HAPS vs VYM
Harbor Human Capital Factor US Small Cap ETF vs Vanguard High Dividend Yield ETF
Which is better, HAPS or VYM?
Small Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 3Y and the full window. HAPS is less concentrated, with 20.4% of the fund in its ten largest positions against 25.8%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.61% | 0.04%Best |
| AUM | $167M | $78.9B |
| Dividend Yield | 0.49% | 2.37% |
| Holdings | 383 | 608 |
| YTD Return | +14.59%Best | +11.83% |
| 1Y Return | +15.96%Tie | +15.96%Tie |
| 3Y Return (annualized) | +15.67% | +18.60%Best |
| 5Y Return (annualized) | - | +11.51% |
| Volatility (annualized) | 19.3% | 11.7%Best |
| Max Drawdown | -27.4% | -14.5%Best |
| $10,000 over 3.5 years | $14,555 | $16,359Best |
| Top 10 Weight | 20.4%Best | 25.8% |
| Fund Family | Harbor Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Mar 27, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Apr 13, 2023 to Oct 14, 2026 (3.5 years).
HAPS vs VYM 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 3.5 years both funds cover.
HAPS vs VYM Performance
Harbor Human Capital Factor US Small Cap ETF (HAPS) is an ETF from Harbor Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year HAPS returned +15.96% while VYM returned +15.96%. Year to date, HAPS is up 14.59% versus a gain of 11.83% for VYM.
Over three years, HAPS compounded at +15.67% per year against +18.60% for VYM. Across the full 4-year window we track, VYM has the edge at +15.10% annualized vs +11.32%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HAPS has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 11.7% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HAPS charges 0.61% per year while VYM charges 0.04%. On a $10,000 position that is $61 vs $4 annually, a gap of $57 per year that compounds over a long holding period. On income, HAPS currently yields 0.49% against 2.37% for VYM.
Holdings Overlap
35.3% of HAPS's money is in holdings VYM also owns. 0.7% of VYM's money is in holdings HAPS also owns.
The two portfolios partly overlap.
48 positions in common, counted across the 190 positions we hold weights for in HAPS and 602 in VYM, against full books of 383 and 608.
What only one of them owns
Our book lists 529 positions for VYM that do not appear in our book for HAPS (97.2% of the fund), and 138 for HAPS that do not appear in VYM (63.1%).
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 HAPS | Weight in VYM | Difference |
|---|---|---|---|
| AVTAvnet Inc | 2.24% | 0.03% | 2.21% |
| OGNOrganon & Co | 2.02% | 0.01% | 2.01% |
| MGYMagnolia Oil & Gas Corp | 1.94% | 0.02% | 1.92% |
| SXTSensient Technologies Corp | 1.76% | 0.02% | 1.74% |
| GATXGATX Corporation | 1.27% | 0.02% | 1.25% |
| CCChemours Co | 1.25% | 0.01% | 1.24% |
| AROCArchrock, Inc. | 1.18% | 0.02% | 1.16% |
| HWCHancock Whitney Corp Common Stock Usd3.33 | 1.18% | 0.02% | 1.16% |
| AUBAtlantic Union Bankshares Corp. | 1.13% | 0.02% | 1.11% |
| TNLTravel + Leisure Co | 1.08% | 0.02% | 1.06% |
35.3% of HAPS is already inside VYM.
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, HAPS or VYM?
HAPS has an expense ratio of 0.61% while VYM charges 0.04%. VYM is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, HAPS or VYM?
Over the past year HAPS returned +15.96% vs +15.96% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), HAPS annualized +11.32% vs +15.10% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HAPS or VYM?
HAPS has been the more volatile fund at 19.3% annualized versus 11.7% for VYM. Worst drawdown: HAPS -27.4% vs VYM -14.5%.
Should I hold both HAPS and VYM?
HAPS and VYM have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HAPS and VYM?
35.3% of HAPS's money is in holdings VYM also owns. 0.7% of VYM's is in holdings HAPS also owns. They hold 48 positions in common, counted across the 190 positions we hold weights for in HAPS and 602 in VYM.
Which pays a higher dividend, HAPS or VYM?
HAPS yields 0.49% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than HAPS?
VYM has a lower expense ratio. VYM led over 3Y and the full window. HAPS is less concentrated, with 20.4% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.