KAT vs LBAY
Scharf 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
14%
5 shared positions
Fee gap
45 bp
KAT is cheaper
1-year return gap
1.2 pts
KAT is ahead
Larger fund
KAT
$651M
Side by side
| KAT | LBAY | |
|---|---|---|
| Fund | Scharf ETF | Leatherback Long/Short Alternative Yield ETF |
| Issuer | Scharf | Leatherback |
| Category | Large Cap Blend | Long/Short & Market Neutral |
| Expense ratio | 0.75% | 1.20% |
| Assets | $651M | $17M |
| Average daily dollar volume | $845K | $44K |
| Listed | Dec 30, 2011 | Nov 16, 2020 |
| FrenzyCap score | 38 | 25 |
| 1-month return | +1.0% | −5.5% |
| 3-month return | +3.6% | −0.1% |
| Year to date | +5.4% | +5.1% |
| 1-year return | +2.2% | +1.1% |
| 30-day volatility | 11.1% | 14.9% |
| Worst drawdown, 1 year | −9.3% | −14.7% |
| Trailing 12-month yield | 0.52% | 3.95% |
| Holdings | 34 | 62 |
| Top 10 weight | 46.0% | 47.3% |
| Look-through P/E | 24.0 | 18.8 |
| Holdings vs fair value | +12.7% | +15.0% |
| Holdings above 200-day average | 64% | 53% |
| Net flow, latest 3 reported months | −$30M thru Jun 2026 | −$625K thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 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
16% of KAT · 18% of LBAY
Sector mix of the stock holdings
| Sector | KAT | LBAY | Gap |
|---|---|---|---|
| Industrials | 14.9% | 19.5% | −4.6% |
| Health Care | 16.3% | 9.9% | +6.4% |
| Financials | 10.4% | 14.7% | −4.3% |
| Materials | 2.9% | 20.7% | −17.8% |
| Energy | 5.5% | 13.4% | −7.9% |
| Consumer Staples | 2.0% | 16.2% | −14.2% |
| Technology | 16.4% | 0.0% | +16.4% |
| Consumer Discretionary | 7.8% | 4.9% | +3.0% |
| Utilities | 0.0% | 8.4% | −8.4% |
| Real Estate | 4.3% | 3.3% | +1.0% |
| Other | 2.7% | 0.0% | +2.7% |
More: full overlap table · KAT 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.