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ETFs

Harbor Corporate Culture Leaders 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)
$2,460
AUM
$10,122,000
Associated Index
Human Capital Factor Unconstrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

RBLX
Roblox Corporation - Ordinary Shares - Class A
1.80%
SRPT
Sarepta Therapeutics Inc
1.80%
IOT
Samsara Inc - Ordinary Shares - Class A
1.70%
TTD
Trade Desk Inc - Ordinary Shares - Class A
1.70%
ROKU
Roku Inc - Ordinary Shares - Class A
1.60%
CRM
Salesforce Inc
1.60%
NVDA
NVIDIA Corp
1.60%
AGL
Agilon Health Inc
1.60%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.60%
ED
Consolidated Edison, 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 Corporate Culture Leaders 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
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF

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

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

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 -0.0955%. This is the percent change in the value of HAPY over the most recent 1-month period. The 3-month return on HAPY is -0.0135%. 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 0.3305%. 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 SPLV, PRF, and SPHQ.

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

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

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.