HAPI vs. GDIV

Last updated Apr 1, 2026

Compare and contrast key facts about Harbor Corporate Culture ETF (HAPI) and Harbor Dividend Growth Leaders ETF (GDIV).

HAPI and GDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HAPI is a passively managed fund by Harbor that tracks the performance of the CIBC Human Capital Index. It was launched on Oct 12, 2022. GDIV is an actively managed fund by Harbor. It was launched on Jul 26, 2013.

Performance

HAPI vs. GDIV - Performance Comparison

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

HAPI vs. GDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HAPI Harbor Corporate Culture ETF	-3.35%	16.26%	27.62%	30.29%	6.17%
GDIV Harbor Dividend Growth Leaders ETF	-0.04%	10.81%	14.83%	16.45%	7.16%

Returns By Period

In the year-to-date period, HAPI achieves a -3.35% return, which is significantly lower than GDIV's -0.04% return.

HAPI

• 1D: 2.69%
• 1M: -4.81%
• YTD: -3.35%
• 6M: -0.63%
• 1Y: 17.37%
• 3Y*: 19.69%
• 5Y*: —
• 10Y*: —

GDIV

• 1D: 2.02%
• 1M: -6.55%
• YTD: -0.04%
• 6M: 3.54%
• 1Y: 15.94%
• 3Y*: 13.25%
• 5Y*: —
• 10Y*: —

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

HAPI vs. GDIV - Expense Ratio Comparison

HAPI has a 0.35% expense ratio, which is lower than GDIV's 0.50% expense ratio.

GDIV

Harbor Dividend Growth Leaders ETF

HAPI

Harbor Corporate Culture ETF

Return for Risk

HAPI vs. GDIV — Risk / Return Rank

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

HAPI

HAPI Risk / Return Rank: 61
HAPI Sharpe Ratio Rank: 56
HAPI Sortino Ratio Rank: 58
HAPI Omega Ratio Rank: 62
HAPI Calmar Ratio Rank: 60
HAPI Martin Ratio Rank: 71

GDIV

GDIV Risk / Return Rank: 56
GDIV Sharpe Ratio Rank: 53
GDIV Sortino Ratio Rank: 55
GDIV Omega Ratio Rank: 57
GDIV Calmar Ratio Rank: 55
GDIV Martin Ratio Rank: 60

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. GDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and Harbor Dividend Growth Leaders ETF (GDIV). 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.

	HAPI	GDIV	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.93	+0.04
Sortino ratio Return per unit of downside risk	1.49	1.42	+0.07
Omega ratio Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio Return relative to maximum drawdown	1.48	1.37	+0.11
Martin ratio Return relative to average drawdown	7.15	5.89	+1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAPI vs. GDIV - Sharpe Ratio Comparison

The current HAPI Sharpe Ratio is 0.97, which is comparable to the GDIV Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of HAPI and GDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HAPI	GDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.93	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.67	+0.72

Correlation

The correlation between HAPI and GDIV is 0.85, 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.

Dividends

HAPI vs. GDIV - Dividend Comparison

HAPI's dividend yield for the trailing twelve months is around 0.90%, less than GDIV's 1.19% yield.

	TTM	2025	2024	2023	2022
HAPI Harbor Corporate Culture ETF	0.90%	0.87%	0.21%	1.21%	0.29%
GDIV Harbor Dividend Growth Leaders ETF	1.19%	1.19%	1.30%	2.27%	5.88%

Drawdowns

HAPI vs. GDIV - Drawdown Comparison

The maximum HAPI drawdown since its inception was -19.46%, roughly equal to the maximum GDIV drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for HAPI and GDIV.

Drawdown Indicators

	HAPI	GDIV	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-18.93%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-12.18%	0.00%
Current Drawdown Current decline from peak	-5.66%	-7.85%	+2.19%
Average Drawdown Average peak-to-trough decline	-2.08%	-3.26%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.84%	-0.32%

Volatility

HAPI vs. GDIV - Volatility Comparison

Harbor Corporate Culture ETF (HAPI) and Harbor Dividend Growth Leaders ETF (GDIV) have volatilities of 4.82% and 4.89%, 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	GDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.89%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	9.19%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	17.17%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	15.40%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	15.40%	+0.40%