HFEQ vs. LSEQ
Compare and contrast key facts about Unlimited HFEQ Equity Long/Short ETF (HFEQ) and Harbor Long-Short Equity ETF (LSEQ).
HFEQ and LSEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFEQ is an actively managed fund by Unlimited. It was launched on Jul 14, 2025. LSEQ is an actively managed fund by Harbor. It was launched on Dec 4, 2023.
Performance
HFEQ vs. LSEQ - Performance Comparison
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HFEQ vs. LSEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFEQ Unlimited HFEQ Equity Long/Short ETF | 2.39% | 14.92% |
LSEQ Harbor Long-Short Equity ETF | 22.47% | 1.97% |
Returns By Period
In the year-to-date period, HFEQ achieves a 2.39% return, which is significantly lower than LSEQ's 22.47% return.
HFEQ
- 1D
- 1.22%
- 1M
- -6.50%
- YTD
- 2.39%
- 6M
- 4.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LSEQ
- 1D
- 1.60%
- 1M
- -0.74%
- YTD
- 22.47%
- 6M
- 23.09%
- 1Y
- 19.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HFEQ vs. LSEQ - Expense Ratio Comparison
HFEQ has a 1.00% expense ratio, which is lower than LSEQ's 1.70% expense ratio.
Return for Risk
HFEQ vs. LSEQ — Risk / Return Rank
HFEQ
LSEQ
HFEQ vs. LSEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFEQ Equity Long/Short ETF (HFEQ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HFEQ | LSEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 1.15 | +0.02 |
Correlation
The correlation between HFEQ and LSEQ is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HFEQ vs. LSEQ - Dividend Comparison
HFEQ's dividend yield for the trailing twelve months is around 10.30%, more than LSEQ's 1.80% yield.
| TTM | 2025 | |
|---|---|---|
HFEQ Unlimited HFEQ Equity Long/Short ETF | 10.30% | 10.55% |
LSEQ Harbor Long-Short Equity ETF | 1.80% | 2.20% |
Drawdowns
HFEQ vs. LSEQ - Drawdown Comparison
The maximum HFEQ drawdown since its inception was -12.46%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for HFEQ and LSEQ.
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Drawdown Indicators
| HFEQ | LSEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -8.35% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.40% | — |
Current DrawdownCurrent decline from peak | -8.57% | -1.04% | -7.53% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -3.33% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.08% | — |
Volatility
HFEQ vs. LSEQ - Volatility Comparison
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Volatility by Period
| HFEQ | LSEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.84% | 15.93% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.25% | +7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 14.25% | +7.59% |