ARCC vs. HGER
ARCC (Ares Capital Corporation) is a stock, while HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Over the past 3 years, ARCC returned 9.63%/yr vs 19.44%/yr for HGER. At a 0.10 correlation, their price movements are largely independent.
Performance
ARCC vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, ARCC achieves a 0.04% return, which is significantly lower than HGER's 26.63% return.
ARCC
- 1D
- 1.53%
- 1M
- 3.17%
- 6M
- -3.58%
- YTD
- 0.04%
- 1Y
- -8.19%
- 3Y*
- 9.63%
- 5Y*
- 9.11%
- 10Y*
- 13.05%
HGER
- 1D
- -1.04%
- 1M
- 4.45%
- 6M
- 22.27%
- YTD
- 26.63%
- 1Y
- 36.77%
- 3Y*
- 19.44%
- 5Y*
- —
- 10Y*
- —
ARCC vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 0.04% | 1.07% | 19.78% | 20.03% | -8.71% |
HGER Harbor Commodity All-Weather Strategy ETF | 26.63% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between ARCC and HGER is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.10 |
The correlation between ARCC and HGER shifts across timeframes, from -0.10 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARCC vs. HGER — Risk / Return Rank
ARCC
HGER
ARCC vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and Harbor Commodity All-Weather Strategy ETF (HGER). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARCC | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.38 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.63 | -3.06 |
| Martin ratioReturn relative to average drawdown | -0.73 | 9.44 | -10.17 |
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Drawdowns
ARCC vs. HGER - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for ARCC and HGER.
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Drawdown Indicators
| ARCC | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -23.31% | -56.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -14.04% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -14.04% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | — | — |
Current DrawdownCurrent decline from peak | -8.94% | -6.10% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -7.70% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 3.90% | +7.42% |
Volatility
ARCC vs. HGER - Volatility Comparison
The current volatility for Ares Capital Corporation (ARCC) is 4.99%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 6.14%. This indicates that ARCC experiences smaller price fluctuations and is considered to be less risky than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCC | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 6.14% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 15.48% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 17.49% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 17.68% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.58% | 17.68% | +7.90% |
Dividends
ARCC vs. HGER - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 9.99%, more than HGER's 5.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 9.99% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.60% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARCC and HGER have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (6.14%) compared to ARCC (4.99%). In terms of maximum drawdown, ARCC dropped -79.36% vs HGER's -23.31%.
HGER currently has the higher Sharpe Ratio (2.11 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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