HICSX vs. HNACX
HICSX (Harbor Convertible Securities Fund) and HNACX (Harbor Capital Appreciation Fund Retirement Class) are both mutual funds - HICSX is a Convertible Bonds fund managed by Harbor, while HNACX is a Large Cap Growth Equities fund managed by Harbor. Over the past 5 years, HICSX returned 7.26%/yr vs 11.11%/yr for HNACX. Their correlation of 0.81 means they have usually moved in the same direction. HICSX charges 1.12%/yr vs 0.57%/yr for HNACX.
Performance
HICSX vs. HNACX - Performance Comparison
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Returns By Period
In the year-to-date period, HICSX achieves a 13.82% return, which is significantly higher than HNACX's 3.26% return.
HICSX
- 1D
- 3.14%
- 1M
- -3.20%
- 6M
- 8.77%
- YTD
- 13.82%
- 1Y
- 25.28%
- 3Y*
- 16.05%
- 5Y*
- 7.26%
- 10Y*
- 9.27%
- ALL TIME*
- 7.50%
HNACX
- 1D
- 2.20%
- 1M
- -1.62%
- 6M
- 5.54%
- YTD
- 3.26%
- 1Y
- 9.47%
- 3Y*
- 23.36%
- 5Y*
- 11.11%
- 10Y*
- —
- ALL TIME*
- 18.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HICSX vs. HNACX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 13.82% | 19.99% | 12.36% | 10.37% | -15.55% | 2.07% | 31.41% | 17.89% | -0.65% | 7.93% |
HNACX Harbor Capital Appreciation Fund Retirement Class | 3.26% | 14.04% | 46.43% | 53.86% | -37.67% | 15.43% | 54.82% | 33.53% | -1.24% | 35.33% |
Correlation
The correlation between HICSX and HNACX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.81 |
The correlation between HICSX and HNACX shifts across timeframes, from 0.69 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HICSX vs. HNACX — Risk / Return Rank
HICSX
HNACX
HICSX vs. HNACX - 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 Retirement Class (HNACX). 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.
| HICSX | HNACX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.39 | +1.78 |
| Martin ratioReturn relative to average drawdown | 8.68 | 1.15 | +7.53 |
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Drawdowns
HICSX vs. HNACX - Drawdown Comparison
The maximum HICSX drawdown since its inception was -23.68%, smaller than the maximum HNACX drawdown of -43.46%. Use the drawdown chart below to compare losses from any high point for HICSX and HNACX.
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Drawdown Indicators
| HICSX | HNACX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -43.46% | +19.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -17.94% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | -27.32% | +16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -43.46% | +21.43% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | — | — |
Current DrawdownCurrent decline from peak | -8.15% | -6.45% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -9.49% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 6.09% | -3.36% |
Volatility
HICSX vs. HNACX - Volatility Comparison
Harbor Convertible Securities Fund (HICSX) has a higher volatility of 5.90% compared to Harbor Capital Appreciation Fund Retirement Class (HNACX) at 4.91%. This indicates that HICSX's price experiences larger fluctuations and is considered to be riskier than HNACX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HICSX | HNACX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 4.91% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 13.98% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 17.81% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 25.95% | -14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 24.82% | -13.72% |
HICSX vs. HNACX - Expense Ratio Comparison
HICSX has a 1.12% expense ratio, which is higher than HNACX's 0.57% expense ratio.
Dividends
HICSX vs. HNACX - Dividend Comparison
HICSX's dividend yield for the trailing twelve months is around 1.52%, less than HNACX's 10.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICSX Harbor Convertible Securities Fund | 1.52% | 1.95% | 3.22% | 2.91% | 0.44% | 14.09% | 9.57% | 3.61% | 6.45% | 10.65% | 0.98% | 3.95% |
HNACX Harbor Capital Appreciation Fund Retirement Class | 10.84% | 11.19% | 21.66% | 0.00% | 0.00% | 18.62% | 12.25% | 8.97% | 11.07% | 11.64% | 0.00% | 0.00% |
Frequently Asked Questions
HICSX and HNACX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HICSX has higher volatility (5.90%) compared to HNACX (4.91%). In terms of maximum drawdown, HICSX dropped -23.68% vs HNACX's -43.46%.
HICSX currently has the higher Sharpe Ratio (1.46 vs 0.40), 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.
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