HACAX vs. VITAX
Compare and contrast key facts about Harbor Capital Appreciation Fund Class I (HACAX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987. VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HACAX or VITAX.
Key characteristics
HACAX | VITAX | |
---|---|---|
YTD Return | 7.97% | 2.45% |
1Y Return | 38.52% | 29.57% |
3Y Return (Ann) | 4.67% | 10.41% |
5Y Return (Ann) | 15.32% | 19.64% |
10Y Return (Ann) | 15.20% | 19.86% |
Sharpe Ratio | 2.17 | 1.61 |
Daily Std Dev | 17.83% | 18.43% |
Max Drawdown | -63.00% | -54.81% |
Current Drawdown | -6.24% | -6.47% |
Correlation
The correlation between HACAX and VITAX is 0.92, 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. VITAX - Performance Comparison
In the year-to-date period, HACAX achieves a 7.97% return, which is significantly higher than VITAX's 2.45% return. Over the past 10 years, HACAX has underperformed VITAX with an annualized return of 15.20%, while VITAX has yielded a comparatively higher 19.86% 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. VITAX - Expense Ratio Comparison
HACAX has a 0.71% expense ratio, which is higher than VITAX's 0.10% expense ratio.
Risk-Adjusted Performance
HACAX vs. VITAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Capital Appreciation Fund Class I (HACAX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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. VITAX - Dividend Comparison
HACAX has not paid dividends to shareholders, while VITAX's dividend yield for the trailing twelve months is around 0.73%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Vanguard Information Technology Index Fund Admiral Shares | 0.73% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
Drawdowns
HACAX vs. VITAX - Drawdown Comparison
The maximum HACAX drawdown since its inception was -63.00%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for HACAX and VITAX. For additional features, visit the drawdowns tool.
Volatility
HACAX vs. VITAX - Volatility Comparison
The current volatility for Harbor Capital Appreciation Fund Class I (HACAX) is 6.13%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 6.52%. This indicates that HACAX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.