LBAY vs PSTP
Leatherback Long/Short Alternative Yield ETF vs Innovator Power Buffer Step Up Strategy ETF
Which is better, LBAY or PSTP?
PSTP has been ahead.
PSTP has a lower expense ratio. PSTP 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 | LBAY | PSTP |
|---|---|---|
| Expense Ratio | 1.20% | 0.89%Best |
| AUM | $16M | $133M |
| Dividend Yield | 3.60% | 0.00% |
| Holdings | 62 | 12 |
| YTD Return | +9.80%Best | +7.03% |
| 1Y Return | +7.98% | +9.08%Best |
| 3Y Return (annualized) | +3.95% | +11.96%Best |
| 5Y Return (annualized) | +5.29% | - |
| Volatility (annualized) | 15.7% | 8.1%Best |
| Max Drawdown | -16.0% | -12.5%Best |
| $10,000 over 4.6 years | $11,309 | $14,827Best |
| Fund Family | Leatherback Asset Management | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Long-Short Strategy | Long-Short Strategy |
| Inception | Nov 16, 2020 | Mar 7, 2022 |
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 13, 2026 (4.6 years).
LBAY vs PSTP 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.
LBAY vs PSTP Performance
Leatherback Long/Short Alternative Yield ETF (LBAY) is an ETF from Leatherback Asset Management and Innovator Power Buffer Step Up Strategy ETF (PSTP) is an ETF from Innovator ETFs Trust. Over the past year LBAY returned +7.98% while PSTP returned +9.08%. Year to date, LBAY is up 9.80% versus a gain of 7.03% for PSTP.
Over three years, LBAY compounded at +3.95% per year against +11.96% for PSTP.
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 8.1% for PSTP. 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 -16.0% for LBAY and -12.5% for PSTP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LBAY charges 1.20% per year while PSTP charges 0.89%. On a $10,000 position that is $120 vs $89 annually, a gap of $31 per year that compounds over a long holding period. On income, LBAY currently yields 3.60% against 0.00% for PSTP.
You are not choosing between two funds in isolation.
Whichever of LBAY and PSTP 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, LBAY or PSTP?
LBAY has an expense ratio of 1.20% while PSTP charges 0.89%. PSTP is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, LBAY or PSTP?
Over the past year LBAY returned +7.98% vs +9.08% for PSTP, so PSTP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LBAY or PSTP?
LBAY has been the more volatile fund at 15.7% annualized versus 8.1% for PSTP. Worst drawdown: LBAY -16.0% vs PSTP -12.5%.
Should I hold both LBAY and PSTP?
LBAY and PSTP have a monthly-return correlation of 0.33, 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, LBAY or PSTP?
LBAY yields 3.60% while PSTP yields 0.00%, so LBAY currently pays the higher dividend yield.
Is PSTP better than LBAY?
PSTP has a lower expense ratio. PSTP 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.