EBIT vs. ECML

Last updated Jun 23, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and ECML (EA Series Trust - Euclidean Fundamental Value ETF) are both Small Cap Value Equities funds. EBIT is passively managed, while ECML is actively managed. Over the past year, EBIT returned 30.02% vs 28.34% for ECML. Their correlation of 0.88 suggests significant overlap in exposure. EBIT charges 0.29%/yr vs 0.95%/yr for ECML.

Performance

EBIT vs. ECML - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Small Cap Earners ETF (EBIT) and EA Series Trust - Euclidean Fundamental Value ETF (ECML). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIT achieves a 16.62% return, which is significantly higher than ECML's 14.84% return.

EBIT

• 1D: 0.49%
• 1M: 4.52%
• YTD: 16.62%
• 6M: 14.65%
• 1Y: 30.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECML

• 1D: 0.35%
• 1M: 1.19%
• YTD: 14.84%
• 6M: 13.24%
• 1Y: 28.34%
• 3Y*: 14.43%
• 5Y*: —
• 10Y*: —

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

EBIT vs. ECML - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	16.62%	6.85%	9.01%
ECML EA Series Trust - Euclidean Fundamental Value ETF	14.84%	6.82%	3.26%

Correlation

The correlation between EBIT and ECML is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	0.88

The correlation between EBIT and ECML has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

EBIT vs. ECML - Sectors Allocation Comparison

Sectors	EBIT	ECML
Financial Services	25.8%	-
Consumer Cyclical	14.4%	23.1%
Industrials	14.2%	14.8%
Energy	11.9%	12.2%
Real Estate	7.7%	-
Technology	7.7%	4.5%
Basic Materials	4.4%	11.7%
Healthcare	4.4%	17.6%
Communication Services	3.6%	3.8%
Consumer Defensive	3.1%	12.3%
Utilities	2.9%	1.4%

Return for Risk

EBIT vs. ECML — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBIT

EBIT Risk / Return Rank: 59
EBIT Sharpe Ratio Rank: 52
EBIT Sortino Ratio Rank: 56
EBIT Omega Ratio Rank: 50
EBIT Calmar Ratio Rank: 74
EBIT Martin Ratio Rank: 60

ECML

ECML Risk / Return Rank: 65
ECML Sharpe Ratio Rank: 60
ECML Sortino Ratio Rank: 66
ECML Omega Ratio Rank: 55
ECML Calmar Ratio Rank: 80
ECML Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBIT vs. ECML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) and EA Series Trust - Euclidean Fundamental Value ETF (ECML). 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.

	EBIT	ECML	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.93	-0.18
Sortino ratio: Return per unit of downside risk	2.61	2.93	-0.31
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	3.62	4.06	-0.45
Martin ratio: Return relative to average drawdown	10.37	11.61	-1.24

EBIT vs. ECML - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.75, which is comparable to the ECML Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of EBIT and ECML, 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

EBIT vs. ECML - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, which is greater than ECML's maximum drawdown of -24.66%. Use the drawdown chart below to compare losses from any high point for EBIT and ECML.

Drawdown Indicators

	EBIT	ECML	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-24.66%	-1.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.01%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.66%	—
Current Drawdown Current decline from peak	-0.71%	-2.06%	+1.35%
Average Drawdown Average peak-to-trough decline	-6.39%	-5.80%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.45%	+0.45%

Volatility

EBIT vs. ECML - Volatility Comparison

Harbor AlphaEdge Small Cap Earners ETF (EBIT) and EA Series Trust - Euclidean Fundamental Value ETF (ECML) have volatilities of 4.13% and 4.01%, 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

	EBIT	ECML	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.01%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	9.68%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	14.79%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	18.34%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	18.34%	+2.78%

EBIT vs. ECML - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than ECML's 0.95% expense ratio.

Dividends

EBIT vs. ECML - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.71%, more than ECML's 1.20% yield.

Position	TTM	2025	2024	2023
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.71%	2.00%	2.40%	0.00%
ECML EA Series Trust - Euclidean Fundamental Value ETF	1.20%	1.38%	0.98%	0.77%

Frequently Asked Questions

Can I hold both EBIT and ECML in my portfolio?

EBIT and ECML have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIT or ECML?

EBIT has higher volatility (4.13%) compared to ECML (4.01%). In terms of maximum drawdown, EBIT dropped -26.64% vs ECML's -24.66%.

Which ETF is better, EBIT or ECML?

On 1-year performance, EBIT leads with 30.02% vs 28.34% for ECML. On fees, EBIT is cheaper at 0.29% per year. On volatility, ECML has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or ECML?

Over the 1-year period, EBIT has performed better with a 30.02% return vs 28.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or ECML?

EBIT is cheaper with a 0.29% expense ratio, compared with 0.95% for ECML.

Which ETF pays a higher dividend yield, EBIT or ECML?

EBIT has the higher dividend yield at 1.71%, compared with 1.20% for ECML.

What is the main difference between EBIT and ECML?

They also come from different issuers: Harbor and Euclidean. Their fees differ too: 0.29% for EBIT and 0.95% for ECML.

Which has better risk-adjusted returns?

ECML currently has the higher Sharpe Ratio (1.93 vs 1.75), 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.