HIIDX vs. HAVLX

Last updated Jun 5, 2026

HIIDX (Harbor Diversified International All Cap Fund) and HAVLX (Harbor Large Cap Value Fund) are both mutual funds - HIIDX is a Foreign Large Cap Equities fund managed by Harbor, while HAVLX is a Large Cap Blend Equities fund managed by Harbor. Over the past 10 years, HIIDX returned 8.26%/yr vs 11.87%/yr for HAVLX. A 0.78 correlation means they provide meaningful diversification when combined. HIIDX charges 1.16%/yr vs 0.69%/yr for HAVLX.

Performance

HIIDX vs. HAVLX - Performance Comparison

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

Returns By Period

In the year-to-date period, HIIDX achieves a 10.15% return, which is significantly higher than HAVLX's 0.51% return. Over the past 10 years, HIIDX has underperformed HAVLX with an annualized return of 8.26%, while HAVLX has yielded a comparatively higher 11.87% annualized return.

HIIDX

• 1D: -1.06%
• 1M: 2.46%
• YTD: 10.15%
• 6M: 12.58%
• 1Y: 24.06%
• 3Y*: 16.08%
• 5Y*: 6.63%
• 10Y*: 8.26%

HAVLX

• 1D: -0.41%
• 1M: -1.65%
• YTD: 0.51%
• 6M: -0.23%
• 1Y: 8.80%
• 3Y*: 14.01%
• 5Y*: 7.16%
• 10Y*: 11.87%

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

HIIDX vs. HAVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIIDX Harbor Diversified International All Cap Fund	10.15%	29.94%	3.15%	14.18%	-14.63%	9.70%	7.86%	23.35%	-14.07%	24.04%
HAVLX Harbor Large Cap Value Fund	0.51%	11.07%	15.60%	19.70%	-14.98%	24.90%	14.46%	32.84%	-8.98%	22.33%

Correlation

The correlation between HIIDX and HAVLX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Nov 5, 2015	0.78

The correlation between HIIDX and HAVLX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

HIIDX vs. HAVLX — 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: 35
HIIDX Omega Ratio Rank: 36
HIIDX Calmar Ratio Rank: 34
HIIDX Martin Ratio Rank: 37

HAVLX

HAVLX Risk / Return Rank: 10
HAVLX Sharpe Ratio Rank: 10
HAVLX Sortino Ratio Rank: 10
HAVLX Omega Ratio Rank: 9
HAVLX Calmar Ratio Rank: 11
HAVLX Martin Ratio Rank: 11

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. HAVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Diversified International All Cap Fund (HIIDX) and Harbor Large Cap Value Fund (HAVLX). 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.

	HIIDX	HAVLX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	0.75	+0.91
Sortino ratio: Return per unit of downside risk	2.35	1.17	+1.18
Omega ratio: Gain probability vs. loss probability	1.30	1.14	+0.17
Calmar ratio: Return relative to maximum drawdown	2.11	0.98	+1.13
Martin ratio: Return relative to average drawdown	7.94	3.00	+4.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIIDX vs. HAVLX - Sharpe Ratio Comparison

The current HIIDX Sharpe Ratio is 1.66, which is higher than the HAVLX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of HIIDX and HAVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HIIDX	HAVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	0.75	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.42	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.64	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.58	-0.11

Drawdowns

HIIDX vs. HAVLX - Drawdown Comparison

The maximum HIIDX drawdown since its inception was -37.50%, smaller than the maximum HAVLX drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for HIIDX and HAVLX.

Drawdown Indicators

	HIIDX	HAVLX	Difference
Max Drawdown Largest peak-to-trough decline	-37.50%	-53.23%	+15.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-8.83%	-2.82%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-15.87%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-30.36%	-23.46%	-6.90%
Max Drawdown (10Y) Largest decline over 10 years	-37.50%	-35.69%	-1.81%
Current Drawdown Current decline from peak	-1.06%	-4.61%	+3.55%
Average Drawdown Average peak-to-trough decline	-7.25%	-6.75%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.89%	+0.21%

Volatility

HIIDX vs. HAVLX - Volatility Comparison

Harbor Diversified International All Cap Fund (HIIDX) has a higher volatility of 4.73% compared to Harbor Large Cap Value Fund (HAVLX) at 2.78%. This indicates that HIIDX's price experiences larger fluctuations and is considered to be riskier than HAVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIIDX	HAVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	2.78%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	8.15%	+4.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	11.53%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	17.17%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	18.63%	-2.50%

HIIDX vs. HAVLX - Expense Ratio Comparison

HIIDX has a 1.16% expense ratio, which is higher than HAVLX's 0.69% expense ratio.

Dividends

HIIDX vs. HAVLX - Dividend Comparison

HIIDX's dividend yield for the trailing twelve months is around 7.33%, less than HAVLX's 21.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAVLX Harbor Large Cap Value Fund	21.50%	21.82%	14.78%	4.06%	5.13%	3.33%	3.46%	0.88%	2.84%	3.57%	4.41%	5.74%
HIIDX Harbor Diversified International All Cap Fund	7.33%	8.07%	2.90%	2.18%	1.07%	7.05%	0.63%	1.77%	3.89%	3.20%	0.15%	0.00%

Frequently Asked Questions

Can I hold both HIIDX and HAVLX in my portfolio?

HIIDX and HAVLX have a correlation of 0.71, 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 HAVLX?

HIIDX has higher volatility (4.73%) compared to HAVLX (2.78%). In terms of maximum drawdown, HIIDX dropped -37.50% vs HAVLX's -53.23%.

Which has better risk-adjusted returns?

HIIDX currently has the higher Sharpe Ratio (1.66 vs 0.75), 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.