SIFI vs. GDIV

Last updated Jun 24, 2026

SIFI (Harbor Scientific Alpha Income ETF) and GDIV (Harbor Dividend Growth Leaders ETF) are both exchange-traded funds - SIFI is a Multisector Bonds fund actively managed by Harbor, while GDIV is a Large Cap Blend Equities fund actively managed by Harbor. Both are actively managed. Over the past 3 years, SIFI returned 7.51%/yr vs 16.54%/yr for GDIV. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

SIFI vs. GDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Scientific Alpha Income ETF (SIFI) and Harbor Dividend Growth Leaders ETF (GDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIFI achieves a 1.26% return, which is significantly lower than GDIV's 11.24% return.

SIFI

• 1D: -0.00%
• 1M: 0.47%
• YTD: 1.26%
• 6M: 1.45%
• 1Y: 6.31%
• 3Y*: 7.51%
• 5Y*: —
• 10Y*: —

GDIV

• 1D: -0.67%
• 1M: 1.10%
• YTD: 11.24%
• 6M: 10.27%
• 1Y: 24.24%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

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

SIFI vs. GDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SIFI Harbor Scientific Alpha Income ETF	1.26%	8.83%	5.05%	8.75%	0.05%
GDIV Harbor Dividend Growth Leaders ETF	11.24%	10.81%	14.83%	16.45%	-1.01%

Correlation

The correlation between SIFI and GDIV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.50

Return for Risk

SIFI vs. GDIV — Risk / Return Rank

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

SIFI

SIFI Risk / Return Rank: 62
SIFI Sharpe Ratio Rank: 63
SIFI Sortino Ratio Rank: 71
SIFI Omega Ratio Rank: 66
SIFI Calmar Ratio Rank: 51
SIFI Martin Ratio Rank: 58

GDIV

GDIV Risk / Return Rank: 64
GDIV Sharpe Ratio Rank: 67
GDIV Sortino Ratio Rank: 70
GDIV Omega Ratio Rank: 67
GDIV Calmar Ratio Rank: 55
GDIV Martin Ratio Rank: 62

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.

SIFI vs. GDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha Income ETF (SIFI) and Harbor Dividend Growth Leaders ETF (GDIV). 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.

	SIFI	GDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.04	-0.13
Sortino ratio: Return per unit of downside risk	2.91	2.94	-0.03
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.01
Calmar ratio: Return relative to maximum drawdown	2.33	2.52	-0.18
Martin ratio: Return relative to average drawdown	9.55	10.46	-0.91

SIFI vs. GDIV - Sharpe Ratio Comparison

The current SIFI Sharpe Ratio is 1.90, which is comparable to the GDIV Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of SIFI and GDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIFI vs. GDIV - Drawdown Comparison

The maximum SIFI drawdown since its inception was -14.68%, smaller than the maximum GDIV drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for SIFI and GDIV.

Drawdown Indicators

	SIFI	GDIV	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-18.93%	+4.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-9.67%	+6.96%
Max Drawdown (3Y) Largest decline over 3 years	-3.46%	-18.93%	+15.47%
Current Drawdown Current decline from peak	-0.27%	-0.80%	+0.53%
Average Drawdown Average peak-to-trough decline	-4.77%	-3.14%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	2.32%	-1.66%

Volatility

SIFI vs. GDIV - Volatility Comparison

The current volatility for Harbor Scientific Alpha Income ETF (SIFI) is 0.79%, while Harbor Dividend Growth Leaders ETF (GDIV) has a volatility of 2.97%. This indicates that SIFI experiences smaller price fluctuations and is considered to be less risky than GDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIFI	GDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	2.97%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	9.38%	-6.90%
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	12.04%	-8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.91%	15.28%	-10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.91%	15.28%	-10.37%

SIFI vs. GDIV - Expense Ratio Comparison

Both SIFI and GDIV have an expense ratio of 0.50%.

Dividends

SIFI vs. GDIV - Dividend Comparison

SIFI's dividend yield for the trailing twelve months is around 6.44%, more than GDIV's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021
GDIV Harbor Dividend Growth Leaders ETF	1.13%	1.19%	1.30%	2.27%	5.88%	0.00%
SIFI Harbor Scientific Alpha Income ETF	6.44%	6.57%	5.87%	5.71%	3.88%	0.86%

Frequently Asked Questions

Can I hold both SIFI and GDIV in my portfolio?

SIFI and GDIV have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIFI or GDIV?

GDIV has higher volatility (2.97%) compared to SIFI (0.79%). In terms of maximum drawdown, SIFI dropped -14.68% vs GDIV's -18.93%.

Which ETF is better, SIFI or GDIV?

On 3-year performance, GDIV leads with 16.54% vs 7.51% for SIFI. Both ETFs have the same 0.50% expense ratio. On volatility, SIFI has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIFI or GDIV?

Over the 3-year period, GDIV has performed better with a 16.54% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIFI or GDIV?

SIFI and GDIV have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, SIFI or GDIV?

SIFI has the higher dividend yield at 6.44%, compared with 1.13% for GDIV.

What is the main difference between SIFI and GDIV?

SIFI is categorized as Multisector Bonds, while GDIV is Large Cap Blend Equities.

Which has better risk-adjusted returns?

GDIV currently has the higher Sharpe Ratio (2.04 vs 1.90), 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.