SPGP vs. HACAX
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and Harbor Capital Appreciation Fund Class I (HACAX).
SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. 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: SPGP or HACAX.
Correlation
The correlation between SPGP and HACAX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPGP vs. HACAX - Performance Comparison
Key characteristics
SPGP:
1.26
HACAX:
0.87
SPGP:
1.76
HACAX:
1.21
SPGP:
1.22
HACAX:
1.18
SPGP:
1.95
HACAX:
0.78
SPGP:
5.41
HACAX:
3.62
SPGP:
3.44%
HACAX:
5.18%
SPGP:
14.78%
HACAX:
21.43%
SPGP:
-42.08%
HACAX:
-68.72%
SPGP:
-1.67%
HACAX:
-12.52%
Returns By Period
In the year-to-date period, SPGP achieves a 5.09% return, which is significantly higher than HACAX's 1.54% return. Over the past 10 years, SPGP has outperformed HACAX with an annualized return of 14.38%, while HACAX has yielded a comparatively lower 7.28% annualized return.
SPGP
5.09%
6.25%
7.18%
17.82%
12.69%
14.38%
HACAX
1.54%
-8.96%
1.17%
17.24%
7.52%
7.28%
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SPGP vs. HACAX - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is lower than HACAX's 0.71% expense ratio.
Risk-Adjusted Performance
SPGP vs. HACAX — Risk-Adjusted Performance Rank
SPGP
HACAX
SPGP vs. HACAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) 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
SPGP vs. HACAX - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.31%, while HACAX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 1.31% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% |
HACAX Harbor Capital Appreciation Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.24% | 0.16% | 0.11% | 0.08% | 0.08% |
Drawdowns
SPGP vs. HACAX - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, smaller than the maximum HACAX drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for SPGP and HACAX. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. HACAX - Volatility Comparison
The current volatility for Invesco S&P 500 GARP ETF (SPGP) is 4.57%, while Harbor Capital Appreciation Fund Class I (HACAX) has a volatility of 11.32%. This indicates that SPGP experiences smaller price fluctuations and is considered to be less risky than HACAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.