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 | 29.69% | 28.75% |
| 1Y Return | 37.59% | 37.45% |
| 3Y Return (Ann) | -0.67% | 12.20% |
| 5Y Return (Ann) | 9.80% | 22.66% |
| 10Y Return (Ann) | 7.26% | 20.88% |
| Sharpe Ratio | 2.19 | 1.93 |
| Sortino Ratio | 2.89 | 2.49 |
| Omega Ratio | 1.40 | 1.34 |
| Calmar Ratio | 1.34 | 2.67 |
| Martin Ratio | 10.51 | 9.63 |
| Ulcer Index | 3.86% | 4.23% |
| Daily Std Dev | 18.54% | 21.17% |
| Max Drawdown | -68.72% | -54.81% |
| Current Drawdown | -3.46% | -0.86% |
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
The year-to-date returns for both stocks are quite close, with HACAX having a 29.69% return and VITAX slightly lower at 28.75%. Over the past 10 years, HACAX has underperformed VITAX with an annualized return of 7.26%, while VITAX has yielded a comparatively higher 20.88% 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 0.60%.
| 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% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.30% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
Drawdowns
HACAX vs. VITAX - Drawdown Comparison
The maximum HACAX drawdown since its inception was -68.72%, 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 4.81%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 5.97%. 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.