Correlation
The correlation between HAPI and QQQ is 0.94, 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.
HAPI vs. QQQ
Compare and contrast key facts about Harbor Corporate Culture ETF (HAPI) and Invesco QQQ (QQQ).
HAPI and QQQ 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 Funds that tracks the performance of the CIBC Human Capital Index. It was launched on Oct 12, 2022. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both HAPI and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HAPI or QQQ.
Performance
HAPI vs. QQQ - Performance Comparison
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Key characteristics
HAPI:
0.70
QQQ:
0.57
HAPI:
1.05
QQQ:
0.95
HAPI:
1.15
QQQ:
1.13
HAPI:
0.69
QQQ:
0.62
HAPI:
2.60
QQQ:
2.03
HAPI:
5.13%
QQQ:
7.02%
HAPI:
19.97%
QQQ:
25.60%
HAPI:
-19.46%
QQQ:
-82.98%
HAPI:
-3.01%
QQQ:
-3.49%
Returns By Period
In the year-to-date period, HAPI achieves a 1.97% return, which is significantly higher than QQQ's 1.85% return.
HAPI
1.97%
6.85%
0.05%
13.87%
N/A
N/A
N/A
QQQ
1.85%
9.34%
3.21%
14.61%
19.74%
18.12%
17.67%
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HAPI vs. QQQ - Expense Ratio Comparison
HAPI has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
HAPI vs. QQQ — Risk-Adjusted Performance Rank
HAPI
QQQ
HAPI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and Invesco QQQ (QQQ). 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.
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Dividends
HAPI vs. QQQ - Dividend Comparison
HAPI's dividend yield for the trailing twelve months is around 0.21%, less than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAPI Harbor Corporate Culture ETF | 0.21% | 0.21% | 1.21% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
HAPI vs. QQQ - Drawdown Comparison
The maximum HAPI drawdown since its inception was -19.46%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HAPI and QQQ.
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Volatility
HAPI vs. QQQ - Volatility Comparison
The current volatility for Harbor Corporate Culture ETF (HAPI) is 4.51%, while Invesco QQQ (QQQ) has a volatility of 5.60%. This indicates that HAPI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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