HIIDX vs. HACBX

Last updated Jun 23, 2026

HIIDX (Harbor Diversified International All Cap Fund) and HACBX (Harbor Core Bond Fund) are both mutual funds - HIIDX is a Foreign Large Cap Equities fund managed by Harbor, while HACBX is a Intermediate Core Bond fund managed by Harbor. Over the past 5 years, HIIDX returned 7.37%/yr vs -0.02%/yr for HACBX. At a 0.08 correlation, their price movements are largely independent. HIIDX charges 1.16%/yr vs 0.40%/yr for HACBX.

Performance

HIIDX vs. HACBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Diversified International All Cap Fund (HIIDX) and Harbor Core Bond Fund (HACBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIIDX achieves a 10.63% return, which is significantly higher than HACBX's 0.64% return.

HIIDX

• 1D: 0.82%
• 1M: 1.34%
• YTD: 10.63%
• 6M: 11.10%
• 1Y: 25.52%
• 3Y*: 15.10%
• 5Y*: 7.37%
• 10Y*: 8.47%

HACBX

• 1D: 0.23%
• 1M: 0.82%
• YTD: 0.64%
• 6M: 0.76%
• 1Y: 4.80%
• 3Y*: 4.11%
• 5Y*: -0.02%
• 10Y*: —

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

HIIDX vs. HACBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HIIDX Harbor Diversified International All Cap Fund	10.63%	29.94%	3.15%	14.18%	-14.63%	9.70%	7.86%	23.35%	-13.47%
HACBX Harbor Core Bond Fund	0.64%	7.02%	1.57%	5.73%	-13.36%	-1.66%	9.10%	8.58%	1.75%

Correlation

The correlation between HIIDX and HACBX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 4, 2018	0.08

Over the past year, HIIDX and HACBX have become more correlated (0.40) than their long-term average of 0.08, meaning their price movements have been converging.

Return for Risk

HIIDX vs. HACBX — Risk / Return Rank

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

HIIDX

HIIDX Risk / Return Rank: 36
HIIDX Sharpe Ratio Rank: 36
HIIDX Sortino Ratio Rank: 34
HIIDX Omega Ratio Rank: 35
HIIDX Calmar Ratio Rank: 35
HIIDX Martin Ratio Rank: 38

HACBX

HACBX Risk / Return Rank: 23
HACBX Sharpe Ratio Rank: 23
HACBX Sortino Ratio Rank: 24
HACBX Omega Ratio Rank: 23
HACBX Calmar Ratio Rank: 25
HACBX Martin Ratio Rank: 22

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.

HIIDX vs. HACBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Diversified International All Cap Fund (HIIDX) and Harbor Core Bond Fund (HACBX). 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.

	HIIDX	HACBX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.28	+0.32
Sortino ratio: Return per unit of downside risk	2.27	1.90	+0.36
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio: Return relative to maximum drawdown	2.11	1.72	+0.39
Martin ratio: Return relative to average drawdown	7.87	5.01	+2.86

HIIDX vs. HACBX - Sharpe Ratio Comparison

The current HIIDX Sharpe Ratio is 1.60, which is comparable to the HACBX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HIIDX and HACBX, 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

HIIDX vs. HACBX - Drawdown Comparison

The maximum HIIDX drawdown since its inception was -37.50%, which is greater than HACBX's maximum drawdown of -18.48%. Use the drawdown chart below to compare losses from any high point for HIIDX and HACBX.

Drawdown Indicators

	HIIDX	HACBX	Difference
Max Drawdown Largest peak-to-trough decline	-37.50%	-18.48%	-19.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-2.80%	-8.85%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-6.26%	-7.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-18.43%	-11.54%
Max Drawdown (10Y) Largest decline over 10 years	-37.50%	—	—
Current Drawdown Current decline from peak	-0.62%	-1.48%	+0.86%
Average Drawdown Average peak-to-trough decline	-7.23%	-5.28%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	0.96%	+2.16%

Volatility

HIIDX vs. HACBX - Volatility Comparison

Harbor Diversified International All Cap Fund (HIIDX) has a higher volatility of 5.39% compared to Harbor Core Bond Fund (HACBX) at 1.15%. This indicates that HIIDX's price experiences larger fluctuations and is considered to be riskier than HACBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIIDX	HACBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	1.15%	+4.24%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	2.79%	+10.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	3.76%	+11.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	5.94%	+9.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	5.25%	+10.90%

HIIDX vs. HACBX - Expense Ratio Comparison

HIIDX has a 1.16% expense ratio, which is higher than HACBX's 0.40% expense ratio.

Dividends

HIIDX vs. HACBX - Dividend Comparison

HIIDX's dividend yield for the trailing twelve months is around 7.30%, more than HACBX's 4.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HACBX Harbor Core Bond Fund	4.51%	4.50%	4.21%	3.83%	3.15%	2.18%	4.43%	3.55%	1.73%	0.00%	0.00%
HIIDX Harbor Diversified International All Cap Fund	7.30%	8.07%	2.90%	2.18%	1.07%	7.05%	0.63%	1.77%	3.89%	3.20%	0.15%

Frequently Asked Questions

Can I hold both HIIDX and HACBX in my portfolio?

HIIDX and HACBX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIIDX or HACBX?

HIIDX has higher volatility (5.39%) compared to HACBX (1.15%). In terms of maximum drawdown, HIIDX dropped -37.50% vs HACBX's -18.48%.

Which has better risk-adjusted returns?

HIIDX currently has the higher Sharpe Ratio (1.60 vs 1.28), 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.