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ETFs

Harbor Human Capital Factor US Small Cap ETF

HAPS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 12 2023
Expense Ratio
0.64%
Type
US Equities
Fund Owner
Harbor Funds
Volume (1m avg. daily)
—
AUM
$109,188,250
Associated Index
CIBC Human Capital Factor Small Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AFRM
Affirm Holdings Inc - Ordinary Shares - Class A
2.80%
EVR
Evercore Inc - Ordinary Shares - Class A
2.20%
ABG
Asbury Automotive Group Inc
2.10%
NSP
Insperity Inc
2.00%
FUL
H.B. Fuller Company
2.00%
PTEN
Patterson-UTI Energy Inc
1.90%
APLE
Apple Hospitality REIT Inc
1.90%
BHF
Brighthouse Financial Inc
1.70%
DOC
Physicians Realty Trust
1.70%
EVH
Evolent Health Inc - Ordinary Shares - Class A
1.70%
Invest with HAPS

What is HAPS?

Harbor Capital has partnered with Irrational Capital to develop a data-driven strategy built on the Human Capital Factor. HAPS offers exposure to small capitalization companies with strong Human Capital Factor scores while constraining sectors to enhance overall diversification. The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Human Capital Factor Small Cap Index. The CIBC Human Capital Small Cap Index consists of a modified market capitalization-weighted portfolio of the equity securities of small cap U.S. companies identified by Irrational Capital LLC as those it believes to possess strong corporate culture based on its proprietary scoring methodology.

ETFs related toHAPS

ETFs correlated to HAPS include BBSC, TNA, UWM

HAPS
Harbor ETF Trust - Harbor Human Capital Factor US Small Cap ETF
BBSC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Small Cap Equity ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap 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 toHAPS

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HAPS using Composer

FAQ

HAPS is a US Equities ETF. Harbor Capital has partnered with Irrational Capital to develop a data-driven strategy built on the Human Capital Factor. HAPS offers exposure to small capitalization companies with strong Human Capital Factor scores while constraining sectors to enhance overall diversification. The Fund seeks to provide investment results that correspond, before fees and expenses, to the performance of the Human Capital Factor Small Cap Index. The CIBC Human Capital Small Cap Index consists of a modified market capitalization-weighted portfolio of the equity securities of small cap U.S. companies identified by Irrational Capital LLC as those it believes to possess strong corporate culture based on its proprietary scoring methodology.

HAPS tracks the CIBC Human Capital Factor Small Cap Index.

No, HAPS 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, HAPS 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 HAPS is -0.0287%. This is the percent change in the value of HAPS over the most recent 1-month period. The 3-month return on HAPS is -0.033%. This is the percent change in the value of HAPS over the most recent 3-month period.

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

ETFs correlated to HAPS include BBSC, TNA, and UWM.

ETFs that are inversely correlated to HAPS include SRTY, TZA, and TWM.

Disclaimers

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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.