HAPI vs. EBI

Last updated Jun 24, 2026

HAPI (Harbor Corporate Culture ETF) and EBI (Longview Advantage ETF) are both Large Cap Blend Equities funds. HAPI is passively managed, while EBI is actively managed. Over the past year, HAPI returned 19.78% vs 30.46% for EBI. Their correlation of 0.89 suggests significant overlap in exposure. HAPI charges 0.35%/yr vs 0.24%/yr for EBI.

Performance

HAPI vs. EBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Corporate Culture ETF (HAPI) and Longview Advantage ETF (EBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAPI achieves a 6.59% return, which is significantly lower than EBI's 13.70% return.

HAPI

• 1D: -0.74%
• 1M: -1.48%
• YTD: 6.59%
• 6M: 6.06%
• 1Y: 19.78%
• 3Y*: 20.53%
• 5Y*: —
• 10Y*: —

EBI

• 1D: -0.96%
• 1M: 0.90%
• YTD: 13.70%
• 6M: 12.56%
• 1Y: 30.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HAPI vs. EBI - Yearly Performance Comparison

	2026 (YTD)	2025
HAPI Harbor Corporate Culture ETF	6.59%	13.41%
EBI Longview Advantage ETF	13.70%	15.82%

Correlation

The correlation between HAPI and EBI is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.89

The correlation between HAPI and EBI has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

HAPI vs. EBI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAPI

HAPI Risk / Return Rank: 54
HAPI Sharpe Ratio Rank: 53
HAPI Sortino Ratio Rank: 53
HAPI Omega Ratio Rank: 50
HAPI Calmar Ratio Rank: 53
HAPI Martin Ratio Rank: 62

EBI

EBI Risk / Return Rank: 84
EBI Sharpe Ratio Rank: 84
EBI Sortino Ratio Rank: 84
EBI Omega Ratio Rank: 81
EBI Calmar Ratio Rank: 85
EBI Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HAPI vs. EBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and Longview Advantage ETF (EBI). 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.

	HAPI	EBI	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.46	-0.78
Sortino ratio: Return per unit of downside risk	2.39	3.37	-0.97
Omega ratio: Gain probability vs. loss probability	1.30	1.43	-0.14
Calmar ratio: Return relative to maximum drawdown	2.45	4.32	-1.87
Martin ratio: Return relative to average drawdown	10.39	17.50	-7.11

HAPI vs. EBI - Sharpe Ratio Comparison

The current HAPI Sharpe Ratio is 1.68, which is lower than the EBI Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of HAPI and EBI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HAPI vs. EBI - Drawdown Comparison

The maximum HAPI drawdown since its inception was -19.46%, which is greater than EBI's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for HAPI and EBI.

Drawdown Indicators

	HAPI	EBI	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-17.05%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-7.09%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	—	—
Current Drawdown Current decline from peak	-2.93%	-1.43%	-1.50%
Average Drawdown Average peak-to-trough decline	-2.02%	-2.03%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.75%	+0.16%

Volatility

HAPI vs. EBI - Volatility Comparison

Harbor Corporate Culture ETF (HAPI) and Longview Advantage ETF (EBI) have volatilities of 4.10% and 4.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAPI	EBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	4.03%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	9.27%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	12.49%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	17.88%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	17.88%	-2.13%

HAPI vs. EBI - Expense Ratio Comparison

HAPI has a 0.35% expense ratio, which is higher than EBI's 0.24% expense ratio.

Dividends

HAPI vs. EBI - Dividend Comparison

HAPI's dividend yield for the trailing twelve months is around 0.81%, less than EBI's 0.92% yield.

Position	TTM	2025	2024	2023	2022
EBI Longview Advantage ETF	0.92%	1.05%	0.00%	0.00%	0.00%
HAPI Harbor Corporate Culture ETF	0.81%	0.87%	0.21%	1.21%	0.29%

Frequently Asked Questions

Can I hold both HAPI and EBI in my portfolio?

HAPI and EBI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAPI or EBI?

HAPI has higher volatility (4.10%) compared to EBI (4.03%). In terms of maximum drawdown, HAPI dropped -19.46% vs EBI's -17.05%.

Which ETF is better, HAPI or EBI?

On 1-year performance, EBI leads with 30.46% vs 19.78% for HAPI. On fees, EBI is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAPI or EBI?

Over the 1-year period, EBI has performed better with a 30.46% return vs 19.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAPI or EBI?

EBI is cheaper with a 0.24% expense ratio, compared with 0.35% for HAPI.

Which ETF pays a higher dividend yield, HAPI or EBI?

EBI has the higher dividend yield at 0.92%, compared with 0.81% for HAPI.

What is the main difference between HAPI and EBI?

They also come from different issuers: Harbor and Longview. Their fees differ too: 0.35% for HAPI and 0.24% for EBI.

Which has better risk-adjusted returns?

EBI currently has the higher Sharpe Ratio (2.46 vs 1.68), 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.