HAPI vs. EPAI

Last updated Jun 24, 2026

HAPI (Harbor Corporate Culture ETF) and EPAI (Harbor AI Inflection Strategy ETF) are both exchange-traded funds - HAPI is a Large Cap Blend Equities fund tracking the CIBC Human Capital Index, while EPAI is a Technology Equities fund actively managed by Harbor. HAPI is passively managed, while EPAI is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. HAPI charges 0.35%/yr vs 0.88%/yr for EPAI.

Performance

HAPI vs. EPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Corporate Culture ETF (HAPI) and Harbor AI Inflection Strategy ETF (EPAI). 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 EPAI's 48.89% return.

HAPI

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

EPAI

• 1D: -4.72%
• 1M: 7.32%
• YTD: 48.89%
• 6M: 46.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HAPI vs. EPAI - Yearly Performance Comparison

	2026 (YTD)	2025
HAPI Harbor Corporate Culture ETF	6.59%	1.64%
EPAI Harbor AI Inflection Strategy ETF	48.89%	-0.33%

Correlation

The correlation between HAPI and EPAI is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.67

Return for Risk

HAPI vs. EPAI — 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

EPAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. EPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and Harbor AI Inflection Strategy ETF (EPAI). 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	EPAI	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.39	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.45	—	—
Martin ratio: Return relative to average drawdown	10.39	—	—

Drawdowns

HAPI vs. EPAI - Drawdown Comparison

The maximum HAPI drawdown since its inception was -19.46%, which is greater than EPAI's maximum drawdown of -12.31%. Use the drawdown chart below to compare losses from any high point for HAPI and EPAI.

Drawdown Indicators

	HAPI	EPAI	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-12.31%	-7.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	—	—
Current Drawdown Current decline from peak	-2.93%	-4.72%	+1.79%
Average Drawdown Average peak-to-trough decline	-2.02%	-2.65%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	HAPI	EPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	33.26%	-21.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	33.26%	-17.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	33.26%	-17.51%

HAPI vs. EPAI - Expense Ratio Comparison

HAPI has a 0.35% expense ratio, which is lower than EPAI's 0.88% expense ratio.

Dividends

HAPI vs. EPAI - Dividend Comparison

HAPI's dividend yield for the trailing twelve months is around 0.81%, while EPAI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EPAI Harbor AI Inflection Strategy ETF	0.00%	0.00%	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 EPAI in my portfolio?

HAPI and EPAI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HAPI or EPAI?

On fees, HAPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HAPI or EPAI?

HAPI is cheaper with a 0.35% expense ratio, compared with 0.88% for EPAI.

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

HAPI has the higher dividend yield at 0.81%, compared with 0.00% for EPAI.

What is the main difference between HAPI and EPAI?

HAPI is categorized as Large Cap Blend Equities, while EPAI is Technology Equities. Their fees differ too: 0.35% for HAPI and 0.88% for EPAI.