EPAI vs. HAPS
EPAI (Harbor AI Inflection Strategy ETF) and HAPS (Harbor Human Capital Factor US Small Cap ETF) are both exchange-traded funds - EPAI is a Technology Equities fund actively managed by Harbor, while HAPS is a Small Cap Blend Equities fund tracking the Human Capital Factor Small Cap Index - Benchmark TR Gross. EPAI is actively managed, while HAPS is passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. EPAI charges 0.88%/yr vs 0.60%/yr for HAPS.
Performance
EPAI vs. HAPS - Performance Comparison
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Returns By Period
In the year-to-date period, EPAI achieves a 37.87% return, which is significantly higher than HAPS's 22.02% return.
EPAI
- 1D
- -0.53%
- 1M
- -4.14%
- 6M
- 26.59%
- YTD
- 37.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HAPS
- 1D
- -0.62%
- 1M
- 1.56%
- 6M
- 16.96%
- YTD
- 22.02%
- 1Y
- 33.23%
- 3Y*
- 13.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.65K | $19.23K | $25.71K | |
| $750.94 | $1.62K | $1.61K |
EPAI vs. HAPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EPAI Harbor AI Inflection Strategy ETF | 37.87% | -0.33% |
HAPS Harbor Human Capital Factor US Small Cap ETF | 22.02% | -0.93% |
Correlation
The correlation between EPAI and HAPS is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.48 |
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Return for Risk
EPAI vs. HAPS — Risk / Return Rank
EPAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HAPS
EPAI vs. HAPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor AI Inflection Strategy ETF (EPAI) and Harbor Human Capital Factor US Small Cap ETF (HAPS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| EPAI | HAPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.34 | — |
| Martin ratioReturn relative to average drawdown | — | 11.50 | — |
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Drawdowns
EPAI vs. HAPS - Drawdown Comparison
The maximum EPAI drawdown since its inception was -23.61%, smaller than the maximum HAPS drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for EPAI and HAPS.
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Drawdown Indicators
| EPAI | HAPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -27.44% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.44% | — |
Current DrawdownCurrent decline from peak | -13.41% | -0.62% | -12.79% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -5.85% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.90% | — |
Volatility
EPAI vs. HAPS - Volatility Comparison
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Volatility by Period
| EPAI | HAPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.97% | 16.69% | +20.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.97% | 20.52% | +16.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 20.52% | +16.45% |
EPAI vs. HAPS - Expense Ratio Comparison
EPAI has a 0.88% expense ratio, which is higher than HAPS's 0.60% expense ratio.
Dividends
EPAI vs. HAPS - Dividend Comparison
EPAI has not paid dividends to shareholders, while HAPS's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EPAI Harbor AI Inflection Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HAPS Harbor Human Capital Factor US Small Cap ETF | 0.46% | 0.57% | 0.72% | 0.42% |
Frequently Asked Questions
EPAI and HAPS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HAPS is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HAPS is cheaper with a 0.60% expense ratio, compared with 0.88% for EPAI.
HAPS has the higher dividend yield at 0.46%, compared with 0.00% for EPAI.
EPAI is categorized as Technology Equities, while HAPS is Small Cap Blend Equities. Their fees differ too: 0.88% for EPAI and 0.60% for HAPS.
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