HAPI vs VTI
Harbor Human Capital Factor US Large Cap ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, HAPI or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. HAPI led over 3Y and the full window, VTI over 1Y. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% 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 | VTI |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $501M | $666.9B |
| Dividend Yield | 0.77% | 1.03% |
| Holdings | 157 | 3,543 |
| YTD Return | +10.70% | +11.06%Best |
| 1Y Return | +15.03% | +15.41%Best |
| 3Y Return (annualized) | +20.65%Best | +20.48% |
| 5Y Return (annualized) | - | +11.52% |
| Volatility (annualized) | 12.7%Best | 13.4% |
| Max Drawdown | -19.5% | -19.3%Best |
| $10,000 over 3.9 years | $22,612Best | $21,181 |
| Top 10 Weight | 42.2% | 33.3%Best |
| Fund Family | Harbor Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 12, 2022 | May 24, 2001 |
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 VTI 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 VTI Performance
Harbor Human Capital Factor US Large Cap ETF (HAPI) is an ETF from Harbor Funds and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year HAPI returned +15.03% while VTI returned +15.41%. Year to date, HAPI is up 10.70% versus a gain of 11.06% for VTI.
Over three years, HAPI compounded at +20.65% per year against +20.48% for VTI. Across the full 4-year window we track, HAPI has the edge at +23.27% annualized vs +21.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.77% against 1.03% for VTI.
Holdings Overlap
97.0% of HAPI's money is in holdings VTI also owns. 47.8% of VTI's money is in holdings HAPI also owns.
Most of HAPI is already inside VTI. Owning both mostly buys the same companies twice.
148 positions in common, counted across the 156 positions we hold weights for in HAPI and 3,463 in VTI, against full books of 157 and 3,543.
What only one of them owns
Our book lists 1,004 positions for VTI that do not appear in our book for HAPI (49.7% of the fund), and 6 for HAPI that do not appear in VTI (2.9%).
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 VTI | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.66% | 6.29% | 0.63% |
| NVDANvidia Corp | 5.29% | 6.40% | 1.11% |
| MSFTMicrosoft Corp | 5.56% | 4.79% | 0.77% |
| AMZNAmazon.Com Inc | 5.71% | 3.65% | 2.06% |
| GOOGLAlphabet Inc,class A | 4.88% | 2.90% | 1.98% |
| METAMeta Platforms Inc | 4.02% | 1.70% | 2.32% |
| JPMJpmorgan Chase | 3.19% | 1.31% | 1.88% |
| LLYEli Lilly & Co. | 2.38% | 1.35% | 1.03% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.02% | 0.57% | 2.45% |
| NFLXNetflix, Inc. | 2.49% | 0.42% | 2.07% |
97.0% of HAPI is already inside VTI.
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 VTI?
HAPI has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, HAPI or VTI?
Over the past year HAPI returned +15.03% vs +15.41% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), HAPI annualized +23.27% vs +21.22% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAPI or VTI?
VTI has been the more volatile fund at 13.4% annualized versus 12.7% for HAPI. Worst drawdown: HAPI -19.5% vs VTI -19.3%.
Should I hold both HAPI and VTI?
HAPI and VTI have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between HAPI and VTI?
97.0% of HAPI's money is in holdings VTI also owns. 47.8% of VTI's is in holdings HAPI also owns. They hold 148 positions in common, counted across the 156 positions we hold weights for in HAPI and 3,463 in VTI.
Which pays a higher dividend, HAPI or VTI?
HAPI yields 0.77% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than HAPI?
VTI has a lower expense ratio. HAPI led over 3Y and the full window, VTI over 1Y. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% 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.