Harbor Human Capital Factor US Large Cap ETF (HAPI)
$47.06−0.04 (−0.08%)
- 0.35%
- $513M
- +20.0%
- 0.75%
- 0M sh
- $47.11
- low $38.47high $47.15
The ETF.net HAPI Grade
C
Score 49 out of 100
- 18 of 30
Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D34 out of 100Rank 19 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.A88 out of 100Rank 6 of 23Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 7 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F15 out of 100Rank 28 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 24 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F21 out of 100Rank 28 of 30
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
- 157
- 43%
- MSFT
Sectors
- Technology34.1%
- Communication15.0%
- Financials11.4%
- Consumer Discretionary8.7%
- Health Care8.6%
- Industrials8.4%
- Consumer Staples5.6%
- Energy3.4%
- Utilities1.7%
- Materials1.7%
- Real Estate1.4%
Geography
- United States97.61%
- Ireland1.00%
- Sweden0.60%
- Uruguay0.36%
- Cayman Islands0.22%
- Bermuda0.11%
- Canada0.04%
- Switzerland0.04%
- 0.02%
HAPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
HAPI$12,003
Returns run to the Oct 12, 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 | +14.8% |
| 1 month | +2.3% |
| 3 months | +4.7% |
| 1 year | +20.0% |
| 3 years | +22.7% |
| 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 | +14.8% | |
| 2025 | +16.3% | |
| 2024 | +27.6% | |
| 2023 | +30.1% | |
| 2022 | +6.2% |
HAPI in the news
HAPI Dividends
- 0.75%
- $0.36
- $0.36 per share
- Annual
Distribution history
HAPI Risk
- 12.1%
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.
- 1.37
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.
- 0.94
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
0.35%
HAPI0.35%
- The middle half of US Factor Index funds
- Median 0.30%
18 of the 30 US Factor Index funds charge less.
Other funds in US Factor Index
- CXMMOInvesco S&P MidCap Momentum ETFExpense ratio 0.34%1 year return +11.1%
- CXSMOInvesco S&P SmallCap Momentum ETFExpense ratio 0.35%1 year return +15.6%
- CTMFCMotley Fool 100 Index ETFExpense ratio 0.50%1 year return +18.0%
- CPOWAInvesco Bloomberg Pricing Power ETFExpense ratio 0.40%1 year return +1.5%
- CCALFPacer US Small Cap Cash Cows ETFExpense ratio 0.59%1 year return +33.3%