RSEE vs. LSEQ

Last updated Aug 2, 2026

RSEE (Rareview Systematic Equity ETF) and LSEQ (Harbor Long-Short Equity ETF) are both Long-Short funds. Both are actively managed. Over the past year, RSEE returned 25.89% vs 25.08% for LSEQ. Their 0.35 correlation means their historical movements had little consistent relationship. RSEE charges 1.27%/yr vs 1.70%/yr for LSEQ.

Performance

RSEE vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Systematic Equity ETF (RSEE) 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, RSEE achieves a 10.69% return, which is significantly lower than LSEQ's 23.37% return.

RSEE

• 1D: 0.29%
• 1M: -2.61%
• 6M: 6.73%
• YTD: 10.69%
• 1Y: 25.89%
• 3Y*: 14.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.44%

LSEQ

• 1D: -0.95%
• 1M: -1.02%
• 6M: 12.72%
• YTD: 23.37%
• 1Y: 25.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.47%

*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)
LSEQ Harbor Long-Short Equity ETF	$52.86K	$48.61K	$59.18K
RSEE Rareview Systematic Equity ETF	$298.76K	$233.55K	$305.55K

RSEE vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSEE Rareview Systematic Equity ETF	10.69%	20.54%	18.54%	6.03%
LSEQ Harbor Long-Short Equity ETF	23.37%	4.13%	12.80%	-1.20%

Correlation

The correlation between RSEE and LSEQ is 0.50, 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.	0.50
Correlation (All Time) Calculated using the full available price history since Dec 4, 2023	0.35

The correlation between RSEE and LSEQ shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

RSEE vs. LSEQ - Sectors Allocation Comparison

Sectors	RSEE	LSEQ
Technology	35.3%	21.2%
Financial Services	12.5%	0.6%
Industrials	10.7%	9.8%
Consumer Cyclical	9.6%	12.7%
Communication Services	8.3%	9.3%
Healthcare	7.1%	17.4%
Consumer Defensive	4.8%	3.0%
Basic Materials	3.9%	15.0%
Energy	3.2%	6.8%
Utilities	2.3%	4.3%
Real Estate	2.2%	-

Return for Risk

RSEE vs. LSEQ — Risk / Return Rank

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

RSEE

RSEE Risk / Return Rank: 52
RSEE Sharpe Ratio Rank: 51
RSEE Sortino Ratio Rank: 49
RSEE Omega Ratio Rank: 48
RSEE Calmar Ratio Rank: 52
RSEE Martin Ratio Rank: 58

LSEQ

LSEQ Risk / Return Rank: 70
LSEQ Sharpe Ratio Rank: 64
LSEQ Sortino Ratio Rank: 64
LSEQ Omega Ratio Rank: 61
LSEQ Calmar Ratio Rank: 86
LSEQ Martin Ratio Rank: 74

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.

RSEE vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) 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.

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.

	RSEE	LSEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.50	-0.25
Sortino ratio: Return per unit of downside risk	1.76	2.12	-0.37
Omega ratio: Gain probability vs. loss probability	1.22	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	1.87	3.35	-1.49
Martin ratio: Return relative to average drawdown	7.00	9.27	-2.27

RSEE vs. LSEQ - Sharpe Ratio Comparison

The current RSEE Sharpe Ratio is 1.24, which is comparable to the LSEQ Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of RSEE and LSEQ, 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

RSEE vs. LSEQ - Drawdown Comparison

The maximum RSEE drawdown since its inception was -21.60%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for RSEE and LSEQ.

Drawdown Indicators

	RSEE	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.60%	-8.35%	-13.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-7.59%	-5.30%
Max Drawdown (3Y) Largest decline over 3 years	-21.60%	—	—
Current Drawdown Current decline from peak	-5.44%	-5.53%	+0.09%
Average Drawdown Average peak-to-trough decline	-3.77%	-3.23%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.74%	+0.69%

Volatility

RSEE vs. LSEQ - Volatility Comparison

The current volatility for Rareview Systematic Equity ETF (RSEE) is 5.69%, while Harbor Long-Short Equity ETF (LSEQ) has a volatility of 6.77%. This indicates that RSEE experiences smaller price fluctuations and is considered to be less risky than LSEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSEE	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	6.77%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	14.61%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	17.01%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.20%	14.90%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	14.90%	+4.30%

RSEE vs. LSEQ - Expense Ratio Comparison

RSEE has a 1.27% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

RSEE vs. LSEQ - Dividend Comparison

RSEE has not paid dividends to shareholders, while LSEQ's dividend yield for the trailing twelve months is around 1.78%.

Position	TTM	2025	2024	2023	2022
LSEQ Harbor Long-Short Equity ETF	1.78%	2.20%	0.00%	0.00%	0.00%
RSEE Rareview Systematic Equity ETF	0.00%	0.24%	9.02%	0.84%	1.97%

Frequently Asked Questions

Can I hold both RSEE and LSEQ in my portfolio?

RSEE and LSEQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSEE or LSEQ?

LSEQ has higher volatility (6.77%) compared to RSEE (5.69%). In terms of maximum drawdown, RSEE dropped -21.60% vs LSEQ's -8.35%.

Which ETF is better, RSEE or LSEQ?

On 1-year performance, RSEE leads with 25.89% vs 25.08% for LSEQ. On fees, RSEE is cheaper at 1.27% per year. On volatility, RSEE has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSEE or LSEQ?

Over the 1-year period, RSEE has performed better with a 25.89% return vs 25.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSEE or LSEQ?

RSEE is cheaper with a 1.27% expense ratio, compared with 1.70% for LSEQ.

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

LSEQ has the higher dividend yield at 1.78%, compared with 0.00% for RSEE.

What is the main difference between RSEE and LSEQ?

They also come from different issuers: Rareview and Harbor. Their fees differ too: 1.27% for RSEE and 1.70% for LSEQ.

Which has better risk-adjusted returns?

LSEQ currently has the higher Sharpe Ratio (1.50 vs 1.24), 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.