CNAV vs LSAT
Mohr Company Nav ETF vs LeaderShares AlphaFactor Tactical Focused ETF
Which is better, CNAV or LSAT?
CNAV has been ahead.
LSAT has a lower expense ratio. CNAV led over 1Y and the full window. LSAT is less concentrated, with 39.3% of the fund in its ten largest positions against 40.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CNAV | LSAT |
|---|---|---|
| Expense Ratio | 1.31% | 0.99%Best |
| AUM | $56M | $67M |
| Dividend Yield | 0.00% | 1.57% |
| Holdings | 62 | 32 |
| YTD Return | +37.06%Best | +17.53% |
| 1Y Return | +40.75%Best | +15.54% |
| 3Y Return (annualized) | - | +12.91% |
| 5Y Return (annualized) | - | +7.54% |
| Volatility (annualized) | 31.7% | 12.9%Best |
| Max Drawdown | -30.1% | -18.3%Best |
| $10,000 over 2 years | $17,080Best | $11,317 |
| Top 10 Weight | 40.2% | 39.3%Best |
| Fund Family | Mohr Funds | LeaderShares |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Tactical Allocation | Tactical Allocation |
| Inception | Oct 1, 2024 | Oct 26, 2020 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Oct 13, 2026 (2 years).
CNAV vs LSAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
CNAV vs LSAT Performance
Mohr Company Nav ETF (CNAV) is an ETF from Mohr Funds and LeaderShares AlphaFactor Tactical Focused ETF (LSAT) is an ETF from LeaderShares. Over the past year CNAV returned +40.75% while LSAT returned +15.54%. Year to date, CNAV is up 37.06% versus a gain of 17.53% for LSAT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNAV has been the more volatile fund, with annualized monthly volatility of 31.7% compared with 12.9% for LSAT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.1% for CNAV and -18.3% for LSAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CNAV charges 1.31% per year while LSAT charges 0.99%. On a $10,000 position that is $131 vs $99 annually, a gap of $32 per year that compounds over a long holding period. On income, CNAV currently yields 0.00% against 1.57% for LSAT.
Holdings Overlap
2.6% of CNAV's money is in holdings LSAT also owns. 3.4% of LSAT's money is in holdings CNAV also owns.
LSAT and CNAV share little of their money.
1 positions in common, counted across the 30 positions we hold weights for in CNAV and 30 in LSAT, against full books of 62 and 32.
What only one of them owns
Our book lists 25 positions for LSAT that do not appear in our book for CNAV (83.2% of the fund), and 28 for CNAV that do not appear in LSAT (94.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CNAV | Weight in LSAT | Difference |
|---|---|---|---|
| FTNTFortinet Inc | 2.64% | 3.37% | 0.73% |
You are not choosing between two funds in isolation.
Whichever of CNAV and LSAT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CNAV or LSAT?
CNAV has an expense ratio of 1.31% while LSAT charges 0.99%. LSAT is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, CNAV or LSAT?
Over the past year CNAV returned +40.75% vs +15.54% for LSAT, so CNAV leads on 1-year performance. Over the longest common window we track (2 years), CNAV annualized +30.69% vs +6.38% for LSAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNAV or LSAT?
CNAV has been the more volatile fund at 31.7% annualized versus 12.9% for LSAT. Worst drawdown: CNAV -30.1% vs LSAT -18.3%.
Should I hold both CNAV and LSAT?
CNAV and LSAT have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CNAV and LSAT?
3.4% of LSAT's money is in holdings CNAV also owns. 3.4% of LSAT's is in holdings CNAV also owns. They hold 1 positions in common, counted across the 30 positions we hold weights for in CNAV and 30 in LSAT.
Which pays a higher dividend, CNAV or LSAT?
CNAV yields 0.00% while LSAT yields 1.57%, so LSAT currently pays the higher dividend yield.
Is LSAT better than CNAV?
LSAT has a lower expense ratio. CNAV led over 1Y and the full window. LSAT is less concentrated, with 39.3% of the fund in its ten largest positions against 40.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.