LBAY vs. KRE ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to SPDR S&P Regional Banking ETF (KRE)

LBAY

Leatherback Long/Short Alternative Yield ETF

LBAY Description

The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.58

Average Daily Volume

2,398

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KRE

SPDR S&P Regional Banking ETF

KRE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. In seeking to track the performance of the S&P Regional Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the regional banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.64

Average Daily Volume

12,549,756

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	KRE
30 Days	-4.08%	7.42%
60 Days	-4.53%	2.08%
90 Days	-1.82%	9.66%
12 Months	7.49%	43.73%

0 Overlapping Holdings

	Symbol	Grade	Weight in LBAY	Weight in KRE	Overlap

LBAY Overweight 54 Positions Relative to KRE

Symbol	Grade	Weight
LW	B	5.34%
FIS	B	5.17%
XOM	C	5.03%
NEM	D	4.94%
ORI	D	4.82%
BG	F	4.64%
CVS	F	4.5%
MMM	D	4.29%
CMCSA	A	4.26%
AGNC	D	4.26%
ICE	C	4.26%
VTRS	B	4.25%
BERY	A	4.21%
MO	A	4.12%
MDT	B	3.88%
ZBH	C	3.68%
MTN	F	3.63%
UNP	D	3.55%
T	A	3.53%
AWK	D	3.53%
APD	B	3.5%
V	A	3.49%
RIO	B	3.49%
LHX	A	3.32%
EBAY	D	3.06%
MSCI	C	3.0%
BKNG	A	2.87%
KDP	F	2.84%
DE	B	2.78%
PCH	F	2.78%
SPGI	D	2.73%
SOLV	B	2.25%
BURL	D	-1.16%
DKS	F	-1.23%
EVR	A	-1.24%
SITE	F	-1.26%
FIX	B	-1.29%
SHOP	B	-1.33%
EQIX	B	-1.36%
KKR	B	-1.48%
AVGO	B	-1.49%
TSLA	A	-1.52%
SF	A	-1.52%
DLR	A	-1.52%
TXRH	A	-1.52%
CVNA	A	-1.55%
OLLI	C	-1.61%
CMG	B	-1.61%
DUOL	A	-1.63%
RCL	B	-1.71%
PLNT	D	-1.75%
SQ	B	-1.89%
DASH	A	-1.92%
VRT	B	-1.95%

LBAY Underweight 140 Positions Relative to KRE

Symbol	Grade	Weight
MTB	B	-5.05%
RF	B	-4.74%
HBAN	B	-4.74%
CFG	A	-4.56%
TFC	C	-4.55%
FHN	B	-3.72%
ZION	B	-3.02%
WAL	C	-2.36%
WBS	B	-2.34%
OZK	B	-2.34%
SNV	B	-2.25%
EWBC	A	-2.18%
COLB	A	-1.92%
CFR	B	-1.9%
SSB	B	-1.63%
VLY	A	-1.56%
CADE	B	-1.48%
PNFP	A	-1.46%
WTFC	B	-1.37%
AX	B	-1.33%
UMBF	A	-1.29%
PB	B	-1.29%
BPOP	F	-1.14%
ONB	A	-1.14%
FNB	A	-1.12%
CBSH	A	-1.07%
TBBK	D	-1.04%
ASB	A	-1.0%
BANC	B	-1.0%
HWC	A	-0.89%
TCBI	B	-0.86%
BKU	C	-0.81%
GBCI	A	-0.8%
FULT	B	-0.8%
HOMB	B	-0.78%
FFIN	D	-0.77%
BOH	A	-0.73%
CUBI	D	-0.72%
FBP	D	-0.71%
ABCB	B	-0.67%
UBSI	A	-0.62%
FIBK	B	-0.62%
EBC	C	-0.55%
PFS	B	-0.54%
AUB	C	-0.54%
CVBF	B	-0.53%
BOKF	B	-0.53%
INDB	B	-0.51%
CATY	A	-0.51%
CBU	A	-0.5%
SFBS	A	-0.48%
FHB	A	-0.47%
WAFD	D	-0.47%
UCB	D	-0.46%
IBOC	B	-0.46%
RNST	B	-0.44%
IBTX	B	-0.43%
TFIN	B	-0.43%
PPBI	B	-0.42%
WSFS	D	-0.42%
HTLF	A	-0.41%
SBCF	B	-0.4%
BANR	A	-0.39%
CASH	A	-0.38%
NBHC	A	-0.38%
SFNC	A	-0.37%
TRMK	B	-0.33%
HTH	D	-0.33%
FFBC	A	-0.32%
SASR	A	-0.3%
OFG	C	-0.3%
HOPE	D	-0.29%
VBTX	B	-0.29%
PRK	A	-0.28%
FRME	C	-0.28%
NWBI	C	-0.28%
FCF	D	-0.28%
BHLB	B	-0.26%
EGBN	A	-0.26%
TOWN	D	-0.25%
NBTB	D	-0.25%
LKFN	B	-0.24%
FBMS	B	-0.24%
BANF	B	-0.24%
WSBC	A	-0.23%
FBK	B	-0.21%
FBNC	D	-0.21%
EFSC	B	-0.21%
LOB	D	-0.21%
CHCO	A	-0.2%
PFBC	B	-0.2%
BRKL	A	-0.19%
DCOM	B	-0.19%
WABC	B	-0.19%
OCFC	A	-0.18%
CFFN	A	-0.17%
QCRH	B	-0.17%
STBA	D	-0.16%
AMAL	B	-0.16%
MCB	B	-0.15%
BUSE	D	-0.15%
PFC	A	-0.15%
SRCE	C	-0.15%
HAFC	A	-0.15%
CPF	C	-0.15%
TCBK	C	-0.15%
FFWM	D	-0.15%
SYBT	B	-0.15%
HFWA	A	-0.14%
PEBO	B	-0.13%
BY	B	-0.13%
NFBK	C	-0.13%
NIC	B	-0.13%
CFB	D	-0.13%
HTBK	D	-0.13%
OSBC	B	-0.13%
IBCP	D	-0.12%
CNOB	D	-0.12%
TFSL	B	-0.11%
SBSI	D	-0.11%
TMP	A	-0.11%
CCB	A	-0.1%
PGC	A	-0.1%
OBK	D	-0.1%
HIFS	B	-0.1%
KRNY	B	-0.1%
WASH	B	-0.1%
AMTB	D	-0.09%
MBWM	D	-0.09%
CTBI	B	-0.08%
UVSP	B	-0.08%
FFIC	B	-0.08%
TRST	D	-0.08%
HBNC	A	-0.07%
THFF	B	-0.06%
CAC	A	-0.06%
MSBI	A	-0.06%
GSBC	C	-0.05%
HONE	D	-0.04%
CLBK	D	-0.04%