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HFEQ vs. LSEQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

HFEQ vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFEQ Equity Long/Short ETF (HFEQ) and Harbor Long-Short Equity ETF (LSEQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HFEQ achieves a 14.42% return, which is significantly lower than LSEQ's 25.99% return.


HFEQ

1D
0.87%
1M
4.56%
YTD
14.42%
6M
15.11%
1Y
3Y*
5Y*
10Y*

LSEQ

1D
1.89%
1M
2.58%
YTD
25.99%
6M
24.44%
1Y
22.72%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

HFEQ vs. LSEQ - Yearly Performance Comparison


2026 (YTD)2025
HFEQ
Unlimited HFEQ Equity Long/Short ETF
14.42%14.92%
LSEQ
Harbor Long-Short Equity ETF
25.99%1.97%

Correlation

The correlation between HFEQ and LSEQ is 0.53, 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 16, 2025

0.53

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Return for Risk

HFEQ vs. LSEQ — Risk / Return Rank

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

HFEQ

LSEQ
LSEQ Risk / Return Rank: 4646
Overall Rank
LSEQ Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
LSEQ Sortino Ratio Rank: 4242
Sortino Ratio Rank
LSEQ Omega Ratio Rank: 4343
Omega Ratio Rank
LSEQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
LSEQ Martin Ratio Rank: 4242
Martin Ratio Rank
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.

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.

HFEQ vs. LSEQ - Sharpe Ratio Comparison


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Sharpe Ratios by Period


HFEQLSEQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

Sharpe Ratio (All Time)

Calculated using the full available price history

1.69

1.16

+0.53

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


HFEQLSEQDifference

Max Drawdown

Largest peak-to-trough decline

-12.46%

-8.35%

-4.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.40%

Current Drawdown

Current decline from peak

0.00%

-2.75%

+2.75%

Average Drawdown

Average peak-to-trough decline

-2.46%

-3.23%

+0.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

Volatility

HFEQ vs. LSEQ - Volatility Comparison


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Volatility by Period


HFEQLSEQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

Volatility (6M)

Calculated over the trailing 6-month period

12.73%

Volatility (1Y)

Calculated over the trailing 1-year period

21.65%

15.05%

+6.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.65%

14.32%

+7.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.65%

14.32%

+7.33%

HFEQ vs. LSEQ - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is lower than LSEQ's 1.70% expense ratio.


Dividends

HFEQ vs. LSEQ - Dividend Comparison

HFEQ's dividend yield for the trailing twelve months is around 9.22%, more than LSEQ's 1.75% yield.


PositionTTM2025
HFEQ
Unlimited HFEQ Equity Long/Short ETF
9.22%10.55%
LSEQ
Harbor Long-Short Equity ETF
1.75%2.20%

Frequently Asked Questions


HFEQ and LSEQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HFEQ is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HFEQ is cheaper with a 1.00% expense ratio, compared with 1.70% for LSEQ.

HFEQ has the higher dividend yield at 9.22%, compared with 1.75% for LSEQ.

They also come from different issuers: Unlimited and Harbor. Their fees differ too: 1.00% for HFEQ and 1.70% for LSEQ.

Portfolio Optimizer

Find the right allocation for HFEQ and LSEQ

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