HACBX vs. VTC
HACBX (Harbor Core Bond Fund) and VTC (Vanguard Total Corporate Bond ETF) are both funds - HACBX is a Intermediate Core Bond fund managed by Harbor, while VTC is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate Bond Index. Over the past 5 years, HACBX returned -0.01%/yr vs 0.35%/yr for VTC. Their correlation of 0.86 suggests significant overlap in exposure. HACBX charges 0.40%/yr vs 0.03%/yr for VTC.
Performance
HACBX vs. VTC - Performance Comparison
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Returns By Period
In the year-to-date period, HACBX achieves a 0.42% return, which is significantly lower than VTC's 0.84% return.
HACBX
- 1D
- -0.23%
- 1M
- 0.59%
- YTD
- 0.42%
- 6M
- 0.53%
- 1Y
- 4.33%
- 3Y*
- 3.95%
- 5Y*
- -0.01%
- 10Y*
- —
VTC
- 1D
- 0.14%
- 1M
- 0.79%
- YTD
- 0.84%
- 6M
- 0.89%
- 1Y
- 5.12%
- 3Y*
- 5.23%
- 5Y*
- 0.35%
- 10Y*
- —
HACBX vs. VTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HACBX Harbor Core Bond Fund | 0.42% | 7.02% | 1.57% | 5.73% | -13.36% | -1.66% | 9.10% | 8.58% | 1.75% |
VTC Vanguard Total Corporate Bond ETF | 0.84% | 7.58% | 2.15% | 8.58% | -15.68% | -1.41% | 9.30% | 14.60% | 0.56% |
Correlation
The correlation between HACBX and VTC is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2018 | 0.86 |
The correlation between HACBX and VTC has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
HACBX vs. VTC — Risk / Return Rank
HACBX
VTC
HACBX vs. VTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Core Bond Fund (HACBX) and Vanguard Total Corporate Bond ETF (VTC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HACBX | VTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.79 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.75 | 5.54 | -0.80 |
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Drawdowns
HACBX vs. VTC - Drawdown Comparison
The maximum HACBX drawdown since its inception was -18.48%, smaller than the maximum VTC drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for HACBX and VTC.
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Drawdown Indicators
| HACBX | VTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.48% | -22.05% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.88% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -6.46% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.43% | -22.05% | +3.62% |
Current DrawdownCurrent decline from peak | -1.71% | -0.74% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -5.81% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.93% | +0.03% |
Volatility
HACBX vs. VTC - Volatility Comparison
The current volatility for Harbor Core Bond Fund (HACBX) is 1.06%, while Vanguard Total Corporate Bond ETF (VTC) has a volatility of 1.20%. This indicates that HACBX experiences smaller price fluctuations and is considered to be less risky than VTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HACBX | VTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.20% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 3.31% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.34% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 7.08% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 7.67% | -2.42% |
HACBX vs. VTC - Expense Ratio Comparison
HACBX has a 0.40% expense ratio, which is higher than VTC's 0.03% expense ratio.
Dividends
HACBX vs. VTC - Dividend Comparison
HACBX's dividend yield for the trailing twelve months is around 4.52%, less than VTC's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HACBX Harbor Core Bond Fund | 4.52% | 4.50% | 4.21% | 3.83% | 3.15% | 2.18% | 4.43% | 3.55% | 1.73% | 0.00% |
VTC Vanguard Total Corporate Bond ETF | 4.92% | 4.76% | 4.50% | 3.80% | 3.13% | 2.36% | 2.69% | 3.34% | 3.53% | 0.55% |
Frequently Asked Questions
With a correlation of 0.92, HACBX and VTC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTC has higher volatility (1.20%) compared to HACBX (1.06%). In terms of maximum drawdown, HACBX dropped -18.48% vs VTC's -22.05%.
HACBX currently has the higher Sharpe Ratio (1.22 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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