DFAC vs HAPI

ADFAC

BHAPI

Measures won2–3HAPI wins · of 6 · 5Y

$10,000 · 5Y$18,068QQQ · SPY $17,493

Lowest cost0.09%SPY · $9 on $10k

Most income1.01%SPY · $101 on $10k

Smallest drop−8.1%HAPI · worst fall in 1Y

Held in common41.9%DFAC and HAPI

DFAC

HAPI

Dimensional - US Core Equity 2 ETF · $85.6BHarbor Human Capital Factor US Large Cap ETF (HAPI) · $483M

+21.2%3 years · per year$17,787 · $18,105+21.9%

+11.0%5 years · per year$16,820 · […][…]

0.21%Expense ratio$21 · $35 on $10k · lower wins0.35%

0.88%12-mo yield$88 · $78 on $10k0.78%

−8.5%Worst dropSmaller wins−8.1%

13.1%VolatilityLower wins12.9%

2–3HAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsDFAC · HAPI

5.9%AAPL6.2%

5.0%MSFT6.1%

4.9%NVDA4.7%

2.7%AMZN6.0%

Held in common41.9%

End-of-day Nov 9, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	QQQ	Invesco QQQ Trust, Series 1Read Desk	0.18%	0.46%	+3.5%	+11.0%	+11.6%	+23.9%	+12.6%	−14.8%	$446.1B
2	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	ADFAC	Dimensional - US Core Equity 2 ETFRead Desk	0.21%	0.88%	+2.4%	+14.1%	+17.7%	+21.2%	+11.0%	−8.5%	$85.6B
4	BHAPI	Harbor Human Capital Factor US Large Cap ETF (HAPI)Read Desk	0.35%	0.78%	+2.4%	+10.6%	+13.6%	+21.9%	new	−8.1%	$483M

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	QQQ	Invesco QQQ Trust, Series 1Read Desk	0.18%	0.46%	+3.5%	+11.0%	+11.6%	+23.9%	+12.6%	−14.8%	$446.1B
2	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	ADFAC	Dimensional - US Core Equity 2 ETFRead Desk	0.21%	0.88%	+2.4%	+14.1%	+17.7%	+21.2%	+11.0%	−8.5%	$85.6B
4	BHAPI	Harbor Human Capital Factor US Large Cap ETF (HAPI)Read Desk	0.35%	0.78%	+2.4%	+10.6%	+13.6%	+21.9%	new	−8.1%	$483M

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

DFAC vs HAPI

DFAC

Dimensional - US Core Equity 2

$16,820

HAPI

Harbor Human Capital Factor US Large Cap ETF (HAPI)

[…]

MeasureDFACHAPI

Fee0.21%0.35%

Cost on $10k a year$21$35

Yield0.88%0.78%

5 years, per year+11.0%[…]

3 years, per year+21.2%+21.9%

Worst drop · 1Y−8.5%−8.1%

Volatility · 1Y13.1%12.9%

3–2measures won
HAPI first

41.9%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+11.3%

SPYSPDR

+11.2%

+11.3%Year to date+11.2%

1.0%Yield1.0%

$179BAssets$778B

1–0SPYM wins

End-of-day Nov 9, 2026

QQQM vs QQQ

YTD

InvescoQQQM

+10.9%

QQQInvesco

+11.0%

+10.9%Year to date+11.0%

0.15% · $15Fee · on $10k a year0.18% · $18

$103BAssets$446B

1–1level

End-of-day Nov 9, 2026

TQQQ vs QQQ

YTD

ProSharesTQQQ

+9.9%

QQQInvesco

+11.0%

+9.9%Year to date+11.0%

0.94% · $94Fee · on $10k a year0.18% · $18

$29.1BAssets$446B

2–0QQQ wins

End-of-day Nov 9, 2026

Overlap: HAPI, DFAC, SPY, QQQ

Today

68.9%most shared, DFAC and SPY

HAPIDFACSPYQQQ

HAPI—41.9%50.7%41.8%

DFAC41.9%—68.9%34.7%

SPY50.7%68.9%—52.4%

QQQ41.8%34.7%52.4%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$92most kept, SPY

SPY$101 − $9 = $92

DFAC$88 − $21 = $67

HAPI$78 − $35 = $43

QQQ$46 − $18 = $28

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee