HAPS vs VOO
Harbor Human Capital Factor US Small Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. HAPS delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HAPS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.03% | |
| AUM | $171M | $979.0B | |
| Dividend Yield | 0.47% | 1.09% | |
| Holdings | 202 | 509 | |
| YTD Return | +22.06% | +13.80% | |
| 1Y Return | +34.36% | +23.71% | |
| 3Y Return (annualized) | +13.59% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 19.5% | 14.1% | |
| Max Drawdown | -27.4% | -34.3% | |
| Fund Family | Harbor Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 27, 2023 | Sep 7, 2010 |
HAPS vs VOO Performance
Harbor Human Capital Factor US Small Cap ETF (HAPS) is a ETF from Harbor Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HAPS returned +34.36% while VOO returned +23.71%. Year to date, HAPS is up 22.06% versus a gain of 13.80% for VOO.
Over three years, HAPS compounded at +13.59% per year against +21.50% for VOO. Across the full 3-year window we track, HAPS has the edge at +14.14% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HAPS has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAPS charges 0.61% per year while VOO charges 0.03%. On a $10,000 position that is $61 vs $3 annually, a gap of $58 per year that compounds over a long holding period. On income, HAPS currently yields 0.47% against 1.09% for VOO.
Holdings Overlap
HAPS and VOO share 0 holdings out of 700 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HAPS or VOO?
HAPS has an expense ratio of 0.61% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, HAPS or VOO?
Over the past year HAPS returned +34.36% vs +23.71% for VOO, so HAPS leads on 1-year performance. Over the longest common window we track (3 years), HAPS annualized +14.14% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, HAPS or VOO?
HAPS has been the more volatile fund at 19.5% annualized versus 14.1% for VOO. Worst drawdown: HAPS -27.4% vs VOO -34.3%.
Should I hold both HAPS and VOO?
HAPS and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HAPS and VOO?
HAPS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 700 unique securities.
Which pays a higher dividend, HAPS or VOO?
HAPS yields 0.47% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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