HNMVX vs. VMVIX
HNMVX (Harbor Mid Cap Value Fund Retirement Class) and VMVIX (Vanguard Mid-Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 10 years, HNMVX returned 10.88%/yr vs 10.52%/yr for VMVIX. Their correlation of 0.95 means they have usually moved in the same direction. HNMVX charges 0.77%/yr vs 0.19%/yr for VMVIX.
Performance
HNMVX vs. VMVIX - Performance Comparison
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Returns By Period
In the year-to-date period, HNMVX achieves a 23.81% return, which is significantly higher than VMVIX's 17.00% return. Both investments have delivered pretty close results over the past 10 years, with HNMVX having a 10.88% annualized return and VMVIX not far behind at 10.52%.
HNMVX
- 1D
- 1.83%
- 1M
- 3.47%
- 6M
- 18.21%
- YTD
- 23.81%
- 1Y
- 36.73%
- 3Y*
- 19.26%
- 5Y*
- 13.39%
- 10Y*
- 10.88%
- ALL TIME*
- 11.45%
VMVIX
- 1D
- 0.36%
- 1M
- 3.21%
- 6M
- 11.61%
- YTD
- 17.00%
- 1Y
- 23.63%
- 3Y*
- 14.98%
- 5Y*
- 10.06%
- 10Y*
- 10.52%
- ALL TIME*
- 9.35%
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 |
HNMVX vs. VMVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNMVX Harbor Mid Cap Value Fund Retirement Class | 23.81% | 16.06% | 12.22% | 16.52% | -5.58% | 30.06% | -3.70% | 23.06% | -17.76% | 12.09% |
VMVIX Vanguard Mid-Cap Value Index Fund | 17.00% | 11.22% | 13.48% | 10.00% | -8.00% | 28.60% | 2.33% | 27.85% | -12.57% | 16.91% |
Correlation
The correlation between HNMVX and VMVIX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016 | 0.95 |
The correlation between HNMVX and VMVIX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
HNMVX vs. VMVIX — Risk / Return Rank
HNMVX
VMVIX
HNMVX vs. VMVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value Fund Retirement Class (HNMVX) and Vanguard Mid-Cap Value Index Fund (VMVIX). 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.
| HNMVX | VMVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.36 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 3.29 | +2.03 |
| Martin ratioReturn relative to average drawdown | 19.74 | 12.73 | +7.01 |
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Drawdowns
HNMVX vs. VMVIX - Drawdown Comparison
The maximum HNMVX drawdown since its inception was -51.33%, smaller than the maximum VMVIX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for HNMVX and VMVIX.
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Drawdown Indicators
| HNMVX | VMVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -61.61% | +10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -6.96% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -18.94% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -19.81% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -43.08% | -8.25% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -8.40% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.82% | +0.03% |
Volatility
HNMVX vs. VMVIX - Volatility Comparison
Harbor Mid Cap Value Fund Retirement Class (HNMVX) has a higher volatility of 2.89% compared to Vanguard Mid-Cap Value Index Fund (VMVIX) at 2.47%. This indicates that HNMVX's price experiences larger fluctuations and is considered to be riskier than VMVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNMVX | VMVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.47% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 8.04% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 11.37% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 15.89% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 18.69% | +3.17% |
HNMVX vs. VMVIX - Expense Ratio Comparison
HNMVX has a 0.77% expense ratio, which is higher than VMVIX's 0.19% expense ratio.
Dividends
HNMVX vs. VMVIX - Dividend Comparison
HNMVX's dividend yield for the trailing twelve months is around 7.08%, more than VMVIX's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNMVX Harbor Mid Cap Value Fund Retirement Class | 7.08% | 8.77% | 5.87% | 7.28% | 8.35% | 1.35% | 2.43% | 3.21% | 8.52% | 3.91% | 3.11% | 0.00% |
VMVIX Vanguard Mid-Cap Value Index Fund | 1.70% | 1.42% | 1.99% | 2.15% | 2.15% | 1.67% | 2.26% | 1.95% | 2.60% | 1.75% | 1.81% | 1.91% |
Frequently Asked Questions
HNMVX and VMVIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNMVX has higher volatility (2.89%) compared to VMVIX (2.47%). In terms of maximum drawdown, HNMVX dropped -51.33% vs VMVIX's -61.61%.
HNMVX currently has the higher Sharpe Ratio (2.78 vs 2.02), 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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