Harbor Human Capital Factor US Small Cap ETF
$36.560.00 (0.00%)
- 0.61%
- $168M
- +21.1%
- 0.49%
- 0M sh
- $36.55
- low $29.42high $38.86
The ETF.net HAPS Grade
D
Score 37 out of 100
- 22 of 30
Score 37 of 100 falls in the D 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.F5 out of 100Rank 28 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.A77 out of 100Rank 12 of 23Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 23 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F8 out of 100Rank 30 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A85 out of 100Rank 2 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D30 out of 100Rank 25 of 30
Our read on HAPS
DA 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
- 189
- 20%
- TWST
Sectors
- Financials21.7%
- Technology17.1%
- Health Care17.1%
- Industrials11.9%
- Consumer Discretionary7.5%
- Energy6.6%
- Real Estate5.6%
- Materials5.0%
- Consumer Staples2.9%
- Utilities2.5%
- Communication2.1%
Geography
- United States98.32%
- Panama0.94%
- Ireland0.27%
- Luxembourg0.24%
- United Kingdom0.19%
- 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.
Not enough history yet.Not enough history yet.
HAPS$12,109
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 | HAPS |
|---|---|
| Year to date | +16.5% |
| 1 month | −2.3% |
| 3 months | −2.3% |
| 1 year | +21.1% |
| 3 years | +16.6% |
| 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 | +16.5% | |
| 2025 | +8.3% | |
| 2024 | +4.1% | |
| 2023 | +13.3% |
HAPS in the news
HAPS Dividends
- 0.49%
- $0.18
- $0.18 per share
- Annual
Distribution history
HAPS Risk
- 19.3%
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.
- 0.59
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.
- 1.16
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
0.61%
HAPS0.61%
- The middle half of US Factor Index funds
- Median 0.30%
27 of the 30 US Factor Index funds charge less.
Other funds in US Factor Index
- 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%
- DUPGDInvesco Bloomberg Analyst Rating Improvers ETFExpense ratio 0.40%1 year return +13.1%
- DXSHDInvesco S&P SmallCap High Dividend Low Volatility ETFExpense ratio 0.30%1 year return +4.8%
- DPKWInvesco BuyBack Achievers ETFExpense ratio 0.63%1 year return +15.6%