HAPS vs. IWM
Compare and contrast key facts about Harbor Human Capital Factor US Small Cap ETF (HAPS) and iShares Russell 2000 ETF (IWM).
HAPS and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HAPS is a passively managed fund by Harbor that tracks the performance of the Human Capital Factor Small Cap Index - Benchmark TR Gross. It was launched on Apr 12, 2023. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both HAPS and IWM 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: HAPS or IWM.
Key characteristics
| HAPS | IWM | |
|---|---|---|
| YTD Return | 3.24% | 9.90% |
| 1Y Return | 16.33% | 21.95% |
| Sharpe Ratio | 0.73 | 0.99 |
| Daily Std Dev | 21.64% | 21.42% |
| Max Drawdown | -19.39% | -59.05% |
| Current Drawdown | -1.51% | -6.09% |
Correlation
The correlation between HAPS and IWM is 0.97, 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.
Performance
HAPS vs. IWM - Performance Comparison
In the year-to-date period, HAPS achieves a 3.24% return, which is significantly lower than IWM's 9.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HAPS vs. IWM - Expense Ratio Comparison
HAPS has a 0.60% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
HAPS vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Human Capital Factor US Small Cap ETF (HAPS) and iShares Russell 2000 ETF (IWM). 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.
Dividends
HAPS vs. IWM - Dividend Comparison
HAPS's dividend yield for the trailing twelve months is around 0.41%, less than IWM's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAPS Harbor Human Capital Factor US Small Cap ETF | 0.41% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.21% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
HAPS vs. IWM - Drawdown Comparison
The maximum HAPS drawdown since its inception was -19.39%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for HAPS and IWM. For additional features, visit the drawdowns tool.
Volatility
HAPS vs. IWM - Volatility Comparison
Harbor Human Capital Factor US Small Cap ETF (HAPS) and iShares Russell 2000 ETF (IWM) have volatilities of 6.28% and 6.38%, 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.