LBAY vs HF
Comparison between LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF) and DGA Core Plus Absolute Return ETF (HF, ETF).
LBAY vs HF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
LBAY
$20M
Winner
HF
$20M
Expense Ratio
Winner
LBAY
1.20%
HF
1.70%
Max Drawdown
LBAY
22.04%
Winner
HF
15.32%
Sharpe Ratio
LBAY
0.45
Winner
HF
1.30
5Y Beta
Winner
LBAY
0.13
HF
0.14
P/E Ratio
LBAY
11.76
HF
N/A
Forward P/E
LBAY
15.45
HF
N/A
5Y Dividends CAGR
LBAY
23.68%
HF
N/A
5Y EPS CAGR
LBAY
12.40%
HF
N/A
Debt to Equity
LBAY
115.01%
HF
N/A
P/S Ratio
LBAY
1.35
HF
N/A
P/B Ratio
LBAY
2.13
HF
N/A
LBAY vs HF - Holdings Comparison
LBAY and HF have 1 common holdings. Overlap is 0.15%
LBAY's top 25 holdings weight is 113.19%. HF's top 25 holdings weight is 100.10%.
| Rank | LBAY | HF |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 13.92% | PROSHARES SHORT S&P500 (SH) - 29.72% |
| #2 | AVISTA CORP (AVA) - 5.42% | PROSHARES ULTRASHORT S&P500 (SDS) - 14.72% |
| #3 | ALTRIA GROUP INC (MO) - 5.27% | SPDR® PORTFOLIO S&P 500 GROWTH ETF (SPYG) - 14.18% |
| #4 | VAIL RESORTS INC (MTN) - 5.23% | SPDR® PORTFOLIO S&P 500 VALUE ETF (SPYV) - 14.12% |
| #5 | HECLA MINING CO (HL) - 5.03% | VANGUARD TOTAL WORLD STOCK ETF (VT) - 10.09% |
| #6 | KEURIG DR PEPPER INC (KDP) - 4.69% | VANGUARD TOTAL STOCK MARKET ETF (VTI) - 7.07% |
| #7 | VISA INC CLASS A (V) - 4.57% | GOLDMAN SACHS ACCESS TREASURY 0-1 YR ETF (GBIL) - 5.00% |
| #8 | n/a (AGNCP) - 4.51% | SPDR® DOW JONES INDUSTRIAL AVRG ETF TR (DIA) - 2.02% |
| #9 | n/a (EPR-PRC) - 4.40% | INVESCO QQQ TRUST (QQQ) - 2.02% |
| #10 | HONEYWELL INTERNATIONAL INC (HON) - 4.35% | SPDR® S&P 500® ETF (SPY) - 1.01% |
| #11 | ALAMOS GOLD INC CLASS A (AGI) - 4.27% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.15% |
| #12 | ESSENTIAL UTILITIES INC (WTRG) - 4.26% | N/A |
| #13 | BARRICK MINING CORP (n/a) - 4.17% | N/A |
| #14 | NEWMONT CORP (NEM) - 3.98% | N/A |
| #15 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 3.83% | N/A |
| #16 | AMRIZE LTD REGISTERED SHARE (n/a) - 3.75% | N/A |
| #17 | VIATRIS INC (VTRS) - 3.70% | N/A |
| #18 | BUNGE GLOBAL SA (BG) - 3.66% | N/A |
| #19 | HALLIBURTON CO (HAL) - 3.66% | N/A |
| #20 | UNION PACIFIC CORP (UNP) - 3.56% | N/A |
| #21 | OLD REPUBLIC INTERNATIONAL CORP (ORI) - 3.50% | N/A |
| #22 | PHILLIPS 66 (PSX) - 3.50% | N/A |
| #23 | BECTON DICKINSON & CO (BDX) - 3.38% | N/A |
| #24 | EXXON MOBIL CORP (XOM) - 3.32% | N/A |
| #25 | UBER TECHNOLOGIES INC (UBER) - 3.26% | N/A |
| Total Holdings | 63 | 11 |
LBAY vs HF - Historical Returns
Returns include dividend reinvestment.
