LBAY vs. LGHT ETF Comparison
Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to Langar Global HealthTech ETF (LGHT)
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
54
LGHT
Langar Global HealthTech ETF
LGHT Description
LGHT targets the global healthcare technology industry. The fund actively invests in HealthTech companies, which the adviser defines as firms that develop technology designed to create healthcare efficiency by addressing key pain points for patients, providers, payors, and hospitals, including those companies that derive a majority of their revenue from HealthTech products and services. The portfolio construction starts by identifying companies that fit into the advisers HealthTech definition. The remaining companies are screened using a proprietary metric that assesses each firms financial health, involvement in relevant controversies, as well as the strength of its team and culture. Each company is then assigned an industry risk score through an algorithm that defines quantitative and qualitative risk categories and weights them accordingly. Finally, each company is reviewed by an investment committee. However, the portfolio manager still has full discretion over the final selection.Grade (RS Rating)
Last Trade
$10.28
Average Daily Volume
686
31
Performance
| Period | LBAY | LGHT |
|---|---|---|
| 30 Days | -4.08% | -3.23% |
| 60 Days | -4.53% | -3.02% |
| 90 Days | -1.82% | 2.70% |
| 12 Months | 7.49% |
1 Overlapping Holdings
| Symbol | Grade | Weight in LBAY | Weight in LGHT | Overlap | |
|---|---|---|---|---|---|
| ZBH | C | 3.68% | 3.55% | 3.55% |
LBAY Overweight 53 Positions Relative to LGHT
| 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% | |
| 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 30 Positions Relative to LGHT
| Symbol | Grade | Weight | |
|---|---|---|---|
| ISRG | B | -14.59% | |
| GEHC | D | -9.12% | |
| RMD | A | -7.12% | |
| IQV | F | -6.5% | |
| DXCM | C | -5.26% | |
| PHG | D | -5.01% | |
| VEEV | B | -4.73% | |
| PODD | A | -4.72% | |
| BNTX | B | -3.9% | |
| ALGN | F | -2.67% | |
| MRNA | F | -2.38% | |
| MASI | A | -2.24% | |
| DOCS | A | -1.67% | |
| PRCT | A | -1.35% | |
| TNDM | F | -0.6% | |
| ALKS | F | -0.6% | |
| OMCL | B | -0.45% | |
| EVH | D | -0.41% | |
| IRTC | C | -0.39% | |
| PRVA | B | -0.38% | |
| LFST | C | -0.3% | |
| TDOC | C | -0.29% | |
| PGNY | F | -0.28% | |
| GDRX | F | -0.27% | |
| ALHC | A | -0.2% | |
| SDGR | F | -0.19% | |
| PHR | F | -0.15% | |
| ACCD | F | -0.06% | |
| TBRG | A | -0.03% | |
| MODV | F | -0.03% |
LBAY: Top Represented Industries & Keywords
LGHT: Top Represented Industries & Keywords
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