HAPI vs VTI

Quick Verdict

VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.

Lower Fees: VTIHigher Returns: VTIMore Diversified: VTI

Side-by-Side Comparison

MetricHAPIVTIWinner
Expense Ratio0.35%0.03%
AUM$484M$663.5B
Dividend Yield0.80%1.07%
Holdings1553,543
YTD Return+11.04%+11.83%
1Y Return+18.42%+21.79%
3Y Return (annualized)+21.16%+20.40%
5Y Return (annualized)-+11.96%
Volatility (annualized)12.7%15.3%
Max Drawdown-19.5%-56.6%
Fund FamilyHarbor FundsVanguard (US)
CategoryEquityEquity
InceptionOct 12, 2022May 24, 2001

HAPI vs VTI Performance

Harbor Human Capital Factor US Large Cap ETF (HAPI) is a ETF from Harbor Funds and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year HAPI returned +18.42% while VTI returned +21.79%. Year to date, HAPI is up 11.04% versus a gain of 11.83% for VTI.

Over three years, HAPI compounded at +21.16% per year against +20.40% for VTI. Across the full 4-year window we track, HAPI has the edge at +24.19% annualized vs +8.06%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.97. 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 VTI 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 1.07% for VTI.

Holdings Overlap

44.7%overlap

HAPI and VTI share 146 holdings out of 2793 unique holdings combined, representing a 44.7% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in HAPIWeight in VTIDifference
AAPL6.02%5.84%0.18%
NVDA5.24%6.32%1.08%
AMZN5.40%3.17%2.23%
MSFTProProPro
GOOGLProProPro
METAProProPro
JPMProProPro
LLYProProPro
CSCOProProPro
NFLXProProPro
See all 10 holdings HAPI shares with VTI
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Frequently Asked Questions

Which is cheaper, HAPI or VTI?

HAPI has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $32 per year of difference.

Which performed better, HAPI or VTI?

Over the past year HAPI returned +18.42% vs +21.79% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +24.19% vs +8.06% for VTI. Past performance does not guarantee future results.

Which is riskier, HAPI or VTI?

VTI has been the more volatile fund at 15.3% annualized versus 12.7% for HAPI. Worst drawdown: HAPI -19.5% vs VTI -56.6%.

Should I hold both HAPI and VTI?

HAPI and VTI have a monthly-return correlation of 0.97, 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 VTI?

HAPI and VTI share 146 common holdings with a 44.7% weight overlap. Combined, they hold 2793 unique securities.

Which pays a higher dividend, HAPI or VTI?

HAPI yields 0.80% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.

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