EPSV vs. TCV

Last updated Jul 15, 2026

EPSV (Harbor SMID Cap Value ETF) and TCV (Towle Value ETF) are both Small Cap Value Equities funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. EPSV charges 0.88%/yr vs 0.85%/yr for TCV.

Performance

EPSV vs. TCV - Performance Comparison

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

Returns By Period

In the year-to-date period, EPSV achieves a 27.08% return, which is significantly lower than TCV's 28.81% return.

EPSV

• 1D: 0.51%
• 1M: -0.79%
• 6M: 20.15%
• YTD: 27.08%
• 1Y: 36.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCV

• 1D: 1.25%
• 1M: 2.37%
• 6M: 16.54%
• YTD: 28.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPSV vs. TCV - Yearly Performance Comparison

	2026 (YTD)	2025
EPSV Harbor SMID Cap Value ETF	27.08%	9.28%
TCV Towle Value ETF	28.81%	2.99%

Correlation

The correlation between EPSV and TCV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025	0.76

Return for Risk

EPSV vs. TCV — 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: 76
EPSV Calmar Ratio Rank: 89
EPSV Martin Ratio Rank: 86

TCV

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

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. TCV - Risk-Adjusted Trends Comparison

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

	EPSV	TCV	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.94	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	4.16	—	—
Martin ratio: Return relative to average drawdown	14.18	—	—

Drawdowns

EPSV vs. TCV - Drawdown Comparison

The maximum EPSV drawdown since its inception was -8.93%, smaller than the maximum TCV drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for EPSV and TCV.

Drawdown Indicators

	EPSV	TCV	Difference
Max Drawdown Largest peak-to-trough decline	-8.93%	-12.23%	+3.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	—	—
Current Drawdown Current decline from peak	-3.32%	0.00%	-3.32%
Average Drawdown Average peak-to-trough decline	-1.64%	-3.31%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	EPSV	TCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.15%	21.20%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	21.20%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	21.20%	-3.04%

EPSV vs. TCV - Expense Ratio Comparison

EPSV has a 0.88% expense ratio, which is higher than TCV's 0.85% expense ratio.

Dividends

EPSV vs. TCV - Dividend Comparison

EPSV's dividend yield for the trailing twelve months is around 2.27%, more than TCV's 0.56% yield.

Position	TTM	2025
EPSV Harbor SMID Cap Value ETF	2.27%	2.88%
TCV Towle Value ETF	0.56%	0.31%

Frequently Asked Questions

Can I hold both EPSV and TCV in my portfolio?

EPSV and TCV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPSV or TCV?

On fees, TCV is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPSV or TCV?

TCV is cheaper with a 0.85% expense ratio, compared with 0.88% for EPSV.

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

EPSV has the higher dividend yield at 2.27%, compared with 0.56% for TCV.

What is the main difference between EPSV and TCV?

They also come from different issuers: Harbor and Towle. Their fees differ too: 0.88% for EPSV and 0.85% for TCV.