FXAIX vs. HACAX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Harbor Capital Appreciation Fund Class I (HACAX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. HACAX is managed by Harbor. It was launched on Dec 29, 1987.
Performance
FXAIX vs. HACAX - Performance Comparison
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Returns By Period
In the year-to-date period, FXAIX achieves a -3.53% return, which is significantly higher than HACAX's -10.11% return. Over the past 10 years, FXAIX has underperformed HACAX with an annualized return of 14.21%, while HACAX has yielded a comparatively higher 16.97% annualized return.
FXAIX
- 1D
- 0.12%
- 1M
- -2.24%
- YTD
- -3.53%
- 6M
- -1.39%
- 1Y
- 31.33%
- 3Y*
- 18.49%
- 5Y*
- 11.97%
- 10Y*
- 14.21%
HACAX
- 1D
- -0.11%
- 1M
- -4.23%
- YTD
- -10.11%
- 6M
- -9.75%
- 1Y
- 26.61%
- 3Y*
- 24.91%
- 5Y*
- 10.92%
- 10Y*
- 16.97%
FXAIX vs. HACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -3.53% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
HACAX Harbor Capital Appreciation Fund Class I | -10.11% | 13.95% | 46.37% | 53.74% | -37.72% | 15.32% | 54.69% | 33.42% | -1.30% | 36.68% |
Correlation
The correlation between FXAIX and HACAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
FXAIX vs. HACAX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than HACAX's 0.71% expense ratio.
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Return for Risk
FXAIX vs. HACAX — Risk / Return Rank
FXAIX
HACAX
FXAIX vs. HACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Harbor Capital Appreciation Fund Class I (HACAX). 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.
| FXAIX | HACAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.60 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.94 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.73 | +0.78 |
Martin ratioReturn relative to average drawdown | 7.11 | 2.35 | +4.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | HACAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.60 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.42 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.70 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.59 | +0.18 |
Drawdowns
FXAIX vs. HACAX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum HACAX drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for FXAIX and HACAX.
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Drawdown Indicators
| FXAIX | HACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -63.05% | +29.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -17.96% | +9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -43.52% | +19.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -43.52% | +9.73% |
Current DrawdownCurrent decline from peak | -5.44% | -14.12% | +8.68% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -16.27% | +12.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 5.59% | -3.02% |
Volatility
FXAIX vs. HACAX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 5.29%, while Harbor Capital Appreciation Fund Class I (HACAX) has a volatility of 6.91%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | HACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 6.91% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 13.16% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 20.44% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 25.90% | -8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 24.32% | -6.27% |
Dividends
FXAIX vs. HACAX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.15%, less than HACAX's 12.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 0.89% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
HACAX Harbor Capital Appreciation Fund Class I | 12.52% | 11.25% | 21.75% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% |