LBAY vs. XMLV ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to PowerShares S&P MidCap Low Volatility Portfolio (XMLV)

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

$27.65

Average Daily Volume

2,601

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$60.85

Average Daily Volume

43,785

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	XMLV
30 Days	-0.70%	1.39%
60 Days	2.12%	5.31%
90 Days	7.84%	11.53%
12 Months	10.49%	29.22%

3 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in XMLV	Overlap
ORI	B	4.75%	1.39%	1.39%
SF	A	-1.79%	1.33%	-1.79%
TXRH	A	-1.41%	1.13%	-1.41%

LBAY Overweight 53 Positions Relative to XMLV

Symbol	Grade	Weight
NEM	C	4.99%
BG	F	4.81%
XOM	A	4.78%
MMM	C	4.7%
FIS	C	4.61%
LW	D	4.4%
AGNC	C	4.24%
MO	D	4.12%
CMCSA	B	4.07%
ZBH	F	4.05%
MDT	B	4.03%
ICE	A	4.02%
VTRS	D	4.01%
AWK	B	3.61%
ABBV	A	3.58%
RIO	A	3.52%
UNP	D	3.43%
EBAY	A	3.32%
V	C	3.26%
PKG	C	3.25%
APD	C	3.2%
LHX	A	3.08%
MTN	D	3.08%
T	A	3.03%
CARR	A	2.97%
PCH	C	2.91%
SPGI	C	2.84%
MSCI	B	2.79%
BKNG	C	2.72%
DE	A	2.7%
KDP	C	2.62%
KO	C	2.56%
SOLV	C	2.09%
EVR	C	-1.19%
SITE	D	-1.25%
BURL	D	-1.25%
DKS	D	-1.27%
FIX	A	-1.28%
SHOP	C	-1.3%
EQIX	B	-1.31%
DLR	C	-1.33%
AVGO	C	-1.49%
CMG	C	-1.52%
DUOL	B	-1.59%
SQ	D	-1.63%
VRT	B	-1.7%
KKR	A	-1.71%
OLLI	C	-1.78%
CVNA	A	-1.8%
PLNT	B	-1.9%
RCL	C	-2.0%
TSLA	C	-2.08%
DASH	A	-2.13%

LBAY Underweight 76 Positions Relative to XMLV

Symbol	Grade	Weight
ATR	A	-1.69%
CW	A	-1.65%
SEIC	B	-1.56%
VOYA	A	-1.5%
DTM	A	-1.49%
CACI	A	-1.45%
INGR	A	-1.41%
EHC	B	-1.4%
FHI	C	-1.4%
PNM	B	-1.4%
DCI	B	-1.38%
RGA	C	-1.37%
AM	A	-1.37%
OGE	A	-1.35%
THG	C	-1.35%
SON	D	-1.34%
IDA	C	-1.33%
GGG	B	-1.33%
EPR	C	-1.33%
GLPI	A	-1.32%
POST	C	-1.32%
NWE	B	-1.31%
ADC	B	-1.31%
MDU	C	-1.31%
NJR	C	-1.3%
NNN	A	-1.29%
IBKR	A	-1.28%
GNTX	D	-1.28%
CHE	C	-1.28%
ESNT	C	-1.28%
AFG	C	-1.28%
RLI	A	-1.27%
HLI	C	-1.27%
SR	C	-1.27%
ACM	C	-1.26%
OHI	C	-1.26%
G	A	-1.24%
AMG	B	-1.24%
FLS	A	-1.24%
AMH	D	-1.24%
USFD	C	-1.23%
EGP	D	-1.23%
UNM	A	-1.22%
FLO	D	-1.22%
RPM	A	-1.22%
PRI	A	-1.21%
ELS	D	-1.21%
MTG	B	-1.2%
JEF	A	-1.2%
NFG	A	-1.19%
JHG	C	-1.19%
ALE	A	-1.18%
SNX	C	-1.18%
POR	C	-1.18%
OGS	C	-1.17%
FR	C	-1.17%
SBRA	C	-1.17%
STAG	D	-1.16%
BRX	C	-1.15%
LSTR	D	-1.15%
AVT	C	-1.14%
GEF	D	-1.14%
SLGN	C	-1.14%
MMS	B	-1.14%
BKH	C	-1.13%
MSA	F	-1.13%
MAN	D	-1.09%
PPC	B	-1.09%
NYT	A	-1.08%
NEU	F	-1.08%
KBR	C	-1.08%
DLB	D	-1.07%
GATX	F	-1.05%
MUSA	D	-1.04%
WTRG	D	-1.01%
CHRD	F	-0.89%