- ISIN
- US41151J8514
- Issuer
- Harbor
- Inception Date
- Apr 12, 2023
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Human Capital Factor Small Cap Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $160M
Share Price Chart
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Performance
HAPS Performance Chart
Harbor Human Capital Factor US Small Cap ETF (HAPS) is up 11.5% since the beginning of the year. HAPS is currently trading at $35 per share.
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Returns By Period
Harbor Human Capital Factor US Small Cap ETF (HAPS) has returned 11.51% so far this year and 29.51% over the past 12 months.
Harbor Human Capital Factor US Small Cap ETF
- 1D
- -0.10%
- 1M
- 1.27%
- YTD
- 11.51%
- 6M
- 13.23%
- 1Y
- 29.51%
- 3Y*
- 12.03%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
HAPS Monthly Returns History
Based on dividend-adjusted daily data since Apr 13, 2023, HAPS's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Dec 2023 with a return of +11.9%, while the worst month was Dec 2024 at -8.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HAPS closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.2%, while the worst single day was Apr 3, 2025 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.42% | 1.03% | -4.15% | 10.62% | 1.51% | 0.12% | 11.51% | ||||||
| 2025 | 2.80% | -4.34% | -6.99% | -2.59% | 4.56% | 4.20% | 1.46% | 7.56% | 1.39% | -1.31% | 1.48% | 0.71% | 8.35% |
| 2024 | -5.19% | 4.02% | 1.08% | -6.46% | 4.45% | -2.41% | 10.28% | -1.54% | 1.07% | -1.68% | 10.65% | -8.29% | 4.08% |
| 2023 | -1.95% | -2.03% | 7.73% | 5.69% | -5.99% | -6.00% | -7.13% | 11.92% | 11.94% | 12.44% |
Benchmark Metrics
Harbor Human Capital Factor US Small Cap ETF has an annualized alpha of -8.93%, beta of 1.10, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since April 14, 2023.
- This ETF participated in 155.40% of S&P 500 Index downside but only 95.33% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -8.93% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.10 and R2 of 0.61, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -8.93%
- Beta
- 1.10
- R²
- 0.61
- Upside Capture
- 95.33%
- Downside Capture
- 155.40%
Expense Ratio
HAPS has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HAPS ranks 52 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Harbor Human Capital Factor US Small Cap ETF (HAPS) and compare them to S&P 500 Index.
| HAPS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 2.39 | -0.64 |
Sortino ratioReturn per unit of downside risk | 2.57 | 3.25 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.11 | -0.15 |
Martin ratioReturn relative to average drawdown | 9.97 | 14.38 | -4.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Harbor Human Capital Factor US Small Cap ETF provided a 0.51% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.21 | $0.12 |
Dividend yield | 0.51% | 0.57% | 0.72% | 0.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Harbor Human Capital Factor US Small Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.12 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Harbor Human Capital Factor US Small Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Harbor Human Capital Factor US Small Cap ETF was 27.44%, occurring on Apr 8, 2025. Recovery took 170 trading sessions.
The current Harbor Human Capital Factor US Small Cap ETF drawdown is 0.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -27.44%Apr 2025 | 4mo 27d | 8mo 6d | 1y 28dNov 2024 - Dec 2025 |
2023 correction2023 | -19.39%Oct 2023 | 2mo 27d | 1mo 18d | 4mo 15dAug 2023 - Dec 2023 |
2026 correction2026 | -10.01%Mar 2026 | 1mo 26d | 27d | 2mo 23dJan 2026 - Apr 2026 |
2024 pullback2024 | -9.86%Aug 2024 | 4d | 1mo 15d | 1mo 19dAug 2024 - Sep 2024 |
2024 pullback2024 | -9.57%Apr 2024 | 3mo 22d | 2mo 29d | 6mo 21dDec 2023 - Jul 2024 |
Drawdown Indicators
| HAPS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -56.78% | +29.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -9.10% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -27.44% | -18.90% | -8.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.26% | 0.00% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -10.72% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 1.97% | +1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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