SPY vs HAPI

ASPY

BHAPI

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$17,543VOO · SPY $17,493

Lowest cost0.03%VOO · $3 on $10k

Most income1.21%IJR · $121 on $10k

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

Held in common50.7%SPY and HAPI

SPY

HAPI

State Street SPDR S&P 500 ETF · $778BHarbor Human Capital Factor US Large Cap ETF (HAPI) · $483M

+21.9%3 years · per year$18,118 · $18,105+21.9%

+11.8%5 years · per year$17,493 · […][…]

0.09%Expense ratio$9 · $35 on $10k · lower wins0.35%

1.01%12-mo yield$101 · $78 on $10k0.78%

−8.9%Worst dropSmaller wins−8.1%

13.7%VolatilityLower wins12.9%

2–2Level

$10,000 · 5 yearsAll four, one scale

Shared top holdingsSPY · HAPI

7.9%AAPL6.2%

6.2%MSFT6.1%

7.1%NVDA4.7%

4.0%AMZN6.0%

Held in common50.7%

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	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
2	ASPY	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	IJR	iShares Core S&P Small-Cap ETFRead Desk	0.06%	1.21%	+3.0%	+18.9%	+22.8%	+17.4%	+5.8%	−9.7%	$106.7B
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	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
2	ASPY	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	IJR	iShares Core S&P Small-Cap ETFRead Desk	0.06%	1.21%	+3.0%	+18.9%	+22.8%	+17.4%	+5.8%	−9.7%	$106.7B
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

SPY vs HAPI

SPY

SPDR S&P 500

$17,493

HAPI

Harbor Human Capital Factor US Large Cap ETF (HAPI)

[…]

MeasureSPYHAPI

Fee0.09%0.35%

Cost on $10k a year$9$35

Yield1.01%0.78%

5 years, per year+11.8%[…]

3 years, per year+21.9%+21.9%

Worst drop · 1Y−8.9%−8.1%

Volatility · 1Y13.7%12.9%

2–2measures won
level

50.7%

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

VOO vs IVV

YTD

VanguardVOO

+11.3%

IVViShares

+11.3%

+11.3%Year to date+11.3%

1.1%Yield1.1%

$1.00TAssets$875B

0–0level

End-of-day Nov 9, 2026

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$122BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

Overlap: SPY, HAPI, IJR, VOO

Today

92.7%most shared, SPY and VOO

SPYHAPIIJRVOO

SPY—50.7%0.0%92.7%

HAPI50.7%—0.1%49.8%

IJR0.0%0.1%—0.0%

VOO92.7%49.8%0.0%—

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

Income After Fees on $10,000

$115most kept, IJR

IJR$121 − $6 = $115

VOO$107 − $3 = $104

SPY$101 − $9 = $92

HAPI$78 − $35 = $43

KeptFee

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