EPAI vs. IVES

Last updated Jun 24, 2026

EPAI (Harbor AI Inflection Strategy ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both Technology Equities funds. EPAI is actively managed, while IVES is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. EPAI charges 0.88%/yr vs 0.75%/yr for IVES.

Performance

EPAI vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AI Inflection Strategy ETF (EPAI) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPAI achieves a 48.89% return, which is significantly higher than IVES's 15.94% return.

EPAI

• 1D: -4.72%
• 1M: 7.32%
• YTD: 48.89%
• 6M: 46.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVES

• 1D: -2.42%
• 1M: -1.61%
• YTD: 15.94%
• 6M: 13.43%
• 1Y: 40.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPAI vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
EPAI Harbor AI Inflection Strategy ETF	48.89%	-0.33%
IVES Dan IVES Wedbush AI Revolution ETF	15.94%	4.03%

Correlation

The correlation between EPAI and IVES is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.63

Return for Risk

EPAI vs. IVES — Risk / Return Rank

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

EPAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IVES

IVES Risk / Return Rank: 40
IVES Sharpe Ratio Rank: 45
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 41
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 34

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.

EPAI vs. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AI Inflection Strategy ETF (EPAI) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

	EPAI	IVES	Difference
Sharpe ratio: Return per unit of total volatility	—	1.51	—
Sortino ratio: Return per unit of downside risk	—	2.03	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	1.81	—
Martin ratio: Return relative to average drawdown	—	4.94	—

Drawdowns

EPAI vs. IVES - Drawdown Comparison

The maximum EPAI drawdown since its inception was -12.31%, smaller than the maximum IVES drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for EPAI and IVES.

Drawdown Indicators

	EPAI	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-12.31%	-22.64%	+10.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.64%	—
Current Drawdown Current decline from peak	-4.72%	-12.17%	+7.45%
Average Drawdown Average peak-to-trough decline	-2.65%	-5.83%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.28%	—

Volatility

Volatility by Period

	EPAI	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.26%	27.10%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.26%	26.66%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.26%	26.66%	+6.60%

EPAI vs. IVES - Expense Ratio Comparison

EPAI has a 0.88% expense ratio, which is higher than IVES's 0.75% expense ratio.

Dividends

EPAI vs. IVES - Dividend Comparison

EPAI has not paid dividends to shareholders, while IVES's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025
EPAI Harbor AI Inflection Strategy ETF	0.00%	0.00%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%

Frequently Asked Questions

Can I hold both EPAI and IVES in my portfolio?

EPAI and IVES have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPAI or IVES?

On fees, IVES is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPAI or IVES?

IVES is cheaper with a 0.75% expense ratio, compared with 0.88% for EPAI.

Which ETF pays a higher dividend yield, EPAI or IVES?

IVES has the higher dividend yield at 0.36%, compared with 0.00% for EPAI.

What is the main difference between EPAI and IVES?

They also come from different issuers: Harbor and Wedbush. Their fees differ too: 0.88% for EPAI and 0.75% for IVES.