HAPSvsRFLRETF Comparison
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Harbor Human Capital Factor US Small Cap ETF (HAPS) belongs to the US Large Cap segment. Innovator U.S. Small Cap Managed Floor ETF (RFLR) is part of the Options Strategies segment. HAPS's top 3 sector exposures are Financials, Health Care and Information Technology. In contrast, RFLR's top sector exposures are Financials, Health Care and Industrials. HAPS is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.89% for RFLR. HAPS is up 8.67% year-to-date (YTD) with -$241K in YTD flows. RFLR performs worse with 5.53% YTD performance, and +$31M 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HAPS RFLR | +10.89%+3.74% | +4.15%+1.63% | +8.67%+5.53% | +32.24%+27.41% | +39.20%n/a | n/an/a |
| Flows | HAPS RFLR | +$52K+$10M | -$241K+$21M | -$241K+$31M | +$1M+$50M | +$79M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HAPS RFLR | +18.73%+13.56% | +17.55%+12.44% | +21.14%n/a | n/an/a |
| Max drawdown | HAPS RFLR | -9.59%-5.60% | -10.02%-5.65% | -27.24%n/a | n/an/a |
| Max drawdown duration | HAPS RFLR | 64d48d | 83d43d | 393dn/a | n/an/a |
Trading data
HAPS | RFLR | |
Last sale 4/27/2026 at 1:30 PM | $34.30 | $30.15 |
| Previous close 04/24/2026 | $34.10 | $30.00 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/27/2026 at 1:30 PM
Live
Closed
HAPS | RFLR | |
|---|---|---|
| Last price | $34.30 | $30.15 |
| 1D performance | +0.58% | +0.49% |
| AuM | $156.01 M | $74.93 M |
| E/R | 0.6% | 0.89% |
Characteristics
HAPS | RFLR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Harbor Capital | Innovator |
| Benchmark | Human Capital Factor Small Cap Index | - |
| N° of holdings | 182 | 743 |
| 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
89.02%
Other
10.98%
RFLR
USA
88.81%
Other
11.19%
Sectors
HAPS
Financials
17.19%
Health Care
15.56%
Information Techn.
14.69%
Industrials
12.11%
Consumer Discreti.
8.42%
Other
32.02%
RFLR
Financials
14.94%
Health Care
13.65%
Industrials
13.11%
Information Techn.
12.63%
Consumer Discreti.
9.27%
Other
36.4%
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Diversification
HAPS
Total weight of top 15 holdings out of 15
23.44%
RFLR
Total weight of top 15 holdings out of 15
4.68%
Top 15 holdings
Data as of March 31, 2026
HAPS
MAGNOLIA OIL AND GAS CORP
2.48%
PHILLIPS EDISON AND COMPANY
2.06%
KYMERA THERAPEUTICS
2.00%
RHYTHM PHARMACEUTICALS INC
1.86%
SENSIENT TECHNOLOGIES
1.54%
CHEMOURS CO
1.50%
AVNET
1.45%
TARSUS PHARMACEUTICALS
1.45%
RESIDEO TECHNOLOGIES
1.44%
TRAVEL PLUS LEISURE CO
1.32%
GATX
1.31%
APPLE HOSPITALITY REIT INC
1.28%
ARCHROCK
1.27%
PIPER SANDLER COMPANIES
1.25%
ULTRAGENYX PHARMA
1.23%
RFLR
SM ENERGY
0.47%
US92333F1012
0.36%
TERNS PHARMACEUTICALS
0.33%
PAR PACIFIC HOLDINGS INC
0.33%
SILICON LABS
0.32%
PBF ENERGY INC (ORDINARY)
0.32%
SPIRE INC
0.30%
PLANET LABS PBC
0.30%
CNX RESOURCES CORP
0.30%
VIAVI SOLUTIONS INC
0.29%
ENERSYS
0.28%
WORKIVA INC
0.27%
ROBERT HALF
0.27%
CELCUITY INC
0.27%
COMMVAULT SYSTEMS
0.27%
Frequently asked questions about HAPS and RFLR
How have the HAPS and RFLR ETFs performed in 2026?
As of April 24, 2026, HAPS is up 8.67% year-to-date (YTD), while RFLR has returned 5.53%. 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 -$241K in flows, compared to +$31M for RFLR.
Which ETF is more volatile: HAPS or RFLR?
Over the past year, HAPS had a volatility of 17.55%, while RFLR experienced 12.44%.
Which ETF is bigger: HAPS or RFLR?
As of April 24, 2026, HAPS holds $156.01 M in assets under management (AUM), while RFLR manages $74.93 M.
What sectors do the HAPS and RFLR ETFs invest in?
HAPS leans toward sectors like Financials, Health Care and Information Technology. Meanwhile, RFLR focuses on Financials, Health Care and Industrials.
What are the top holdings of the HAPS ETF and RFLR ETF?
HAPS top holdings include MAGNOLIA OIL AND GAS CORP, PHILLIPS EDISON AND COMPANY and KYMERA THERAPEUTICS. RFLR holds in its top three: SM ENERGY, US92333F1012 and TERNS PHARMACEUTICALS.
Which ETF is more diversified: HAPS or RFLR?
HAPS holds 183 securities with 23.44% of its assets in the top 15. RFLR has 833 securities and a top 15 weight of 4.68%.
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Latest news about HAPS & RFLR
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