LBAY vs SCHD
Leatherback Long/Short Alternative Yield ETF vs Schwab US Dividend Equity ETF
Which is better, LBAY or SCHD?
Long-Short Strategy against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y 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 | SCHD |
|---|---|---|
| Expense Ratio | 1.20% | 0.06%Best |
| AUM | $19M | $112.2B |
| Dividend Yield | 3.74% | 3.13% |
| Holdings | 62 | 103 |
| YTD Return | +16.66% | +27.56%Best |
| 1Y Return | +12.44% | +30.29%Best |
| 3Y Return (annualized) | +5.63% | +16.37%Best |
| 5Y Return (annualized) | +6.68% | +10.23%Best |
| Volatility (annualized) | 15.1% | 14.5%Best |
| Max Drawdown | -16.0%Best | -16.9% |
| $10,000 over 5 years | $13,817 | $16,274Best |
| Fund Family | Leatherback Asset Management | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Long-Short Strategy | Large Cap Value |
| Inception | Nov 16, 2020 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 17, 2020 to Sep 4, 2026 (5.8 years).
LBAY vs SCHD 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 5.8 years both funds cover.
LBAY vs SCHD Performance
Leatherback Long/Short Alternative Yield ETF (LBAY) is an ETF from Leatherback Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year LBAY returned +12.44% while SCHD returned +30.29%. Year to date, LBAY is up 16.66% versus a gain of 27.56% for SCHD.
Over three years, LBAY compounded at +5.63% per year against +16.37% for SCHD; over five years the annualized figures are +6.68% and +10.23% respectively. Across the full 6-year window we track, SCHD has the edge at +12.87% annualized vs +9.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBAY has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.5% for SCHD. 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 -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LBAY charges 1.20% per year while SCHD charges 0.06%. On a $10,000 position that is $120 vs $6 annually, a gap of $114 per year that compounds over a long holding period. On income, LBAY currently yields 3.74% against 3.13% for SCHD.
Holdings Overlap
At least 5.5% of SCHD's money is in holdings LBAY also owns.
Only one direction is shown: for LBAY, our book for it lists positions totalling 134.1% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
SCHD and LBAY share little of their money.
4 positions in common, counted across the 58 positions we hold weights for in LBAY and 100 in SCHD, against full books of 62 and 103.
You are not choosing between two funds in isolation.
Whichever of LBAY and SCHD 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 SCHD?
LBAY has an expense ratio of 1.20% while SCHD charges 0.06%. SCHD is the cheaper option, by $114 a year on a $10,000 investment.
Which performed better, LBAY or SCHD?
Over the past year LBAY returned +12.44% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), LBAY annualized +9.12% vs +12.87% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LBAY or SCHD?
LBAY has been the more volatile fund at 15.1% annualized versus 14.5% for SCHD. Worst drawdown: LBAY -16.0% vs SCHD -16.9%.
Should I hold both LBAY and SCHD?
LBAY and SCHD have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LBAY and SCHD?
At least 5.5% of SCHD's money is in holdings LBAY also owns. Our book for LBAY is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 58 positions we hold weights for in LBAY and 100 in SCHD.
Which pays a higher dividend, LBAY or SCHD?
LBAY yields 3.74% while SCHD yields 3.13%, so LBAY currently pays the higher dividend yield.
Is SCHD better than LBAY?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.