Board/Beta Book/LBAY

LBAY

Leatherback Long/Short Alternative Yield ETF

Leatherback · $16.1m in assets, October 8, 2026

LBAY, the Leatherback Long/Short Alternative Yield ETF ($16 million), sits in StoryVector’s Beta Book: a manager chooses its holdings without a stated theme. It carries no market story, so it is not ranked against one. Over the past year it returned +3.6%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.

LBAY · the ETFFRI OCT 2Market price total return
+7.2% a yearTotal return since launch, November 2020
+3.6%Last 12 months
+5.1%Year to date
14.0%Volatility since launch

Checked, and added to the Beta Book

A manager chooses its holdings without a stated theme.

Mandate
Discretionary →
Last checked
October 6, 2026

We check every ETF against the 22 narratives. This one follows the market, a factor or a manager’s choices rather than a story, so it has no narrative and no Share of Narrative. See the narratives on the board → · See the whole Beta Book →

FRI OCT 2MARKET PRICE TOTAL RETURN

1M3MYTD1Y3Y*5Y*
LBAY−10.4%−2.9%+5.1%+3.6%+2.7%+4.3%
The marketbroad US ETFs+0.8%+2.6%+14.6%+16.8%+22.9%+12.9%

1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on November 17, 2020: +7.2% a year.

$10,000 invested November 30, 2020

LBAY $15,167The market $22,442
$0$10,000$20,000$30,000Nov 2020Nov 2021Nov 2022Nov 2023Nov 2024Nov 2025$0$10,000$20,000$30,000Nov 2020Nov 2022Nov 2024

Year by year

LBAYThe market
-20%-10%0%10%20%30%LBAY 2021: +22.3%The market 2021: +27.1%2021LBAY 2022: +22.4%The market 2022: -19.8%2022LBAY 2023: -8.8%The market 2023: +27.9%2023LBAY 2024: -3.5%The market 2024: +23.1%2024LBAY 2025: +4.1%The market 2025: +16.8%2025LBAY YTD: +5.1%The market YTD: +14.6%YTD-20%-10%0%10%20%30%LBAY 2021: +22.3%The market 2021: +27.1%2021LBAY 2022: +22.4%The market 2022: -19.8%2022LBAY 2023: -8.8%The market 2023: +27.9%2023LBAY 2024: -3.5%The market 2024: +23.1%2024LBAY 2025: +4.1%The market 2025: +16.8%2025LBAY YTD: +5.1%The market YTD: +14.6%YTD

Total return in each calendar year; this year is year to date. A year appears only if LBAY traded for all of it.

Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.

Common questions

Why does LBAY have no story?

A manager chooses its holdings without a stated theme.

How has LBAY performed?

LBAY returned +3.6% over the past year, against +16.8% for broad US ETFs, to October 2, 2026. Past performance only.

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Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →