BSTP vs LBAY
Innovator Buffer Step Up Strategy ETF vs Leatherback Long/Short Alternative Yield ETF
Which is better, BSTP or LBAY?
BSTP has been ahead.
BSTP has a lower expense ratio. BSTP led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSTP | LBAY |
|---|---|---|
| Expense Ratio | 0.89%Best | 1.20% |
| AUM | $59M | $16M |
| Dividend Yield | 0.00% | 3.60% |
| Holdings | 18 | 62 |
| YTD Return | +9.47%Best | +9.32% |
| 1Y Return | +12.35%Best | +7.50% |
| 3Y Return (annualized) | +15.24%Best | +4.05% |
| 5Y Return (annualized) | - | +5.10% |
| Volatility (annualized) | 10.8%Best | 15.7% |
| Max Drawdown | -16.7% | -16.0%Best |
| $10,000 over 4.6 years | $16,055Best | $11,258 |
| Fund Family | Innovator ETFs Trust | Leatherback Asset Management |
| Category | Alternative | Alternative |
| Style | Long-Short Strategy | Long-Short Strategy |
| Inception | Mar 7, 2022 | Nov 16, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Mar 8, 2022 to Oct 12, 2026 (4.6 years).
BSTP vs LBAY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
BSTP vs LBAY Performance
Innovator Buffer Step Up Strategy ETF (BSTP) is an ETF from Innovator ETFs Trust and Leatherback Long/Short Alternative Yield ETF (LBAY) is an ETF from Leatherback Asset Management. Over the past year BSTP returned +12.35% while LBAY returned +7.50%. Year to date, BSTP is up 9.47% versus a gain of 9.32% for LBAY.
Over three years, BSTP compounded at +15.24% per year against +4.05% for LBAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBAY has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 10.8% for BSTP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.7% for BSTP and -16.0% for LBAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSTP charges 0.89% per year while LBAY charges 1.20%. On a $10,000 position that is $89 vs $120 annually, a gap of $31 per year that compounds over a long holding period. On income, BSTP currently yields 0.00% against 3.60% for LBAY.
You are not choosing between two funds in isolation.
Whichever of BSTP and LBAY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSTP or LBAY?
BSTP has an expense ratio of 0.89% while LBAY charges 1.20%. BSTP is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, BSTP or LBAY?
Over the past year BSTP returned +12.35% vs +7.50% for LBAY, so BSTP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSTP or LBAY?
LBAY has been the more volatile fund at 15.7% annualized versus 10.8% for BSTP. Worst drawdown: BSTP -16.7% vs LBAY -16.0%.
Should I hold both BSTP and LBAY?
BSTP and LBAY have a monthly-return correlation of 0.32, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSTP or LBAY?
BSTP yields 0.00% while LBAY yields 3.60%, so LBAY currently pays the higher dividend yield.
Is LBAY better than BSTP?
BSTP has a lower expense ratio. BSTP led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.