LSEQ vs. IDUB

Last updated Aug 4, 2026

LSEQ (Harbor Long-Short Equity ETF) and IDUB (Aptus International Enhanced Yield ETF) are both Long-Short funds. Both are actively managed. Over the past year, LSEQ returned 21.18% vs 30.76% for IDUB. Their 0.31 correlation means their historical movements had little consistent relationship. LSEQ charges 1.70%/yr vs 0.45%/yr for IDUB.

Performance

LSEQ vs. IDUB - Performance Comparison

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

Returns By Period

In the year-to-date period, LSEQ achieves a 19.52% return, which is significantly higher than IDUB's 15.77% return.

LSEQ

• 1D: -3.11%
• 1M: -4.11%
• 6M: 7.53%
• YTD: 19.52%
• 1Y: 21.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.07%

IDUB

• 1D: 0.49%
• 1M: 0.49%
• 6M: 8.88%
• YTD: 15.77%
• 1Y: 30.76%
• 3Y*: 16.93%
• 5Y*: 6.08%
• 10Y*: —
• ALL TIME*: 6.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IDUB Aptus International Enhanced Yield ETF	$938.24K	$1.05M	$895.28K
LSEQ Harbor Long-Short Equity ETF	$52.67K	$50.40K	$61.03K

LSEQ vs. IDUB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LSEQ Harbor Long-Short Equity ETF	19.52%	4.13%	12.80%	-1.20%
IDUB Aptus International Enhanced Yield ETF	15.77%	27.53%	6.12%	3.08%

Correlation

The correlation between LSEQ and IDUB is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Dec 4, 2023	0.31

Over the past year, LSEQ and IDUB have become more correlated (0.52) than their long-term average of 0.31, meaning their price movements have been converging.

LSEQ vs. IDUB - Sectors Allocation Comparison

Sectors	LSEQ	IDUB
Technology	21.2%	21.0%
Healthcare	17.4%	6.8%
Basic Materials	15.0%	7.6%
Consumer Cyclical	12.7%	8.2%
Industrials	9.8%	15.6%
Communication Services	9.3%	4.4%
Energy	6.8%	4.7%
Utilities	4.3%	3.0%
Consumer Defensive	3.0%	4.8%
Financial Services	0.6%	21.7%
Real Estate	-	2.4%

Return for Risk

LSEQ vs. IDUB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LSEQ

LSEQ Risk / Return Rank: 53
LSEQ Sharpe Ratio Rank: 47
LSEQ Sortino Ratio Rank: 46
LSEQ Omega Ratio Rank: 45
LSEQ Calmar Ratio Rank: 68
LSEQ Martin Ratio Rank: 61

IDUB

IDUB Risk / Return Rank: 76
IDUB Sharpe Ratio Rank: 77
IDUB Sortino Ratio Rank: 76
IDUB Omega Ratio Rank: 78
IDUB Calmar Ratio Rank: 72
IDUB Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LSEQ vs. IDUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Long-Short Equity ETF (LSEQ) and Aptus International Enhanced Yield ETF (IDUB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LSEQ	IDUB	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.87	-0.64
Sortino ratio: Return per unit of downside risk	1.77	2.60	-0.84
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	2.51	2.70	-0.19
Martin ratio: Return relative to average drawdown	7.61	10.35	-2.74

LSEQ vs. IDUB - Sharpe Ratio Comparison

The current LSEQ Sharpe Ratio is 1.23, which is lower than the IDUB Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of LSEQ and IDUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LSEQ vs. IDUB - Drawdown Comparison

The maximum LSEQ drawdown since its inception was -8.47%, smaller than the maximum IDUB drawdown of -29.20%. Use the drawdown chart below to compare losses from any high point for LSEQ and IDUB.

Drawdown Indicators

	LSEQ	IDUB	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-29.20%	+20.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	-11.46%	+2.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.20%	—
Current Drawdown Current decline from peak	-8.47%	-1.47%	-7.00%
Average Drawdown Average peak-to-trough decline	-3.24%	-10.87%	+7.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.98%	-0.19%

Volatility

LSEQ vs. IDUB - Volatility Comparison

Harbor Long-Short Equity ETF (LSEQ) has a higher volatility of 7.34% compared to Aptus International Enhanced Yield ETF (IDUB) at 4.85%. This indicates that LSEQ's price experiences larger fluctuations and is considered to be riskier than IDUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSEQ	IDUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	4.85%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	14.32%	14.52%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	17.34%	16.53%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	14.84%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	14.81%	+0.20%

LSEQ vs. IDUB - Expense Ratio Comparison

LSEQ has a 1.70% expense ratio, which is higher than IDUB's 0.45% expense ratio.

Dividends

LSEQ vs. IDUB - Dividend Comparison

LSEQ's dividend yield for the trailing twelve months is around 1.84%, less than IDUB's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021
IDUB Aptus International Enhanced Yield ETF	4.57%	4.90%	5.64%	3.71%	2.62%	1.38%
LSEQ Harbor Long-Short Equity ETF	1.84%	2.20%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LSEQ and IDUB in my portfolio?

LSEQ and IDUB 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 is riskier, LSEQ or IDUB?

LSEQ has higher volatility (7.34%) compared to IDUB (4.85%). In terms of maximum drawdown, LSEQ dropped -8.47% vs IDUB's -29.20%.

Which ETF is better, LSEQ or IDUB?

On 1-year performance, IDUB leads with 30.76% vs 21.18% for LSEQ. On fees, IDUB is cheaper at 0.45% per year. On volatility, IDUB has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LSEQ or IDUB?

Over the 1-year period, IDUB has performed better with a 30.76% return vs 21.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LSEQ or IDUB?

IDUB is cheaper with a 0.45% expense ratio, compared with 1.70% for LSEQ.

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

IDUB has the higher dividend yield at 4.57%, compared with 1.84% for LSEQ.

What is the main difference between LSEQ and IDUB?

They also come from different issuers: Harbor and Aptus. Their fees differ too: 1.70% for LSEQ and 0.45% for IDUB.

Which has better risk-adjusted returns?

IDUB currently has the higher Sharpe Ratio (1.87 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.