HACAX vs. SPGP
Compare and contrast key facts about Harbor Capital Appreciation Fund Class I (HACAX) and Invesco S&P 500 GARP ETF (SPGP).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HACAX or SPGP.
Correlation
The correlation between HACAX and SPGP is 0.75, 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. SPGP - Performance Comparison
Key characteristics
HACAX:
1.65
SPGP:
0.55
HACAX:
2.24
SPGP:
0.84
HACAX:
1.30
SPGP:
1.10
HACAX:
1.13
SPGP:
0.85
HACAX:
8.14
SPGP:
2.50
HACAX:
3.88%
SPGP:
3.25%
HACAX:
19.10%
SPGP:
14.86%
HACAX:
-68.72%
SPGP:
-42.08%
HACAX:
-3.91%
SPGP:
-7.45%
Returns By Period
In the year-to-date period, HACAX achieves a 31.39% return, which is significantly higher than SPGP's 7.30% return. Over the past 10 years, HACAX has underperformed SPGP with an annualized return of 8.01%, while SPGP has yielded a comparatively higher 13.46% annualized return.
HACAX
31.39%
4.06%
7.53%
31.00%
10.92%
8.01%
SPGP
7.30%
-4.57%
1.47%
6.89%
11.82%
13.46%
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HACAX vs. SPGP - Expense Ratio Comparison
HACAX has a 0.71% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
HACAX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Capital Appreciation Fund Class I (HACAX) and Invesco S&P 500 GARP ETF (SPGP). 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. SPGP - Dividend Comparison
HACAX has not paid dividends to shareholders, while SPGP's dividend yield for the trailing twelve months is around 1.00%.
| 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% | 0.00% | 0.00% | 0.07% | 0.24% | 0.16% | 0.11% | 0.08% | 0.08% | 0.08% |
SPGP Invesco S&P 500 GARP ETF | 1.00% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
HACAX vs. SPGP - Drawdown Comparison
The maximum HACAX drawdown since its inception was -68.72%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for HACAX and SPGP. For additional features, visit the drawdowns tool.
Volatility
HACAX vs. SPGP - Volatility Comparison
Harbor Capital Appreciation Fund Class I (HACAX) has a higher volatility of 5.45% compared to Invesco S&P 500 GARP ETF (SPGP) at 4.05%. This indicates that HACAX's price experiences larger fluctuations and is considered to be riskier than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.