Correlation
The correlation between HAPI and SPY is 0.98, 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. SPY
Compare and contrast key facts about Harbor Corporate Culture ETF (HAPI) and SPDR S&P 500 ETF (SPY).
HAPI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HAPI and SPY 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 SPY.
Performance
HAPI vs. SPY - Performance Comparison
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Key characteristics
HAPI:
0.74
SPY:
0.70
HAPI:
1.03
SPY:
1.02
HAPI:
1.15
SPY:
1.15
HAPI:
0.67
SPY:
0.68
HAPI:
2.56
SPY:
2.57
HAPI:
5.13%
SPY:
4.93%
HAPI:
19.95%
SPY:
20.42%
HAPI:
-19.46%
SPY:
-55.19%
HAPI:
-3.02%
SPY:
-3.55%
Returns By Period
In the year-to-date period, HAPI achieves a 1.95% return, which is significantly higher than SPY's 0.87% return.
HAPI
1.95%
6.50%
-0.51%
14.74%
N/A
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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HAPI vs. SPY - Expense Ratio Comparison
HAPI has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HAPI vs. SPY — Risk-Adjusted Performance Rank
HAPI
SPY
HAPI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HAPI's dividend yield for the trailing twelve months is around 0.21%, less than SPY's 1.22% 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% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HAPI vs. SPY - Drawdown Comparison
The maximum HAPI drawdown since its inception was -19.46%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HAPI and SPY.
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Volatility
HAPI vs. SPY - Volatility Comparison
The current volatility for Harbor Corporate Culture ETF (HAPI) is 4.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that HAPI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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