HAVLX vs. QUAL
Compare and contrast key facts about Harbor Large Cap Value Fund (HAVLX) and iShares MSCI USA Quality Factor ETF (QUAL).
HAVLX is managed by Harbor. It was launched on Dec 29, 1987. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Jul 18, 2013.
Performance
HAVLX vs. QUAL - Performance Comparison
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HAVLX vs. QUAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAVLX Harbor Large Cap Value Fund | -2.45% | 11.07% | 15.60% | 19.70% | -14.98% | 24.90% | 14.46% | 32.84% | -8.98% | 22.33% |
QUAL iShares MSCI USA Quality Factor ETF | -2.74% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
Returns By Period
In the year-to-date period, HAVLX achieves a -2.45% return, which is significantly higher than QUAL's -2.74% return. Over the past 10 years, HAVLX has underperformed QUAL with an annualized return of 12.05%, while QUAL has yielded a comparatively higher 12.99% annualized return.
HAVLX
- 1D
- 1.54%
- 1M
- -6.79%
- YTD
- -2.45%
- 6M
- -0.88%
- 1Y
- 7.90%
- 3Y*
- 13.11%
- 5Y*
- 7.47%
- 10Y*
- 12.05%
QUAL
- 1D
- 0.50%
- 1M
- -5.52%
- YTD
- -2.74%
- 6M
- -1.05%
- 1Y
- 13.65%
- 3Y*
- 17.10%
- 5Y*
- 10.71%
- 10Y*
- 12.99%
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HAVLX vs. QUAL - Expense Ratio Comparison
HAVLX has a 0.69% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Return for Risk
HAVLX vs. QUAL — Risk / Return Rank
HAVLX
QUAL
HAVLX vs. QUAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Large Cap Value Fund (HAVLX) and iShares MSCI USA Quality Factor ETF (QUAL). 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 | QUAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.79 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.81 | 1.24 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.21 | -0.47 |
Martin ratioReturn relative to average drawdown | 2.89 | 5.50 | -2.61 |
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 | QUAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.79 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.62 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.72 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.75 | -0.35 |
Correlation
The correlation between HAVLX and QUAL 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.
Dividends
HAVLX vs. QUAL - Dividend Comparison
HAVLX's dividend yield for the trailing twelve months is around 21.85%, more than QUAL's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAVLX Harbor Large Cap Value Fund | 21.85% | 21.82% | 14.78% | 4.06% | 5.13% | 3.33% | 3.46% | 0.88% | 2.84% | 3.57% | 4.41% | 5.74% |
QUAL iShares MSCI USA Quality Factor ETF | 0.98% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Drawdowns
HAVLX vs. QUAL - Drawdown Comparison
The maximum HAVLX drawdown since its inception was -78.26%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for HAVLX and QUAL.
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Drawdown Indicators
| HAVLX | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.26% | -34.06% | -44.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -11.52% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -28.23% | +4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | -34.06% | -1.63% |
Current DrawdownCurrent decline from peak | -7.42% | -5.97% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -4.15% | -12.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.53% | +0.54% |
Volatility
HAVLX vs. QUAL - Volatility Comparison
The current volatility for Harbor Large Cap Value Fund (HAVLX) is 3.89%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 5.36%. This indicates that HAVLX experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAVLX | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 5.36% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 9.30% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 17.46% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 17.34% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 18.08% | +0.55% |