Tidal ETF Trust - Leatherback Long/Short Alternative Yield ETF (LBAY)

Overview

The Leatherback Long/Short Alternative Yield ETF (LBAY) is an actively managed ETF that seeks to generate income and capital appreciation by investing in a portfolio of long and short positions across various asset classes. The ETF focuses on alternative strategies, including credit, real estate, and other non-traditional investments, aiming for a diversified and risk-managed approach.

Reputation and Reliability

Tidal ETF Trust is a relatively newer issuer in the ETF market, which may limit the readily available long-term track record compared to established firms. However, it has partnered with experienced asset managers.

Management Expertise

The ETF's performance is heavily reliant on the expertise of the portfolio management team responsible for implementing the long/short strategy and navigating various market conditions.

Goal

To provide current income and long-term capital appreciation by utilizing a long/short alternative investment strategy.

Investment Approach and Strategy

Strategy: The ETF employs an active investment strategy, taking both long and short positions in various asset classes to generate returns and manage risk. It does not track a specific index.

Composition The ETF's portfolio includes a mix of securities, including debt instruments, equity securities, real estate-related investments, and derivatives, which could be adjusted based on market conditions and management's outlook.

Market Share: The ETF's market share is expected to be small given the specialized strategy and the presence of many established players.

Total Net Assets (AUM): Data unavailable.

Key Competitors

• AGFiQ US Market Neutral Anti-Beta Fund (BTAL)
• Simplify US Equity PLUS Downside Convexity ETF (SPD)
• ProShares Hedged FTSE Europe ETF (HGEU)

Competitive Landscape

The alternative yield ETF market is competitive, with several established players offering various strategies. LBAY differentiates itself through its specific long/short approach and asset allocation. The advantages may include the potential for higher returns and lower volatility compared to traditional investments, while disadvantages may involve higher fees, complexity, and reliance on manager skill.

Historical Performance: Data unavailable.

Benchmark Comparison: Data unavailable.

Expense Ratio: 1.35

Average Trading Volume

Data unavailable, but likely to be low given it is a new ETF.

Bid-Ask Spread

Data unavailable, but expect the bid-ask spread to be wider than more liquid ETFs.

Market Environment Factors

Economic indicators, interest rate movements, credit spreads, and overall market volatility significantly affect LBAY. The fund's performance also depends on the manager's ability to correctly anticipate and react to market changes.

Growth Trajectory

Data unavailable.

Competitive Edge

LBAY's competitive advantage lies in its actively managed long/short strategy, which provides flexibility to navigate various market conditions. The fund's focus on alternative asset classes aims to generate income and capital appreciation while managing risk through diversification and hedging. This approach may attract investors seeking non-correlated returns and downside protection. However, the success of the strategy is heavily reliant on the skill and experience of the management team.

Volatility

Data unavailable.

Market Risk

The ETF is subject to market risk, credit risk, interest rate risk, and counterparty risk. The use of derivatives may amplify these risks and increase the potential for losses. The short positions could expose the fund to unlimited losses if the market moves against them.

Ideal Investor Profile

The ETF is best suited for sophisticated investors with a higher risk tolerance who understand complex investment strategies and seek alternative sources of income and capital appreciation.

Market Risk

LBAY is more appropriate for active traders or those seeking tactical asset allocation rather than passive index followers.

The Leatherback Long/Short Alternative Yield ETF is an actively managed fund that aims to provide income and capital appreciation through a long/short strategy across various asset classes. Its approach is designed to navigate different market conditions, but its success is highly dependent on the expertise of the management team. LBAY is suitable for sophisticated investors with a higher risk tolerance who understand complex investment strategies. It operates in a competitive ETF market with lower market shares relative to larger competitors. Due to its novelty and active management, comprehensive historical performance data is limited.

Data Sources:

• ETF.com
• Morningstar
• Company Fact Sheet
• SEC Filings

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investments in ETFs are subject to risk, including the potential loss of principal.