Harbor Long-Short Equity ETF (LSEQ) — Stock Correlations & Overview
Over the past year, LSEQ has moved most closely with PPI, GMOM, HAP. Explore the stocks most correlated and inversely correlated with LSEQ below, along with its price, financials, and company profile.
Stocks correlated with LSEQ
Correlation of daily returns. Higher positive values move with LSEQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with LSEQ
| Symbol | Company | Correlation |
|---|---|---|
| PPI | Investment Managers Series Trust II Astoria Real Assets ETF | 0.65 |
| GMOM | Cambria Global Momentum ETF | 0.64 |
| HAP | VanEck Natural Resources ETF | 0.64 |
| MGNR | American Beacon GLG Natural Resources ETF | 0.64 |
| LENS | Sarmaya Thematic ETF | 0.63 |
Most inversely correlated with LSEQ
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.55 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.54 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.54 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.53 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.53 |
Frequently asked questions about LSEQ correlations
- Which stocks are most correlated with LSEQ?
- Based on one year of daily returns, the stocks most correlated with Harbor Long-Short Equity ETF (LSEQ) are PPI (0.65), GMOM (0.64) and HAP (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LSEQ?
- Over the past year, the stocks most inversely correlated with Harbor Long-Short Equity ETF (LSEQ) are DUST (-0.55), GDXD (-0.54) and JDST (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LSEQ correlations calculated?
- We compute the correlation of daily returns between LSEQ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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