IVV vs LSEQ
iShares Core S&P 500 ETF vs Harbor Long-Short Equity ETF
Which is better, IVV or LSEQ?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over the full window, LSEQ over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | LSEQ |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.28% |
| AUM | $876.4B | $17M |
| Dividend Yield | 1.06% | 1.74% |
| Holdings | 508 | 155 |
| YTD Return | +12.39% | +22.26%Best |
| 1Y Return | +16.61% | +23.20%Best |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 11.8%Best | 14.3% |
| Max Drawdown | -18.8% | -10.9%Best |
| $10,000 over 2.8 years | $17,363Best | $14,316 |
| Fund Family | iShares by BlackRock (US) | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Dec 3, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 4, 2023 to Sep 18, 2026 (2.8 years).
IVV vs LSEQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
IVV vs LSEQ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Harbor Long-Short Equity ETF (LSEQ) is an ETF from Harbor Funds. Over the past year IVV returned +16.61% while LSEQ returned +23.20%. Year to date, IVV is up 12.39% versus a gain of 22.26% for LSEQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LSEQ has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 11.8% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.8% for IVV and -10.9% for LSEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.27. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while LSEQ charges 2.28%. On a $10,000 position that is $3 vs $228 annually, a gap of $225 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.74% for LSEQ.
Holdings Overlap
At least 18.1% of IVV's money is in holdings LSEQ also owns.
Only one direction is shown: for LSEQ, our book for it lists positions totalling 124.1% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
IVV and LSEQ share little of their money.
80 positions in common, counted across the 490 positions we hold weights for in IVV and 156 in LSEQ, against full books of 508 and 155.
Top Shared Holdings
| Stock | Weight in IVV | Weight in LSEQ | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.69% | -1.70% | 7.39% |
| NEMNewmont Corp Common | 0.20% | 2.70% | 2.50% |
| JNJJohnson & Johnson - Common | 0.97% | 1.80% | 0.83% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 0.16% | 2.60% | 2.44% |
| VLOValero Energy | 0.16% | 2.10% | 1.94% |
| LLYEli Lilly & Co. | 1.38% | 0.70% | 0.68% |
| BAXBaxter International Inc. | 0.02% | 2.00% | 1.98% |
| MPCMarathon Petroleum Corp | 0.16% | 1.70% | 1.54% |
| CRMSalesforce Inc Crm Us Equity | 0.32% | 1.10% | 0.78% |
| PANWPalo Alto Networks, Inc | 0.47% | 0.80% | 0.33% |
You are not choosing between two funds in isolation.
Whichever of IVV and LSEQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or LSEQ?
IVV has an expense ratio of 0.03% while LSEQ charges 2.28%. IVV is the cheaper option, by $225 a year on a $10,000 investment.
Which performed better, IVV or LSEQ?
Over the past year IVV returned +16.61% vs +23.20% for LSEQ, so LSEQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LSEQ?
LSEQ has been the more volatile fund at 14.3% annualized versus 11.8% for IVV. Worst drawdown: IVV -18.8% vs LSEQ -10.9%.
Should I hold both IVV and LSEQ?
IVV and LSEQ have a monthly-return correlation of 0.27, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and LSEQ?
At least 18.1% of IVV's money is in holdings LSEQ also owns. Our book for LSEQ is partial, so the real figure is this or higher. They hold 80 positions in common, counted across the 490 positions we hold weights for in IVV and 156 in LSEQ.
Which pays a higher dividend, IVV or LSEQ?
IVV yields 1.06% while LSEQ yields 1.74%, so LSEQ currently pays the higher dividend yield.
Is LSEQ better than IVV?
IVV has a lower expense ratio. IVV led over the full window, LSEQ over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.