HAPSvsRFLRETF 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. Innovator U.S. Small Cap Managed Floor ETF (RFLR) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. HAPS is less expensive with a Total Expense Ratio (TER) of 0.61%, versus 0.89% for RFLR. HAPS is up 18.13% year-to-date (YTD) with -$93K in YTD flows. RFLR performs worse with 13.51% YTD performance, and +$42M in YTD flows. Run a side-by-side ETF comparison of HAPS and RFLR 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 RFLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HAPS RFLR | +1.78%+1.16% | +8.71%+7.56% | +18.13%+13.51% | +27.44%+24.00% | +39.07%n/a | n/an/a |
| Flows | HAPS RFLR | -+$8M | +$148K+$11M | -$93K+$42M | +$1M+$59M | -$988K- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HAPS RFLR | +13.72%+11.99% | +16.66%+12.93% | +20.60%n/a | n/an/a |
| Max drawdown | HAPS RFLR | -4.51%-3.13% | -10.02%-5.65% | -27.24%n/a | n/an/a |
| Max drawdown duration | HAPS RFLR | 28d12d | 83d43d | 393dn/a | n/an/a |
Trading data
HAPS | RFLR | |
Last sale 7/24/2026 at 1:30 PM | $37.07 | $32.23 |
| Previous close 07/23/2026 | $36.85 | $32.23 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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RFLR
is actively managed and doesn’t replicate an indexHAPS | RFLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
HAPS | RFLR | |
|---|---|---|
| Last price | $37.07 | $32.23 |
| 1D performance | +0.60% | +0.01% |
| AuM | $169.60 M | $91.75 M |
| E/R | 0.61% | 0.89% |
Characteristics
HAPS | RFLR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Harbor Capital | Innovator |
| Benchmark | Human Capital Factor Small Cap Index | - |
| N° of holdings | 444 | 813 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 12, 2023 | September 16, 2024 |
| ESG | Yes | No |
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Exposure
Countries
HAPS
USA
97.8%
Other
2.2%
RFLR
USA
91.73%
Other
8.27%
Sectors
HAPS
Finance
26.1%
Healthcare
17.69%
Technology
16.51%
Industrials
7.24%
Other
32.46%
RFLR
Finance
25.51%
Healthcare
17.47%
Technology
12.07%
Industrials
8.77%
Other
36.18%
Diversification
HAPS
Total weight of top 15 holdings out of 15
25.33%
RFLR
Total weight of top 15 holdings out of 15
4.63%
Top 15 holdings
Data as of June 30, 2026
HAPS
Twist Bioscience Corp.
3.11%
Kymera Therapeutics, Inc.
2.30%
Phillips Edison & Co., Inc.
1.96%
Magnolia Oil & Gas Corp.
1.75%
Organon & Co.
1.70%
Sensient Technologies Corp.
1.59%
Avnet, Inc.
1.54%
Archrock, Inc.
1.54%
Apple Hospitality REIT, Inc.
1.53%
The Chemours Co.
1.51%
Powell Industries, Inc.
1.44%
Resideo Technologies, Inc.
1.43%
GATX Corp.
1.33%
Ultragenyx Pharmaceutical, Inc.
1.30%
Granite Construction, Inc.
1.30%
RFLR
Commvault Systems, Inc.
0.40%
Vishay Intertechnology, Inc.
0.40%
Varonis Systems, Inc.
0.36%
Axcelis Technologies, Inc.
0.36%
TG Therapeutics, Inc.
0.31%
Tenable Holdings, Inc.
0.30%
First BanCorp (Puerto Rico)
0.29%
Robert Half, Inc.
0.29%
SM Energy Co.
0.29%
Lantheus Holdings, Inc.
0.28%
Mercury Systems, Inc.
0.28%
JFrog Ltd.
0.27%
Granite Construction, Inc.
0.27%
Extreme Networks, Inc.
0.27%
Trex Co., Inc.
0.26%
Frequently asked questions about HAPS and RFLR
How have the HAPS and RFLR ETFs performed in 2026?
As of July 24, 2026, HAPS is up 18.13% year-to-date (YTD), while RFLR has returned 13.51%. That puts HAPS better performer ahead so far this year.
Which ETF is attracting more investor money: HAPS or RFLR?
Year-to-date, the HAPS ETF saw -$93K in flows, compared to +$42M for RFLR.
Which ETF is more volatile: HAPS or RFLR?
Over the past year, HAPS had a volatility of 16.66%, while RFLR experienced 12.93%.
Which ETF is bigger: HAPS or RFLR?
As of July 24, 2026, HAPS holds $169.60 M in assets under management (AUM), while RFLR manages $91.75 M.
What sectors do the HAPS and RFLR ETFs invest in?
HAPS leans toward sectors like Finance, Healthcare and Technology. Meanwhile, RFLR focuses on Finance, Healthcare and Technology.
What are the top holdings of the HAPS ETF and RFLR ETF?
HAPS top holdings include Twist Bioscience Corp., Kymera Therapeutics, Inc. and Phillips Edison & Co., Inc.. RFLR holds in its top three: Commvault Systems, Inc., Vishay Intertechnology, Inc. and Varonis Systems, Inc..
Which ETF is more diversified: HAPS or RFLR?
HAPS holds 444 securities with 25.33% of its assets in the top 15. RFLR has 814 securities and a top 15 weight of 4.63%.
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Latest news about HAPS & RFLR
How Innovator's "Managed Floor" ETFs Can Fit Into a 40/30/30 Portfolio
October 3, 2024
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First Trust Launches the First Trust Emerging Markets Human Flourishing ETF
November 29, 2023
HAPS
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