EPSV vs. MEDI

Last updated Jun 4, 2026

EPSV (Harbor SMID Cap Value ETF) and MEDI (Harbor Health Care ETF) are both exchange-traded funds - EPSV is a Small Cap Value Equities fund actively managed by Harbor, while MEDI is a Health & Biotech Equities fund actively managed by Harbor. Both are actively managed. Over the past year, EPSV returned 46.19% vs 18.27% for MEDI. At a 0.31 correlation, their price movements are largely independent. EPSV charges 0.88%/yr vs 0.80%/yr for MEDI.

Performance

EPSV vs. MEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor SMID Cap Value ETF (EPSV) and Harbor Health Care ETF (MEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPSV achieves a 26.42% return, which is significantly higher than MEDI's -4.02% return.

EPSV

• 1D: -0.04%
• 1M: 7.26%
• YTD: 26.42%
• 6M: 26.98%
• 1Y: 46.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEDI

• 1D: 1.06%
• 1M: -0.93%
• YTD: -4.02%
• 6M: -4.83%
• 1Y: 18.27%
• 3Y*: 12.46%
• 5Y*: —
• 10Y*: —

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

EPSV vs. MEDI - Yearly Performance Comparison

	2026 (YTD)	2025
EPSV Harbor SMID Cap Value ETF	26.42%	20.91%
MEDI Harbor Health Care ETF	-4.02%	21.26%

Correlation

The correlation between EPSV and MEDI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 5, 2025	0.31

EPSV vs. MEDI - Sectors Allocation Comparison

Sectors	EPSV	MEDI
Industrials	24.9%	-
Technology	22.7%	-
Financial Services	19.1%	-
Real Estate	7.5%	-
Energy	6.1%	-
Consumer Cyclical	5.8%	-
Consumer Defensive	5.0%	-
Basic Materials	4.3%	-
Utilities	3.7%	-
Healthcare	0.9%	100.0%
Communication Services	-	-

Return for Risk

EPSV vs. MEDI — Risk / Return Rank

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

EPSV

EPSV Risk / Return Rank: 83
EPSV Sharpe Ratio Rank: 81
EPSV Sortino Ratio Rank: 83
EPSV Omega Ratio Rank: 77
EPSV Calmar Ratio Rank: 88
EPSV Martin Ratio Rank: 86

MEDI

MEDI Risk / Return Rank: 26
MEDI Sharpe Ratio Rank: 26
MEDI Sortino Ratio Rank: 27
MEDI Omega Ratio Rank: 24
MEDI Calmar Ratio Rank: 25
MEDI Martin Ratio Rank: 26

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.

EPSV vs. MEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor SMID Cap Value ETF (EPSV) and Harbor Health Care ETF (MEDI). 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.

	EPSV	MEDI	Difference
Sharpe ratio: Return per unit of total volatility	2.62	0.93	+1.70
Sortino ratio: Return per unit of downside risk	3.68	1.46	+2.22
Omega ratio: Gain probability vs. loss probability	1.46	1.17	+0.29
Calmar ratio: Return relative to maximum drawdown	5.19	1.20	+4.00
Martin ratio: Return relative to average drawdown	18.03	3.59	+14.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPSV vs. MEDI - Sharpe Ratio Comparison

The current EPSV Sharpe Ratio is 2.62, which is higher than the MEDI Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of EPSV and MEDI, 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

	EPSV	MEDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	0.93	+1.70
Sharpe Ratio (All Time) Calculated using the full available price history	2.66	0.74	+1.92

Drawdowns

EPSV vs. MEDI - Drawdown Comparison

The maximum EPSV drawdown since its inception was -8.93%, smaller than the maximum MEDI drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for EPSV and MEDI.

Drawdown Indicators

	EPSV	MEDI	Difference
Max Drawdown Largest peak-to-trough decline	-8.93%	-19.24%	+10.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-15.34%	+6.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.24%	—
Current Drawdown Current decline from peak	-0.04%	-8.01%	+7.97%
Average Drawdown Average peak-to-trough decline	-1.67%	-4.28%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	5.10%	-2.53%

Volatility

EPSV vs. MEDI - Volatility Comparison

Harbor SMID Cap Value ETF (EPSV) and Harbor Health Care ETF (MEDI) have volatilities of 6.05% and 6.02%, 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

	EPSV	MEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	6.02%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	15.42%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	19.82%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	18.63%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	18.63%	-0.49%

EPSV vs. MEDI - Expense Ratio Comparison

EPSV has a 0.88% expense ratio, which is higher than MEDI's 0.80% expense ratio.

Dividends

EPSV vs. MEDI - Dividend Comparison

EPSV's dividend yield for the trailing twelve months is around 2.28%, more than MEDI's 0.29% yield.

Position	TTM	2025	2024	2023
EPSV Harbor SMID Cap Value ETF	2.28%	2.88%	0.00%	0.00%
MEDI Harbor Health Care ETF	0.29%	0.28%	0.54%	1.86%

Frequently Asked Questions

Can I hold both EPSV and MEDI in my portfolio?

EPSV and MEDI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPSV or MEDI?

EPSV has higher volatility (6.05%) compared to MEDI (6.02%). In terms of maximum drawdown, EPSV dropped -8.93% vs MEDI's -19.24%.

Which ETF is better, EPSV or MEDI?

On 1-year performance, EPSV leads with 46.19% vs 18.27% for MEDI. On fees, MEDI is cheaper at 0.80% 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, EPSV or MEDI?

Over the 1-year period, EPSV has performed better with a 46.19% return vs 18.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPSV or MEDI?

MEDI is cheaper with a 0.80% expense ratio, compared with 0.88% for EPSV.

Which ETF pays a higher dividend yield, EPSV or MEDI?

EPSV has the higher dividend yield at 2.28%, compared with 0.29% for MEDI.

What is the main difference between EPSV and MEDI?

EPSV is categorized as Small Cap Value Equities, while MEDI is Health & Biotech Equities. Their fees differ too: 0.88% for EPSV and 0.80% for MEDI.

Which has better risk-adjusted returns?

EPSV currently has the higher Sharpe Ratio (2.62 vs 0.93), 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.