LBAY vs NANR
Leatherback Long/Short Alternative Yield ETF against State Street SPDR S&P North American Natural Resources ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
14%
10 shared positions
Fee gap
85 bp
NANR is cheaper
1-year return gap
29.6 pts
NANR is ahead
Larger fund
NANR
$841M
Side by side
| LBAY | NANR | |
|---|---|---|
| Fund | Leatherback Long/Short Alternative Yield ETF | State Street SPDR S&P North American Natural Resources ETF |
| Issuer | Leatherback | State Street SPDR |
| Category | Long/Short & Market Neutral | Natural Resources & Agriculture |
| Expense ratio | 1.20% | 0.35% |
| Assets | $18M | $841M |
| Average daily dollar volume | $44K | $2.1M |
| Listed | Nov 16, 2020 | Dec 15, 2015 |
| FrenzyCap score | 25 | 70 |
| 1-month return | +2.8% | +0.8% |
| 3-month return | +2.6% | +9.7% |
| Year to date | +10.5% | +30.1% |
| 1-year return | +6.4% | +36.0% |
| 30-day volatility | 16.9% | 17.4% |
| Worst drawdown, 1 year | −14.7% | −12.9% |
| Trailing 12-month yield | 3.74% | 1.60% |
| Holdings | 62 | 204 |
| Top 10 weight | 47.3% | 41.2% |
| Look-through P/E | 19.6 | 22.8 |
| Holdings vs fair value | +17.6% | +21.3% |
| Holdings above 200-day average | 54% | 72% |
| Net flow, latest 3 reported months | −$625K thru May 2026 | +$16M thru Jun 2026 |
| 30-day implied volatility | — | 26.6% |
| Holdings as of | as of May 31, 2026SEC filing | as of Oct 20, 2026issuer data |
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
39% of LBAY · 22% of NANR
Sector mix of the stock holdings
| Sector | LBAY | NANR | Gap |
|---|---|---|---|
| Energy | 13.4% | 43.5% | −30.1% |
| Materials | 20.7% | 31.7% | −11.0% |
| Consumer Staples | 16.2% | 7.8% | +8.4% |
| Industrials | 19.5% | 2.8% | +16.7% |
| Financials | 12.6% | 1.1% | +11.6% |
| Health Care | 9.9% | 0.0% | +9.9% |
| Utilities | 8.4% | 0.3% | +8.1% |
| Consumer Discretionary | 4.9% | 1.3% | +3.6% |
| Real Estate | 3.3% | 1.2% | +2.2% |
More: full overlap table · LBAY holdings · NANR 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.