HELS vs. LSEQ
HELS (Hedgeye 130/30 Equity ETF) and LSEQ (Harbor Long-Short Equity ETF) are both Long-Short funds. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. HELS charges 0.70%/yr vs 1.70%/yr for LSEQ.
Performance
HELS vs. LSEQ - Performance Comparison
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Returns By Period
In the year-to-date period, HELS achieves a -1.75% return, which is significantly lower than LSEQ's 17.64% return.
HELS
- 1D
- -0.35%
- 1M
- -2.12%
- 6M
- -6.15%
- YTD
- -1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LSEQ
- 1D
- 1.09%
- 1M
- -5.46%
- 6M
- 4.07%
- YTD
- 17.64%
- 1Y
- 17.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $184.77K | $173.29K | $282.83K | |
| $44.72K | $54.51K | $63.72K |
HELS vs. LSEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HELS Hedgeye 130/30 Equity ETF | -1.75% | -2.37% |
LSEQ Harbor Long-Short Equity ETF | 17.64% | -1.03% |
Correlation
The correlation between HELS and LSEQ is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.51 |
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Return for Risk
HELS vs. LSEQ — Risk / Return Rank
HELS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LSEQ
HELS vs. LSEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye 130/30 Equity ETF (HELS) 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.
| HELS | LSEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.64 | — |
| Martin ratioReturn relative to average drawdown | — | 6.05 | — |
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Drawdowns
HELS vs. LSEQ - Drawdown Comparison
The maximum HELS drawdown since its inception was -13.60%, which is greater than LSEQ's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for HELS and LSEQ.
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Drawdown Indicators
| HELS | LSEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -10.88% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.88% | — |
Current DrawdownCurrent decline from peak | -7.94% | -9.91% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -3.26% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.94% | — |
Volatility
HELS vs. LSEQ - Volatility Comparison
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Volatility by Period
| HELS | LSEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 17.49% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 15.09% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 15.09% | +0.38% |
HELS vs. LSEQ - Expense Ratio Comparison
HELS has a 0.70% expense ratio, which is lower than LSEQ's 1.70% expense ratio.
Dividends
HELS vs. LSEQ - Dividend Comparison
HELS's dividend yield for the trailing twelve months is around 0.02%, less than LSEQ's 1.87% yield.
| Position | TTM | 2025 |
|---|---|---|
HELS Hedgeye 130/30 Equity ETF | 0.02% | 0.02% |
LSEQ Harbor Long-Short Equity ETF | 1.87% | 2.20% |
Frequently Asked Questions
HELS and LSEQ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HELS is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HELS is cheaper with a 0.70% expense ratio, compared with 1.70% for LSEQ.
LSEQ has the higher dividend yield at 1.87%, compared with 0.02% for HELS.
They also come from different issuers: Hedgeye and Harbor. Their fees differ too: 0.70% for HELS and 1.70% for LSEQ.
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