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ETFs

Harbor Human Capital Factor Unconstrained ETF

HAPY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 23, 2022
Expense Ratio
0.50%
Type
US Equities
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$514
AUM
$10,390,250
Associated Index
Human Capital Factor Unconstrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GLOB
Globant S.A.
1.60%
SPOT
Spotify Technology S.A.
1.60%
VMW
Vmware Inc. - Ordinary Shares - Class A
1.50%
ZS
Zscaler Inc
1.50%
SRPT
Sarepta Therapeutics Inc
1.50%
GWRE
Guidewire Software Inc
1.50%
EPAM
EPAM Systems Inc
1.50%
S
SentinelOne Inc - Ordinary Shares - Class A
1.50%
TPG
TPG Inc - Ordinary Shares - Class A
1.50%
MORN
Morningstar Inc
1.50%
Invest with HAPY

What is HAPY?

The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund invests at least 80% of its total assets in securities that are included in the Index. The Index is designed to deliver exposure to equity securities of U.S. companies that are "corporate culture leaders" based on scores produced by Irrational Capital LLC ("Irrational Capital" or the "Index Provider"). "Corporate culture leaders" are those companies with high "Human Capital Factor" scores, which are determined by Irrational Capital in accordance with a rules-based methodology that seeks to identify companies that best manage their human capital, resulting in highly motivated and engaged employees. Companies with market capitalizations in excess of $1 billion at the time of Index reconstitution are eligible for inclusion in the Index. The Index is equally weighted and composed of approximately 70 to 100 companies with top Human Capital Factor scores at the time of Index reconstitution.

ETFs related toHAPY

ETFs correlated to HAPY include VOT, IWP, XSW

HAPY
Harbor ETF Trust - Harbor Human Capital Factor Unconstrained ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHAPY

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HAPY using Composer

FAQ

HAPY is a US Equities ETF. The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund invests at least 80% of its total assets in securities that are included in the Index. The Index is designed to deliver exposure to equity securities of U.S. companies that are "corporate culture leaders" based on scores produced by Irrational Capital LLC ("Irrational Capital" or the "Index Provider"). "Corporate culture leaders" are those companies with high "Human Capital Factor" scores, which are determined by Irrational Capital in accordance with a rules-based methodology that seeks to identify companies that best manage their human capital, resulting in highly motivated and engaged employees. Companies with market capitalizations in excess of $1 billion at the time of Index reconstitution are eligible for inclusion in the Index. The Index is equally weighted and composed of approximately 70 to 100 companies with top Human Capital Factor scores at the time of Index reconstitution.

HAPY tracks the Human Capital Factor Unconstrained Index.

No, HAPY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HAPY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HAPY is -0.0115%. This is the percent change in the value of HAPY over the most recent 1-month period. The 3-month return on HAPY is -0.0035%. This is the percent change in the value of HAPY over the most recent 3-month period.

The standard deviation of HAPY for the past year is 0.2442%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HAPY include SPHQ, DSI, and QUAL.

ETFs correlated to HAPY include VOT, IWP, and XSW.

ETFs that are inversely correlated to HAPY include HIBS, WEBS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.