APXM vs LBAY

Comparison between FT VEST U.S. EQUITY MAX BUFFER ETF - APRIL (APXM, ETF) and LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF).

APXM vs LBAY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	APXM(ETF)	LBAY(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.85%	1.20%
Max Drawdown	0.60%	22.04%
Sharpe Ratio	0.71	0.51
5Y Beta	0.07	0.11
P/E Ratio	N/A	11.61
Forward P/E	N/A	16.23
5Y Dividends CAGR	N/A	18.35%
5Y EPS CAGR	N/A	10.71%
Debt to Equity	N/A	26.75%
P/S Ratio	N/A	1.92
P/B Ratio	N/A	2.57

Net Assets

APXM

$17M

LBAY

$17M

Expense Ratio

Winner

APXM

0.85%

LBAY

1.20%

Max Drawdown

Winner

APXM

0.60%

LBAY

22.04%

Sharpe Ratio

Winner

APXM

0.71

LBAY

0.51

5Y Beta

Winner

APXM

0.07

LBAY

0.11

P/E Ratio

APXM

N/A

LBAY

11.61

Forward P/E

APXM

N/A

LBAY

16.23

5Y Dividends CAGR

APXM

N/A

LBAY

18.35%

5Y EPS CAGR

APXM

N/A

LBAY

10.71%

Debt to Equity

APXM

N/A

LBAY

26.75%

P/S Ratio

APXM

N/A

LBAY

1.92

P/B Ratio

APXM

N/A

LBAY

2.57

APXM vs LBAY - Historical Returns

Returns include dividend reinvestment.

Period	APXM	LBAY
1 month	+0.35%	+5.48%
3 months	+1.47%	+0.50%
6 months	+2.20%	+2.55%
1 year	+4.76%	+11.01%
5 years(CAGR)	N/A	+5.86%
Max(CAGR)	+6.27%	+8.17%

APXM

+0.35%

Winner

LBAY

+5.48%

Winner

APXM

+1.47%

LBAY

+0.50%

APXM

+2.20%

Winner

LBAY

+2.55%

APXM

+4.76%

Winner

LBAY

+11.01%

5Y(CAGR)

APXM

N/A

LBAY

+5.86%

Max(CAGR)

APXM

+6.27%

Winner

LBAY

+8.17%

APXM vs LBAY - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	APXM	LBAY
2026	+2.32%	+8.85%
2025	+5.40%	+4.66%
2024	N/A	-4.35%
2023	N/A	-8.50%
2022	N/A	+22.44%
2021	N/A	+22.29%
2020	N/A	+4.58%

APXM vs LBAY Drawdown Comparison

The maximum drawdown for APXM was -0.60%, occurring on Jun 10, 2026. Recovery took 9 trading sessions.

The maximum drawdown for LBAY was -15.99%, occurring on Oct 27, 2023. Recovery took 771 trading sessions.

The current APXM drawdown is -0.19%. The current LBAY drawdown is -8.87%.

Rank	APXM	LBAY
#1	-0.60% Jun 2, 2026 - Jun 15, 2026	-15.99% Jan 6, 2023 - Feb 4, 2026
#2	-0.40% May 19, 2025 - Jun 4, 2025	-13.61% Feb 27, 2026 - Jun 22, 2026
#3	-0.39% Jun 15, 2026 - Jul 6, 2026	-12.94% Jun 7, 2022 - Nov 22, 2022
#4	-0.28% Jul 15, 2026 - Jul 17, 2026	-10.45% May 17, 2021 - Jan 4, 2022
#5	-0.27% Apr 17, 2026 - Apr 22, 2026	-5.77% Apr 20, 2022 - May 24, 2022
#6	-0.23% Nov 10, 2025 - Nov 24, 2025	-5.34% Jan 14, 2021 - Feb 22, 2021
#7	-0.21% May 14, 2026 - May 22, 2026	-4.14% Mar 15, 2021 - Mar 26, 2021
#8	-0.18% Apr 22, 2026 - Apr 27, 2026	-2.91% Feb 24, 2021 - Mar 5, 2021
#9	-0.14% Jul 6, 2026 - Jul 9, 2026	-2.80% Feb 23, 2026 - Feb 27, 2026
#10	-0.13% Oct 27, 2025 - Nov 10, 2025	-2.70% Nov 24, 2020 - Dec 3, 2020
#11	-0.13% Jun 12, 2025 - Jun 23, 2025	-2.48% May 10, 2021 - May 14, 2021
#12	-0.13% May 1, 2026 - May 5, 2026	-2.25% Dec 2, 2022 - Dec 27, 2022
#13	-0.13% May 8, 2026 - May 13, 2026	-2.13% Dec 9, 2020 - Dec 31, 2020
#14	-0.12% May 2, 2025 - May 12, 2025	-2.01% Jan 18, 2022 - Feb 9, 2022
#15	-0.12% Jul 28, 2025 - Aug 4, 2025	-1.86% Mar 4, 2022 - Mar 21, 2022