PPH vs. LBAY ETF Comparison

Comparison of Market Vectors Pharmaceutical ETF (PPH) to Leatherback Long/Short Alternative Yield ETF (LBAY)

PPH

Market Vectors Pharmaceutical ETF

PPH Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors US Listed Pharmaceutical 25 Index (the "Pharmaceutical Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Pharmaceutical Index is comprised of common stocks and depositary receipts of U.S. exchange-listed companies in the pharmaceutical industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$87.94

Average Daily Volume

198,381

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.45

Average Daily Volume

2,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPH	LBAY
30 Days	-6.03%	-3.99%
60 Days	-8.37%	-3.40%
90 Days	-9.98%	-2.87%
12 Months	14.26%	5.05%

2 Overlapping Holdings

	Symbol	Grade	Weight in PPH	Weight in LBAY	Overlap
	LLY	F	11.57%	-1.48%	-1.48%
	VTRS	A	2.27%	4.48%	2.27%

PPH Overweight 22 Positions Relative to LBAY

Symbol	Grade	Weight
NVO	F	7.69%
JNJ	C	6.86%
MCK	A	6.08%
BMY	B	5.89%
ABBV	F	5.76%
COR	B	5.18%
NVS	F	5.01%
MRK	D	4.8%
ZTS	D	4.68%
TAK	D	4.6%
HLN	C	4.56%
AZN	F	4.41%
SNY	F	4.26%
PFE	F	4.23%
GSK	F	3.88%
TEVA	C	3.65%
CTLT	C	1.14%
JAZZ	B	1.11%
ELAN	D	0.65%
OGN	F	0.57%
PRGO	C	0.49%
PDCO	F	0.24%

PPH Underweight 50 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
XOM	B	-4.78%
ORI	A	-4.77%
MO	A	-4.64%
NEM	D	-4.59%
BG	D	-4.57%
CMCSA	B	-4.57%
FIS	C	-4.54%
ZBH	C	-4.41%
AGNC	C	-4.41%
CVS	D	-4.36%
BERY	C	-4.14%
ICE	C	-4.08%
MTN	C	-3.91%
V	A	-3.89%
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	C	-3.45%
BKNG	A	-3.37%
RIO	D	-3.28%
MSCI	C	-3.15%
APD	A	-3.11%
SPGI	C	-2.92%
PCH	F	-2.79%
DE	B	-2.68%
SHAK	C	--1.21%
DKS	D	--1.21%
BURL	B	--1.26%
SITE	F	--1.27%
RBLX	C	--1.29%
EQIX	A	--1.38%
TSLA	B	--1.45%
EVR	B	--1.46%
SF	B	--1.48%
DKNG	B	--1.49%
DLR	B	--1.51%
CVNA	B	--1.53%
AAPL	C	--1.53%
DAL	B	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	D	--1.54%
SQ	A	--1.56%
VRT	B	--1.63%
OLLI	D	--1.69%
DUOL	A	--1.85%