OSEA vs. HAPI

Last updated Jun 4, 2026

OSEA (Harbor International Compounders ETF) and HAPI (Harbor Corporate Culture ETF) are both exchange-traded funds - OSEA is a Foreign Large Cap Equities fund actively managed by Harbor, while HAPI is a Large Cap Blend Equities fund tracking the CIBC Human Capital Index. OSEA is actively managed, while HAPI is passively managed. Over the past 3 years, OSEA returned 7.38%/yr vs 22.05%/yr for HAPI. A 0.73 correlation means they provide meaningful diversification when combined. OSEA charges 0.55%/yr vs 0.35%/yr for HAPI.

Performance

OSEA vs. HAPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor International Compounders ETF (OSEA) and Harbor Corporate Culture ETF (HAPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSEA achieves a 0.79% return, which is significantly lower than HAPI's 8.77% return.

OSEA

• 1D: -0.88%
• 1M: 1.06%
• YTD: 0.79%
• 6M: 1.49%
• 1Y: 7.05%
• 3Y*: 7.38%
• 5Y*: —
• 10Y*: —

HAPI

• 1D: -0.70%
• 1M: 3.58%
• YTD: 8.77%
• 6M: 9.40%
• 1Y: 22.73%
• 3Y*: 22.05%
• 5Y*: —
• 10Y*: —

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

OSEA vs. HAPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OSEA Harbor International Compounders ETF	0.79%	18.49%	-0.73%	20.88%	17.88%
HAPI Harbor Corporate Culture ETF	8.77%	16.26%	27.62%	30.29%	6.17%

Correlation

The correlation between OSEA and HAPI is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022	0.73

The correlation between OSEA and HAPI has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

OSEA vs. HAPI - Sectors Allocation Comparison

Sectors	OSEA	HAPI
Technology	23.4%	31.8%
Industrials	20.6%	8.5%
Financial Services	14.5%	11.6%
Consumer Cyclical	11.6%	9.7%
Consumer Defensive	10.2%	5.8%
Healthcare	10.1%	7.9%
Communication Services	6.5%	16.0%
Basic Materials	5.8%	1.4%
Utilities	3.9%	2.6%
Energy	-	3.1%
Real Estate	-	1.5%

Return for Risk

OSEA vs. HAPI — Risk / Return Rank

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

OSEA

OSEA Risk / Return Rank: 17
OSEA Sharpe Ratio Rank: 16
OSEA Sortino Ratio Rank: 16
OSEA Omega Ratio Rank: 15
OSEA Calmar Ratio Rank: 17
OSEA Martin Ratio Rank: 20

HAPI

HAPI Risk / Return Rank: 60
HAPI Sharpe Ratio Rank: 59
HAPI Sortino Ratio Rank: 60
HAPI Omega Ratio Rank: 57
HAPI Calmar Ratio Rank: 57
HAPI Martin Ratio Rank: 67

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.

OSEA vs. HAPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor International Compounders ETF (OSEA) and Harbor Corporate Culture ETF (HAPI). 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.

	OSEA	HAPI	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.99	-1.52
Sortino ratio: Return per unit of downside risk	0.76	2.85	-2.09
Omega ratio: Gain probability vs. loss probability	1.09	1.35	-0.26
Calmar ratio: Return relative to maximum drawdown	0.64	2.81	-2.17
Martin ratio: Return relative to average drawdown	2.29	12.30	-10.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSEA vs. HAPI - Sharpe Ratio Comparison

The current OSEA Sharpe Ratio is 0.47, which is lower than the HAPI Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of OSEA and HAPI, 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

	OSEA	HAPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	1.99	-1.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.60	-0.81

Drawdowns

OSEA vs. HAPI - Drawdown Comparison

The maximum OSEA drawdown since its inception was -18.14%, smaller than the maximum HAPI drawdown of -19.46%. Use the drawdown chart below to compare losses from any high point for OSEA and HAPI.

Drawdown Indicators

	OSEA	HAPI	Difference
Max Drawdown Largest peak-to-trough decline	-18.14%	-19.46%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-8.12%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-19.46%	+1.32%
Current Drawdown Current decline from peak	-3.02%	-0.70%	-2.32%
Average Drawdown Average peak-to-trough decline	-3.82%	-2.02%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.85%	+1.24%

Volatility

OSEA vs. HAPI - Volatility Comparison

Harbor International Compounders ETF (OSEA) has a higher volatility of 5.42% compared to Harbor Corporate Culture ETF (HAPI) at 2.45%. This indicates that OSEA's price experiences larger fluctuations and is considered to be riskier than HAPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSEA	HAPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	2.45%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	8.71%	+3.34%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	11.48%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	15.60%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	15.60%	+1.02%

OSEA vs. HAPI - Expense Ratio Comparison

OSEA has a 0.55% expense ratio, which is higher than HAPI's 0.35% expense ratio.

Dividends

OSEA vs. HAPI - Dividend Comparison

OSEA's dividend yield for the trailing twelve months is around 1.23%, more than HAPI's 0.80% yield.

Position	TTM	2025	2024	2023	2022
HAPI Harbor Corporate Culture ETF	0.80%	0.87%	0.21%	1.21%	0.29%
OSEA Harbor International Compounders ETF	1.23%	1.24%	0.51%	0.65%	0.11%

Frequently Asked Questions

Can I hold both OSEA and HAPI in my portfolio?

OSEA and HAPI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSEA or HAPI?

OSEA has higher volatility (5.42%) compared to HAPI (2.45%). In terms of maximum drawdown, OSEA dropped -18.14% vs HAPI's -19.46%.

Which ETF is better, OSEA or HAPI?

On 3-year performance, HAPI leads with 22.05% vs 7.38% for OSEA. On fees, HAPI is cheaper at 0.35% per year. On volatility, HAPI has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OSEA or HAPI?

Over the 3-year period, HAPI has performed better with a 22.05% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OSEA or HAPI?

HAPI is cheaper with a 0.35% expense ratio, compared with 0.55% for OSEA.

Which ETF pays a higher dividend yield, OSEA or HAPI?

OSEA has the higher dividend yield at 1.23%, compared with 0.80% for HAPI.

What is the main difference between OSEA and HAPI?

OSEA is categorized as Foreign Large Cap Equities, while HAPI is Large Cap Blend Equities. Their fees differ too: 0.55% for OSEA and 0.35% for HAPI.

Which has better risk-adjusted returns?

HAPI currently has the higher Sharpe Ratio (1.99 vs 0.47), 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.