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  • Irrational Capital

ETF HAPI Is Outperforming the S&P 500 (

Lucy Brewster, reports that Harbor Capital Advisors, Inc. US Large Cap ETF (ticker: HAPI), based on Irrational Capital 's Human Capital Factor, rose 12.3% in the first quarter of 2024, beating the S&P 500’s 11% gains. HAPI's 30% increase in 2023 also surpassed the index, which rose 26%.

“We don’t use any financial information, so there are no P/E ratios, no earnings per share metrics—this is purely the perception of employees, and we’ve codified it into the human capital factor,” said Irrational Capital founder David van Adelsberg in an interview with

Read more about the #HumanCapitalFactor and ETF (HAPI), which has been quietly beating the S&P 500 for the past 16 months, at:

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