HNACX vs. SPY
Compare and contrast key facts about Harbor Capital Appreciation Fund Retirement Class (HNACX) and SPDR S&P 500 ETF (SPY).
HNACX is managed by Harbor Funds. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HNACX or SPY.
Correlation
The correlation between HNACX and SPY is 0.86, 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.
Performance
HNACX vs. SPY - Performance Comparison
Key characteristics
HNACX:
-0.23
SPY:
0.35
HNACX:
-0.14
SPY:
0.63
HNACX:
0.98
SPY:
1.09
HNACX:
-0.20
SPY:
0.37
HNACX:
-0.59
SPY:
1.57
HNACX:
10.52%
SPY:
4.39%
HNACX:
27.07%
SPY:
19.96%
HNACX:
-52.59%
SPY:
-55.19%
HNACX:
-25.77%
SPY:
-13.72%
Returns By Period
In the year-to-date period, HNACX achieves a -13.88% return, which is significantly lower than SPY's -9.77% return.
HNACX
-13.88%
-7.27%
-19.35%
-4.76%
5.93%
N/A
SPY
-9.77%
-6.51%
-9.04%
6.85%
15.30%
11.50%
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HNACX vs. SPY - Expense Ratio Comparison
HNACX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HNACX vs. SPY — Risk-Adjusted Performance Rank
HNACX
SPY
HNACX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Capital Appreciation Fund Retirement Class (HNACX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
HNACX vs. SPY - Dividend Comparison
HNACX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNACX Harbor Capital Appreciation Fund Retirement Class | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.33% | 0.24% | 0.18% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HNACX vs. SPY - Drawdown Comparison
The maximum HNACX drawdown since its inception was -52.59%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HNACX and SPY. For additional features, visit the drawdowns tool.
Volatility
HNACX vs. SPY - Volatility Comparison
Harbor Capital Appreciation Fund Retirement Class (HNACX) has a higher volatility of 16.22% compared to SPDR S&P 500 ETF (SPY) at 14.97%. This indicates that HNACX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.