HAPI vs. GXLC

Last updated Jun 24, 2026

HAPI (Harbor Corporate Culture ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - HAPI tracks the CIBC Human Capital Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. HAPI charges 0.35%/yr vs 0.02%/yr for GXLC.

Performance

HAPI vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Corporate Culture ETF (HAPI) and Global X U.S. 500 ETF (GXLC). 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 GXLC's 8.31% return.

HAPI

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

GXLC

• 1D: -1.32%
• 1M: -1.12%
• YTD: 8.31%
• 6M: 7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HAPI vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
HAPI Harbor Corporate Culture ETF	6.59%	2.90%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between HAPI and GXLC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.93

Return for Risk

HAPI vs. GXLC — 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

GXLC

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. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and Global X U.S. 500 ETF (GXLC). 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	GXLC	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. GXLC - Drawdown Comparison

The maximum HAPI drawdown since its inception was -19.46%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for HAPI and GXLC.

Drawdown Indicators

	HAPI	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-9.08%	-10.38%
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%	-3.05%	+0.12%
Average Drawdown Average peak-to-trough decline	-2.02%	-1.54%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	HAPI	GXLC	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%	13.85%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	13.85%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	13.85%	+1.90%

HAPI vs. GXLC - Expense Ratio Comparison

HAPI has a 0.35% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

HAPI vs. GXLC - Dividend Comparison

HAPI's dividend yield for the trailing twelve months is around 0.81%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022
GXLC Global X U.S. 500 ETF	0.65%	0.30%	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 GXLC in my portfolio?

With a correlation of 0.93, HAPI and GXLC 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.

Which ETF is better, HAPI or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HAPI or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.35% for HAPI.

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

HAPI has the higher dividend yield at 0.81%, compared with 0.65% for GXLC.

What is the main difference between HAPI and GXLC?

HAPI tracks CIBC Human Capital Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Harbor and Global X. Their fees differ too: 0.35% for HAPI and 0.02% for GXLC.