SPRX vs. LBAY ETF Comparison
Comparison of Spear Alpha ETF (SPRX) to Leatherback Long/Short Alternative Yield ETF (LBAY)
SPRX
Spear Alpha ETF
SPRX Description
SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.
Grade (RS Rating)
Last Trade
$20.54
Average Daily Volume
55,241
22
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
$27.19
Average Daily Volume
4,768
55
Performance
| Period | SPRX | LBAY |
|---|---|---|
| 30 Days | -13.62% | 6.28% |
| 60 Days | -6.85% | 2.05% |
| 90 Days | -8.30% | 2.60% |
| 12 Months | 10.67% | 2.50% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SPRX | Weight in LBAY | Overlap | |
|---|---|---|---|---|---|
| RIO | F | 0.0% | 3.0% | 0.0% |
SPRX Overweight 21 Positions Relative to LBAY
SPRX Underweight 54 Positions Relative to LBAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| BG | C | -5.57% | |
| XOM | B | -5.32% | |
| ORI | A | -4.99% | |
| FIS | D | -4.96% | |
| ICE | A | -4.69% | |
| V | D | -4.55% | |
| AWK | A | -4.42% | |
| ZBH | C | -4.31% | |
| LHX | B | -4.27% | |
| NEM | A | -4.23% | |
| AGNC | B | -4.2% | |
| ABBV | A | -4.16% | |
| PKG | A | -4.05% | |
| APD | C | -3.97% | |
| CMCSA | C | -3.92% | |
| MMM | A | -3.65% | |
| MDT | C | -3.62% | |
| UNP | B | -3.37% | |
| JNJ | B | -3.19% | |
| MTN | D | -3.13% | |
| MO | A | -3.0% | |
| HP | C | -2.94% | |
| KO | A | -2.87% | |
| PCH | C | -2.78% | |
| MSCI | B | -2.74% | |
| SPGI | A | -2.73% | |
| KDP | A | -2.69% | |
| T | A | -2.54% | |
| CARR | B | -2.48% | |
| BKNG | D | -2.44% | |
| LW | F | -1.91% | |
| SOLV | B | -1.78% | |
| COIN | C | --0.81% | |
| DAL | F | --0.85% | |
| VRT | D | --0.94% | |
| DUOL | F | --0.95% | |
| FIX | C | --0.98% | |
| NFLX | D | --0.99% | |
| CMG | D | --1.01% | |
| BURL | B | --1.14% | |
| IRM | A | --1.2% | |
| DKS | D | --1.22% | |
| SITE | C | --1.24% | |
| SQ | F | --1.31% | |
| AAPL | C | --1.34% | |
| TSLA | C | --1.4% | |
| DASH | D | --1.53% | |
| EQIX | B | --1.57% | |
| DLR | B | --1.68% | |
| SF | B | --1.71% | |
| OLLI | B | --1.74% | |
| RCL | C | --1.76% | |
| PLNT | C | --1.77% | |
| BLK | A | --1.79% |
SPRX: Top Represented Industries & Keywords
LBAY: Top Represented Industries & Keywords
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