CLIX vs. LSEQ

Last updated Aug 2, 2026

CLIX (ProShares Long Online/Short Stores ETF) and LSEQ (Harbor Long-Short Equity ETF) are both Long-Short funds. CLIX is passively managed, while LSEQ is actively managed. Over the past year, CLIX returned 12.03% vs 25.08% for LSEQ. Their 0.10 correlation means their historical movements had little consistent relationship. CLIX charges 0.65%/yr vs 1.70%/yr for LSEQ.

Performance

CLIX vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Long Online/Short Stores ETF (CLIX) and Harbor Long-Short Equity ETF (LSEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLIX achieves a -0.57% return, which is significantly lower than LSEQ's 23.37% return.

CLIX

• 1D: 4.48%
• 1M: 6.07%
• 6M: 1.59%
• YTD: -0.57%
• 1Y: 12.03%
• 3Y*: 16.69%
• 5Y*: -4.13%
• 10Y*: —
• ALL TIME*: 4.99%

LSEQ

• 1D: -0.95%
• 1M: -1.02%
• 6M: 12.72%
• YTD: 23.37%
• 1Y: 25.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLIX ProShares Long Online/Short Stores ETF	$28.27K	$42.87K	$29.25K
LSEQ Harbor Long-Short Equity ETF	$52.86K	$48.61K	$59.18K

CLIX vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CLIX ProShares Long Online/Short Stores ETF	-0.57%	32.81%	20.73%	3.64%
LSEQ Harbor Long-Short Equity ETF	23.37%	4.13%	12.80%	-1.20%

Correlation

The correlation between CLIX and LSEQ is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (All Time) Calculated using the full available price history since Dec 4, 2023	0.10

Return for Risk

CLIX vs. LSEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLIX

CLIX Risk / Return Rank: 18
CLIX Sharpe Ratio Rank: 19
CLIX Sortino Ratio Rank: 19
CLIX Omega Ratio Rank: 18
CLIX Calmar Ratio Rank: 18
CLIX Martin Ratio Rank: 18

LSEQ

LSEQ Risk / Return Rank: 70
LSEQ Sharpe Ratio Rank: 64
LSEQ Sortino Ratio Rank: 64
LSEQ Omega Ratio Rank: 61
LSEQ Calmar Ratio Rank: 86
LSEQ Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLIX vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and Harbor Long-Short Equity ETF (LSEQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CLIX	LSEQ	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.50	-1.15
Sortino ratio: Return per unit of downside risk	0.63	2.12	-1.49
Omega ratio: Gain probability vs. loss probability	1.07	1.27	-0.19
Calmar ratio: Return relative to maximum drawdown	0.40	3.35	-2.96
Martin ratio: Return relative to average drawdown	0.95	9.27	-8.31

CLIX vs. LSEQ - Sharpe Ratio Comparison

The current CLIX Sharpe Ratio is 0.35, which is lower than the LSEQ Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CLIX and LSEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLIX vs. LSEQ - Drawdown Comparison

The maximum CLIX drawdown since its inception was -73.21%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for CLIX and LSEQ.

Drawdown Indicators

	CLIX	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-73.21%	-8.35%	-64.86%
Max Drawdown (1Y) Largest decline over 1 year	-19.57%	-7.59%	-11.98%
Max Drawdown (3Y) Largest decline over 3 years	-21.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.54%	—	—
Current Drawdown Current decline from peak	-41.26%	-5.53%	-35.73%
Average Drawdown Average peak-to-trough decline	-34.86%	-3.23%	-31.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.15%	2.74%	+5.41%

Volatility

CLIX vs. LSEQ - Volatility Comparison

ProShares Long Online/Short Stores ETF (CLIX) and Harbor Long-Short Equity ETF (LSEQ) have volatilities of 6.82% and 6.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLIX	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	6.77%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	17.43%	14.61%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.42%	17.01%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.87%	14.90%	+11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.89%	14.90%	+10.99%

CLIX vs. LSEQ - Expense Ratio Comparison

CLIX has a 0.65% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

CLIX vs. LSEQ - Dividend Comparison

CLIX's dividend yield for the trailing twelve months is around 0.53%, less than LSEQ's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CLIX ProShares Long Online/Short Stores ETF	0.53%	0.46%	0.46%	0.00%	0.00%	0.00%	1.33%
LSEQ Harbor Long-Short Equity ETF	1.78%	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLIX and LSEQ in my portfolio?

CLIX and LSEQ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLIX or LSEQ?

CLIX has higher volatility (6.82%) compared to LSEQ (6.77%). In terms of maximum drawdown, CLIX dropped -73.21% vs LSEQ's -8.35%.

Which ETF is better, CLIX or LSEQ?

On 1-year performance, LSEQ leads with 25.08% vs 12.03% for CLIX. On fees, CLIX is cheaper at 0.65% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLIX or LSEQ?

Over the 1-year period, LSEQ has performed better with a 25.08% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLIX or LSEQ?

CLIX is cheaper with a 0.65% expense ratio, compared with 1.70% for LSEQ.

Which ETF pays a higher dividend yield, CLIX or LSEQ?

LSEQ has the higher dividend yield at 1.78%, compared with 0.53% for CLIX.

What is the main difference between CLIX and LSEQ?

They also come from different issuers: ProShares and Harbor. Their fees differ too: 0.65% for CLIX and 1.70% for LSEQ.

Which has better risk-adjusted returns?

LSEQ currently has the higher Sharpe Ratio (1.50 vs 0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.