EBIT vs. EPSV

Last updated Aug 2, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and EPSV (Harbor SMID Cap Value ETF) are both Small Cap Value Equities funds from Harbor. EBIT is passively managed, while EPSV is actively managed. Over the past year, EBIT returned 32.33% vs 41.16% for EPSV. Their correlation of 0.86 means they have usually moved in the same direction. EBIT charges 0.29%/yr vs 0.88%/yr for EPSV.

Performance

EBIT vs. EPSV - Performance Comparison

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

Returns By Period

In the year-to-date period, EBIT achieves a 18.92% return, which is significantly lower than EPSV's 27.25% return.

EBIT

• 1D: -0.17%
• 1M: 0.56%
• 6M: 12.95%
• YTD: 18.92%
• 1Y: 32.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.17%

EPSV

• 1D: 0.12%
• 1M: -0.87%
• 6M: 18.90%
• YTD: 27.25%
• 1Y: 41.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 42.51%

*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)
EBIT Harbor AlphaEdge Small Cap Earners ETF	$44.42K	$33.07K	$33.60K
EPSV Harbor SMID Cap Value ETF	$45.40K	$25.55K	$26.10K

EBIT vs. EPSV - Yearly Performance Comparison

	2026 (YTD)	2025
EBIT Harbor AlphaEdge Small Cap Earners ETF	18.92%	18.67%
EPSV Harbor SMID Cap Value ETF	27.25%	22.17%

Correlation

The correlation between EBIT and EPSV is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.86

The correlation between EBIT and EPSV has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

EBIT vs. EPSV - Sectors Allocation Comparison

Sectors	EBIT	EPSV
Financial Services	26.2%	17.7%
Consumer Cyclical	15.1%	6.9%
Industrials	14.7%	26.9%
Energy	10.6%	4.3%
Real Estate	7.7%	8.6%
Technology	7.5%	20.7%
Healthcare	4.6%	2.7%
Basic Materials	4.2%	5.2%
Communication Services	3.8%	-
Consumer Defensive	2.9%	3.7%
Utilities	2.8%	3.2%

Return for Risk

EBIT vs. EPSV — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 82
EBIT Sharpe Ratio Rank: 79
EBIT Sortino Ratio Rank: 83
EBIT Omega Ratio Rank: 77
EBIT Calmar Ratio Rank: 88
EBIT Martin Ratio Rank: 82

EPSV

EPSV Risk / Return Rank: 89
EPSV Sharpe Ratio Rank: 88
EPSV Sortino Ratio Rank: 89
EPSV Omega Ratio Rank: 85
EPSV Calmar Ratio Rank: 93
EPSV Martin Ratio Rank: 91

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.

EBIT vs. EPSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Harbor SMID Cap Value ETF (EPSV). 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	EPSV	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.15	-0.34
Sortino ratio: Return per unit of downside risk	2.75	3.07	-0.32
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	3.58	4.35	-0.77
Martin ratio: Return relative to average drawdown	10.93	14.84	-3.91

EBIT vs. EPSV - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.81, which is comparable to the EPSV Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of EBIT and EPSV, 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. EPSV - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, which is greater than EPSV's maximum drawdown of -8.93%. Use the drawdown chart below to compare losses from any high point for EBIT and EPSV.

Drawdown Indicators

	EBIT	EPSV	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-8.93%	-17.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.93%	+0.59%
Current Drawdown Current decline from peak	-1.12%	-3.18%	+2.06%
Average Drawdown Average peak-to-trough decline	-6.10%	-1.69%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.62%	+0.11%

Volatility

EBIT vs. EPSV - Volatility Comparison

The current volatility for Harbor AlphaEdge Small Cap Earners ETF (EBIT) is 3.04%, while Harbor SMID Cap Value ETF (EPSV) has a volatility of 4.47%. This indicates that EBIT experiences smaller price fluctuations and is considered to be less risky than EPSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT	EPSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	4.47%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	13.16%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	18.10%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	18.03%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	18.03%	+2.65%

EBIT vs. EPSV - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than EPSV's 0.88% expense ratio.

Dividends

EBIT vs. EPSV - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.68%, less than EPSV's 2.26% yield.

Position	TTM	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.68%	2.00%	2.40%
EPSV Harbor SMID Cap Value ETF	2.26%	2.88%	0.00%

Frequently Asked Questions

Can I hold both EBIT and EPSV in my portfolio?

EBIT and EPSV have a correlation of 0.84, 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 EPSV?

EPSV has higher volatility (4.47%) compared to EBIT (3.04%). In terms of maximum drawdown, EBIT dropped -26.64% vs EPSV's -8.93%.

Which ETF is better, EBIT or EPSV?

On 1-year performance, EPSV leads with 41.16% vs 32.33% for EBIT. On fees, EBIT is cheaper at 0.29% per year. On volatility, EBIT has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or EPSV?

Over the 1-year period, EPSV has performed better with a 41.16% return vs 32.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or EPSV?

EBIT is cheaper with a 0.29% expense ratio, compared with 0.88% for EPSV.

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

EPSV has the higher dividend yield at 2.26%, compared with 1.68% for EBIT.

What is the main difference between EBIT and EPSV?

Their fees differ too: 0.29% for EBIT and 0.88% for EPSV.

Which has better risk-adjusted returns?

EPSV currently has the higher Sharpe Ratio (2.15 vs 1.81), 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.