Five HAPI Stars from Morningstar!
- K Daniel
- Oct 19
- 1 min read
Morningstar awarded a 5-star rating to the Harbor Human Capital Factor US Large Cap ETF (HAPI), which is underpinned by Irrational Capital’s Human Capital Factor®.
This top rating is powerful validation of our investment philosophy, the simple idea that:
Human Performance Drives Market Performance.
A 5-star rating is awarded to the top 10% of funds in a given category based on historical risk-adjusted returns, placing HAPI among the top performers in the Large Blend category.
Morningstar ratings are intended to help investors easily identify funds which may be of interest and are calculated separately for trailing three, five, and ten year periods. For HAPI this is the first rating following the fund’s recent three year anniversary.
This placement in the Large Blend category's elite indicates that Human Capital Factor® has successfully generated superior historical returns while effectively managing risk.


