HAPI vs QQQ
HAPI vs QQQ
Harbor Human Capital Factor US Large Cap ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. HAPI offers more diversification with 156 holdings.
Side-by-Side Comparison
| Metric | HAPI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $484M | $455.8B | |
| Dividend Yield | 0.80% | 0.41% | |
| Holdings | 155 | 108 | |
| YTD Return | +12.81% | +18.34% | |
| 1Y Return | +20.30% | +28.94% | |
| 3Y Return (annualized) | +21.37% | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 12.7% | 30.6% | |
| Max Drawdown | -19.5% | -83.0% | |
| Fund Family | Harbor Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2022 | Mar 10, 1999 |
HAPI vs QQQ Performance
Harbor Human Capital Factor US Large Cap ETF (HAPI) is a ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HAPI returned +20.30% while QQQ returned +28.94%. Year to date, HAPI is up 12.81% versus a gain of 18.34% for QQQ.
Over three years, HAPI compounded at +21.37% per year against +25.28% for QQQ. Across the full 4-year window we track, HAPI has the edge at +24.69% annualized vs +13.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAPI charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, HAPI currently yields 0.80% against 0.41% for QQQ.
Holdings Overlap
HAPI and QQQ share 34 holdings out of 225 unique holdings combined, representing a 41.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HAPI | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 6.02% | 7.46% | 1.44% |
| NVDA | 5.24% | 7.88% | 2.64% |
| AMZN | 5.40% | 4.26% | 1.14% |
| MSFT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
See all 10 holdings HAPI shares with QQQ 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 QQQ?
HAPI has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, HAPI or QQQ?
Over the past year HAPI returned +20.30% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +24.69% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, HAPI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.7% for HAPI. Worst drawdown: HAPI -19.5% vs QQQ -83.0%.
Should I hold both HAPI and QQQ?
HAPI and QQQ have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HAPI and QQQ?
HAPI and QQQ share 34 common holdings with a 41.4% weight overlap. Combined, they hold 225 unique securities.
Which pays a higher dividend, HAPI or QQQ?
HAPI yields 0.80% while QQQ yields 0.41%, so HAPI currently pays the higher dividend yield.
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