Correlation
The correlation between HAPY and HAPI is 0.88, 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.
HAPY vs. HAPI
Compare and contrast key facts about Harbor Human Capital Factor Unconstrained ETF (HAPY) and Harbor Corporate Culture ETF (HAPI).
HAPY and HAPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HAPY is a passively managed fund by Harbor that tracks the performance of the Human Capital Factor Unconstrained Index - Benchmark TR Gross. It was launched on Feb 23, 2022. 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. Both HAPY and HAPI 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: HAPY or HAPI.
Performance
HAPY vs. HAPI - Performance Comparison
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Key characteristics
HAPY:
0.47
HAPI:
0.74
HAPY:
0.68
HAPI:
1.03
HAPY:
1.10
HAPI:
1.15
HAPY:
0.34
HAPI:
0.67
HAPY:
1.15
HAPI:
2.56
HAPY:
6.70%
HAPI:
5.13%
HAPY:
20.20%
HAPI:
19.95%
HAPY:
-29.68%
HAPI:
-19.46%
HAPY:
-8.56%
HAPI:
-3.02%
Returns By Period
In the year-to-date period, HAPY achieves a -2.59% return, which is significantly lower than HAPI's 1.95% return.
HAPY
-2.59%
4.51%
-8.10%
9.37%
10.66%
N/A
N/A
HAPI
1.95%
6.50%
-0.51%
14.74%
N/A
N/A
N/A
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HAPY vs. HAPI - Expense Ratio Comparison
HAPY has a 0.50% expense ratio, which is higher than HAPI's 0.35% expense ratio.
Risk-Adjusted Performance
HAPY vs. HAPI — Risk-Adjusted Performance Rank
HAPY
HAPI
HAPY vs. HAPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Human Capital Factor Unconstrained ETF (HAPY) and Harbor Corporate Culture ETF (HAPI). 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
HAPY vs. HAPI - Dividend Comparison
HAPY's dividend yield for the trailing twelve months is around 0.89%, more than HAPI's 0.21% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HAPY Harbor Human Capital Factor Unconstrained ETF | 0.89% | 0.86% | 0.36% | 0.16% |
HAPI Harbor Corporate Culture ETF | 0.21% | 0.21% | 1.21% | 0.29% |
Drawdowns
HAPY vs. HAPI - Drawdown Comparison
The maximum HAPY drawdown since its inception was -29.68%, which is greater than HAPI's maximum drawdown of -19.46%. Use the drawdown chart below to compare losses from any high point for HAPY and HAPI.
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Volatility
HAPY vs. HAPI - Volatility Comparison
Harbor Human Capital Factor Unconstrained ETF (HAPY) has a higher volatility of 4.96% compared to Harbor Corporate Culture ETF (HAPI) at 4.52%. This indicates that HAPY's price experiences larger fluctuations and is considered to be riskier than HAPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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