LBAY Performance — Leatherback Long/Short Alternative Yield ETF
Data updated: 2026-07-29
LBAY returned +5.53% year to date and +8.33% over one year to May 2026. Annualised returns are +4.18% over 3 years and +4.25% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $113, against $165 for the category, and to $108 over one year, against $122. Volatility over the past three years was 14.09% a year. In the 12 months to May 2026 the fund lost a net $14.5M, and assets reached $17.62M.
LBAY Growth of $100
What $100 invested in Leatherback Long/Short Alternative Yield ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | LBAY | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $122 |
| 3 years (Jun 2023 – May 2026) | $113 | $165 |
| 5 years (Jun 2021 – May 2026) | $123 | $164 |
| Since data start (Nov 2020 – May 2026) | $154 | $206 |
LBAY Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.53% |
| 1 year | +8.33% |
| 3 years (annualised) | +4.18% |
| 5 years (annualised) | +4.25% |
LBAY Annual Returns
Calendar-year total returns of Leatherback Long/Short Alternative Yield ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.53% |
| 2025 | +5.69% |
| 2024 | −3.46% |
| 2023 | −8.47% |
| 2022 | +22.39% |
| 2021 | +22.38% |
| 2020 (Nov–Dec) | +4.37% |
LBAY Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.8% | +12.6% | −2.4% | −4.5% | −4.9% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +3.7% | +3.4% | −4.0% | −0.1% | +0.2% | −0.4% | +5.7% | −2.6% | −4.7% | +3.8% | +1.0% |
| 2024 | −0.5% | +1.1% | +4.3% | −3.1% | +2.7% | −2.7% | +4.7% | +3.2% | −0.4% | −3.5% | +0.3% | −8.7% |
| 2023 | +0.6% | −5.4% | −1.4% | +0.6% | −7.6% | +4.9% | +2.4% | −2.4% | −1.4% | −3.1% | +3.3% | +1.7% |
| 2022 | +5.2% | +1.8% | +4.3% | +1.1% | +5.8% | −6.5% | +1.4% | −0.6% | −6.4% | +10.2% | +5.6% | −0.2% |
| 2021 | −1.1% | +3.7% | +7.8% | +4.0% | +4.2% | −5.3% | +0.7% | +2.7% | −1.6% | +0.3% | −4.1% | +10.2% |
| 2020 | — | — | — | — | — | — | — | — | — | — | −0.8% | +5.2% |
LBAY Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.09%
- 3-year Sharpe ratio: -0.02 (vs 4.5% risk-free rate)
- Best month: +12.57% (Feb 2026)
- Worst month: −8.70% (Dec 2024)
LBAY Fund Flows
Monthly money in and out of Leatherback Long/Short Alternative Yield ETF, from SEC Form N-PORT.
- 12-month net flow: −$14.5M
- 12-month gross sales (incl. reinvestments): $2.1M
- Sales ÷ redemptions: 0.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $1.3M | −$1.3M |
| Apr 2026 | $0 | $658K | −$658K |
| Mar 2026 | $1.4M | $0 | $1.4M |
| Feb 2026 | $706K | $2.8M | −$2.1M |
| Jan 2026 | $0 | $2.6M | −$2.6M |
| Dec 2025 | $0 | $1.8M | −$1.8M |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $1.3M | −$1.3M |
| Sep 2025 | $0 | $630K | −$630K |
| Aug 2025 | $0 | $2.5M | −$2.5M |
| Jul 2025 | $0 | $3.1M | −$3.1M |
| Jun 2025 | $0 | $0 | $0 |
LBAY Assets Under Management
Net assets of Leatherback Long/Short Alternative Yield ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $17.62M |
| 2026-02-28 | $20.80M |
| 2025-11-30 | $23.89M |
| 2025-08-31 | $26.93M |
| 2025-05-31 | $31.30M |
| 2025-02-28 | $33.77M |
| 2024-11-30 | $40.57M |
| 2024-08-31 | $42.48M |
| 2024-05-31 | $44.11M |
| 2024-02-29 | $42.82M |
| 2023-11-30 | $60.85M |
| 2023-08-31 | $68.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.