IVSSvsHAPSETF Comparison
VS
ETF 2
HAPS
Harbor Human Capital Factor US Small Cap ETF
Applied Finance IVS US SMID ETF (IVSS) belongs to the US Multi-Factor segment. Harbor Human Capital Factor US Small Cap ETF (HAPS) is part of the segment. IVSS's top 3 sector exposures are Information Technology, Industrials and Financials. In contrast, HAPS's top sector exposures are Financials, Health Care and Information Technology. IVSS is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.6% for HAPS. IVSS is up 9.98% year-to-date (YTD) with +$16M in YTD flows. HAPS performs worse with 8.48% YTD performance, and -$241K in YTD flows. Run a side-by-side ETF comparison of IVSS and HAPS 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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IVSS vs HAPS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVSS HAPS | +8.96%+12.31% | +3.28%+5.09% | +9.98%+8.48% | n/a+31.30% | n/a+40.51% | n/an/a |
| Flows | IVSS HAPS | +$6M+$52K | +$10M-$241K | +$16M-$241K | -+$1M | -+$29M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVSS HAPS | +16.83%+18.68% | n/a+17.58% | n/a+21.08% | n/an/a |
| Max drawdown | IVSS HAPS | -8.25%-9.59% | n/a-10.02% | n/a-27.24% | n/an/a |
| Max drawdown duration | IVSS HAPS | 53d64d | n/a83d | n/a393d | n/an/a |
Trading data
IVSS | HAPS | |
Last sale 5/1/2026 at 1:30 PM | $28.02 | $34.57 |
| Previous close 04/29/2026 | $27.96 | $34.44 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 29, 2026
1-year trailing difference
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IVSS
is actively managed and doesn’t replicate an indexIVSS | HAPS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
IVSS | HAPS | |
|---|---|---|
| Last price | $28.02 | $34.57 |
| 1D performance | +0.21% | +0.36% |
| AuM | $22.86 M | $155.73 M |
| E/R | 0.59% | 0.6% |
Characteristics
IVSS | HAPS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Applied Finance | Harbor Capital |
| Benchmark | - | Human Capital Factor Small Cap Index |
| N° of holdings | 317 | 182 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2025 | April 12, 2023 |
| ESG | No | Yes |
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Exposure
Countries
IVSS
USA
73.22%
Other
26.78%
HAPS
USA
89.02%
Other
10.98%
Sectors
IVSS
Information Techn.
13.97%
Industrials
11.71%
Financials
11.56%
Consumer Discreti.
11.29%
Health Care
10.74%
Energy
10.62%
Other
30.11%
HAPS
Financials
17.19%
Health Care
15.56%
Information Techn.
14.69%
Industrials
12.11%
Consumer Discreti.
8.42%
Other
32.02%
Diversification
IVSS
Total weight of top 15 holdings out of 15
19.76%
HAPS
Total weight of top 15 holdings out of 15
23.44%
Top 15 holdings
Data as of March 31, 2026
IVSS
RYMAN HOSPITALITY PROPERTIES
2.08%
ENSIGN GROUP
1.96%
INTERDIGITAL
1.54%
SOUTHWEST GAS
1.51%
FABRINET
1.45%
OPTION CARE HEALTH INC
1.32%
LANTHEUS HOLDINGS
1.30%
MAXIMUS
1.17%
VALARIS LTD
1.16%
JACKSON FINANCIAL INC
1.16%
PJT PARTNERS
1.14%
LIBERTY OILFIELD SERVICES
1.03%
STRIDE INC
0.99%
INTERNATIONAL SEAWAYS
0.98%
PRESTIGE CONSUMER HEALTHCARE
0.97%
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%
Frequently asked questions about IVSS and HAPS
How have the IVSS and HAPS ETFs performed in 2026?
As of April 29, 2026, IVSS is up 9.98% year-to-date (YTD), while HAPS has returned 8.48%. That puts IVSS better performer ahead so far this year.
Which ETF is attracting more investor money: IVSS or HAPS?
Year-to-date, the IVSS ETF saw +$16M in flows, compared to -$241K for HAPS.
Which ETF is bigger: IVSS or HAPS?
As of April 29, 2026, IVSS holds $22.86 M in assets under management (AUM), while HAPS manages $155.73 M.
What sectors do the IVSS and HAPS ETFs invest in?
IVSS leans toward sectors like Information Technology, Industrials and Financials. Meanwhile, HAPS focuses on Financials, Health Care and Information Technology.
What are the top holdings of the IVSS ETF and HAPS ETF?
IVSS top holdings include RYMAN HOSPITALITY PROPERTIES, ENSIGN GROUP and INTERDIGITAL. HAPS holds in its top three: MAGNOLIA OIL AND GAS CORP, PHILLIPS EDISON AND COMPANY and KYMERA THERAPEUTICS.
Which ETF is more diversified: IVSS or HAPS?
IVSS holds 320 securities with 19.76% of its assets in the top 15. HAPS has 183 securities and a top 15 weight of 23.44%.
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Latest news about IVSS & HAPS
First Trust Launches the First Trust Emerging Markets Human Flourishing ETF
November 29, 2023
HAPS
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