HACAX vs. FXAIX
Compare and contrast key facts about Harbor Capital Appreciation Fund Class I (HACAX) and Fidelity 500 Index Fund (FXAIX).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HACAX or FXAIX.
Key characteristics
| HACAX | FXAIX | |
|---|---|---|
| YTD Return | 7.97% | 6.04% |
| 1Y Return | 38.52% | 22.72% |
| 3Y Return (Ann) | 4.67% | 8.08% |
| 5Y Return (Ann) | 15.32% | 13.44% |
| 10Y Return (Ann) | 15.20% | 12.50% |
| Sharpe Ratio | 2.17 | 1.94 |
| Daily Std Dev | 17.83% | 11.68% |
| Max Drawdown | -63.00% | -33.79% |
| Current Drawdown | -6.24% | -4.08% |
Correlation
The correlation between HACAX and FXAIX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HACAX vs. FXAIX - Performance Comparison
In the year-to-date period, HACAX achieves a 7.97% return, which is significantly higher than FXAIX's 6.04% return. Over the past 10 years, HACAX has outperformed FXAIX with an annualized return of 15.20%, while FXAIX has yielded a comparatively lower 12.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HACAX vs. FXAIX - Expense Ratio Comparison
HACAX has a 0.71% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
HACAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Capital Appreciation Fund Class I (HACAX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
HACAX vs. FXAIX - Dividend Comparison
HACAX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HACAX Harbor Capital Appreciation Fund Class I | 0.00% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% | 6.52% | 3.13% |
FXAIX Fidelity 500 Index Fund | 1.38% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
HACAX vs. FXAIX - Drawdown Comparison
The maximum HACAX drawdown since its inception was -63.00%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for HACAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
HACAX vs. FXAIX - Volatility Comparison
Harbor Capital Appreciation Fund Class I (HACAX) has a higher volatility of 6.13% compared to Fidelity 500 Index Fund (FXAIX) at 3.88%. This indicates that HACAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.