EPSB vs. ISMD

Last updated Aug 2, 2026

EPSB (Harbor SMID Cap Core ETF) and ISMD (Inspire Small/Mid Cap Impact ETF) are both Small Cap Blend Equities funds. EPSB is actively managed, while ISMD is passively managed. Over the past year, EPSB returned 28.50% vs 41.09% for ISMD. Their correlation of 0.85 means they have usually moved in the same direction. EPSB charges 0.88%/yr vs 0.57%/yr for ISMD.

Performance

EPSB vs. ISMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor SMID Cap Core ETF (EPSB) and Inspire Small/Mid Cap Impact ETF (ISMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPSB achieves a 20.56% return, which is significantly lower than ISMD's 27.66% return.

EPSB

• 1D: -0.05%
• 1M: -0.06%
• 6M: 11.91%
• YTD: 20.56%
• 1Y: 28.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.59%

ISMD

• 1D: -0.28%
• 1M: -0.59%
• 6M: 18.90%
• YTD: 27.66%
• 1Y: 41.09%
• 3Y*: 14.14%
• 5Y*: 9.57%
• 10Y*: —
• ALL TIME*: 9.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPSB Harbor SMID Cap Core ETF	$2.00K	$4.38K	$12.02K
ISMD Inspire Small/Mid Cap Impact ETF	$2.42M	$2.34M	$1.91M

EPSB vs. ISMD - Yearly Performance Comparison

	2026 (YTD)	2025
EPSB Harbor SMID Cap Core ETF	20.56%	14.56%
ISMD Inspire Small/Mid Cap Impact ETF	27.66%	18.27%

Correlation

The correlation between EPSB and ISMD is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.85

The correlation between EPSB and ISMD has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

EPSB vs. ISMD - Sectors Allocation Comparison

Sectors	EPSB	ISMD
Industrials	31.2%	15.8%
Technology	19.9%	14.1%
Financial Services	13.5%	17.1%
Consumer Cyclical	8.5%	10.9%
Healthcare	7.2%	9.7%
Basic Materials	5.9%	6.8%
Real Estate	5.8%	8.5%
Energy	2.9%	4.5%
Utilities	2.8%	3.6%
Consumer Defensive	0.5%	6.3%
Communication Services	-	1.5%

Return for Risk

EPSB vs. ISMD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPSB

EPSB Risk / Return Rank: 80
EPSB Sharpe Ratio Rank: 78
EPSB Sortino Ratio Rank: 82
EPSB Omega Ratio Rank: 74
EPSB Calmar Ratio Rank: 84
EPSB Martin Ratio Rank: 82

ISMD

ISMD Risk / Return Rank: 88
ISMD Sharpe Ratio Rank: 88
ISMD Sortino Ratio Rank: 88
ISMD Omega Ratio Rank: 85
ISMD Calmar Ratio Rank: 91
ISMD Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPSB vs. ISMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor SMID Cap Core ETF (EPSB) and Inspire Small/Mid Cap Impact ETF (ISMD). 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.

	EPSB	ISMD	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.14	-0.35
Sortino ratio: Return per unit of downside risk	2.69	3.02	-0.34
Omega ratio: Gain probability vs. loss probability	1.31	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	3.22	4.03	-0.81
Martin ratio: Return relative to average drawdown	11.08	13.05	-1.97

EPSB vs. ISMD - Sharpe Ratio Comparison

The current EPSB Sharpe Ratio is 1.79, which is comparable to the ISMD Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of EPSB and ISMD, 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

EPSB vs. ISMD - Drawdown Comparison

The maximum EPSB drawdown since its inception was -8.46%, smaller than the maximum ISMD drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for EPSB and ISMD.

Drawdown Indicators

	EPSB	ISMD	Difference
Max Drawdown Largest peak-to-trough decline	-8.46%	-44.60%	+36.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.46%	-9.64%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.64%	—
Current Drawdown Current decline from peak	-1.12%	-2.21%	+1.09%
Average Drawdown Average peak-to-trough decline	-1.50%	-8.05%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.97%	-0.52%

Volatility

EPSB vs. ISMD - Volatility Comparison

Harbor SMID Cap Core ETF (EPSB) and Inspire Small/Mid Cap Impact ETF (ISMD) have volatilities of 3.57% and 3.68%, 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

	EPSB	ISMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.68%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	12.55%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	18.22%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	20.76%	-5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	23.62%	-8.35%

EPSB vs. ISMD - Expense Ratio Comparison

EPSB has a 0.88% expense ratio, which is higher than ISMD's 0.57% expense ratio.

Dividends

EPSB vs. ISMD - Dividend Comparison

EPSB's dividend yield for the trailing twelve months is around 1.13%, which matches ISMD's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPSB Harbor SMID Cap Core ETF	1.13%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISMD Inspire Small/Mid Cap Impact ETF	1.12%	1.21%	1.24%	1.17%	1.28%	9.35%	0.99%	0.88%	1.35%	2.02%

Frequently Asked Questions

Can I hold both EPSB and ISMD in my portfolio?

EPSB and ISMD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPSB or ISMD?

ISMD has higher volatility (3.68%) compared to EPSB (3.57%). In terms of maximum drawdown, EPSB dropped -8.46% vs ISMD's -44.60%.

Which ETF is better, EPSB or ISMD?

On 1-year performance, ISMD leads with 41.09% vs 28.50% for EPSB. On fees, ISMD is cheaper at 0.57% per year. On volatility, EPSB has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPSB or ISMD?

Over the 1-year period, ISMD has performed better with a 41.09% return vs 28.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPSB or ISMD?

ISMD is cheaper with a 0.57% expense ratio, compared with 0.88% for EPSB.

Which ETF pays a higher dividend yield, EPSB or ISMD?

EPSB and ISMD have nearly identical dividend yields, around 1.13%.

What is the main difference between EPSB and ISMD?

They also come from different issuers: Harbor and Inspire. Their fees differ too: 0.88% for EPSB and 0.57% for ISMD.

Which has better risk-adjusted returns?

ISMD currently has the higher Sharpe Ratio (2.14 vs 1.79), 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.