LSEQ vs. HDG
Compare and contrast key facts about Harbor Long-Short Equity ETF (LSEQ) and ProShares Hedge Replication (HDG).
LSEQ and HDG 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. HDG is a passively managed fund by ProShares that tracks the performance of the Merrill Lynch Factor Model - Exchange Series. It was launched on Jul 12, 2011.
Performance
LSEQ vs. HDG - Performance Comparison
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LSEQ vs. HDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LSEQ Harbor Long-Short Equity ETF | 20.53% | 4.13% | 12.80% | -1.20% |
HDG ProShares Hedge Replication | 0.49% | 7.18% | 5.12% | 1.92% |
Returns By Period
In the year-to-date period, LSEQ achieves a 20.53% return, which is significantly higher than HDG's 0.49% return.
LSEQ
- 1D
- 0.81%
- 1M
- -2.60%
- YTD
- 20.53%
- 6M
- 20.58%
- 1Y
- 17.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDG
- 1D
- 1.28%
- 1M
- -1.94%
- YTD
- 0.49%
- 6M
- 2.17%
- 1Y
- 8.41%
- 3Y*
- 5.75%
- 5Y*
- 1.97%
- 10Y*
- 3.41%
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LSEQ vs. HDG - Expense Ratio Comparison
LSEQ has a 1.70% expense ratio, which is higher than HDG's 0.95% expense ratio.
Return for Risk
LSEQ vs. HDG — Risk / Return Rank
LSEQ
HDG
LSEQ vs. HDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Long-Short Equity ETF (LSEQ) and ProShares Hedge Replication (HDG). 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.
| LSEQ | HDG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.23 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.77 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.70 | +0.84 |
Martin ratioReturn relative to average drawdown | 4.60 | 6.95 | -2.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LSEQ | HDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.23 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.38 | +0.72 |
Correlation
The correlation between LSEQ and HDG is 0.23, 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.
Dividends
LSEQ vs. HDG - Dividend Comparison
LSEQ's dividend yield for the trailing twelve months is around 1.83%, less than HDG's 2.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSEQ Harbor Long-Short Equity ETF | 1.83% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDG ProShares Hedge Replication | 2.49% | 2.55% | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.51% | 0.00% | 0.00% | 0.00% |
Drawdowns
LSEQ vs. HDG - Drawdown Comparison
The maximum LSEQ drawdown since its inception was -8.35%, smaller than the maximum HDG drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for LSEQ and HDG.
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Drawdown Indicators
| LSEQ | HDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.35% | -15.31% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -4.85% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.31% | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.74% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -2.80% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 1.19% | +2.89% |
Volatility
LSEQ vs. HDG - Volatility Comparison
Harbor Long-Short Equity ETF (LSEQ) has a higher volatility of 6.23% compared to ProShares Hedge Replication (HDG) at 2.61%. This indicates that LSEQ's price experiences larger fluctuations and is considered to be riskier than HDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSEQ | HDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 2.61% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 4.43% | +8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 6.90% | +8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 7.15% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 7.08% | +7.15% |