HAPI vs QQQ
Harbor Human Capital Factor US Large Cap ETF vs Invesco QQQ Trust, Series 1
Which is better, HAPI or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. HAPI is less concentrated, with 42.7% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HAPI | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $500M | $498.6B |
| Dividend Yield | 0.77% | 0.42% |
| Holdings | 156 | 321 |
| YTD Return | +12.48% | +22.67%Best |
| 1Y Return | +15.46% | +24.33%Best |
| 3Y Return (annualized) | +23.40% | +29.05%Best |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 12.5%Best | 17.9% |
| Max Drawdown | -19.5%Best | -22.8% |
| $10,000 over 4 years | $23,248 | $28,781Best |
| Top 10 Weight | 42.7%Best | 47.2% |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Oct 12, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 13, 2022 to Oct 2, 2026 (4 years).
HAPI vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
HAPI vs QQQ Performance
Harbor Human Capital Factor US Large Cap ETF (HAPI) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year HAPI returned +15.46% while QQQ returned +24.33%. Year to date, HAPI is up 12.48% versus a gain of 22.67% for QQQ.
Over three years, HAPI compounded at +23.40% per year against +29.05% for QQQ. Across the full 4-year window we track, QQQ has the edge at +30.25% annualized vs +23.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 12.5% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. 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 0.77% against 0.42% for QQQ.
Holdings Overlap
50.9% of HAPI's money is in holdings QQQ also owns. 49.6% of QQQ's money is in holdings HAPI also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 156 positions we hold weights for in HAPI and 102 in QQQ, against full books of 156 and 321.
What only one of them owns
Our book lists 62 positions for QQQ that do not appear in our book for HAPI (48.1% of the fund), and 117 for HAPI that do not appear in QQQ (48.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HAPI | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.31% | 8.45% | 3.14% |
| AAPLApple, Inc | 5.77% | 7.80% | 2.03% |
| MSFTMicrosoft Corp | 5.49% | 5.88% | 0.39% |
| AMZNAmazon.Com Inc | 5.74% | 4.41% | 1.33% |
| GOOGLAlphabet Inc,class A | 4.92% | 3.15% | 1.77% |
| METAMeta Platforms Inc | 4.50% | 3.07% | 1.43% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.09% | 1.95% | 1.14% |
| NFLXNetflix, Inc. | 2.38% | 1.44% | 0.94% |
| COSTCostco Wholesale Corp. | 1.43% | 1.77% | 0.34% |
| LRCXLam Research Corp | 1.26% | 1.64% | 0.38% |
50.9% of HAPI is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $17 a year on a $10,000 investment.
Which performed better, HAPI or QQQ?
Over the past year HAPI returned +15.46% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +23.48% vs +30.25% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAPI or QQQ?
QQQ has been the more volatile fund at 17.9% annualized versus 12.5% for HAPI. Worst drawdown: HAPI -19.5% vs QQQ -22.8%.
Should I hold both HAPI and QQQ?
HAPI and QQQ have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HAPI and QQQ?
50.9% of HAPI's money is in holdings QQQ also owns. 49.6% of QQQ's is in holdings HAPI also owns. They hold 34 positions in common, counted across the 156 positions we hold weights for in HAPI and 102 in QQQ.
Which pays a higher dividend, HAPI or QQQ?
HAPI yields 0.77% while QQQ yields 0.42%, so HAPI currently pays the higher dividend yield.
Is QQQ better than HAPI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. HAPI is less concentrated, with 42.7% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.