EBIT vs. WINN

Last updated Jun 4, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and WINN (Harbor Long-Term Growers ETF) are both exchange-traded funds - EBIT is a Small Cap Value Equities fund tracking the Harbor AlphaEdge Small Cap Earners Index, while WINN is a Large Cap Growth Equities fund actively managed by Harbor. EBIT is passively managed, while WINN is actively managed. Over the past year, EBIT returned 26.62% vs 20.20% for WINN. At a 0.48 correlation, their price movements are largely independent. EBIT charges 0.29%/yr vs 0.57%/yr for WINN.

Performance

EBIT vs. WINN - Performance Comparison

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

Returns By Period

In the year-to-date period, EBIT achieves a 12.09% return, which is significantly higher than WINN's 7.32% return.

EBIT

• 1D: -1.12%
• 1M: 0.30%
• YTD: 12.09%
• 6M: 10.33%
• 1Y: 26.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WINN

• 1D: -1.18%
• 1M: 5.43%
• YTD: 7.32%
• 6M: 5.90%
• 1Y: 20.20%
• 3Y*: 23.44%
• 5Y*: —
• 10Y*: —

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

EBIT vs. WINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	12.09%	6.85%	8.29%
WINN Harbor Long-Term Growers ETF	7.32%	14.31%	3.15%

Correlation

The correlation between EBIT and WINN is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.48

EBIT vs. WINN - Sectors Allocation Comparison

Sectors	EBIT	WINN
Financial Services	25.5%	5.1%
Consumer Cyclical	14.4%	13.3%
Industrials	13.3%	4.9%
Energy	11.7%	-
Technology	7.7%	49.2%
Real Estate	7.2%	0.4%
Healthcare	4.2%	6.8%
Communication Services	3.7%	15.9%
Basic Materials	3.6%	-
Utilities	3.4%	1.4%
Consumer Defensive	3.2%	2.9%

Return for Risk

EBIT vs. WINN — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 52
EBIT Sharpe Ratio Rank: 45
EBIT Sortino Ratio Rank: 49
EBIT Omega Ratio Rank: 45
EBIT Calmar Ratio Rank: 65
EBIT Martin Ratio Rank: 54

WINN

WINN Risk / Return Rank: 31
WINN Sharpe Ratio Rank: 35
WINN Sortino Ratio Rank: 33
WINN Omega Ratio Rank: 34
WINN Calmar Ratio Rank: 24
WINN Martin Ratio Rank: 26

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. WINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Harbor Long-Term Growers ETF (WINN). 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.

	EBIT	WINN	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.26	+0.31
Sortino ratio: Return per unit of downside risk	2.37	1.77	+0.59
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	3.21	1.12	+2.08
Martin ratio: Return relative to average drawdown	9.20	3.51	+5.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIT vs. WINN - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.57, which is comparable to the WINN Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of EBIT and WINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBIT	WINN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.26	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.62	+0.08

Drawdowns

EBIT vs. WINN - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum WINN drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for EBIT and WINN.

Drawdown Indicators

	EBIT	WINN	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-32.07%	+5.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-18.06%	+9.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.66%	—
Current Drawdown Current decline from peak	-1.34%	-1.85%	+0.51%
Average Drawdown Average peak-to-trough decline	-6.55%	-9.09%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	5.78%	-2.88%

Volatility

EBIT vs. WINN - Volatility Comparison

Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Harbor Long-Term Growers ETF (WINN) have volatilities of 3.99% and 4.00%, 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	WINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	4.00%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	12.24%	-1.53%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	16.12%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	23.74%	-2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.24%	23.74%	-2.50%

EBIT vs. WINN - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than WINN's 0.57% expense ratio.

Dividends

EBIT vs. WINN - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.78%, while WINN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.78%	2.00%	2.40%	0.00%	0.00%
WINN Harbor Long-Term Growers ETF	0.00%	0.00%	0.00%	0.06%	0.06%

Frequently Asked Questions

Can I hold both EBIT and WINN in my portfolio?

EBIT and WINN have a correlation of 0.44, 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 WINN?

WINN has higher volatility (4.00%) compared to EBIT (3.99%). In terms of maximum drawdown, EBIT dropped -26.64% vs WINN's -32.07%.

Which ETF is better, EBIT or WINN?

On 1-year performance, EBIT leads with 26.62% vs 20.20% for WINN. On fees, EBIT is cheaper at 0.29% 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, EBIT or WINN?

Over the 1-year period, EBIT has performed better with a 26.62% return vs 20.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or WINN?

EBIT is cheaper with a 0.29% expense ratio, compared with 0.57% for WINN.

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

EBIT has the higher dividend yield at 1.78%, compared with 0.00% for WINN.

What is the main difference between EBIT and WINN?

EBIT is categorized as Small Cap Value Equities, while WINN is Large Cap Growth Equities. Their fees differ too: 0.29% for EBIT and 0.57% for WINN.

Which has better risk-adjusted returns?

EBIT currently has the higher Sharpe Ratio (1.57 vs 1.26), 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.