HAPS vs. SIHY
HAPS (Harbor Human Capital Factor US Small Cap ETF) and SIHY (Harbor Scientific Alpha High-Yield ETF) are both exchange-traded funds - HAPS is a Small Cap Blend Equities fund tracking the Human Capital Factor Small Cap Index - Benchmark TR Gross, while SIHY is a High Yield Bonds fund tracking the ICE BofA US High Yield. Both are passively managed. Over the past 3 years, HAPS returned 11.45%/yr vs 8.92%/yr for SIHY. Their 0.60 correlation means they have sometimes moved together and sometimes differently. HAPS charges 0.60%/yr vs 0.48%/yr for SIHY.
Performance
HAPS vs. SIHY - Performance Comparison
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Returns By Period
In the year-to-date period, HAPS achieves a 18.77% return, which is significantly higher than SIHY's 2.10% return.
HAPS
- 1D
- -0.28%
- 1M
- -0.58%
- 6M
- 15.97%
- YTD
- 18.77%
- 1Y
- 32.55%
- 3Y*
- 11.45%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.58%
SIHY
- 1D
- -0.02%
- 1M
- -0.48%
- 6M
- 1.43%
- YTD
- 2.10%
- 1Y
- 6.09%
- 3Y*
- 8.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41K | $1.61K | $1.56K | |
| $590.56K | $1.31M | $1.13M |
HAPS vs. SIHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HAPS Harbor Human Capital Factor US Small Cap ETF | 18.77% | 8.35% | 4.08% | 13.63% |
SIHY Harbor Scientific Alpha High-Yield ETF | 2.10% | 8.13% | 8.67% | 9.51% |
Correlation
The correlation between HAPS and SIHY is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.60 |
The correlation between HAPS and SIHY has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
HAPS vs. SIHY — Risk / Return Rank
HAPS
SIHY
HAPS vs. SIHY - 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 Harbor Scientific Alpha High-Yield ETF (SIHY). 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.
| HAPS | SIHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.98 | +1.10 |
| Martin ratioReturn relative to average drawdown | 10.60 | 8.17 | +2.44 |
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Drawdowns
HAPS vs. SIHY - Drawdown Comparison
The maximum HAPS drawdown since its inception was -27.44%, which is greater than SIHY's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for HAPS and SIHY.
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Drawdown Indicators
| HAPS | SIHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -13.30% | -14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -3.17% | -6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -27.44% | -5.36% | -22.08% |
Current DrawdownCurrent decline from peak | -1.66% | -0.63% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -2.70% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.77% | +2.13% |
Volatility
HAPS vs. SIHY - Volatility Comparison
Harbor Human Capital Factor US Small Cap ETF (HAPS) has a higher volatility of 3.12% compared to Harbor Scientific Alpha High-Yield ETF (SIHY) at 0.92%. This indicates that HAPS's price experiences larger fluctuations and is considered to be riskier than SIHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAPS | SIHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.92% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 3.25% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 4.12% | +12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 7.48% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 7.48% | +13.04% |
HAPS vs. SIHY - Expense Ratio Comparison
HAPS has a 0.60% expense ratio, which is higher than SIHY's 0.48% expense ratio.
Dividends
HAPS vs. SIHY - Dividend Comparison
HAPS's dividend yield for the trailing twelve months is around 0.48%, less than SIHY's 7.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HAPS Harbor Human Capital Factor US Small Cap ETF | 0.48% | 0.57% | 0.72% | 0.42% | 0.00% | 0.00% |
SIHY Harbor Scientific Alpha High-Yield ETF | 6.57% | 7.61% | 7.54% | 7.06% | 6.31% | 1.30% |
Frequently Asked Questions
HAPS and SIHY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAPS has higher volatility (3.12%) compared to SIHY (0.92%). In terms of maximum drawdown, HAPS dropped -27.44% vs SIHY's -13.30%.
On 3-year performance, HAPS leads with 11.45% vs 8.92% for SIHY. On fees, SIHY is cheaper at 0.48% per year. On volatility, SIHY has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HAPS has performed better with a 11.45% return vs 8.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIHY is cheaper with a 0.48% expense ratio, compared with 0.60% for HAPS.
SIHY has the higher dividend yield at 6.57%, compared with 0.48% for HAPS.
HAPS is categorized as Small Cap Blend Equities, while SIHY is High Yield Bonds. HAPS tracks Human Capital Factor Small Cap Index - Benchmark TR Gross, while SIHY tracks ICE BofA US High Yield. Their fees differ too: 0.60% for HAPS and 0.48% for SIHY.
HAPS currently has the higher Sharpe Ratio (1.85 vs 1.52), 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.
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