LSEQ vs QQQ
Harbor Long-Short Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, LSEQ or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. LSEQ led over 1Y, QQQ over the full window.
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 | LSEQ | QQQ |
|---|---|---|
| Expense Ratio | 2.28% | 0.18%Best |
| AUM | $17M | $506.1B |
| Dividend Yield | 1.80% | 0.42% |
| Holdings | 314 | 321 |
| YTD Return | +23.98%Best | +19.30% |
| 1Y Return | +27.34%Best | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 14.1%Best | 16.8% |
| Max Drawdown | -10.9%Best | -22.8% |
| $10,000 over 2.9 years | $14,571 | $19,363Best |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | Dec 3, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 4, 2023 to Oct 14, 2026 (2.9 years).
LSEQ vs QQQ 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 2.9 years both funds cover.
LSEQ vs QQQ Performance
Harbor Long-Short Equity ETF (LSEQ) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LSEQ returned +27.34% while QQQ returned +22.47%. Year to date, LSEQ is up 23.98% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 14.1% 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 -10.9% for LSEQ and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
Fees and Cost Over Time
LSEQ charges 2.28% per year while QQQ charges 0.18%. On a $10,000 position that is $228 vs $18 annually, a gap of $210 per year that compounds over a long holding period. On income, LSEQ currently yields 1.80% against 0.42% for QQQ.
Holdings Overlap
At least 10.1% of QQQ's money is in holdings LSEQ also owns.
Only one direction is shown: for LSEQ, our book for it lists positions totalling 123.4% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
QQQ and LSEQ share little of their money.
16 positions in common, counted across the 141 positions we hold weights for in LSEQ and 101 in QQQ, against full books of 314 and 321.
Top Shared Holdings
| Stock | Weight in LSEQ | Weight in QQQ | Difference |
|---|---|---|---|
| PANWPalo Alto Networks Inc. | 1.10% | 1.35% | 0.25% |
| CRWDCrowdstrike Holdings Inc. Class A | 1.20% | 1.13% | 0.07% |
| FTNTFortinet Inc. | 1.10% | 0.55% | 0.55% |
| AMGNAmgen Inc. | 0.70% | 0.95% | 0.25% |
| MARMarriott International, Inc. | 1.20% | 0.39% | 0.81% |
| ROSTRoss Stores, Inc. | 1.10% | 0.31% | 0.79% |
| DDOGDatadog Inc. Class A | 0.90% | 0.38% | 0.52% |
| BKNGBooking Holdings, Inc. | 0.70% | 0.51% | 0.19% |
| CSXCsx Corp. | 0.80% | 0.36% | 0.44% |
| DXCMDexcom, Inc | 0.70% | 0.14% | 0.56% |
You are not choosing between two funds in isolation.
Whichever of LSEQ and QQQ 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, LSEQ or QQQ?
LSEQ has an expense ratio of 2.28% while QQQ charges 0.18%. QQQ is the cheaper option, by $210 a year on a $10,000 investment.
Which performed better, LSEQ or QQQ?
Over the past year LSEQ returned +27.34% vs +22.47% for QQQ, so LSEQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LSEQ or QQQ?
QQQ has been the more volatile fund at 16.8% annualized versus 14.1% for LSEQ. Worst drawdown: LSEQ -10.9% vs QQQ -22.8%.
Should I hold both LSEQ and QQQ?
LSEQ and QQQ have a monthly-return correlation of 0.19, 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 LSEQ and QQQ?
At least 10.1% of QQQ's money is in holdings LSEQ also owns. Our book for LSEQ is partial, so the real figure is this or higher. They hold 16 positions in common, counted across the 141 positions we hold weights for in LSEQ and 101 in QQQ.
Which pays a higher dividend, LSEQ or QQQ?
LSEQ yields 1.80% while QQQ yields 0.42%, so LSEQ currently pays the higher dividend yield.
Is QQQ better than LSEQ?
QQQ has a lower expense ratio. LSEQ led over 1Y, QQQ over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.