HAMVX vs. HACAX
HAMVX (Harbor Mid Cap Value Fund) and HACAX (Harbor Capital Appreciation Fund Class I) are both mutual funds - HAMVX is a Mid Cap Value Equities fund managed by Harbor, while HACAX is a Large Cap Growth Equities fund managed by Harbor. Over the past 10 years, HAMVX returned 11.00%/yr vs 18.27%/yr for HACAX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. HAMVX charges 0.85%/yr vs 0.71%/yr for HACAX.
Performance
HAMVX vs. HACAX - Performance Comparison
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Returns By Period
In the year-to-date period, HAMVX achieves a 23.67% return, which is significantly higher than HACAX's 4.41% return. Over the past 10 years, HAMVX has underperformed HACAX with an annualized return of 11.00%, while HACAX has yielded a comparatively higher 18.27% annualized return.
HAMVX
- 1D
- -0.38%
- 1M
- 3.19%
- 6M
- 16.15%
- YTD
- 23.67%
- 1Y
- 40.57%
- 3Y*
- 19.08%
- 5Y*
- 13.13%
- 10Y*
- 11.00%
- ALL TIME*
- 8.90%
HACAX
- 1D
- 1.16%
- 1M
- -0.47%
- 6M
- 6.49%
- YTD
- 4.41%
- 1Y
- 10.64%
- 3Y*
- 23.92%
- 5Y*
- 11.29%
- 10Y*
- 18.27%
- ALL TIME*
- 12.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HAMVX vs. HACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAMVX Harbor Mid Cap Value Fund | 23.67% | 16.00% | 12.10% | 16.42% | -5.63% | 29.93% | -3.77% | 22.93% | -17.82% | 12.01% |
HACAX Harbor Capital Appreciation Fund Class I | 4.41% | 13.95% | 46.37% | 53.74% | -37.72% | 15.32% | 54.69% | 33.42% | -1.30% | 36.68% |
Correlation
The correlation between HAMVX and HACAX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2002 | 0.72 |
Over the past year, the correlation between HAMVX and HACAX has dropped to 0.39 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
HAMVX vs. HACAX — Risk / Return Rank
HAMVX
HACAX
HAMVX vs. HACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value Fund (HAMVX) and Harbor Capital Appreciation Fund Class I (HACAX). 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.
| HAMVX | HACAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.09 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 0.47 | +5.25 |
| Martin ratioReturn relative to average drawdown | 21.43 | 1.37 | +20.06 |
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Drawdowns
HAMVX vs. HACAX - Drawdown Comparison
The maximum HAMVX drawdown since its inception was -64.17%, roughly equal to the maximum HACAX drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for HAMVX and HACAX.
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Drawdown Indicators
| HAMVX | HACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -63.05% | -1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -17.96% | +11.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -27.37% | +6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -43.52% | +22.48% |
Max Drawdown (10Y)Largest decline over 10 years | -51.44% | -43.52% | -7.92% |
Current DrawdownCurrent decline from peak | -1.31% | -5.38% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -16.17% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 6.10% | -4.28% |
Volatility
HAMVX vs. HACAX - Volatility Comparison
The current volatility for Harbor Mid Cap Value Fund (HAMVX) is 2.99%, while Harbor Capital Appreciation Fund Class I (HACAX) has a volatility of 5.07%. This indicates that HAMVX experiences smaller price fluctuations and is considered to be less risky than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAMVX | HACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 5.07% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 14.00% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 17.85% | -4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 25.96% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 24.42% | -2.62% |
HAMVX vs. HACAX - Expense Ratio Comparison
HAMVX has a 0.85% expense ratio, which is higher than HACAX's 0.71% expense ratio.
Dividends
HAMVX vs. HACAX - Dividend Comparison
HAMVX's dividend yield for the trailing twelve months is around 7.01%, less than HACAX's 10.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HACAX Harbor Capital Appreciation Fund Class I | 10.78% | 11.25% | 21.75% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% |
HAMVX Harbor Mid Cap Value Fund | 7.01% | 8.67% | 5.77% | 7.20% | 8.24% | 1.27% | 2.35% | 3.10% | 8.41% | 3.84% | 3.06% | 3.30% |
Frequently Asked Questions
HAMVX and HACAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HACAX has higher volatility (5.07%) compared to HAMVX (2.99%). In terms of maximum drawdown, HAMVX dropped -64.17% vs HACAX's -63.05%.
HAMVX currently has the higher Sharpe Ratio (3.00 vs 0.47), 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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