HOLD vs. LSEQ

Last updated Jun 6, 2026

HOLD (Harbor Alpha Layering ETF) and LSEQ (Harbor Long-Short Equity ETF) are both exchange-traded funds - HOLD is a Multistrategy fund actively managed by Harbor, while LSEQ is a Long-Short fund actively managed by Harbor. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. HOLD charges 0.70%/yr vs 1.70%/yr for LSEQ.

Performance

HOLD vs. LSEQ - Performance Comparison

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

Returns By Period

In the year-to-date period, HOLD achieves a 11.09% return, which is significantly lower than LSEQ's 24.01% return.

HOLD

• 1D: -2.41%
• 1M: 1.15%
• YTD: 11.09%
• 6M: 11.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSEQ

• 1D: -2.55%
• 1M: -1.16%
• YTD: 24.01%
• 6M: 23.99%
• 1Y: 22.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLD vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025
HOLD Harbor Alpha Layering ETF	11.09%	8.60%
LSEQ Harbor Long-Short Equity ETF	24.01%	1.25%

Correlation

The correlation between HOLD and LSEQ is 0.52, 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 Aug 15, 2025	0.52

Return for Risk

HOLD vs. LSEQ — Risk / Return Rank

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

LSEQ

LSEQ Risk / Return Rank: 52
LSEQ Sharpe Ratio Rank: 46
LSEQ Sortino Ratio Rank: 45
LSEQ Omega Ratio Rank: 45
LSEQ Calmar Ratio Rank: 65
LSEQ Martin Ratio Rank: 57

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.

HOLD vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) 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.

Sharpe Ratios by Period

	HOLD	LSEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	1.10	+0.61

Drawdowns

HOLD vs. LSEQ - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for HOLD and LSEQ.

Drawdown Indicators

	HOLD	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-8.35%	-1.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.40%	—
Current Drawdown Current decline from peak	-2.59%	-4.27%	+1.68%
Average Drawdown Average peak-to-trough decline	-1.95%	-3.23%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.63%	—

Volatility

Volatility by Period

	HOLD	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	15.27%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	14.39%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	14.39%	+1.02%

HOLD vs. LSEQ - Expense Ratio Comparison

HOLD has a 0.70% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

HOLD vs. LSEQ - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 6.59%, more than LSEQ's 1.78% yield.

Position	TTM	2025
HOLD Harbor Alpha Layering ETF	6.59%	7.32%
LSEQ Harbor Long-Short Equity ETF	1.78%	2.20%

Frequently Asked Questions

Can I hold both HOLD and LSEQ in my portfolio?

HOLD and LSEQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOLD or LSEQ?

On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOLD or LSEQ?

HOLD is cheaper with a 0.70% expense ratio, compared with 1.70% for LSEQ.

Which ETF pays a higher dividend yield, HOLD or LSEQ?

HOLD has the higher dividend yield at 6.59%, compared with 1.78% for LSEQ.

What is the main difference between HOLD and LSEQ?

HOLD is categorized as Multistrategy, while LSEQ is Long-Short. Their fees differ too: 0.70% for HOLD and 1.70% for LSEQ.