SIHY vs. GDIV

Last updated Jun 4, 2026

SIHY (Harbor Scientific Alpha High-Yield ETF) and GDIV (Harbor Dividend Growth Leaders ETF) are both exchange-traded funds - SIHY is a High Yield Bonds fund tracking the ICE BofA US High Yield, while GDIV is a Large Cap Blend Equities fund actively managed by Harbor. SIHY is passively managed, while GDIV is actively managed. Over the past 3 years, SIHY returned 9.23%/yr vs 16.87%/yr for GDIV. A 0.61 correlation means they provide meaningful diversification when combined. SIHY charges 0.48%/yr vs 0.50%/yr for GDIV.

Performance

SIHY vs. GDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Scientific Alpha High-Yield ETF (SIHY) 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, SIHY achieves a 1.74% return, which is significantly lower than GDIV's 11.37% return.

SIHY

• 1D: -0.13%
• 1M: 0.88%
• YTD: 1.74%
• 6M: 2.22%
• 1Y: 8.47%
• 3Y*: 9.23%
• 5Y*: —
• 10Y*: —

GDIV

• 1D: -0.12%
• 1M: 3.80%
• YTD: 11.37%
• 6M: 11.88%
• 1Y: 24.33%
• 3Y*: 16.87%
• 5Y*: —
• 10Y*: —

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

SIHY vs. GDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SIHY Harbor Scientific Alpha High-Yield ETF	1.74%	8.13%	8.67%	13.31%	1.46%
GDIV Harbor Dividend Growth Leaders ETF	11.37%	10.81%	14.83%	16.45%	-1.53%

Correlation

The correlation between SIHY and GDIV is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 24, 2022	0.61

The correlation between SIHY and GDIV has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

SIHY vs. GDIV - Sectors Allocation Comparison

Sectors	SIHY	GDIV
Industrials	14.8%	16.2%
Consumer Cyclical	13.9%	8.9%
Energy	11.9%	5.0%
Technology	8.8%	23.4%
Financial Services	6.3%	18.2%
Real Estate	5.3%	1.1%
Basic Materials	3.2%	1.4%
Communication Services	3.0%	-
Utilities	3.0%	4.1%
Consumer Defensive	2.0%	7.4%
Healthcare	1.5%	14.4%

Return for Risk

SIHY vs. GDIV — Risk / Return Rank

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

SIHY

SIHY Risk / Return Rank: 63
SIHY Sharpe Ratio Rank: 61
SIHY Sortino Ratio Rank: 69
SIHY Omega Ratio Rank: 66
SIHY Calmar Ratio Rank: 55
SIHY Martin Ratio Rank: 62

GDIV

GDIV Risk / Return Rank: 60
GDIV Sharpe Ratio Rank: 61
GDIV Sortino Ratio Rank: 64
GDIV Omega Ratio Rank: 62
GDIV Calmar Ratio Rank: 51
GDIV Martin Ratio Rank: 60

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.

SIHY vs. GDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) 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.

	SIHY	GDIV	Difference
Sharpe ratio Return per unit of total volatility	2.04	2.06	-0.02
Sortino ratio Return per unit of downside risk	3.17	2.99	+0.18
Omega ratio Gain probability vs. loss probability	1.40	1.38	+0.02
Calmar ratio Return relative to maximum drawdown	2.69	2.53	+0.16
Martin ratio Return relative to average drawdown	11.10	10.49	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIHY vs. GDIV - Sharpe Ratio Comparison

The current SIHY Sharpe Ratio is 2.04, which is comparable to the GDIV Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SIHY 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.

Sharpe Ratios by Period

	SIHY	GDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.06	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.84	-0.20

Drawdowns

SIHY vs. GDIV - Drawdown Comparison

The maximum SIHY drawdown since its inception was -13.30%, smaller than the maximum GDIV drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for SIHY and GDIV.

Drawdown Indicators

	SIHY	GDIV	Difference
Max Drawdown Largest peak-to-trough decline	-13.30%	-18.93%	+5.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-9.67%	+6.50%
Max Drawdown (3Y) Largest decline over 3 years	-5.36%	-18.93%	+13.57%
Current Drawdown Current decline from peak	-0.13%	-0.12%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.78%	-3.18%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	2.32%	-1.56%

Volatility

SIHY vs. GDIV - Volatility Comparison

The current volatility for Harbor Scientific Alpha High-Yield ETF (SIHY) is 1.16%, while Harbor Dividend Growth Leaders ETF (GDIV) has a volatility of 3.38%. This indicates that SIHY 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

	SIHY	GDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	3.38%	-2.22%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	9.30%	-6.21%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	11.89%	-7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.58%	15.32%	-7.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.58%	15.32%	-7.74%

SIHY vs. GDIV - Expense Ratio Comparison

SIHY has a 0.48% expense ratio, which is lower than GDIV's 0.50% expense ratio.

Dividends

SIHY vs. GDIV - Dividend Comparison

SIHY's dividend yield for the trailing twelve months is around 7.26%, 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%
SIHY Harbor Scientific Alpha High-Yield ETF	7.26%	7.61%	7.54%	7.06%	6.31%	1.30%

Frequently Asked Questions

Can I hold both SIHY and GDIV in my portfolio?

SIHY and GDIV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIHY or GDIV?

GDIV has higher volatility (3.38%) compared to SIHY (1.16%). In terms of maximum drawdown, SIHY dropped -13.30% vs GDIV's -18.93%.

Which ETF is better, SIHY or GDIV?

On 3-year performance, GDIV leads with 16.87% vs 9.23% for SIHY. On fees, SIHY is cheaper at 0.48% per year. On volatility, SIHY has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIHY or GDIV?

Over the 3-year period, GDIV has performed better with a 16.87% return vs 9.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIHY or GDIV?

SIHY is cheaper with a 0.48% expense ratio, compared with 0.50% for GDIV.

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

SIHY has the higher dividend yield at 7.26%, compared with 1.13% for GDIV.

What is the main difference between SIHY and GDIV?

SIHY is categorized as High Yield Bonds, while GDIV is Large Cap Blend Equities. Their fees differ too: 0.48% for SIHY and 0.50% for GDIV.

Which has better risk-adjusted returns?

GDIV currently has the higher Sharpe Ratio (2.06 vs 2.04), 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.