TEC vs. LSEQ

Last updated Jun 4, 2026

TEC (Harbor Transformative Technologies ETF) and LSEQ (Harbor Long-Short Equity ETF) are both exchange-traded funds - TEC is a Technology Equities fund actively managed by Harbor, while LSEQ is a Long-Short fund actively managed by Harbor. Both are actively managed. Over the past year, TEC returned 41.52% vs 25.44% for LSEQ. At a 0.24 correlation, their price movements are largely independent. TEC charges 0.69%/yr vs 1.70%/yr for LSEQ.

Performance

TEC vs. LSEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Transformative Technologies ETF (TEC) 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, TEC achieves a 20.38% return, which is significantly lower than LSEQ's 27.40% return.

TEC

• 1D: -1.25%
• 1M: 11.87%
• YTD: 20.38%
• 6M: 18.30%
• 1Y: 41.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSEQ

• 1D: 1.12%
• 1M: 4.34%
• YTD: 27.40%
• 6M: 26.84%
• 1Y: 25.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEC vs. LSEQ - Yearly Performance Comparison

	2026 (YTD)	2025
TEC Harbor Transformative Technologies ETF	20.38%	44.91%
LSEQ Harbor Long-Short Equity ETF	27.40%	-4.05%

Correlation

The correlation between TEC and LSEQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025	0.24

The correlation between TEC and LSEQ shifts across timeframes, from 0.24 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

TEC vs. LSEQ - Sectors Allocation Comparison

Sectors	TEC	LSEQ
Technology	69.5%	-10.9%
Communication Services	13.5%	7.0%
Consumer Cyclical	9.3%	17.3%
Healthcare	4.2%	14.7%
Utilities	1.5%	3.1%
Financial Services	1.1%	1.2%
Industrials	1.0%	6.5%
Basic Materials	-	27.3%
Consumer Defensive	-	5.2%
Energy	-	15.0%
Real Estate	-	-

Return for Risk

TEC vs. LSEQ — Risk / Return Rank

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

TEC

TEC Risk / Return Rank: 55
TEC Sharpe Ratio Rank: 63
TEC Sortino Ratio Rank: 58
TEC Omega Ratio Rank: 58
TEC Calmar Ratio Rank: 49
TEC Martin Ratio Rank: 45

LSEQ

LSEQ Risk / Return Rank: 54
LSEQ Sharpe Ratio Rank: 49
LSEQ Sortino Ratio Rank: 48
LSEQ Omega Ratio Rank: 49
LSEQ Calmar Ratio Rank: 69
LSEQ Martin Ratio Rank: 55

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.

TEC vs. LSEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Transformative Technologies ETF (TEC) 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.

	TEC	LSEQ	Difference
Sharpe ratio Return per unit of total volatility	2.08	1.70	+0.38
Sortino ratio Return per unit of downside risk	2.71	2.38	+0.32
Omega ratio Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio Return relative to maximum drawdown	2.38	3.45	-1.07
Martin ratio Return relative to average drawdown	7.40	9.40	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEC vs. LSEQ - Sharpe Ratio Comparison

The current TEC Sharpe Ratio is 2.08, which is comparable to the LSEQ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TEC 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.

Sharpe Ratios by Period

	TEC	LSEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.70	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	3.08	1.19	+1.89

Drawdowns

TEC vs. LSEQ - Drawdown Comparison

The maximum TEC drawdown since its inception was -17.50%, which is greater than LSEQ's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for TEC and LSEQ.

Drawdown Indicators

	TEC	LSEQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-8.35%	-9.15%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-7.40%	-10.10%
Current Drawdown Current decline from peak	-1.25%	-1.66%	+0.41%
Average Drawdown Average peak-to-trough decline	-3.46%	-3.23%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	2.78%	+2.84%

Volatility

TEC vs. LSEQ - Volatility Comparison

Harbor Transformative Technologies ETF (TEC) and Harbor Long-Short Equity ETF (LSEQ) have volatilities of 5.28% and 5.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC	LSEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	5.48%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	15.48%	12.75%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	15.09%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	14.32%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	14.32%	+6.63%

TEC vs. LSEQ - Expense Ratio Comparison

TEC has a 0.69% expense ratio, which is lower than LSEQ's 1.70% expense ratio.

Dividends

TEC vs. LSEQ - Dividend Comparison

TEC has not paid dividends to shareholders, while LSEQ's dividend yield for the trailing twelve months is around 1.73%.

Position	TTM	2025
LSEQ Harbor Long-Short Equity ETF	1.73%	2.20%
TEC Harbor Transformative Technologies ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEC and LSEQ in my portfolio?

TEC and LSEQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEC or LSEQ?

LSEQ has higher volatility (5.48%) compared to TEC (5.28%). In terms of maximum drawdown, TEC dropped -17.50% vs LSEQ's -8.35%.

Which ETF is better, TEC or LSEQ?

On 1-year performance, TEC leads with 41.52% vs 25.44% for LSEQ. On fees, TEC is cheaper at 0.69% per year. On volatility, TEC has been the lower-risk option at 5.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEC or LSEQ?

Over the 1-year period, TEC has performed better with a 41.52% return vs 25.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEC or LSEQ?

TEC is cheaper with a 0.69% expense ratio, compared with 1.70% for LSEQ.

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

LSEQ has the higher dividend yield at 1.73%, compared with 0.00% for TEC.

What is the main difference between TEC and LSEQ?

TEC is categorized as Technology Equities, while LSEQ is Long-Short. Their fees differ too: 0.69% for TEC and 1.70% for LSEQ.

Which has better risk-adjusted returns?

TEC currently has the higher Sharpe Ratio (2.08 vs 1.70), 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.