LBAY vs VTI
Leatherback Long/Short Alternative Yield ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | LBAY | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.20% | 0.03% | |
| AUM | $18M | $666.9B | |
| Dividend Yield | 3.74% | 1.07% | |
| Holdings | 62 | 3,543 | |
| YTD Return | +12.25% | +14.82% | |
| 1Y Return | +10.62% | +22.43% | |
| 3Y Return (annualized) | +3.58% | +21.93% | |
| 5Y Return (annualized) | +5.55% | +12.34% | |
| Volatility (annualized) | 15.1% | 15.4% | |
| Max Drawdown | -16.0% | -56.6% | |
| Fund Family | Leatherback Asset Management | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 16, 2020 | May 24, 2001 |
LBAY vs VTI Performance
Leatherback Long/Short Alternative Yield ETF (LBAY) is a ETF from Leatherback Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year LBAY returned +10.62% while VTI returned +22.43%. Year to date, LBAY is up 12.25% versus a gain of 14.82% for VTI.
Over three years, LBAY compounded at +3.58% per year against +21.93% for VTI; over five years the annualized figures are +5.55% and +12.34% respectively. Across the full 6-year window we track, LBAY has the edge at +8.49% annualized vs +8.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 15.1% for LBAY. 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 -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LBAY charges 1.20% per year while VTI charges 0.03%. On a $10,000 position that is $120 vs $3 annually, a gap of $117 per year that compounds over a long holding period. On income, LBAY currently yields 3.74% against 1.07% for VTI.
Holdings Overlap
LBAY and VTI share 46 holdings out of 2799 unique holdings combined, representing a 5.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LBAY or VTI?
LBAY has an expense ratio of 1.20% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $117 per year of difference.
Which performed better, LBAY or VTI?
Over the past year LBAY returned +10.62% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (6 years), LBAY annualized +8.49% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, LBAY or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 15.1% for LBAY. Worst drawdown: LBAY -16.0% vs VTI -56.6%.
Should I hold both LBAY and VTI?
LBAY and VTI have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LBAY and VTI?
LBAY and VTI share 46 common holdings with a 5.2% weight overlap. Combined, they hold 2799 unique securities.
Which pays a higher dividend, LBAY or VTI?
LBAY yields 3.74% while VTI yields 1.07%, so LBAY currently pays the higher dividend yield.
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