SIFI vs. HOLD

Last updated Jun 25, 2026

SIFI (Harbor Scientific Alpha Income ETF) and HOLD (Harbor Alpha Layering ETF) are both exchange-traded funds - SIFI is a Multisector Bonds fund actively managed by Harbor, while HOLD is a Multistrategy fund actively managed by Harbor. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. SIFI charges 0.50%/yr vs 0.70%/yr for HOLD.

Performance

SIFI vs. HOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, SIFI achieves a 1.33% return, which is significantly lower than HOLD's 4.24% return.

SIFI

• 1D: 0.07%
• 1M: 0.54%
• YTD: 1.33%
• 6M: 1.42%
• 1Y: 5.99%
• 3Y*: 7.53%
• 5Y*: —
• 10Y*: —

HOLD

• 1D: -1.99%
• 1M: -7.53%
• YTD: 4.24%
• 6M: 2.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIFI vs. HOLD - Yearly Performance Comparison

	2026 (YTD)	2025
SIFI Harbor Scientific Alpha Income ETF	1.33%	2.83%
HOLD Harbor Alpha Layering ETF	4.24%	8.77%

Correlation

The correlation between SIFI and HOLD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.35

Return for Risk

SIFI vs. HOLD — Risk / Return Rank

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

SIFI

SIFI Risk / Return Rank: 61
SIFI Sharpe Ratio Rank: 63
SIFI Sortino Ratio Rank: 69
SIFI Omega Ratio Rank: 66
SIFI Calmar Ratio Rank: 51
SIFI Martin Ratio Rank: 58

HOLD

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

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. HOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha Income ETF (SIFI) and Harbor Alpha Layering ETF (HOLD). 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	HOLD	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.77	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.22	—	—
Martin ratio: Return relative to average drawdown	9.07	—	—

Drawdowns

SIFI vs. HOLD - Drawdown Comparison

The maximum SIFI drawdown since its inception was -14.68%, which is greater than HOLD's maximum drawdown of -9.47%. Use the drawdown chart below to compare losses from any high point for SIFI and HOLD.

Drawdown Indicators

	SIFI	HOLD	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-9.47%	-5.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.46%	—	—
Current Drawdown Current decline from peak	-0.20%	-8.60%	+8.40%
Average Drawdown Average peak-to-trough decline	-4.76%	-2.10%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	SIFI	HOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	15.67%	-12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.91%	15.67%	-10.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.91%	15.67%	-10.76%

SIFI vs. HOLD - Expense Ratio Comparison

SIFI has a 0.50% expense ratio, which is lower than HOLD's 0.70% expense ratio.

Dividends

SIFI vs. HOLD - Dividend Comparison

SIFI's dividend yield for the trailing twelve months is around 6.44%, less than HOLD's 7.02% yield.

Position	TTM	2025	2024	2023	2022	2021
HOLD Harbor Alpha Layering ETF	7.02%	7.32%	0.00%	0.00%	0.00%	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 HOLD in my portfolio?

SIFI and HOLD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIFI or HOLD?

On fees, SIFI is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIFI or HOLD?

SIFI is cheaper with a 0.50% expense ratio, compared with 0.70% for HOLD.

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

HOLD has the higher dividend yield at 7.02%, compared with 6.44% for SIFI.

What is the main difference between SIFI and HOLD?

SIFI is categorized as Multisector Bonds, while HOLD is Multistrategy. Their fees differ too: 0.50% for SIFI and 0.70% for HOLD.