ROIV vs. HACAX
Compare and contrast key facts about Roivant Sciences Ltd. (ROIV) and Harbor Capital Appreciation Fund Class I (HACAX).
HACAX is managed by Harbor Funds. It was launched on Dec 29, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROIV or HACAX.
Key characteristics
| ROIV | HACAX | |
|---|---|---|
| YTD Return | 6.32% | 20.71% |
| 1Y Return | 3.92% | 32.55% |
| 3Y Return (Ann) | 6.21% | 5.08% |
| Sharpe Ratio | 0.16 | 1.71 |
| Daily Std Dev | 45.07% | 19.33% |
| Max Drawdown | -79.22% | -63.00% |
| Current Drawdown | -11.69% | -4.60% |
Correlation
The correlation between ROIV and HACAX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ROIV vs. HACAX - Performance Comparison
In the year-to-date period, ROIV achieves a 6.32% return, which is significantly lower than HACAX's 20.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ROIV vs. HACAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roivant Sciences Ltd. (ROIV) and Harbor Capital Appreciation Fund Class I (HACAX). 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
ROIV vs. HACAX - Dividend Comparison
Neither ROIV nor HACAX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROIV Roivant Sciences Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HACAX Harbor Capital Appreciation Fund Class I | 0.00% | 0.00% | 0.00% | 18.64% | 12.25% | 8.88% | 10.97% | 11.56% | 6.26% | 6.83% | 6.52% | 3.13% |
Drawdowns
ROIV vs. HACAX - Drawdown Comparison
The maximum ROIV drawdown since its inception was -79.22%, which is greater than HACAX's maximum drawdown of -63.00%. Use the drawdown chart below to compare losses from any high point for ROIV and HACAX. For additional features, visit the drawdowns tool.
Volatility
ROIV vs. HACAX - Volatility Comparison
Roivant Sciences Ltd. (ROIV) has a higher volatility of 8.69% compared to Harbor Capital Appreciation Fund Class I (HACAX) at 6.64%. This indicates that ROIV's price experiences larger fluctuations and is considered to be riskier than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.