EPMV vs. LSEQ

Last updated Jun 3, 2026

EPMV (Harbor Mid Cap Value ETF) and LSEQ (Harbor Long-Short Equity ETF) are both exchange-traded funds - EPMV is a Mid Cap Value 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, EPMV returned 31.44% vs 22.72% for LSEQ. At a 0.35 correlation, their price movements are largely independent. EPMV charges 0.88%/yr vs 1.70%/yr for LSEQ.

Performance

EPMV vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Mid Cap Value ETF (EPMV) 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, EPMV achieves a 18.27% return, which is significantly lower than LSEQ's 25.99% return.

EPMV

• 1D: 1.62%
• 1M: 6.13%
• YTD: 18.27%
• 6M: 20.75%
• 1Y: 31.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSEQ

• 1D: 1.89%
• 1M: 2.58%
• YTD: 25.99%
• 6M: 24.44%
• 1Y: 22.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPMV vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025
EPMV Harbor Mid Cap Value ETF	18.27%	13.68%
LSEQ Harbor Long-Short Equity ETF	25.99%	-0.91%

Correlation

The correlation between EPMV 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 May 5, 2025	0.35

EPMV vs. LSEQ - Sectors Allocation Comparison

Sectors	EPMV	LSEQ
Industrials	21.7%	6.5%
Technology	18.7%	-10.9%
Financial Services	18.1%	1.2%
Consumer Cyclical	12.2%	17.3%
Basic Materials	6.7%	27.3%
Healthcare	6.7%	14.7%
Real Estate	6.4%	-
Energy	5.0%	15.0%
Utilities	3.0%	3.1%
Consumer Defensive	1.4%	5.2%
Communication Services	-	7.0%

Return for Risk

EPMV vs. LSEQ — Risk / Return Rank

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

EPMV

EPMV Risk / Return Rank: 63
EPMV Sharpe Ratio Rank: 60
EPMV Sortino Ratio Rank: 64
EPMV Omega Ratio Rank: 58
EPMV Calmar Ratio Rank: 70
EPMV Martin Ratio Rank: 64

LSEQ

LSEQ Risk / Return Rank: 46
LSEQ Sharpe Ratio Rank: 43
LSEQ Sortino Ratio Rank: 42
LSEQ Omega Ratio Rank: 43
LSEQ Calmar Ratio Rank: 61
LSEQ Martin Ratio Rank: 42

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.

EPMV vs. LSEQ - Risk-Adjusted Trends Comparison

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

	EPMV	LSEQ	Difference
Sharpe ratio Return per unit of total volatility	2.08	1.52	+0.56
Sortino ratio Return per unit of downside risk	3.04	2.15	+0.89
Omega ratio Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio Return relative to maximum drawdown	3.55	3.06	+0.50
Martin ratio Return relative to average drawdown	11.73	7.02	+4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPMV vs. LSEQ - Sharpe Ratio Comparison

The current EPMV Sharpe Ratio is 2.08, which is higher than the LSEQ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of EPMV 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

	EPMV	LSEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.52	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	1.16	+0.89

Drawdowns

EPMV vs. LSEQ - Drawdown Comparison

The maximum EPMV drawdown since its inception was -8.78%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for EPMV and LSEQ.

Drawdown Indicators

	EPMV	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-8.35%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-7.40%	-1.38%
Current Drawdown Current decline from peak	0.00%	-2.75%	+2.75%
Average Drawdown Average peak-to-trough decline	-1.79%	-3.23%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	3.22%	-0.56%

Volatility

EPMV vs. LSEQ - Volatility Comparison

Harbor Mid Cap Value ETF (EPMV) and Harbor Long-Short Equity ETF (LSEQ) have volatilities of 5.35% and 5.44%, 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

	EPMV	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	5.44%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	12.73%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	15.05%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	14.32%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	14.32%	+1.19%

EPMV vs. LSEQ - Expense Ratio Comparison

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

Dividends

EPMV vs. LSEQ - Dividend Comparison

EPMV's dividend yield for the trailing twelve months is around 1.25%, less than LSEQ's 1.75% yield.

Position	TTM	2025
EPMV Harbor Mid Cap Value ETF	1.25%	1.48%
LSEQ Harbor Long-Short Equity ETF	1.75%	2.20%

Frequently Asked Questions

Can I hold both EPMV and LSEQ in my portfolio?

EPMV 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, EPMV or LSEQ?

LSEQ has higher volatility (5.44%) compared to EPMV (5.35%). In terms of maximum drawdown, EPMV dropped -8.78% vs LSEQ's -8.35%.

Which ETF is better, EPMV or LSEQ?

On 1-year performance, EPMV leads with 31.44% vs 22.72% for LSEQ. On fees, EPMV is cheaper at 0.88% 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, EPMV or LSEQ?

Over the 1-year period, EPMV has performed better with a 31.44% return vs 22.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPMV or LSEQ?

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

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

LSEQ has the higher dividend yield at 1.75%, compared with 1.25% for EPMV.

What is the main difference between EPMV and LSEQ?

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

Which has better risk-adjusted returns?

EPMV currently has the higher Sharpe Ratio (2.08 vs 1.52), 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.