LBAY vs SEPP

Comparison between LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF) and PGIM S&P 500 BUFFER 12 ETF - SEPTEMBER (SEPP, ETF).

LBAY vs SEPP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LBAY(ETF)	SEPP(ETF)
Net Assets	$20M	$20M
Expense Ratio	1.20%	0.50%
Max Drawdown	22.04%	11.75%
Sharpe Ratio	0.45	1.83
5Y Beta	0.13	0.54
P/E Ratio	11.76	N/A
Forward P/E	15.45	N/A
5Y Dividends CAGR	23.68%	N/A
5Y EPS CAGR	12.40%	N/A
Debt to Equity	115.01%	N/A
P/S Ratio	1.35	N/A
P/B Ratio	2.13	N/A

Net Assets

LBAY

$20M

Winner

SEPP

$20M

Expense Ratio

LBAY

1.20%

Winner

SEPP

0.50%

Max Drawdown

LBAY

22.04%

Winner

SEPP

11.75%

Sharpe Ratio

LBAY

0.45

Winner

SEPP

1.83

5Y Beta

Winner

LBAY

0.13

SEPP

0.54

P/E Ratio

LBAY

11.76

SEPP

N/A

Forward P/E

LBAY

15.45

SEPP

N/A

5Y Dividends CAGR

LBAY

23.68%

SEPP

N/A

5Y EPS CAGR

LBAY

12.40%

SEPP

N/A

Debt to Equity

LBAY

115.01%

SEPP

N/A

P/S Ratio

LBAY

1.35

SEPP

N/A

P/B Ratio

LBAY

2.13

SEPP

N/A

LBAY vs SEPP - Historical Returns

Returns include dividend reinvestment.

Period	LBAY	SEPP
1 month	+0.08%	+1.13%
3 months	-5.26%	+4.76%
6 months	+9.46%	+5.63%
1 year	+9.71%	+17.44%
5 years(CAGR)	+4.02%	N/A
Max(CAGR)	+8.15%	+12.78%

LBAY

+0.08%

Winner

SEPP

+1.13%

LBAY

-5.26%

Winner

SEPP

+4.76%

Winner

LBAY

+9.46%

SEPP

+5.63%

LBAY

+9.71%

Winner

SEPP

+17.44%

5Y(CAGR)

LBAY

+4.02%

SEPP

N/A

Max(CAGR)

LBAY

+8.15%

Winner

SEPP

+12.78%

LBAY vs SEPP - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	LBAY	SEPP
2026	+7.69%	+5.01%
2025	+4.66%	+14.09%
2024	-4.35%	+6.79%
2023	-8.50%	N/A
2022	+22.44%	N/A
2021	+22.29%	N/A
2020	+4.58%	N/A

LBAY vs SEPP Drawdown Comparison

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

The maximum drawdown for SEPP was -11.75%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.

The current LBAY drawdown is -9.85%. The current SEPP drawdown is -0.69%.

Rank	LBAY	SEPP
#1	-15.99% Jan 6, 2023 - Feb 4, 2026	-11.75% Feb 19, 2025 - Jun 10, 2025
#2	-12.94% Jun 7, 2022 - Nov 22, 2022	-4.74% Feb 25, 2026 - Apr 13, 2026
#3	-11.91% Feb 27, 2026 - Jun 1, 2026	-2.60% Aug 30, 2024 - Sep 16, 2024
#4	-10.45% May 17, 2021 - Jan 4, 2022	-2.48% Jul 16, 2024 - Aug 15, 2024
#5	-5.77% Apr 20, 2022 - May 24, 2022	-2.46% Oct 27, 2025 - Dec 2, 2025
#6	-5.34% Jan 14, 2021 - Feb 22, 2021	-1.85% Dec 4, 2024 - Jan 21, 2025
#7	-4.14% Mar 15, 2021 - Mar 26, 2021	-1.65% Oct 8, 2025 - Oct 20, 2025
#8	-2.91% Feb 24, 2021 - Mar 5, 2021	-1.51% Feb 9, 2026 - Feb 25, 2026
#9	-2.80% Feb 23, 2026 - Feb 27, 2026	-1.33% Feb 2, 2026 - Feb 9, 2026
#10	-2.70% Nov 24, 2020 - Dec 3, 2020	-1.31% Oct 18, 2024 - Nov 6, 2024
#11	-2.48% May 10, 2021 - May 14, 2021	-1.28% Jul 28, 2025 - Aug 8, 2025
#12	-2.25% Dec 2, 2022 - Dec 27, 2022	-1.25% Jan 12, 2026 - Jan 27, 2026
#13	-2.13% Dec 9, 2020 - Dec 31, 2020	-1.20% Nov 8, 2024 - Nov 25, 2024
#14	-2.01% Jan 18, 2022 - Feb 9, 2022	-1.12% Dec 11, 2025 - Dec 22, 2025
#15	-1.86% Mar 4, 2022 - Mar 21, 2022	-0.80% Jun 12, 2025 - Jun 23, 2025