Correlation
The correlation between LSEQ and FTLS is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
LSEQ vs. FTLS
Compare and contrast key facts about Harbor Long-Short Equity ETF (LSEQ) and First Trust Long/Short Equity ETF (FTLS).
LSEQ and FTLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LSEQ is an actively managed fund by Harbor. It was launched on Dec 4, 2023. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LSEQ or FTLS.
Performance
LSEQ vs. FTLS - Performance Comparison
Loading data...
Key characteristics
LSEQ:
0.37
FTLS:
0.80
LSEQ:
0.54
FTLS:
1.08
LSEQ:
1.07
FTLS:
1.15
LSEQ:
0.55
FTLS:
0.74
LSEQ:
1.15
FTLS:
2.51
LSEQ:
3.98%
FTLS:
3.46%
LSEQ:
14.40%
FTLS:
11.65%
LSEQ:
-8.35%
FTLS:
-20.53%
LSEQ:
-1.95%
FTLS:
-3.65%
Returns By Period
In the year-to-date period, LSEQ achieves a 6.99% return, which is significantly higher than FTLS's -0.19% return.
LSEQ
6.99%
0.27%
-0.85%
5.22%
N/A
N/A
N/A
FTLS
-0.19%
3.15%
-0.44%
9.26%
10.28%
10.78%
7.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LSEQ vs. FTLS - Expense Ratio Comparison
LSEQ has a 1.70% expense ratio, which is higher than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
LSEQ vs. FTLS — Risk-Adjusted Performance Rank
LSEQ
FTLS
LSEQ vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Long-Short Equity ETF (LSEQ) and First Trust Long/Short Equity ETF (FTLS). 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.
Loading data...
Dividends
LSEQ vs. FTLS - Dividend Comparison
LSEQ has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 1.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSEQ Harbor Long-Short Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTLS First Trust Long/Short Equity ETF | 1.55% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
LSEQ vs. FTLS - Drawdown Comparison
The maximum LSEQ drawdown since its inception was -8.35%, smaller than the maximum FTLS drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for LSEQ and FTLS.
Loading data...
Volatility
LSEQ vs. FTLS - Volatility Comparison
Harbor Long-Short Equity ETF (LSEQ) has a higher volatility of 6.01% compared to First Trust Long/Short Equity ETF (FTLS) at 2.43%. This indicates that LSEQ's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...