HOLD vs. WINN

Last updated Jun 27, 2026

HOLD (Harbor Alpha Layering ETF) and WINN (Harbor Long-Term Growers ETF) are both exchange-traded funds - HOLD is a Multistrategy fund actively managed by Harbor, while WINN is a Large Cap Growth Equities fund actively managed by Harbor. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. HOLD charges 0.70%/yr vs 0.57%/yr for WINN.

Performance

HOLD vs. WINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Alpha Layering ETF (HOLD) and Harbor Long-Term Growers ETF (WINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOLD achieves a 4.51% return, which is significantly higher than WINN's 1.27% return.

HOLD

• 1D: -0.42%
• 1M: -6.93%
• YTD: 4.51%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WINN

• 1D: 0.57%
• 1M: -4.46%
• YTD: 1.27%
• 6M: -0.13%
• 1Y: 9.50%
• 3Y*: 20.09%
• 5Y*: —
• 10Y*: —

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

HOLD vs. WINN - Yearly Performance Comparison

	2026 (YTD)	2025
HOLD Harbor Alpha Layering ETF	4.51%	8.77%
WINN Harbor Long-Term Growers ETF	1.27%	2.84%

Correlation

The correlation between HOLD and WINN is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.58

Return for Risk

HOLD vs. WINN — Risk / Return Rank

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

HOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WINN

WINN Risk / Return Rank: 17
WINN Sharpe Ratio Rank: 18
WINN Sortino Ratio Rank: 17
WINN Omega Ratio Rank: 17
WINN Calmar Ratio Rank: 15
WINN Martin Ratio Rank: 16

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.

HOLD vs. WINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) and Harbor Long-Term Growers ETF (WINN). 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.

	HOLD	WINN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.56	—
Sortino ratio: Return per unit of downside risk	—	0.88	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.53	—
Martin ratio: Return relative to average drawdown	—	1.60	—

Drawdowns

HOLD vs. WINN - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, smaller than the maximum WINN drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for HOLD and WINN.

Drawdown Indicators

	HOLD	WINN	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-32.07%	+22.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.66%	—
Current Drawdown Current decline from peak	-8.37%	-7.38%	-0.99%
Average Drawdown Average peak-to-trough decline	-2.16%	-9.03%	+6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.95%	—

Volatility

Volatility by Period

	HOLD	WINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	17.03%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	23.76%	-8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.62%	23.76%	-8.14%

HOLD vs. WINN - Expense Ratio Comparison

HOLD has a 0.70% expense ratio, which is higher than WINN's 0.57% expense ratio.

Dividends

HOLD vs. WINN - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 7.00%, while WINN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HOLD Harbor Alpha Layering ETF	7.00%	7.32%	0.00%	0.00%	0.00%
WINN Harbor Long-Term Growers ETF	0.00%	0.00%	0.00%	0.06%	0.06%

Frequently Asked Questions

Can I hold both HOLD and WINN in my portfolio?

HOLD and WINN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOLD or WINN?

On fees, WINN is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOLD or WINN?

WINN is cheaper with a 0.57% expense ratio, compared with 0.70% for HOLD.

Which ETF pays a higher dividend yield, HOLD or WINN?

HOLD has the higher dividend yield at 7.00%, compared with 0.00% for WINN.

What is the main difference between HOLD and WINN?

HOLD is categorized as Multistrategy, while WINN is Large Cap Growth Equities. Their fees differ too: 0.70% for HOLD and 0.57% for WINN.