EFFE vs. LSEQ

Last updated Jun 4, 2026

EFFE (Harbor Osmosis Emerging Markets Resource Efficient ETF) and LSEQ (Harbor Long-Short Equity ETF) are both exchange-traded funds - EFFE is a Emerging Markets Diversified fund actively managed by Harbor, while LSEQ is a Long-Short fund actively managed by Harbor. Both are actively managed. Over the past year, EFFE returned 44.45% vs 25.44% for LSEQ. At a 0.30 correlation, their price movements are largely independent. EFFE charges 0.69%/yr vs 1.70%/yr for LSEQ.

Performance

EFFE vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Osmosis Emerging Markets Resource Efficient ETF (EFFE) 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, EFFE achieves a 29.22% return, which is significantly higher than LSEQ's 27.40% return.

EFFE

• 1D: -0.18%
• 1M: 17.03%
• YTD: 29.22%
• 6M: 28.14%
• 1Y: 44.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSEQ

• 1D: 1.12%
• 1M: 4.34%
• YTD: 27.40%
• 6M: 26.84%
• 1Y: 25.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EFFE vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EFFE Harbor Osmosis Emerging Markets Resource Efficient ETF	29.22%	22.42%	-0.84%
LSEQ Harbor Long-Short Equity ETF	27.40%	4.13%	-3.29%

Correlation

The correlation between EFFE and LSEQ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.30

The correlation between EFFE and LSEQ shifts across timeframes, from 0.30 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EFFE vs. LSEQ — Risk / Return Rank

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

EFFE

EFFE Risk / Return Rank: 68
EFFE Sharpe Ratio Rank: 69
EFFE Sortino Ratio Rank: 64
EFFE Omega Ratio Rank: 70
EFFE Calmar Ratio Rank: 66
EFFE Martin Ratio Rank: 69

LSEQ

LSEQ Risk / Return Rank: 54
LSEQ Sharpe Ratio Rank: 49
LSEQ Sortino Ratio Rank: 48
LSEQ Omega Ratio Rank: 49
LSEQ Calmar Ratio Rank: 69
LSEQ Martin Ratio Rank: 55

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.

EFFE vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Osmosis Emerging Markets Resource Efficient ETF (EFFE) 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.

	EFFE	LSEQ	Difference
Sharpe ratio Return per unit of total volatility	2.22	1.70	+0.52
Sortino ratio Return per unit of downside risk	2.96	2.38	+0.57
Omega ratio Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio Return relative to maximum drawdown	3.25	3.45	-0.21
Martin ratio Return relative to average drawdown	12.62	9.40	+3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFFE vs. LSEQ - Sharpe Ratio Comparison

The current EFFE Sharpe Ratio is 2.22, which is higher than the LSEQ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of EFFE 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.

Sharpe Ratios by Period

	EFFE	LSEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	1.70	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	1.19	+0.66

Drawdowns

EFFE vs. LSEQ - Drawdown Comparison

The maximum EFFE drawdown since its inception was -13.75%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for EFFE and LSEQ.

Drawdown Indicators

	EFFE	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.75%	-8.35%	-5.40%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-7.40%	-6.35%
Current Drawdown Current decline from peak	-0.18%	-1.66%	+1.48%
Average Drawdown Average peak-to-trough decline	-1.98%	-3.23%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.78%	+0.75%

Volatility

EFFE vs. LSEQ - Volatility Comparison

Harbor Osmosis Emerging Markets Resource Efficient ETF (EFFE) has a higher volatility of 9.71% compared to Harbor Long-Short Equity ETF (LSEQ) at 5.48%. This indicates that EFFE's price experiences larger fluctuations and is considered to be riskier than LSEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFFE	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	5.48%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	12.75%	+4.92%
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	15.09%	+5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.91%	14.32%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	14.32%	+5.59%

EFFE vs. LSEQ - Expense Ratio Comparison

EFFE has a 0.69% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

EFFE vs. LSEQ - Dividend Comparison

EFFE's dividend yield for the trailing twelve months is around 3.63%, more than LSEQ's 1.73% yield.

Position	TTM	2025
EFFE Harbor Osmosis Emerging Markets Resource Efficient ETF	3.63%	4.69%
LSEQ Harbor Long-Short Equity ETF	1.73%	2.20%

Frequently Asked Questions

Can I hold both EFFE and LSEQ in my portfolio?

EFFE and LSEQ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFFE or LSEQ?

EFFE has higher volatility (9.71%) compared to LSEQ (5.48%). In terms of maximum drawdown, EFFE dropped -13.75% vs LSEQ's -8.35%.

Which ETF is better, EFFE or LSEQ?

On 1-year performance, EFFE leads with 44.45% vs 25.44% for LSEQ. On fees, EFFE is cheaper at 0.69% per year. On volatility, LSEQ has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFFE or LSEQ?

Over the 1-year period, EFFE has performed better with a 44.45% return vs 25.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFFE or LSEQ?

EFFE is cheaper with a 0.69% expense ratio, compared with 1.70% for LSEQ.

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

EFFE has the higher dividend yield at 3.63%, compared with 1.73% for LSEQ.

What is the main difference between EFFE and LSEQ?

EFFE is categorized as Emerging Markets Diversified, while LSEQ is Long-Short. Their fees differ too: 0.69% for EFFE and 1.70% for LSEQ.

Which has better risk-adjusted returns?

EFFE currently has the higher Sharpe Ratio (2.22 vs 1.70), 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.