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.
Key characteristics
| HACAX | SPGP | |
|---|---|---|
| YTD Return | 7.97% | 2.80% |
| 1Y Return | 38.52% | 18.14% |
| 3Y Return (Ann) | 4.67% | 6.77% |
| 5Y Return (Ann) | 15.32% | 14.33% |
| 10Y Return (Ann) | 15.20% | 14.35% |
| Sharpe Ratio | 2.17 | 1.35 |
| Daily Std Dev | 17.83% | 13.58% |
| Max Drawdown | -63.00% | -42.08% |
| Current Drawdown | -6.24% | -5.91% |
Correlation
The correlation between HACAX and SPGP is 0.77, 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
In the year-to-date period, HACAX achieves a 7.97% return, which is significantly higher than SPGP's 2.80% return. Over the past 10 years, HACAX has outperformed SPGP with an annualized return of 15.20%, while SPGP has yielded a comparatively lower 14.35% 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. 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 1.34%.
| 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% |
SPGP Invesco S&P 500 GARP ETF | 1.34% | 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 -63.00%, 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 6.13% compared to Invesco S&P 500 GARP ETF (SPGP) at 4.26%. 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.