IVV vs LSEQ
iShares Core S&P 500 ETF vs Harbor Long-Short Equity ETF
Quick Verdict
IVV has a lower expense ratio. LSEQ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LSEQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.28% | |
| AUM | $907.0B | $15M | |
| Dividend Yield | 1.10% | 1.79% | |
| Holdings | 508 | 155 | |
| YTD Return | +13.51% | +27.79% | |
| 1Y Return | +20.65% | +31.75% | |
| 3Y Return (annualized) | +21.94% | - | |
| 5Y Return (annualized) | +12.95% | - | |
| Volatility (annualized) | 15.1% | 14.3% | |
| Max Drawdown | -56.5% | -10.9% | |
| Fund Family | iShares by BlackRock (US) | Harbor Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 3, 2023 |
IVV vs LSEQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Harbor Long-Short Equity ETF (LSEQ) is a ETF from Harbor Funds. Over the past year IVV returned +20.65% while LSEQ returned +31.75%. Year to date, IVV is up 13.51% versus a gain of 27.79% for LSEQ.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.3% for LSEQ. 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 -56.5% for IVV and -10.9% for LSEQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 1.79% for LSEQ.
Holdings Overlap
IVV and LSEQ share 77 holdings out of 582 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $225 per year of difference.
Which performed better, IVV or LSEQ?
Over the past year IVV returned +20.65% vs +31.75% for LSEQ, so LSEQ leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.02% vs +15.85% for LSEQ. Past performance does not guarantee future results.
Which is riskier, IVV or LSEQ?
IVV has been the more volatile fund at 15.1% annualized versus 14.3% for LSEQ. Worst drawdown: IVV -56.5% vs LSEQ -10.9%.
Should I hold both IVV and LSEQ?
IVV and LSEQ have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LSEQ?
IVV and LSEQ share 77 common holdings with a 7.8% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, IVV or LSEQ?
IVV yields 1.10% while LSEQ yields 1.79%, so LSEQ currently pays the higher dividend yield.
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