EPEM vs. LSEQ

Last updated Jun 5, 2026

EPEM (Harbor Emerging Markets Equity ETF) and LSEQ (Harbor Long-Short Equity ETF) are both exchange-traded funds - EPEM 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. At a 0.46 correlation, their price movements are largely independent. EPEM charges 0.84%/yr vs 1.70%/yr for LSEQ.

Performance

EPEM vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Emerging Markets Equity ETF (EPEM) and Harbor Long-Short Equity ETF (LSEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EPEM having a 28.50% return and LSEQ slightly lower at 27.26%.

EPEM

• 1D: -0.80%
• 1M: 4.68%
• YTD: 28.50%
• 6M: 31.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSEQ

• 1D: -0.11%
• 1M: 2.81%
• YTD: 27.26%
• 6M: 27.35%
• 1Y: 25.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPEM vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025
EPEM Harbor Emerging Markets Equity ETF	28.50%	20.76%
LSEQ Harbor Long-Short Equity ETF	27.26%	-1.09%

Correlation

The correlation between EPEM and LSEQ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.46

EPEM vs. LSEQ - Sectors Allocation Comparison

Sectors	EPEM	LSEQ
Technology	39.4%	-10.9%
Financial Services	22.7%	1.2%
Consumer Cyclical	8.5%	17.3%
Consumer Defensive	7.0%	5.2%
Basic Materials	6.5%	27.3%
Communication Services	6.0%	7.0%
Energy	3.6%	15.0%
Industrials	3.1%	6.5%
Healthcare	2.1%	14.7%
Real Estate	1.3%	-
Utilities	-	3.1%

Return for Risk

EPEM vs. LSEQ — Risk / Return Rank

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

LSEQ

LSEQ Risk / Return Rank: 55
LSEQ Sharpe Ratio Rank: 50
LSEQ Sortino Ratio Rank: 50
LSEQ Omega Ratio Rank: 50
LSEQ Calmar Ratio Rank: 70
LSEQ Martin Ratio Rank: 57

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.

EPEM vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Emerging Markets Equity ETF (EPEM) 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.

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

Sharpe Ratios by Period

	EPEM	LSEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.88	1.19	+1.70

Drawdowns

EPEM vs. LSEQ - Drawdown Comparison

The maximum EPEM drawdown since its inception was -13.27%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for EPEM and LSEQ.

Drawdown Indicators

	EPEM	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.27%	-8.35%	-4.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.40%	—
Current Drawdown Current decline from peak	-2.48%	-1.76%	-0.72%
Average Drawdown Average peak-to-trough decline	-1.96%	-3.23%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.71%	—

Volatility

Volatility by Period

	EPEM	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.36%	15.04%	+4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.36%	14.31%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	14.31%	+5.05%

EPEM vs. LSEQ - Expense Ratio Comparison

EPEM has a 0.84% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

EPEM vs. LSEQ - Dividend Comparison

EPEM's dividend yield for the trailing twelve months is around 2.85%, more than LSEQ's 1.73% yield.

Position	TTM	2025
EPEM Harbor Emerging Markets Equity ETF	2.85%	3.66%
LSEQ Harbor Long-Short Equity ETF	1.73%	2.20%

Frequently Asked Questions

Can I hold both EPEM and LSEQ in my portfolio?

EPEM and LSEQ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPEM or LSEQ?

On fees, EPEM is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPEM or LSEQ?

EPEM is cheaper with a 0.84% expense ratio, compared with 1.70% for LSEQ.

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

EPEM has the higher dividend yield at 2.85%, compared with 1.73% for LSEQ.

What is the main difference between EPEM and LSEQ?

EPEM is categorized as Emerging Markets Diversified, while LSEQ is Long-Short. Their fees differ too: 0.84% for EPEM and 1.70% for LSEQ.