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ETFs

Harbor Human Capital Factor US Large Cap ETF

HAPI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2022
Expense Ratio
0.36%
Type
US Equities
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$668
AUM
$254,477,000
Associated Index
CIBC Human Capital Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
6.00%
MSFT
Microsoft Corporation
5.40%
AAPL
Apple Inc
5.20%
NVDA
NVIDIA Corp
4.10%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.80%
GOOG
Alphabet Inc - Ordinary Shares - Class C
3.50%
MA
Mastercard Incorporated - Ordinary Shares - Class A
3.30%
LLY
Lilly(Eli) & Co
3.20%
JNJ
Johnson & Johnson
2.90%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
2.90%
Invest with HAPI

What is HAPI?

The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund invests at least 80% of its total assets in securities that are included in the Index. The Index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those it believes to possess strong corporate culture based on its proprietary scoring methodology. The Index was developed by the Canadian Imperial Bank of Commerce (the "Index Provider"). Irrational Capital calculates Human Capital Factor scores based on a proprietary, rules-based scoring methodology it developed by leveraging its research in behavioral science, data science and human capital. The scoring methodology seeks to quantitatively measure the contribution of a company's corporate culture to its financial performance.

ETFs related toHAPI

ETFs correlated to HAPI include GAUG, PBUS, SPUU

HAPI
Harbor ETF Trust - Harbor Human Capital Factor US Large Cap ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHAPI

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#BUFF

Copy Warren Buffett

Category

Classic, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HAPI using Composer

FAQ

HAPI is a US Equities ETF. The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund invests at least 80% of its total assets in securities that are included in the Index. The Index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those it believes to possess strong corporate culture based on its proprietary scoring methodology. The Index was developed by the Canadian Imperial Bank of Commerce (the "Index Provider"). Irrational Capital calculates Human Capital Factor scores based on a proprietary, rules-based scoring methodology it developed by leveraging its research in behavioral science, data science and human capital. The scoring methodology seeks to quantitatively measure the contribution of a company's corporate culture to its financial performance.

HAPI tracks the CIBC Human Capital Index.

No, HAPI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HAPI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HAPI is -0.0077%. This is the percent change in the value of HAPI over the most recent 1-month period. The 3-month return on HAPI is 0.0145%. This is the percent change in the value of HAPI over the most recent 3-month period.

ETFs similar to HAPI include SPHQ, DSI, and QUAL.

ETFs correlated to HAPI include GAUG, PBUS, and SPUU.

ETFs that are inversely correlated to HAPI include SDS, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.