CMCI vs. HGER
Compare and contrast key facts about VanEck CMCI Commodity Strategy ETF (CMCI) and Harbor Commodity All-Weather Strategy ETF (HGER).
CMCI and HGER are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMCI is a passively managed fund by VanEck that tracks the performance of the UBS Bloomberg CMCI Composite Total Return Index. It was launched on Aug 21, 2023. HGER is a passively managed fund by Harbor that tracks the performance of the Quantix Commodity Index - Benchmark TR Net. It was launched on Feb 9, 2022. Both CMCI and HGER are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CMCI vs. HGER - Performance Comparison
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CMCI vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMCI VanEck CMCI Commodity Strategy ETF | 16.28% | 7.90% | 5.68% | -2.87% |
HGER Harbor Commodity All-Weather Strategy ETF | 25.99% | 20.08% | 9.25% | -0.63% |
Returns By Period
In the year-to-date period, CMCI achieves a 16.28% return, which is significantly lower than HGER's 25.99% return.
CMCI
- 1D
- 0.25%
- 1M
- 6.95%
- YTD
- 16.28%
- 6M
- 19.48%
- 1Y
- 18.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HGER
- 1D
- 0.61%
- 1M
- 8.35%
- YTD
- 25.99%
- 6M
- 29.30%
- 1Y
- 37.95%
- 3Y*
- 18.20%
- 5Y*
- —
- 10Y*
- —
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CMCI vs. HGER - Expense Ratio Comparison
CMCI has a 0.65% expense ratio, which is lower than HGER's 0.68% expense ratio.
Return for Risk
CMCI vs. HGER — Risk / Return Rank
CMCI
HGER
CMCI vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CMCI Commodity Strategy ETF (CMCI) 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.
| CMCI | HGER | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 2.11 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.78 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 4.39 | -2.36 |
Martin ratioReturn relative to average drawdown | 6.93 | 15.54 | -8.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMCI | HGER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 2.11 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.91 | -0.09 |
Correlation
The correlation between CMCI and HGER is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CMCI vs. HGER - Dividend Comparison
CMCI's dividend yield for the trailing twelve months is around 8.50%, more than HGER's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CMCI VanEck CMCI Commodity Strategy ETF | 8.50% | 9.89% | 3.93% | 1.64% | 0.00% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.62% | 7.09% | 3.28% | 7.24% | 0.64% |
Drawdowns
CMCI vs. HGER - Drawdown Comparison
The maximum CMCI drawdown since its inception was -11.54%, smaller than the maximum HGER drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for CMCI and HGER.
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Drawdown Indicators
| CMCI | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.54% | -23.31% | +11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -8.09% | +1.17% |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -7.90% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.50% | +0.31% |
Volatility
CMCI vs. HGER - Volatility Comparison
The current volatility for VanEck CMCI Commodity Strategy ETF (CMCI) is 4.79%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 7.22%. This indicates that CMCI 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
| CMCI | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 7.22% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 14.60% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 18.07% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 17.77% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.61% | 17.77% | -5.16% |