ETF Evaluator:
Harbor Long-Short Equity ETF ()
Follow This ETF
(as of Nov 12)
Best Performing in Long-Short Equity Over the Last Year
| 23.6% | Convergence Long/Short Equity ETF (CLSE) |
| 23.3% | Harbor Long-Short Equity ETF (LSEQ) |
| 22.3% | Militia Long/Short Equity ETF (ORR) |
| 20.2% | Leatherback Long/Short Alt Yld ETF (LBAY) |
| 15.5% | Efficient Market Portfolio Plus ETF (EMPB) |
Risk
Index
Risk
Index
ETF Details
Harbor Long-Short Equity ETF Overview
Harbor Long-Short Equity ETF (LSEQ) is an actively managed Nontraditional Equity Long-Short Equity exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2023.
The investment seeks long-term growth of capital.
Under normal market circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in long and short positions in equity securities. The fund advisor seeks to achieve the fund's investment objective by establishing long and/or short positions in equity securities.
About Harbor Long-Short Equity ETF (LSEQ)
There are 1 members of the management team with an average tenure of 2.91 years: Kevin Shea (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and HFRX Equity Hedge USD index with a weighting of 100%. Harbor Long-Short Equity ETF has 145 securities in its portfolio. The top 10 holdings constitute 26.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Harbor Long-Short Equity ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Harbor Long-Short Equity ETF has 0.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.8% There is 0.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Harbor Long-Short Equity ETF has 44.9% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $300 million average for the Long-Short Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LSEQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Harbor Long-Short Equity ETF expense ratio is high compared to funds in the Long-Short Equity category. Harbor Long-Short Equity ETF has an expense ratio of 2.28%, which is the same as its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Harbor Long-Short Equity ETF has a portfolio turnover rate of 308%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 179% for the Long-Short Equity category.
Recently, in the month of October 2026, Harbor Long-Short Equity ETF returned 2.9%, which earned it a grade of A, as the Long-Short Equity category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Harbor Long-Short Equity ETF has a trailing yield of 1.75%, which is above the 1.38% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Harbor Long-Short Equity ETF Grades
Year to date, the ETF has returned 25.6%, 12.1 percentage points better than the category, which translates into a grade of A. The fund has returned 23.3% over the past year (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Harbor Long-Short Equity ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
LSEQ Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LSEQ Return (NAV) | 2.9% | 1.8% | 23.3% | na | na | na |
| LSEQ Return (Price) | 3.3% | 2.1% | 23.7% | na | na | na |
| NAV +/- Price Return | -0.491% | -0.252% | -0.381% | na | na | na |
| Long-Short Equity Avg | -1.1% | 0.7% | 13.4% | 15.1% | 11.5% | 12.2% |
| LSEQ Grade (NAV) | A | B | A | na | na | na |
| +/- Category (NAV) | 3.9% | 1.1% | 9.9% | na | na | na |
| LSEQ Tax-Cost Ratio | na | na | 0.7% | na | na | na |
LSEQ Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LSEQ Return (NAV) | 25.6% | 3.0% | 14.1% | na | na | na | na | na | na | na | na |
| LSEQ Return (Price) | 25.9% | 2.9% | 14.1% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.014% | -0.026% | -0.000% | na | na | na | na | na | na | na | na |
| Long-Short Equity Avg | 13.4% | 9.4% | 16.4% | 8.7% | 3.3% | 24.9% | -2.3% | 15.4% | -3.4% | 15.9% | 9.6% |
| LSEQ Grade (NAV) | A | F | D | na | na | na | na | na | na | na | na |
| +/- Category | 12.1% | -6.5% | -2.3% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.8% |
| Total Assets: | $ 17 Mil |
| Share Class Assets: | $ 17 Mil |
| Turnover: | 308.0% |
| Expense Ratio: | 2.28% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Shea Kevin (2023) | |||
Portfolio Composition (as of 10/31/26)
| # of Holdings: | 145 |
| % in Top 10 Holdings: | 26.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.2% |
Portfolio Allocation |
|
| Domestic Stock: | 54.8% |
| Foreign Stock: | 0.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 44.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | December 4, 2023 |
Expenses and Fees
| Expense Ratio (%): | 2.28% (Rating: High) |
| Category Average Expense Ratio (%): | 2.27% |
