FMCE vs LBAY
FM Compounders Equity ETF against Leatherback Long/Short Alternative Yield ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
17%
5 shared positions
Fee gap
49 bp
FMCE is cheaper
1-year return gap
5.6 pts
FMCE is ahead
Larger fund
FMCE
$70M
Side by side
| FMCE | LBAY | |
|---|---|---|
| Fund | FM Compounders Equity ETF | Leatherback Long/Short Alternative Yield ETF |
| Issuer | FM | Leatherback |
| Category | Quality | Long/Short & Market Neutral |
| Expense ratio | 0.71% | 1.20% |
| Assets | $70M | $17M |
| Average daily dollar volume | $2K | $44K |
| Listed | Nov 8, 2024 | Nov 16, 2020 |
| FrenzyCap score | 19 | 25 |
| 1-month return | +2.4% | −5.5% |
| 3-month return | +2.1% | −0.1% |
| Year to date | +10.3% | +5.1% |
| 1-year return | +6.7% | +1.1% |
| 30-day volatility | 10.0% | 14.9% |
| Worst drawdown, 1 year | −11.1% | −14.7% |
| Trailing 12-month yield | 2.80% | 3.95% |
| Holdings | 31 | 62 |
| Top 10 weight | 44.2% | 47.3% |
| Look-through P/E | 22.5 | 18.8 |
| Holdings vs fair value | +6.0% | +15.0% |
| Holdings above 200-day average | 66% | 53% |
| Net flow, latest 3 reported months | +$336K thru May 2026 | −$625K thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 31, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
17% of FMCE · 20% of LBAY
Sector mix of the stock holdings
| Sector | FMCE | LBAY | Gap |
|---|---|---|---|
| Industrials | 28.7% | 19.5% | +9.2% |
| Financials | 14.0% | 14.7% | −0.7% |
| Technology | 25.9% | 0.0% | +25.9% |
| Materials | 2.5% | 20.7% | −18.2% |
| Consumer Staples | 2.2% | 16.2% | −14.0% |
| Energy | 2.3% | 13.4% | −11.1% |
| Consumer Discretionary | 8.1% | 4.9% | +3.2% |
| Health Care | 2.7% | 9.9% | −7.2% |
| Utilities | 0.0% | 8.4% | −8.4% |
| Real Estate | 0.0% | 3.3% | −3.3% |
More: full overlap table · FMCE holdings · LBAY holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.