EPMB vs. LSEQ

Last updated Jun 23, 2026

EPMB (Harbor Mid Cap Core ETF) and LSEQ (Harbor Long-Short Equity ETF) are both exchange-traded funds - EPMB is a Mid Cap Blend Equities fund actively managed by Harbor, while LSEQ is a Long-Short fund actively managed by Harbor. Both are actively managed. Over the past year, EPMB returned 29.78% vs 33.14% for LSEQ. At a 0.35 correlation, their price movements are largely independent. EPMB charges 0.88%/yr vs 1.70%/yr for LSEQ.

Performance

EPMB vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Mid Cap Core ETF (EPMB) 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, EPMB achieves a 16.37% return, which is significantly lower than LSEQ's 30.59% return.

EPMB

• 1D: 0.74%
• 1M: 3.61%
• YTD: 16.37%
• 6M: 14.87%
• 1Y: 29.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSEQ

• 1D: 1.94%
• 1M: 6.43%
• YTD: 30.59%
• 6M: 29.19%
• 1Y: 33.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPMB vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025
EPMB Harbor Mid Cap Core ETF	16.37%	15.95%
LSEQ Harbor Long-Short Equity ETF	30.59%	-1.41%

Correlation

The correlation between EPMB and LSEQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.35

EPMB vs. LSEQ - Sectors Allocation Comparison

Sectors	EPMB	LSEQ
Industrials	27.4%	9.2%
Technology	21.9%	21.1%
Financial Services	13.8%	0.6%
Healthcare	10.4%	15.9%
Consumer Cyclical	9.9%	12.5%
Real Estate	5.1%	-
Basic Materials	4.7%	17.5%
Energy	4.0%	7.0%
Communication Services	2.5%	9.3%
Utilities	1.7%	4.1%
Consumer Defensive	1.1%	2.7%

Return for Risk

EPMB vs. LSEQ — Risk / Return Rank

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

EPMB

EPMB Risk / Return Rank: 67
EPMB Sharpe Ratio Rank: 64
EPMB Sortino Ratio Rank: 69
EPMB Omega Ratio Rank: 61
EPMB Calmar Ratio Rank: 69
EPMB Martin Ratio Rank: 71

LSEQ

LSEQ Risk / Return Rank: 73
LSEQ Sharpe Ratio Rank: 69
LSEQ Sortino Ratio Rank: 66
LSEQ Omega Ratio Rank: 69
LSEQ Calmar Ratio Rank: 85
LSEQ Martin Ratio Rank: 76

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.

EPMB vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Core ETF (EPMB) 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.

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.

	EPMB	LSEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.16	-0.10
Sortino ratio: Return per unit of downside risk	3.02	2.95	+0.07
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	3.34	4.50	-1.16
Martin ratio: Return relative to average drawdown	12.72	14.14	-1.42

EPMB vs. LSEQ - Sharpe Ratio Comparison

The current EPMB Sharpe Ratio is 2.06, which is comparable to the LSEQ Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of EPMB 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.

Drawdowns

EPMB vs. LSEQ - Drawdown Comparison

The maximum EPMB drawdown since its inception was -8.95%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for EPMB and LSEQ.

Drawdown Indicators

	EPMB	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.95%	-8.35%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-7.40%	-1.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.46%	-3.20%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.35%	0.00%

Volatility

EPMB vs. LSEQ - Volatility Comparison

The current volatility for Harbor Mid Cap Core ETF (EPMB) is 4.20%, while Harbor Long-Short Equity ETF (LSEQ) has a volatility of 5.19%. This indicates that EPMB experiences smaller price fluctuations and is considered to be less risky than LSEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPMB	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	5.19%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	13.24%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	15.46%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	14.44%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	14.44%	+0.34%

EPMB vs. LSEQ - Expense Ratio Comparison

EPMB has a 0.88% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

EPMB vs. LSEQ - Dividend Comparison

EPMB's dividend yield for the trailing twelve months is around 1.54%, less than LSEQ's 1.69% yield.

Position	TTM	2025
EPMB Harbor Mid Cap Core ETF	1.54%	1.79%
LSEQ Harbor Long-Short Equity ETF	1.69%	2.20%

Frequently Asked Questions

Can I hold both EPMB and LSEQ in my portfolio?

EPMB and LSEQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPMB or LSEQ?

LSEQ has higher volatility (5.19%) compared to EPMB (4.20%). In terms of maximum drawdown, EPMB dropped -8.95% vs LSEQ's -8.35%.

Which ETF is better, EPMB or LSEQ?

On 1-year performance, LSEQ leads with 33.14% vs 29.78% for EPMB. On fees, EPMB is cheaper at 0.88% per year. On volatility, EPMB has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPMB or LSEQ?

Over the 1-year period, LSEQ has performed better with a 33.14% return vs 29.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPMB or LSEQ?

EPMB is cheaper with a 0.88% expense ratio, compared with 1.70% for LSEQ.

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

LSEQ has the higher dividend yield at 1.69%, compared with 1.54% for EPMB.

What is the main difference between EPMB and LSEQ?

EPMB is categorized as Mid Cap Blend Equities, while LSEQ is Long-Short. Their fees differ too: 0.88% for EPMB and 1.70% for LSEQ.

Which has better risk-adjusted returns?

LSEQ currently has the higher Sharpe Ratio (2.16 vs 2.06), 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.