- Issuer
- Harbor
- Inception Date
- Aug 28, 2024
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $14M
Share Price Chart
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Performance
SMLL Performance Chart
Harbor Active Small Cap ETF (SMLL) is up 3.3% since the beginning of the year. SMLL is currently trading at $21 per share.
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Returns By Period
Harbor Active Small Cap ETF (SMLL) has returned 3.28% so far this year and 1.28% over the past 12 months.
Harbor Active Small Cap ETF
- 1D
- -0.42%
- 1M
- 1.12%
- YTD
- 3.28%
- 6M
- 0.86%
- 1Y
- 1.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SMLL Monthly Returns History
Based on dividend-adjusted daily data since Aug 29, 2024, SMLL's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2024 with a return of +14.0%, while the worst month was Mar 2025 at -8.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SMLL closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, while the worst single day was Apr 3, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.16% | -1.19% | -5.50% | 7.74% | 0.05% | 0.45% | 3.28% | ||||||
| 2025 | 5.26% | -1.94% | -8.50% | -4.46% | 6.04% | 2.25% | -0.02% | 4.05% | -3.75% | -1.96% | -3.22% | 0.78% | -6.31% |
| 2024 | 0.83% | 3.24% | -1.31% | 14.01% | -5.08% | 11.18% |
Benchmark Metrics
Harbor Active Small Cap ETF has an annualized alpha of -10.07%, beta of 0.96, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since August 29, 2024.
- This ETF participated in 135.96% of S&P 500 Index downside but only 68.05% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -10.07% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.96 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
- -10.07%
- Beta
- 0.96
- R²
- 0.61
- Upside Capture
- 68.05%
- Downside Capture
- 135.96%
Expense Ratio
SMLL has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMLL ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Harbor Active Small Cap ETF (SMLL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMLL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.78 | -2.70 |
| Martin ratioReturn relative to average drawdown | 0.17 | 12.44 | -12.27 |
Dividends
Dividend History
Harbor Active Small Cap ETF provided a 2.29% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.47 | $0.47 | $0.11 |
Dividend yield | 2.29% | 2.37% | 0.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Harbor Active 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 | $0.47 | $0.47 |
| 2024 | $0.11 | $0.11 |
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 Active 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 Active Small Cap ETF was 23.56%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Harbor Active Small Cap ETF drawdown is 10.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.56%Apr 2025 | 1mo 18d | — | 1y 4moFeb 2025 - now |
2025 pullback2025 | -7.08%Jan 2025 | 1mo 7d | 18d | 1mo 25dDec 2024 - Jan 2025 |
2024 pullback2024 | -4.51%Nov 2024 | 3d | 10d | 13dNov 2024 - Nov 2024 |
2024 pullback2024 | -3.64%Sep 2024 | 3d | 7d | 10dSep 2024 - Sep 2024 |
2024 pullback2024 | -3.61%Oct 2024 | 12d | 8d | 20dOct 2024 - Nov 2024 |
Drawdown Indicators
| SMLL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -56.78% | +33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -9.10% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | -10.22% | -1.80% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -10.71% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 2.03% | +5.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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