HAPI vs IVV
HAPI vs IVV
Harbor Human Capital Factor US Large Cap ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HAPI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $484M | $865.2B | |
| Dividend Yield | 0.80% | 1.09% | |
| Holdings | 155 | 508 | |
| YTD Return | +11.04% | +11.54% | |
| 1Y Return | +18.42% | +21.48% | |
| 3Y Return (annualized) | +21.16% | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 12.7% | 15.1% | |
| Max Drawdown | -19.5% | -56.5% | |
| Fund Family | Harbor Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2022 | May 15, 2000 |
HAPI vs IVV Performance
Harbor Human Capital Factor US Large Cap ETF (HAPI) is a ETF from Harbor Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HAPI returned +18.42% while IVV returned +21.48%. Year to date, HAPI is up 11.04% versus a gain of 11.54% for IVV.
Over three years, HAPI compounded at +21.16% per year against +20.86% for IVV. Across the full 4-year window we track, HAPI has the edge at +24.19% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.7% for HAPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.5% for HAPI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HAPI charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, HAPI currently yields 0.80% against 1.09% for IVV.
Holdings Overlap
HAPI and IVV share 134 holdings out of 527 unique holdings combined, representing a 47.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HAPI | Weight in IVV | Difference |
|---|---|---|---|
| AAPL | 6.02% | 7.44% | 1.42% |
| NVDA | 5.24% | 7.76% | 2.52% |
| AMZN | 5.40% | 3.75% | 1.65% |
| MSFT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings HAPI shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HAPI or IVV?
HAPI has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, HAPI or IVV?
Over the past year HAPI returned +18.42% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +24.19% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, HAPI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.7% for HAPI. Worst drawdown: HAPI -19.5% vs IVV -56.5%.
Should I hold both HAPI and IVV?
HAPI and IVV have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HAPI and IVV?
HAPI and IVV share 134 common holdings with a 47.8% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, HAPI or IVV?
HAPI yields 0.80% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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