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LBAY vs SPY

Comparison between LEATHERBACK LONG/SHORT ALTERNATIVE YIELD ETF (LBAY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed LBAY, delivering a return of +13.0% compared to +5.9%

LBAY vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
LBAY
$17M
Winner
SPY
$781B
Expense Ratio
LBAY
1.20%
Winner
SPY
0.09%
Max Drawdown
Winner
LBAY
22.04%
SPY
56.47%
Sharpe Ratio
LBAY
0.51
Winner
SPY
1.25
5Y Beta
Winner
LBAY
0.11
SPY
1.00
P/E Ratio
Winner
LBAY
11.61
SPY
28.78
Forward P/E
Winner
LBAY
16.23
SPY
21.23
5Y Dividends CAGR
Winner
LBAY
18.35%
SPY
6.00%
5Y EPS CAGR
LBAY
10.71%
Winner
SPY
25.62%
Debt to Equity
Winner
LBAY
26.75%
SPY
31.92%
P/S Ratio
Winner
LBAY
1.92
SPY
3.76
P/B Ratio
Winner
LBAY
2.57
SPY
5.64

LBAY vs SPY - Holdings Comparison

LBAY and SPY have 31 common holdings. Overlap is -23.08%

LBAY's top 25 holdings weight is 112.18%. SPY's top 25 holdings weight is 51.74%.

RankLBAYSPY
#1
FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 15.49%
NVIDIA CORP (NVDA) - 7.89%
#2
ALTRIA GROUP INC (MO) - 5.12%
APPLE INC (AAPL) - 7.37%
#3
VISA INC CLASS A (V) - 5.09%
MICROSOFT CORP (MSFT) - 4.50%
#4
ESSENTIAL UTILITIES INC (WTRG) - 4.87%
AMAZON.COM INC (AMZN) - 3.82%
#5
HECLA MINING CO (HL) - 4.67%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
n/a (AGNCP) - 4.61%
BROADCOM INC (AVGO) - 2.86%
#7
n/a (EPR-PRC) - 4.50%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
VAIL RESORTS INC (MTN) - 4.49%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
OLD REPUBLIC INTERNATIONAL CORP (ORI) - 4.39%
TESLA INC (TSLA) - 1.70%
#10
KEURIG DR PEPPER INC (KDP) - 4.35%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
ALAMOS GOLD INC CLASS A (n/a) - 4.23%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
BARRICK MINING CORP (n/a) - 4.09%
ELI LILLY AND CO (LLY) - 1.40%
#13
LAMB WESTON HOLDINGS INC (LW) - 4.06%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
AVISTA CORP (AVA) - 4.03%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 3.91%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
EXXON MOBIL CORP (XOM) - 3.87%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
UNION PACIFIC CORP (UNP) - 3.77%
VISA INC CLASS A (V) - 0.90%
#18
PHILLIPS 66 (PSX) - 3.64%
WALMART INC (WMT) - 0.76%
#19
BECTON DICKINSON & CO (BDX) - 3.62%
INTEL CORP (INTC) - 0.75%
#20
NEWMONT CORP (NEM) - 3.44%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
RAYONIER INC (RYN) - 3.41%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
AMRIZE LTD REGISTERED SHARE (AMRZ) - 3.16%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
THE HOME DEPOT INC (HD) - 3.14%
ABBVIE INC (ABBV) - 0.66%
#24
SLM CORP (SLM) - 3.13%
CATERPILLAR INC (CAT) - 0.65%
#25
VIATRIS INC (VTRS) - 3.10%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings61505

LBAY vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
LBAY
+5.48%
SPY
+0.52%
3M
LBAY
+0.50%
Winner
SPY
+6.55%
6M
LBAY
+2.55%
Winner
SPY
+9.76%
1Y
LBAY
+11.01%
Winner
SPY
+20.32%
5Y(CAGR)
LBAY
+5.86%
Winner
SPY
+13.01%
10Y(CAGR)
LBAY
N/A
SPY
+15.06%
Max(CAGR)
LBAY
+8.17%
Winner
SPY
+8.50%

LBAY vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearLBAYSPY
2026+8.85%+10.11%
2025+4.66%+18.00%
2024-4.35%+25.59%
2023-8.50%+26.72%
2022+22.44%-18.64%
2021+22.29%+30.52%
2020+4.58%+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

LBAY vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current LBAY drawdown is -8.87%. The current SPY drawdown is -1.24%.

RankLBAYSPY
#1-15.99%
Jan 6, 2023 - Feb 4, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-13.61%
Feb 27, 2026 - Jun 22, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-12.94%
Jun 7, 2022 - Nov 22, 2022		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-10.45%
May 17, 2021 - Jan 4, 2022		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-5.77%
Apr 20, 2022 - May 24, 2022		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-5.34%
Jan 14, 2021 - Feb 22, 2021		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-4.14%
Mar 15, 2021 - Mar 26, 2021		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-2.91%
Feb 24, 2021 - Mar 5, 2021		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-2.80%
Feb 23, 2026 - Feb 27, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-2.70%
Nov 24, 2020 - Dec 3, 2020		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-2.48%
May 10, 2021 - May 14, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-2.25%
Dec 2, 2022 - Dec 27, 2022		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-2.13%
Dec 9, 2020 - Dec 31, 2020		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.01%
Jan 18, 2022 - Feb 9, 2022		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.86%
Mar 4, 2022 - Mar 21, 2022		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between LBAY and SPY is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53
-101

Dividend Comparison (1999 - 2026)

LBAY vs SPY dividend yield comparison.

YearLBAYSPY
20261.97%0.49%
20253.80%1.07%
20243.77%1.21%
20233.47%1.40%
20222.74%1.65%
20212.96%1.20%
20200.29%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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