# LBAY (Leatherback Long/Short Alternative Yield ETF)

Leatherback · Stock ETFs · U.S. mid-cap value · data as of Oct 9, 2026

LBAY is actively managed and returned +6.6% over the past year.

## Key facts

- LBAY, total return, 1 year: +6.6%, as of Oct 9, 2026.
- LBAY, expense ratio: 1.20%, as of Oct 9, 2026.
- LBAY, holdings: 35, as of Oct 9, 2026.
- LBAY, below its high: −9.7%, as of Oct 9, 2026.
- LBAY, 12-month yield: cash paid, 1 year, on its starting price: 4.0%, as of Oct 9, 2026.
- LBAY, last payment (paid monthly), ex-date Sep 29, 2026: $0.085, as of Oct 9, 2026.
- LBAY, net assets: $18m (SEC filing, whole fund, as filed for May 31, 2026).

## LBAY over each window to Oct 9, 2026

| Window | Total return | S&P 500 (SPY) | Gap to SPY |
| --- | --- | --- | --- |
| 1 month | −5.5% | +2.4% | −7.9 pts |
| 3 months | +1.8% | +3.4% | −1.5 pts |
| 6 months | −7.3% | +15.2% | −22.4 pts |
| Year to date | +8.2% | +15.1% | −6.9 pts |
| 1 year | +6.6% | +17.3% | −10.6 pts |
| 3 years | +11.2% | +85.8% | −74.5 pts |
| Since launch | +55.5% | +134.1% | −78.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · U.S. mid-cap value | ETFIQ |
| Expense ratio | 1.20% | 485BPOS XBRL, Dec 23, 2025 |
| Price | $25.50 | ETFIQ |
| First traded | Nov 17, 2020 | ETFIQ |
| Net assets | $18m | SEC filing, whole fund, as filed for May 31, 2026 |
| Benchmark | Its own holdings, as of May 31, 2026; its prospectus names no index it tracks | ETFIQ, from its filings |
| Below its high | −9.7% | ETFIQ |
| Holdings | 35 | ETFIQ |
| Top ten weight | 47.3% | ETFIQ |
| Holdings as of | May 31, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 50.0% | ETFIQ |
| Active share vs the S&P 500 | 95.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 7.4% | ETFIQ |

## Questions

### How has LBAY performed?

Over the year to Oct 9, 2026, LBAY returned +6.6% with distributions reinvested, against +17.3% for the S&P 500. Over three years the figure is +11.2%.

### What does LBAY cost?

The prospectus expense ratio is 1.20% a year.

### What does LBAY hold?

35 positions as filed for May 31, 2026, with the top ten at 47.3% of the fund. 50% of its weight is in stocks the S&P 500 also holds.

### How far is LBAY below its high?

9.7% below its high of Aug 25, 2026, measured on the reinvested series to Oct 9, 2026.


## Cite this page

ETFIQ, LBAY, stock fund, data as of Oct 9, 2026. https://etfiq.com/funds/lbay
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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