HAPI vs. SCHD

Last updated Jun 24, 2026

HAPI (Harbor Corporate Culture ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - HAPI is a Large Cap Blend Equities fund tracking the CIBC Human Capital Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 3 years, HAPI returned 20.53%/yr vs 14.60%/yr for SCHD. A 0.61 correlation means they provide meaningful diversification when combined. HAPI charges 0.35%/yr vs 0.06%/yr for SCHD.

Performance

HAPI vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Corporate Culture ETF (HAPI) and Schwab U.S. Dividend Equity ETF (SCHD). 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 SCHD's 17.72% return.

HAPI

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

SCHD

• 1D: 0.41%
• 1M: -2.47%
• YTD: 17.72%
• 6M: 17.25%
• 1Y: 24.56%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 12.72%

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

HAPI vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HAPI Harbor Corporate Culture ETF	6.59%	16.26%	27.62%	30.29%	10.38%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	13.52%

Correlation

The correlation between HAPI and SCHD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Oct 13, 2022	0.61

The correlation between HAPI and SCHD shifts across timeframes, from 0.41 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

HAPI vs. SCHD - Sectors Allocation Comparison

Sectors	HAPI	SCHD
Technology	32.0%	19.4%
Communication Services	14.9%	6.0%
Financial Services	12.5%	9.1%
Industrials	9.1%	7.4%
Consumer Cyclical	9.0%	6.7%
Healthcare	7.9%	18.4%
Consumer Defensive	5.9%	18.5%
Energy	3.0%	14.6%
Utilities	2.7%	0.0%
Real Estate	1.5%	-
Basic Materials	1.5%	1.2%

Return for Risk

HAPI vs. SCHD — 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

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.23	-0.55
Sortino ratio: Return per unit of downside risk	2.39	3.40	-1.01
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	2.45	5.35	-2.90
Martin ratio: Return relative to average drawdown	10.39	12.94	-2.55

HAPI vs. SCHD - Sharpe Ratio Comparison

The current HAPI Sharpe Ratio is 1.68, which is comparable to the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of HAPI and SCHD, 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. SCHD - Drawdown Comparison

The maximum HAPI drawdown since its inception was -19.46%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for HAPI and SCHD.

Drawdown Indicators

	HAPI	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-33.37%	+13.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-4.61%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	-16.13%	-3.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-2.93%	-2.47%	-0.46%
Average Drawdown Average peak-to-trough decline	-2.02%	-3.31%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.90%	+0.01%

Volatility

HAPI vs. SCHD - Volatility Comparison

Harbor Corporate Culture ETF (HAPI) has a higher volatility of 4.10% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that HAPI's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAPI	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	3.58%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	7.73%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	11.07%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	14.36%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	16.71%	-0.96%

HAPI vs. SCHD - Expense Ratio Comparison

HAPI has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

HAPI vs. SCHD - Dividend Comparison

HAPI's dividend yield for the trailing twelve months is around 0.81%, less than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAPI Harbor Corporate Culture ETF	0.81%	0.87%	0.21%	1.21%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.30%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both HAPI and SCHD in my portfolio?

HAPI and SCHD have a correlation of 0.41, 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 SCHD?

HAPI has higher volatility (4.10%) compared to SCHD (3.58%). In terms of maximum drawdown, HAPI dropped -19.46% vs SCHD's -33.37%.

Which ETF is better, HAPI or SCHD?

On 3-year performance, HAPI leads with 20.53% vs 14.60% for SCHD. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAPI or SCHD?

Over the 3-year period, HAPI has performed better with a 20.53% return vs 14.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAPI or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.35% for HAPI.

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

SCHD has the higher dividend yield at 3.30%, compared with 0.81% for HAPI.

What is the main difference between HAPI and SCHD?

HAPI is categorized as Large Cap Blend Equities, while SCHD is Dividend. HAPI tracks CIBC Human Capital Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Harbor and Charles Schwab. Their fees differ too: 0.35% for HAPI and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 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.