HASCX vs. VTSAX

Last updated Jun 23, 2026

HASCX (Harbor Small Cap Value Fund) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both mutual funds - HASCX is a Small Cap Blend Equities fund managed by Harbor, while VTSAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, HASCX returned 12.12%/yr vs 15.06%/yr for VTSAX. Their correlation of 0.89 suggests significant overlap in exposure. HASCX charges 0.87%/yr vs 0.04%/yr for VTSAX.

Performance

HASCX vs. VTSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Small Cap Value Fund (HASCX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HASCX achieves a 32.40% return, which is significantly higher than VTSAX's 10.72% return. Over the past 10 years, HASCX has underperformed VTSAX with an annualized return of 12.12%, while VTSAX has yielded a comparatively higher 15.06% annualized return.

HASCX

• 1D: 1.78%
• 1M: 7.04%
• YTD: 32.40%
• 6M: 29.43%
• 1Y: 49.23%
• 3Y*: 17.98%
• 5Y*: 10.64%
• 10Y*: 12.12%

VTSAX

• 1D: 1.14%
• 1M: 0.90%
• YTD: 10.72%
• 6M: 9.93%
• 1Y: 27.56%
• 3Y*: 20.66%
• 5Y*: 12.87%
• 10Y*: 15.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HASCX vs. VTSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HASCX Harbor Small Cap Value Fund	32.40%	3.78%	10.93%	15.18%	-9.59%	14.55%	13.15%	28.97%	-16.16%	21.63%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	10.72%	17.12%	23.23%	26.51%	-19.52%	25.72%	20.98%	30.79%	-5.18%	21.16%

Correlation

The correlation between HASCX and VTSAX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 14, 2001	0.89

The correlation between HASCX and VTSAX shifts across timeframes, from 0.73 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HASCX vs. VTSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HASCX

HASCX Risk / Return Rank: 83
HASCX Sharpe Ratio Rank: 83
HASCX Sortino Ratio Rank: 80
HASCX Omega Ratio Rank: 69
HASCX Calmar Ratio Rank: 94
HASCX Martin Ratio Rank: 91

VTSAX

VTSAX Risk / Return Rank: 65
VTSAX Sharpe Ratio Rank: 63
VTSAX Sortino Ratio Rank: 57
VTSAX Omega Ratio Rank: 58
VTSAX Calmar Ratio Rank: 70
VTSAX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HASCX vs. VTSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Small Cap Value Fund (HASCX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). 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.

	HASCX	VTSAX	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.14	+0.35
Sortino ratio: Return per unit of downside risk	3.48	2.90	+0.58
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	4.98	3.07	+1.91
Martin ratio: Return relative to average drawdown	17.16	13.77	+3.38

HASCX vs. VTSAX - Sharpe Ratio Comparison

The current HASCX Sharpe Ratio is 2.49, which is comparable to the VTSAX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of HASCX and VTSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HASCX vs. VTSAX - Drawdown Comparison

The maximum HASCX drawdown since its inception was -58.90%, which is greater than VTSAX's maximum drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for HASCX and VTSAX.

Drawdown Indicators

	HASCX	VTSAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.90%	-55.33%	-3.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-8.92%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-28.34%	-19.36%	-8.98%
Max Drawdown (5Y) Largest decline over 5 years	-28.34%	-25.36%	-2.98%
Max Drawdown (10Y) Largest decline over 10 years	-42.15%	-34.97%	-7.18%
Current Drawdown Current decline from peak	0.00%	-1.13%	+1.13%
Average Drawdown Average peak-to-trough decline	-8.13%	-8.99%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	1.99%	+0.87%

Volatility

HASCX vs. VTSAX - Volatility Comparison

Harbor Small Cap Value Fund (HASCX) has a higher volatility of 6.59% compared to Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) at 4.88%. This indicates that HASCX's price experiences larger fluctuations and is considered to be riskier than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HASCX	VTSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	4.88%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	14.95%	10.11%	+4.84%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	12.80%	+6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	17.45%	+3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.95%	18.45%	+4.50%

HASCX vs. VTSAX - Expense Ratio Comparison

HASCX has a 0.87% expense ratio, which is higher than VTSAX's 0.04% expense ratio.

Dividends

HASCX vs. VTSAX - Dividend Comparison

HASCX's dividend yield for the trailing twelve months is around 2.58%, more than VTSAX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HASCX Harbor Small Cap Value Fund	2.58%	3.41%	0.62%	6.99%	7.25%	5.64%	0.43%	1.41%	11.18%	1.98%	0.36%	3.98%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	1.01%	1.11%	1.26%	1.42%	1.65%	1.20%	1.41%	1.76%	2.03%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both HASCX and VTSAX in my portfolio?

HASCX and VTSAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HASCX or VTSAX?

HASCX has higher volatility (6.59%) compared to VTSAX (4.88%). In terms of maximum drawdown, HASCX dropped -58.90% vs VTSAX's -55.33%.

Which has better risk-adjusted returns?

HASCX currently has the higher Sharpe Ratio (2.49 vs 2.14), 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.