Harbor Human Capital Factor US Small Cap ETF
$37.24+0.00 (+0.00%)
- Expense ratio
- 0.61%
- Fund size
- $170M
- 1Y return
- +19.0%
- Yield · Last 12 months
- 0.48%
- Holdings
- 192
- Volume · 30D
- 0M sh
- NAV per share
- $37.22
- 52W range
The ETF.net HAPS Grade
Score 38 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.FScore 5Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 78Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 36Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 17Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 84Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 31Category rank
Our read on HAPS
CA small-cap index fund that screens on corporate culture. Irrational Capital scores companies on how they treat their workforce, and Harbor holds the roughly 200 US small caps that rank highest. A people signal, not a balance-sheet one.
The fund seeks pre-fee and pre-expense returns that correspond to the Human Capital Factor Small Cap Index. It uses an indexing approach and invests at least 80% of assets in index securities.
Why people hold it
- The screen is genuinely unusual: a proprietary corporate-culture score from Irrational Capital, not the standard value, quality or momentum recipe most small-cap factor funds run.sec.gov
- Plain index mechanics under the hood: at least 80% of assets in index names, roughly 200 small caps, and a portfolio that has stayed closely aligned with its stated mandate.
- Not a one-off experiment. Harbor applies the same Human Capital Factor scoring in its large-cap funds, so this is the small-cap extension of a methodology already running live.businesswire.com
Worth knowing
- At 0.61% it costs more than double the small-cap cohort median of 0.25%, and the plain-vanilla leaders (VB and SCHA at 0.03%) charge a fraction of it.sec.gov
- Thinly traded next to category giants like IWM, so spreads can run wider and larger orders need more care.
- The index rules are proprietary, so you cannot fully reverse-engineer why a stock is in or out, and the fund has only traded since 2023.
HAPS Holdings
- Stocks
- 192
- 20%
- TWST
Sectors
- Health Care19.2%
- Financials18.5%
- Technology14.8%
- Industrials12.3%
- Consumer Discr.8.9%
- Energy7.2%
- Real Estate5.7%
- Materials5.6%
- Cons. Staples2.8%
- Communication2.7%
- Utilities2.4%
Geography
- United States98.38%
- Panama0.88%
- Ireland0.29%
- Luxembourg0.24%
- United Kingdom0.17%
- Israel0.04%
HAPS 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 | HAPS |
|---|---|
| Year to date | +18.6% |
| 1 month | −3.7% |
| 3 months | +3.5% |
| 1 year | +19.0% |
| 3 years | +16.2% |
| 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 | HAPS |
|---|---|---|
| 2026 YTD | +18.6% | |
| 2025 | +8.3% | |
| 2024 | +4.1% | |
| 2023 | +13.3% |
HAPS in the news
ETF.net Research hasn’t filed on HAPS yet — coverage lands here as it’s written.
HAPS Dividends
- 0.48%
- $0.18
- $0.18 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 19, 2025 | Dec 24, 2025 | $0.18 |
| Dec 20, 2024 | Dec 26, 2024 | $0.21 |
| Dec 21, 2023 | Dec 27, 2023 | $0.12 |
HAPS Risk
- 19.5%
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.
- 0.57
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.
- −27.4%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HAPS Cost
- The middle half of US Factor Index funds
- Median 0.30%
26 of the 29 US Factor Index funds charge less.