SLX vs. LBAY ETF Comparison

Comparison of Market Vectors Steel Index ETF Fund (SLX) to Leatherback Long/Short Alternative Yield ETF (LBAY)
SLX

Market Vectors Steel Index ETF Fund

SLX Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the steel industry. Such companies may include medium-capitalization companies and foreign issuers. The fund may also utilize convertible securities and participation notes to seek performance that corresponds to the Steel Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.41

Average Daily Volume

9,175

Number of Holdings *

26

* 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

$26.58

Average Daily Volume

2,398

Number of Holdings *

54

* may have additional holdings in another (foreign) market
Performance
Period SLX LBAY
30 Days -4.06% -4.08%
60 Days 1.22% -4.53%
90 Days 2.93% -1.82%
12 Months 6.24% 7.49%
1 Overlapping Holdings
Symbol Grade Weight in SLX Weight in LBAY Overlap
RIO B 10.13% 3.49% 3.49%
SLX Overweight 25 Positions Relative to LBAY
Symbol Grade Weight
VALE F 8.14%
NUE F 6.27%
STLD A 5.53%
TS A 5.06%
HCC A 5.02%
RS C 4.95%
CLF C 4.88%
MT B 4.81%
CRS B 4.7%
CMC A 4.63%
X C 4.4%
TX F 4.36%
ATI F 4.32%
PKX F 4.2%
SID F 3.99%
GGB F 3.98%
ROCK D 2.23%
WS A 1.96%
USAP A 1.32%
ASTL A 1.14%
ZEUS F 0.96%
RYI C 0.8%
SXC A 0.8%
MTUS F 0.71%
RDUS F 0.56%
SLX Underweight 53 Positions Relative to LBAY
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%
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%
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