HICSX vs. HACAX
Compare and contrast key facts about Harbor Convertible Securities Fund (HICSX) and Harbor Capital Appreciation Fund Class I (HACAX).
HICSX is managed by Harbor. It was launched on May 1, 2011. HACAX is managed by Harbor. It was launched on Dec 29, 1987.
Performance
HICSX vs. HACAX - Performance Comparison
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HICSX vs. HACAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 0.67% | 19.99% | 12.36% | 10.37% | -15.55% | 2.07% | 31.41% | 17.89% | -0.65% | 7.93% |
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, HICSX achieves a 0.67% return, which is significantly higher than HACAX's -14.13% return. Over the past 10 years, HICSX has underperformed HACAX with an annualized return of 8.54%, while HACAX has yielded a comparatively higher 16.39% annualized return.
HICSX
- 1D
- -1.75%
- 1M
- -5.41%
- YTD
- 0.67%
- 6M
- 3.67%
- 1Y
- 23.20%
- 3Y*
- 13.71%
- 5Y*
- 4.92%
- 10Y*
- 8.54%
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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HICSX vs. HACAX - Expense Ratio Comparison
HICSX has a 1.12% expense ratio, which is higher than HACAX's 0.71% expense ratio.
Return for Risk
HICSX vs. HACAX — Risk / Return Rank
HICSX
HACAX
HICSX vs. HACAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) 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.
| HICSX | HACAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 0.43 | +1.19 |
Sortino ratioReturn per unit of downside risk | 2.22 | 0.71 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.10 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.07 | 0.32 | +2.75 |
Martin ratioReturn relative to average drawdown | 12.11 | 1.07 | +11.04 |
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
| HICSX | HACAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 0.43 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.40 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.68 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.59 | +0.16 |
Correlation
The correlation between HICSX and HACAX is 0.81, 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
HICSX vs. HACAX - Dividend Comparison
HICSX's dividend yield for the trailing twelve months is around 1.58%, less than HACAX's 13.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 1.58% | 1.95% | 3.22% | 2.91% | 0.44% | 14.09% | 9.57% | 3.61% | 6.45% | 10.65% | 0.98% | 3.95% |
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
HICSX vs. HACAX - Drawdown Comparison
The maximum HICSX drawdown since its inception was -23.68%, smaller than the maximum HACAX drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for HICSX and HACAX.
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Drawdown Indicators
| HICSX | HACAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -63.05% | +39.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -17.96% | +11.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -43.52% | +21.49% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -43.52% | +19.84% |
Current DrawdownCurrent decline from peak | -6.92% | -17.96% | +11.04% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -16.27% | +11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 5.36% | -3.61% |
Volatility
HICSX vs. HACAX - Volatility Comparison
Harbor Convertible Securities Fund (HICSX) has a higher volatility of 6.02% compared to Harbor Capital Appreciation Fund Class I (HACAX) at 5.67%. This indicates that HICSX's price experiences larger fluctuations and is considered to be riskier 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
| HICSX | HACAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.67% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 12.59% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 20.13% | -5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 25.89% | -14.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 24.31% | -13.70% |