HAPY vs. SPY
Compare and contrast key facts about Harbor Human Capital Factor Unconstrained ETF (HAPY) and SPDR S&P 500 ETF (SPY).
HAPY and SPY 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. 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 HAPY 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: HAPY or SPY.
Key characteristics
| HAPY | SPY | |
|---|---|---|
| YTD Return | 9.27% | 18.86% |
| 1Y Return | 24.65% | 28.13% |
| Sharpe Ratio | 1.53 | 2.21 |
| Daily Std Dev | 15.78% | 12.60% |
| Max Drawdown | -29.68% | -55.19% |
| Current Drawdown | -0.20% | -0.61% |
Correlation
The correlation between HAPY and SPY is 0.89, 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
HAPY vs. SPY - Performance Comparison
In the year-to-date period, HAPY achieves a 9.27% return, which is significantly lower than SPY's 18.86% 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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HAPY vs. SPY - Expense Ratio Comparison
HAPY has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HAPY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Human Capital Factor Unconstrained ETF (HAPY) 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.
Dividends
HAPY vs. SPY - Dividend Comparison
HAPY's dividend yield for the trailing twelve months is around 0.33%, less than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAPY Harbor Human Capital Factor Unconstrained ETF | 0.33% | 0.36% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HAPY vs. SPY - Drawdown Comparison
The maximum HAPY drawdown since its inception was -29.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HAPY and SPY. For additional features, visit the drawdowns tool.
Volatility
HAPY vs. SPY - Volatility Comparison
Harbor Human Capital Factor Unconstrained ETF (HAPY) and SPDR S&P 500 ETF (SPY) have volatilities of 3.99% and 3.84%, 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.