IWLvsHAPIETF Comparison
VS
ETF 2
HAPI
Harbor Human Capital Factor US Large Cap ETF
iShares Russell Top 200 ETF (IWL) belongs to the US Large Cap segment. Harbor Human Capital Factor US Large Cap ETF (HAPI) is part of the segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. IWL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.35% for HAPI. IWL is up 11.27% year-to-date (YTD) with -$16M in YTD flows. HAPI performs better with 11.61% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of IWL and HAPI 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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IWL vs HAPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWL HAPI | -1.44%-0.37% | +3.60%+4.12% | +11.27%+11.61% | +13.50%+13.55% | +90.19%+85.06% | +83.13%n/a |
| Flows | IWL HAPI | +$10M-$4K | -$10M-$4K | -$16M+$6M | +$77M+$7M | +$375M+$34M | +$418M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWL HAPI | +11.69%+10.54% | +13.38%+12.07% | +15.50%+14.92% | +17.44%n/a |
| Max drawdown | IWL HAPI | -2.96%-2.87% | -9.79%-7.57% | -19.22%-19.45% | -25.69%n/a |
| Max drawdown duration | IWL HAPI | 17d11d | 92d89d | 126d126d | 707dn/a |
Trading data
IWL | HAPI | |
Last sale 10/23/2026 at 1:30 PM | $188.52 | $45.77 |
| Previous close 10/22/2026 | $189.49 | $46.04 |
| 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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IWL | HAPI | |
|---|---|---|
| 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
IWL | HAPI | |
|---|---|---|
| Last price | $188.52 | $45.77 |
| 1D performance | -0.51% | -0.59% |
| AuM | $2.23 B | $498.78 M |
| E/R | 0.15% | 0.35% |
Characteristics
IWL | HAPI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Harbor Capital |
| Benchmark | Russell Top 200 Index | Human Capital Factor Large Cap Index |
| N° of holdings | 201 | 199 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2009 | October 12, 2022 |
| ESG | No | Yes |
Exposure
Countries
IWL
USA
97.96%
Other
2.04%
HAPI
USA
97.04%
Other
2.96%
Sectors
IWL
Technology
49.42%
Finance
12.5%
Consumer Non-Cycl.
9.3%
Healthcare
8.73%
Other
20.05%
HAPI
Technology
46.95%
Finance
12.22%
Consumer Non-Cycl.
11.71%
Healthcare
8.37%
Industrials
7.97%
Other
12.78%
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Diversification
IWL
Total weight of top 15 holdings out of 15
50.75%
HAPI
Total weight of top 15 holdings out of 15
51.81%
Top 15 holdings
Data as of August 31, 2026
IWL
NVIDIA Corp.
9.02%
Apple, Inc.
8.02%
Microsoft Corp.
6.60%
Amazon.com, Inc.
4.41%
Alphabet, Inc.
3.46%
Broadcom Inc.
3.02%
Alphabet, Inc.
2.79%
Meta Platforms, Inc.
2.20%
Micron Technology, Inc.
1.89%
Tesla, Inc.
1.88%
JPMorgan Chase & Co.
1.67%
Berkshire Hathaway, Inc.
1.64%
Eli Lilly & Co.
1.62%
Advanced Micro Devices, Inc.
1.34%
ExxonMobil Holdings Corp.
1.17%
HAPI
Apple, Inc.
5.84%
Amazon.com, Inc.
5.73%
Microsoft Corp.
5.50%
NVIDIA Corp.
5.48%
Alphabet, Inc.
5.11%
Meta Platforms, Inc.
5.11%
JPMorgan Chase & Co.
3.13%
Cisco Systems, Inc.
3.04%
Eli Lilly & Co.
2.37%
Netflix, Inc.
2.24%
Chevron Corp.
1.99%
Salesforce, Inc.
1.66%
KLA Corp.
1.60%
Mastercard, Inc.
1.52%
Marvell Technology, Inc.
1.50%
Frequently asked questions about IWL and HAPI
How have the IWL and HAPI ETFs performed in 2026?
As of October 23, 2026, IWL is up 11.27% year-to-date (YTD), while HAPI has returned 11.61%. That puts HAPI better performer ahead so far this year.
Which ETF is attracting more investor money: IWL or HAPI?
Year-to-date, the IWL ETF saw -$16M in flows, compared to +$6M for HAPI.
Which ETF is more volatile: IWL or HAPI?
Over the past year, IWL had a volatility of 13.38%, while HAPI experienced 12.07%.
Which ETF is bigger: IWL or HAPI?
As of October 23, 2026, IWL holds $2.23 B in assets under management (AUM), while HAPI manages $498.78 M.
What sectors do the IWL and HAPI ETFs invest in?
IWL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HAPI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the IWL ETF and HAPI ETF?
IWL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. HAPI holds in its top three: Apple, Inc., Amazon.com, Inc. and Microsoft Corp..
Which ETF is more diversified: IWL or HAPI?
IWL holds 202 securities with 50.75% of its assets in the top 15. HAPI has 199 securities and a top 15 weight of 51.81%.
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Latest news about IWL & HAPI
First Trust Launches the First Trust Emerging Markets Human Flourishing ETF
November 29, 2023
HAPI
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