HAVLX vs. HACAX
Compare and contrast key facts about Harbor Large Cap Value Fund (HAVLX) and Harbor Capital Appreciation Fund Class I (HACAX).
HAVLX is managed by Harbor. It was launched on Dec 29, 1987. HACAX is managed by Harbor. It was launched on Dec 29, 1987.
Performance
HAVLX vs. HACAX - Performance Comparison
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HAVLX vs. HACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAVLX Harbor Large Cap Value Fund | -3.93% | 11.07% | 15.60% | 19.70% | -14.98% | 24.90% | 14.46% | 32.84% | -8.98% | 22.33% |
HACAX Harbor Capital Appreciation Fund Class I | -14.13% | 13.95% | 46.37% | 53.74% | -37.72% | 15.32% | 54.69% | 33.42% | -1.30% | 36.68% |
Returns By Period
In the year-to-date period, HAVLX achieves a -3.93% return, which is significantly higher than HACAX's -14.13% return. Over the past 10 years, HAVLX has underperformed HACAX with an annualized return of 11.88%, while HACAX has yielded a comparatively higher 16.39% annualized return.
HAVLX
- 1D
- 0.00%
- 1M
- -8.43%
- YTD
- -3.93%
- 6M
- -2.72%
- 1Y
- 6.26%
- 3Y*
- 12.53%
- 5Y*
- 7.38%
- 10Y*
- 11.88%
HACAX
- 1D
- -0.40%
- 1M
- -8.90%
- YTD
- -14.13%
- 6M
- -13.44%
- 1Y
- 8.81%
- 3Y*
- 23.01%
- 5Y*
- 10.36%
- 10Y*
- 16.39%
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HAVLX vs. HACAX - Expense Ratio Comparison
HAVLX has a 0.69% expense ratio, which is lower than HACAX's 0.71% expense ratio.
Return for Risk
HAVLX vs. HACAX — Risk / Return Rank
HAVLX
HACAX
HAVLX vs. HACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Large Cap Value Fund (HAVLX) and Harbor Capital Appreciation Fund Class I (HACAX). 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.
| HAVLX | HACAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.43 | +0.06 |
Sortino ratioReturn per unit of downside risk | 0.75 | 0.71 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.32 | +0.14 |
Martin ratioReturn relative to average drawdown | 1.81 | 1.07 | +0.74 |
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
| HAVLX | HACAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.43 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.40 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.59 | -0.18 |
Correlation
The correlation between HAVLX and HACAX is 0.79, 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
HAVLX vs. HACAX - Dividend Comparison
HAVLX's dividend yield for the trailing twelve months is around 22.19%, more than HACAX's 13.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAVLX Harbor Large Cap Value Fund | 22.19% | 21.82% | 14.78% | 4.06% | 5.13% | 3.33% | 3.46% | 0.88% | 2.84% | 3.57% | 4.41% | 5.74% |
HACAX Harbor Capital Appreciation Fund Class I | 13.10% | 11.25% | 21.75% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% |
Drawdowns
HAVLX vs. HACAX - Drawdown Comparison
The maximum HAVLX drawdown since its inception was -78.26%, which is greater than HACAX's maximum drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for HAVLX and HACAX.
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Drawdown Indicators
| HAVLX | HACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.26% | -63.05% | -15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -17.96% | +6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -43.52% | +20.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | -43.52% | +7.83% |
Current DrawdownCurrent decline from peak | -8.83% | -17.96% | +9.13% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -16.27% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 5.36% | -2.33% |
Volatility
HAVLX vs. HACAX - Volatility Comparison
The current volatility for Harbor Large Cap Value Fund (HAVLX) is 3.36%, while Harbor Capital Appreciation Fund Class I (HACAX) has a volatility of 5.67%. This indicates that HAVLX experiences smaller price fluctuations and is considered to be less risky than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAVLX | HACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 5.67% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 12.59% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 20.13% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 25.89% | -8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 24.31% | -5.69% |