LBAY vs. USMC ETF Comparison
Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to Principal U.S. Mega-Cap ETF (USMC)
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
$26.54
Average Daily Volume
2,703
52
USMC
Principal U.S. Mega-Cap ETF
USMC Description
The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Mega Cap Select Leaders Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US 500 Large Cap Index (the parent index) that have the largest market capitalizations, with higher weights given to less volatile securities.Grade (RS Rating)
Last Trade
$59.43
Average Daily Volume
57,211
25
Performance
| Period | LBAY | USMC |
|---|---|---|
| 30 Days | -3.39% | 3.90% |
| 60 Days | -3.50% | 4.90% |
| 90 Days | -2.55% | 6.95% |
| 12 Months | 5.40% | 32.27% |
LBAY Overweight 46 Positions Relative to USMC
| Symbol | Grade | Weight | |
|---|---|---|---|
| LW | C | 4.96% | |
| ORI | A | 4.77% | |
| MO | A | 4.64% | |
| NEM | D | 4.59% | |
| BG | F | 4.57% | |
| CMCSA | B | 4.57% | |
| FIS | C | 4.54% | |
| VTRS | A | 4.48% | |
| ZBH | C | 4.41% | |
| AGNC | D | 4.41% | |
| CVS | D | 4.36% | |
| BERY | B | 4.14% | |
| ICE | C | 4.08% | |
| MTN | C | 3.91% | |
| MDT | D | 3.86% | |
| UNP | C | 3.77% | |
| T | A | 3.64% | |
| LHX | C | 3.59% | |
| EBAY | D | 3.58% | |
| MMM | D | 3.53% | |
| AWK | D | 3.45% | |
| BKNG | A | 3.37% | |
| RIO | D | 3.28% | |
| MSCI | C | 3.15% | |
| APD | A | 3.11% | |
| SPGI | C | 2.92% | |
| PCH | D | 2.79% | |
| DE | A | 2.68% | |
| SHAK | C | -1.21% | |
| DKS | C | -1.21% | |
| BURL | A | -1.26% | |
| SITE | D | -1.27% | |
| RBLX | C | -1.29% | |
| EQIX | A | -1.38% | |
| EVR | B | -1.46% | |
| SF | B | -1.48% | |
| DKNG | B | -1.49% | |
| DLR | B | -1.51% | |
| CVNA | B | -1.53% | |
| DAL | C | -1.53% | |
| TOL | B | -1.54% | |
| PLNT | A | -1.54% | |
| SQ | B | -1.56% | |
| VRT | B | -1.63% | |
| OLLI | D | -1.69% | |
| DUOL | A | -1.85% |
LBAY Underweight 19 Positions Relative to USMC
LBAY: Top Represented Industries & Keywords
USMC: Top Represented Industries & Keywords
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