HAPI vs SCHD
Harbor Human Capital Factor US Large Cap ETF vs Schwab US Dividend Equity ETF
Which is better, HAPI or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. HAPI led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.2%.
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 | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $501M | $112.1B |
| Dividend Yield | 0.77% | 3.00% |
| Holdings | 157 | 103 |
| YTD Return | +10.70% | +24.04%Best |
| 1Y Return | +15.03% | +27.95%Best |
| 3Y Return (annualized) | +20.65%Best | +15.51% |
| 5Y Return (annualized) | - | +9.80% |
| Volatility (annualized) | 12.7%Best | 13.4% |
| Max Drawdown | -19.5% | -16.1%Best |
| $10,000 over 3.9 years | $22,612Best | $16,784 |
| Top 10 Weight | 42.2% | 41.8%Best |
| Fund Family | Harbor Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Oct 12, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 13, 2022 to Sep 16, 2026 (3.9 years).
HAPI vs SCHD 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 3.9 years both funds cover.
HAPI vs SCHD Performance
Harbor Human Capital Factor US Large Cap ETF (HAPI) is an ETF from Harbor Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year HAPI returned +15.03% while SCHD returned +27.95%. Year to date, HAPI is up 10.70% versus a gain of 24.04% for SCHD.
Over three years, HAPI compounded at +20.65% per year against +15.51% for SCHD. Across the full 4-year window we track, HAPI has the edge at +23.27% annualized vs +14.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.4% 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 -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HAPI charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, HAPI currently yields 0.77% against 3.00% for SCHD.
Holdings Overlap
9.2% of HAPI's money is in holdings SCHD also owns. 39.8% of SCHD's money is in holdings HAPI also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 156 positions we hold weights for in HAPI and 100 in SCHD, against full books of 157 and 103.
What only one of them owns
Our book lists 83 positions for SCHD that do not appear in our book for HAPI (60.1% of the fund), and 136 for HAPI that do not appear in SCHD (90.5%).
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 SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 2.08% | 4.02% | 1.94% |
| MRKMerck & Company Inc | 0.83% | 4.77% | 3.94% |
| AMGNAmgen Inc. | 0.53% | 4.70% | 4.17% |
| PGProcter & Gamble Company | 1.34% | 3.83% | 2.49% |
| VZVerizon Communic | 1.08% | 3.97% | 2.89% |
| ADPAutomatic Data Processing, Inc. | 0.91% | 2.79% | 1.88% |
| MOAltria Group Inc | 0.45% | 2.79% | 2.34% |
| LMTLockheed Martin Corp | 0.42% | 2.78% | 2.36% |
| BXBlackstone Group Inc. Class A | 0.36% | 2.59% | 2.23% |
| SLBSchlumberger Nv. | 0.28% | 2.19% | 1.91% |
39.8% of SCHD is already inside HAPI.
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 SCHD?
HAPI has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, HAPI or SCHD?
Over the past year HAPI returned +15.03% vs +27.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +23.27% vs +14.20% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAPI or SCHD?
SCHD has been the more volatile fund at 13.4% annualized versus 12.7% for HAPI. Worst drawdown: HAPI -19.5% vs SCHD -16.1%.
Should I hold both HAPI and SCHD?
HAPI and SCHD have a monthly-return correlation of 0.59, 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 SCHD?
39.8% of SCHD's money is in holdings HAPI also owns. 39.8% of SCHD's is in holdings HAPI also owns. They hold 16 positions in common, counted across the 156 positions we hold weights for in HAPI and 100 in SCHD.
Which pays a higher dividend, HAPI or SCHD?
HAPI yields 0.77% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than HAPI?
SCHD has a lower expense ratio. HAPI led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.