Harbor Mid Cap Value Fund Retirement Class (HNMVX) Sharpe Ratio: 2.78

HNMVX's Sharpe Ratio of 2.78 indicates that for each unit of volatility, it generates 2.78 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 29, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HNMVX Sharpe Ratio Rank

Exceptional

HNMVX ranks above 96.7% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

HNMVX Sharpe Ratio Market Positioning

The chart shows HNMVX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.89 or lower
Yellow zone (middle 50%): 0.89 to 1.75
Green zone (top 25%): 1.75 or higher
Top 1%: 3.75+
Median: 1.37 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Harbor Mid Cap Value Fund Retirement Class's Sharpe Ratio with other mutual funds in the Mid Cap Value Equities category across multiple time periods, showing how HNMVX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 29, 2026.

Symbol	Name	1Y Sharpe Ratio
HNMVX	Harbor Mid Cap Value Fund Retirement Class	2.78
HAMVX	Harbor Mid Cap Value Fund	2.78
NAMAX	Columbia Select Mid Cap Value Fund	2.47
NCBVX	PGIM Quant Solutions Mid-Cap Value Fund	2.33
FCMVX	Fidelity Mid Cap Value K6 Fund	2.21
FASOX	Fidelity Advisor Value Strategies Fund Class I	2.21
FIDFX	Fidelity Advisor Mid Cap Value Fund Class Z	2.19
FSMVX	Fidelity Mid Cap Value Fund	2.18
FMPOX	Fidelity Advisor Mid Cap Value Fund Class I	2.18
FASPX	Fidelity Advisor Value Strategies Fund Class M	2.17

Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows HNMVX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HNMVX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does HNMVX fit in your portfolio?

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