LBAYvsHCMTETF Comparison
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Leatherback Long/Short Alternative Yield ETF (LBAY) and Direxion HCM Tactical Enhanced US ETF (HCMT) belong to the same industry segment: Alternatives. LBAY is more expensive with a Total Expense Ratio (TER) of 1.2%, versus 1.18% for HCMT. LBAY is up 14.97% year-to-date (YTD) with -$7M in YTD flows. HCMT performs worse with 5.49% YTD performance, and -$26M in YTD flows. Run a side-by-side ETF comparison of LBAY and HCMT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LBAY vs HCMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LBAY HCMT | +2.03%+1.36% | +5.38%+1.43% | +14.97%+5.49% | +14.59%+9.51% | +20.15%+69.06% | +36.89%n/a |
| Flows | LBAY HCMT | -$667K-$4M | -$1M-$15M | -$7M-$26M | -$8M-$29M | -$47M+$226M | +$18M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LBAY HCMT | +17.23%+29.36% | +17.87%+28.55% | +14.45%+29.46% | +14.10%n/a |
| Max drawdown | LBAY HCMT | -12.62%-9.39% | -13.57%-15.61% | -14.73%-36.18% | -16.53%n/a |
| Max drawdown duration | LBAY HCMT | 53d13d | 179d108d | 470d246d | 1122dn/a |
Trading data
LBAY | HCMT | |
Last sale 10/16/2026 at 1:30 PM | $27.06 | $40.53 |
| Previous close 10/15/2026 | $26.47 | $42.07 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
LBAY | HCMT | |
|---|---|---|
| Last price | $27.06 | $40.53 |
| 1D performance | +2.21% | -3.66% |
| AuM | $17.60 M | $582.07 M |
| E/R | 1.2% | 1.18% |
Characteristics
LBAY | HCMT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Leatherback Asset Management | Direxion |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 16, 2020 | June 22, 2023 |
| ESG | No | No |
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Exposure
Countries
LBAY
Data will be available soon
HCMT
Data will be available soon
Sectors
LBAY
Data will be available soon
HCMT
Data will be available soon
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Diversification
LBAY
Data will be available soon
HCMT
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
LBAY
Data will be available soon
HCMT
Data will be available soon
Frequently asked questions about LBAY and HCMT
How have the LBAY and HCMT ETFs performed in 2026?
As of October 16, 2026, LBAY is up 14.97% year-to-date (YTD), while HCMT has returned 5.49%. That puts LBAY better performer ahead so far this year.
Which ETF is attracting more investor money: LBAY or HCMT?
Year-to-date, the LBAY ETF saw -$7M in flows, compared to -$26M for HCMT.
Which ETF is more volatile: LBAY or HCMT?
Over the past year, LBAY had a volatility of 17.87%, while HCMT experienced 28.55%.
Which ETF is bigger: LBAY or HCMT?
As of October 16, 2026, LBAY holds $17.60 M in assets under management (AUM), while HCMT manages $582.07 M.
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Latest news about LBAY & HCMT
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