HASCX vs. SPY
Compare and contrast key facts about Harbor Small Cap Value Fund (HASCX) and State Street SPDR S&P 500 ETF (SPY).
HASCX is managed by Harbor. It was launched on Dec 14, 2001. 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.
Performance
HASCX vs. SPY - Performance Comparison
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HASCX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HASCX Harbor Small Cap Value Fund | 8.12% | 3.78% | 10.93% | 15.18% | -9.59% | 14.55% | 13.15% | 28.97% | -16.16% | 21.63% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, HASCX achieves a 8.12% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, HASCX has underperformed SPY with an annualized return of 10.24%, while SPY has yielded a comparatively higher 13.98% annualized return.
HASCX
- 1D
- -1.56%
- 1M
- -8.37%
- YTD
- 8.12%
- 6M
- 10.62%
- 1Y
- 24.67%
- 3Y*
- 10.76%
- 5Y*
- 5.48%
- 10Y*
- 10.24%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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HASCX vs. SPY - Expense Ratio Comparison
HASCX has a 0.87% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
HASCX vs. SPY — Risk / Return Rank
HASCX
SPY
HASCX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Small Cap Value Fund (HASCX) and State Street 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.
| HASCX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.93 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.45 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.53 | -0.04 |
Martin ratioReturn relative to average drawdown | 5.74 | 7.30 | -1.56 |
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
| HASCX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.93 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.69 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.78 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.56 | -0.13 |
Correlation
The correlation between HASCX and SPY is 0.85, 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
HASCX vs. SPY - Dividend Comparison
HASCX's dividend yield for the trailing twelve months is around 3.16%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HASCX Harbor Small Cap Value Fund | 3.16% | 3.41% | 0.62% | 6.99% | 7.25% | 5.64% | 0.43% | 1.41% | 11.18% | 1.98% | 0.36% | 3.98% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
HASCX vs. SPY - Drawdown Comparison
The maximum HASCX drawdown since its inception was -58.90%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HASCX and SPY.
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Drawdown Indicators
| HASCX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.90% | -55.19% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -12.05% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.34% | -24.50% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | -33.72% | -8.43% |
Current DrawdownCurrent decline from peak | -9.89% | -6.24% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -9.09% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 2.52% | +1.26% |
Volatility
HASCX vs. SPY - Volatility Comparison
Harbor Small Cap Value Fund (HASCX) has a higher volatility of 7.21% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that HASCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HASCX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.31% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 9.47% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 19.05% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 17.06% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 17.92% | +4.88% |