HAPS vs QQQ
Harbor Human Capital Factor US Small Cap ETF vs Invesco QQQ Trust, Series 1
Which is better, HAPS or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. HAPS is less concentrated, with 18.5% of the fund in its ten largest positions against 46.5%.
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 | HAPS | QQQ |
|---|---|---|
| Expense Ratio | 0.61% | 0.18%Best |
| AUM | $176M | $486.1B |
| Dividend Yield | 0.48% | 0.44% |
| Holdings | 196 | 107 |
| YTD Return | +21.74%Best | +17.54% |
| 1Y Return | +24.07% | +25.59%Best |
| 3Y Return (annualized) | +14.84% | +24.63%Best |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 19.2% | 17.2%Best |
| Max Drawdown | -27.4% | -22.8%Best |
| $10,000 over 3.4 years | $15,478 | $22,976Best |
| Top 10 Weight | 18.5%Best | 46.5% |
| Fund Family | Harbor Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Mar 27, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Apr 13, 2023 to Sep 4, 2026 (3.4 years).
HAPS 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 3.4 years both funds cover.
HAPS vs QQQ Performance
Harbor Human Capital Factor US Small Cap ETF (HAPS) is an ETF from Harbor Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year HAPS returned +24.07% while QQQ returned +25.59%. Year to date, HAPS is up 21.74% versus a gain of 17.54% for QQQ.
Over three years, HAPS compounded at +14.84% per year against +24.63% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HAPS has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 17.2% for QQQ. 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 -27.4% for HAPS 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HAPS charges 0.61% per year while QQQ charges 0.18%. On a $10,000 position that is $61 vs $18 annually, a gap of $43 per year that compounds over a long holding period. On income, HAPS currently yields 0.48% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 196 holdings in HAPS and 102 in QQQ, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 196 positions we hold weights for in HAPS and 102 in QQQ, against full books of 196 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for HAPS (97.5% of the fund), and 191 for HAPS that do not appear in QQQ (97.5%).
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.
You are not choosing between two funds in isolation.
Whichever of HAPS and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HAPS or QQQ?
HAPS has an expense ratio of 0.61% while QQQ charges 0.18%. QQQ is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, HAPS or QQQ?
Over the past year HAPS returned +24.07% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAPS or QQQ?
HAPS has been the more volatile fund at 19.2% annualized versus 17.2% for QQQ. Worst drawdown: HAPS -27.4% vs QQQ -22.8%.
Should I hold both HAPS and QQQ?
HAPS and QQQ 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.
Which pays a higher dividend, HAPS or QQQ?
HAPS yields 0.48% while QQQ yields 0.44%, so HAPS currently pays the higher dividend yield.
Is QQQ better than HAPS?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. HAPS is less concentrated, with 18.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.