Harbor Human Capital Factor US Large Cap ETF (HAPI)
$46.08−0.17 (−0.36%)
- Expense ratio
- 0.35%
- Fund size
- $504M
- 1Y return
- +15.2%
- Yield · Last 12 months
- 0.77%
- Holdings
- 156
- Volume · 30D
- 0M sh
- NAV per share
- $46.22
- 52W range
The ETF.net HAPI Grade
Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 34Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 88Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 67Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 18Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 35Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 21Category rank
Our read on HAPI
CMost factor funds screen balance sheets. HAPI screens culture, tracking an index that picks roughly 150 U.S. large caps using a proprietary corporate-culture score. A human-capital bet in a plain index wrapper.
The Fund uses an indexing strategy to track the Human Capital Factor Large Cap Index, investing at least 80% of assets in index securities. The index selects roughly 150 U.S. companies using a proprietary corporate-culture scoring methodology.
Why people hold it
- A genuinely different screen. The index selects its U.S. large caps on a corporate-culture score rather than the usual value, size or momentum plumbing.
- No black-box trading overlay. It is a straightforward indexing strategy that keeps at least 80% of assets in the index's own securities.
- Spread across roughly 160 U.S. large caps, so the culture screen arrives as a diversified portfolio rather than a concentrated thematic bet.
- Live since 2022 with a real asset base in the hundreds of millions. Past the fragile launch-week stage for a niche idea.
Worth knowing
- At 0.35% a year it prices above the typical U.S. factor ETF. Broad factor tilts like SIZE (0.15%) or MGV (0.05%) cost far less if the culture angle isn't the draw.
- Thinly traded next to the giants of its category, so limit orders and trading during regular market hours matter more here.
- The culture score is proprietary, and with a 2022 launch there's limited history showing how the screen behaves across a full market cycle.
HAPI Holdings
- Stocks
- 156
- 43%
- AAPL
Sectors
- Technology33.4%
- Communication14.2%
- Financials12.3%
- Consumer Discr.9.4%
- Industrials8.4%
- Health Care8.4%
- Cons. Staples5.6%
- Energy3.3%
- Utilities1.9%
- Materials1.8%
- Real Estate1.4%
Geography
- United States97.67%
- Ireland0.98%
- Sweden0.62%
- Uruguay0.36%
- Cayman Islands0.17%
- Bermuda0.11%
- Canada0.04%
- Switzerland0.04%
- 0.01%
HAPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HAPI |
|---|---|
| Year to date | +12.6% |
| 1 month | −0.0% |
| 3 months | +4.8% |
| 1 year | +15.2% |
| 3 years | +22.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HAPI |
|---|---|---|
| 2026 YTD | +12.6% | |
| 2025 | +16.3% | |
| 2024 | +27.6% | |
| 2023 | +30.1% | |
| 2022 | +6.2% |
HAPI in the news
ETF.net Research hasn’t filed on HAPI yet — coverage lands here as it’s written.
HAPI Dividends
- 0.77%
- $0.36
- $0.36 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 19, 2025 | Dec 24, 2025 | $0.36 |
| Dec 20, 2024 | Dec 26, 2024 | $0.08 |
| Dec 21, 2023 | Dec 27, 2023 | $0.29 |
| Dec 21, 2022 | Dec 27, 2022 | $0.06 |
HAPI Risk
- 12.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HAPI Cost
- The middle half of US Factor Index funds
- Median 0.30%
17 of the 29 US Factor Index funds charge less.