HAPSvsIWCETF Comparison
ETF 1
HAPS
Harbor Human Capital Factor US Small Cap ETF
VS
Harbor Human Capital Factor US Small Cap ETF (HAPS) belongs to the segment. iShares Micro-Cap ETF (IWC) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. HAPS is more expensive with a Total Expense Ratio (TER) of 0.61%, versus 0.6% for IWC. HAPS is up 18.96% year-to-date (YTD) with -$8K in YTD flows. IWC performs worse with 12.69% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of HAPS and IWC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HAPS vs IWC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HAPS IWC | +1.44%-5.80% | +1.25%-6.14% | +18.96%+12.69% | +19.06%+14.96% | +67.40%+98.73% | n/a+26.58% |
| Flows | HAPS IWC | --$100M | +$86K-$127M | -$8K-$2M | +$1M+$47M | -$2M-$70M | --$173M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HAPS IWC | +12.26%+17.37% | +15.34%+22.96% | +20.26%+24.46% | n/a+24.46% |
| Max drawdown | HAPS IWC | -7.11%-13.34% | -10.02%-13.34% | -27.24%-29.17% | n/a-40.55% |
| Max drawdown duration | HAPS IWC | 57d68d | 83d68d | 393d233d | n/a1409d |
Trading data
HAPS | IWC | |
Last sale 10/23/2026 at 1:30 PM | $37.33 | $176.36 |
| Previous close 10/22/2026 | $37.28 | $177.59 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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HAPS | IWC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
HAPS | IWC | |
|---|---|---|
| Last price | $37.33 | $176.36 |
| 1D performance | +0.13% | -0.69% |
| AuM | $170.78 M | $1.23 B |
| E/R | 0.61% | 0.6% |
Characteristics
HAPS | IWC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Harbor Capital | iShares |
| Benchmark | Human Capital Factor Small Cap Index | Russell Microcap Index |
| N° of holdings | 431 | 1336 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 12, 2023 | August 12, 2005 |
| ESG | Yes | No |
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Exposure
Countries
HAPS
USA
97.75%
Other
2.25%
IWC
USA
97.67%
Other
2.33%
Sectors
HAPS
Finance
26.94%
Healthcare
19.73%
Technology
15.83%
Other
37.5%
IWC
Finance
28.98%
Healthcare
27.18%
Technology
10.72%
Industrials
8.71%
Other
24.41%
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Diversification
HAPS
Total weight of top 15 holdings out of 15
25.32%
IWC
Total weight of top 15 holdings out of 15
7.17%
Top 15 holdings
Data as of August 31, 2026
HAPS
Twist Bioscience Corp.
2.90%
Kymera Therapeutics, Inc.
2.10%
Organon & Co.
2.02%
Avnet, Inc.
1.97%
Magnolia Oil & Gas Corp.
1.97%
Phillips Edison & Co., Inc.
1.91%
Sensient Technologies Corp.
1.80%
Apple Hospitality REIT, Inc.
1.65%
AtriCure, Inc.
1.37%
Tarsus Pharmaceuticals, Inc.
1.34%
The Chemours Co.
1.33%
GATX Corp.
1.32%
JFrog Ltd.
1.25%
Archrock, Inc.
1.21%
Hancock Whitney Corp.
1.18%
IWC
CareDx, Inc.
0.60%
SELLAS Life Sciences Group, Inc.
0.58%
Nurix Therapeutics, Inc.
0.57%
Penguin Solutions, Inc.
0.57%
Interface, Inc.
0.51%
Ouster, Inc.
0.50%
BlackRock Cash Funds - Treasury
0.50%
Viridian Therapeutics, Inc.
0.49%
MBX Biosciences, Inc.
0.44%
UroGen Pharma Ltd.
0.43%
Innodata, Inc.
0.42%
Nuvation Bio, Inc.
0.39%
QCR Holdings, Inc.
0.39%
Ellington Financial, Inc.
0.39%
Butterfly Network, Inc.
0.39%
Frequently asked questions about HAPS and IWC
How have the HAPS and IWC ETFs performed in 2026?
As of October 23, 2026, HAPS is up 18.96% year-to-date (YTD), while IWC has returned 12.69%. That puts HAPS better performer ahead so far this year.
Which ETF is attracting more investor money: HAPS or IWC?
Year-to-date, the HAPS ETF saw -$8K in flows, compared to -$2M for IWC.
Which ETF is more volatile: HAPS or IWC?
Over the past year, HAPS had a volatility of 15.34%, while IWC experienced 22.96%.
Which ETF is bigger: HAPS or IWC?
As of October 23, 2026, HAPS holds $170.78 M in assets under management (AUM), while IWC manages $1.23 B.
What sectors do the HAPS and IWC ETFs invest in?
HAPS leans toward sectors like Finance, Healthcare and Technology. Meanwhile, IWC focuses on Finance, Healthcare and Technology.
What are the top holdings of the HAPS ETF and IWC ETF?
HAPS top holdings include Twist Bioscience Corp., Kymera Therapeutics, Inc. and Organon & Co.. IWC holds in its top three: CareDx, Inc., SELLAS Life Sciences Group, Inc. and Nurix Therapeutics, Inc..
Which ETF is more diversified: HAPS or IWC?
HAPS holds 431 securities with 25.32% of its assets in the top 15. IWC has 1346 securities and a top 15 weight of 7.17%.
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