1M
LBAY
+0.08%
Winner
HF
+1.22%
3M
LBAY
-5.26%
Winner
HF
+3.10%
6M
Winner
LBAY
+9.46%
HF
+4.44%
1Y
LBAY
+9.71%
Winner
HF
+11.16%
5Y(CAGR)
LBAY
+4.02%
HF
N/A
Max(CAGR)
LBAY
+8.15%
Winner
HF
+8.59%
LBAY vs HF - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | LBAY | HF |
|---|---|---|
| 2026 | +7.69% | +4.26% |
| 2025 | +4.66% | +4.59% |
| 2024 | -4.35% | +9.90% |
| 2023 | -8.50% | +5.97% |
| 2022 | +22.44% | N/A |
| 2021 | +22.29% | N/A |
| 2020 | +4.58% | N/A |
LBAY vs HF Drawdown Comparison
The maximum drawdown for LBAY was -15.99%, occurring on Oct 27, 2023. Recovery took 771 trading sessions.
The maximum drawdown for HF was -5.97%, occurring on Mar 13, 2025. Recovery took 243 trading sessions.
The current LBAY drawdown is -9.85%. The current HF drawdown is -1.42%.
| Rank | LBAY | HF |
|---|---|---|
| #1 | -15.99% Jan 6, 2023 - Feb 4, 2026 | -5.97% Oct 14, 2024 - Oct 3, 2025 |
| #2 | -12.94% Jun 7, 2022 - Nov 22, 2022 | -4.27% Aug 7, 2023 - Nov 10, 2023 |
| #3 | -11.91% Feb 27, 2026 - Jun 1, 2026 | -3.89% Jul 16, 2024 - Sep 24, 2024 |
| #4 | -10.45% May 17, 2021 - Jan 4, 2022 | -3.14% Jan 29, 2026 - Apr 30, 2026 |
| #5 | -5.77% Apr 20, 2022 - May 24, 2022 | -3.08% Mar 28, 2024 - May 15, 2024 |
| #6 | -5.34% Jan 14, 2021 - Feb 22, 2021 | -2.01% Nov 12, 2025 - Dec 22, 2025 |
| #7 | -4.14% Mar 15, 2021 - Mar 26, 2021 | -1.87% Feb 12, 2024 - Feb 15, 2024 |
| #8 | -2.91% Feb 24, 2021 - Mar 5, 2021 | -1.49% May 21, 2024 - Jun 5, 2024 |
| #9 | -2.80% Feb 23, 2026 - Feb 27, 2026 | -1.42% Jun 4, 2026 - Jun 5, 2026 |
| #10 | -2.70% Nov 24, 2020 - Dec 3, 2020 | -1.40% Feb 15, 2024 - Feb 22, 2024 |
| #11 | -2.48% May 10, 2021 - May 14, 2021 | -1.27% Oct 20, 2025 - Nov 12, 2025 |
| #12 | -2.25% Dec 2, 2022 - Dec 27, 2022 | -1.16% Dec 28, 2023 - Jan 24, 2024 |
| #13 | -2.13% Dec 9, 2020 - Dec 31, 2020 | -1.01% Mar 12, 2024 - Mar 20, 2024 |
| #14 | -2.01% Jan 18, 2022 - Feb 9, 2022 | -0.97% Dec 19, 2023 - Dec 26, 2023 |
| #15 | -1.86% Mar 4, 2022 - Mar 21, 2022 | -0.94% Oct 8, 2025 - Oct 20, 2025 |
Correlation
Correlation between LBAY and HF is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.56
-101
Dividend Comparison (2020 - 2026)
LBAY vs HF dividend yield comparison.
| Year | LBAY | HF |
|---|---|---|
| 2026 | 1.66% | 0.00% |
| 2025 | 3.80% | 0.94% |
| 2024 | 3.77% | 11.18% |
| 2023 | 3.47% | 2.49% |
| 2022 | 2.74% | 0.00% |
| 2021 | 2.96% | 0.00% |
| 2020 | 0.29% | 0.00% |
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