HACAX vs. VOOG
Compare and contrast key facts about Harbor Capital Appreciation Fund Class I (HACAX) and Vanguard S&P 500 Growth ETF (VOOG).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987. VOOG is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HACAX or VOOG.
Key characteristics
| HACAX | VOOG | |
|---|---|---|
| YTD Return | 7.97% | 8.32% |
| 1Y Return | 38.52% | 26.57% |
| 3Y Return (Ann) | 4.67% | 6.26% |
| 5Y Return (Ann) | 15.32% | 14.19% |
| 10Y Return (Ann) | 15.20% | 13.97% |
| Sharpe Ratio | 2.17 | 1.91 |
| Daily Std Dev | 17.83% | 13.90% |
| Max Drawdown | -63.00% | -32.73% |
| Current Drawdown | -6.24% | -4.50% |
Correlation
The correlation between HACAX and VOOG is 0.93, 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. VOOG - Performance Comparison
The year-to-date returns for both investments are quite close, with HACAX having a 7.97% return and VOOG slightly higher at 8.32%. Over the past 10 years, HACAX has outperformed VOOG with an annualized return of 15.20%, while VOOG has yielded a comparatively lower 13.97% 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. VOOG - Expense Ratio Comparison
HACAX has a 0.71% expense ratio, which is higher than VOOG's 0.10% expense ratio.
Risk-Adjusted Performance
HACAX vs. VOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Capital Appreciation Fund Class I (HACAX) and Vanguard S&P 500 Growth ETF (VOOG). 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. VOOG - Dividend Comparison
HACAX has not paid dividends to shareholders, while VOOG's dividend yield for the trailing twelve months is around 0.91%.
| 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% |
VOOG Vanguard S&P 500 Growth ETF | 0.91% | 1.12% | 0.93% | 0.53% | 0.88% | 1.26% | 1.34% | 1.32% | 1.47% | 1.56% | 1.28% | 1.46% |
Drawdowns
HACAX vs. VOOG - Drawdown Comparison
The maximum HACAX drawdown since its inception was -63.00%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for HACAX and VOOG. For additional features, visit the drawdowns tool.
Volatility
HACAX vs. VOOG - Volatility Comparison
Harbor Capital Appreciation Fund Class I (HACAX) has a higher volatility of 6.13% compared to Vanguard S&P 500 Growth ETF (VOOG) at 5.51%. This indicates that HACAX's price experiences larger fluctuations and is considered to be riskier than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.