HAPS vs. RWJ
Compare and contrast key facts about Harbor Human Capital Factor US Small Cap ETF (HAPS) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
HAPS and RWJ 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. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both HAPS and RWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HAPS vs. RWJ - Performance Comparison
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HAPS vs. RWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HAPS Harbor Human Capital Factor US Small Cap ETF | -0.82% | 8.35% | 4.08% | 12.44% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 3.96% | 7.75% | 11.81% | 12.56% |
Returns By Period
In the year-to-date period, HAPS achieves a -0.82% return, which is significantly lower than RWJ's 3.96% return.
HAPS
- 1D
- 2.66%
- 1M
- -4.15%
- YTD
- -0.82%
- 6M
- 0.03%
- 1Y
- 17.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RWJ
- 1D
- 2.60%
- 1M
- -3.49%
- YTD
- 3.96%
- 6M
- 5.17%
- 1Y
- 25.54%
- 3Y*
- 11.93%
- 5Y*
- 6.87%
- 10Y*
- 12.12%
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HAPS vs. RWJ - Expense Ratio Comparison
HAPS has a 0.60% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Return for Risk
HAPS vs. RWJ — Risk / Return Rank
HAPS
RWJ
HAPS vs. RWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Human Capital Factor US Small Cap ETF (HAPS) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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.
| HAPS | RWJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.01 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.57 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.59 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.59 | 5.69 | -1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HAPS | RWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.01 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.44 | -0.05 |
Correlation
The correlation between HAPS and RWJ is 0.92, 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.
Dividends
HAPS vs. RWJ - Dividend Comparison
HAPS's dividend yield for the trailing twelve months is around 0.57%, less than RWJ's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAPS Harbor Human Capital Factor US Small Cap ETF | 0.57% | 0.57% | 0.72% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.13% | 1.11% | 1.15% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 1.11% | 0.60% | 0.74% |
Drawdowns
HAPS vs. RWJ - Drawdown Comparison
The maximum HAPS drawdown since its inception was -27.44%, smaller than the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for HAPS and RWJ.
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Drawdown Indicators
| HAPS | RWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -55.97% | +28.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -16.11% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.33% | — |
Current DrawdownCurrent decline from peak | -6.89% | -7.49% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -9.31% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 4.50% | -0.79% |
Volatility
HAPS vs. RWJ - Volatility Comparison
Harbor Human Capital Factor US Small Cap ETF (HAPS) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) have volatilities of 6.25% and 6.15%, 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.
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Volatility by Period
| HAPS | RWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 6.15% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 13.97% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 25.39% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 23.88% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 26.16% | -5.02% |