CMDB vs. HGER

Last updated Jun 3, 2026

CMDB (Costamare Bulkers Holdings Ltd) 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 year, CMDB returned 79.61% vs 41.90% for HGER. At a 0.09 correlation, their price movements are largely independent.

Performance

CMDB vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Costamare Bulkers Holdings Ltd (CMDB) and Harbor Commodity All-Weather Strategy ETF (HGER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMDB achieves a 7.46% return, which is significantly lower than HGER's 28.12% return.

CMDB

• 1D: -0.48%
• 1M: -2.07%
• YTD: 7.46%
• 6M: 1.16%
• 1Y: 79.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HGER

• 1D: -0.28%
• 1M: -2.72%
• YTD: 28.12%
• 6M: 27.93%
• 1Y: 41.90%
• 3Y*: 21.26%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMDB vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025
CMDB Costamare Bulkers Holdings Ltd	7.46%	31.48%
HGER Harbor Commodity All-Weather Strategy ETF	28.12%	12.63%

Correlation

The correlation between CMDB and HGER is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.09

Return for Risk

CMDB vs. HGER — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMDB

CMDB Risk / Return Rank: 82
CMDB Sharpe Ratio Rank: 84
CMDB Sortino Ratio Rank: 82
CMDB Omega Ratio Rank: 78
CMDB Calmar Ratio Rank: 83
CMDB Martin Ratio Rank: 81

HGER

HGER Risk / Return Rank: 78
HGER Sharpe Ratio Rank: 75
HGER Sortino Ratio Rank: 69
HGER Omega Ratio Rank: 76
HGER Calmar Ratio Rank: 88
HGER Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMDB vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Costamare Bulkers Holdings Ltd (CMDB) 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.

	CMDB	HGER	Difference
Sharpe ratio Return per unit of total volatility	1.75	2.50	-0.75
Sortino ratio Return per unit of downside risk	2.47	3.23	-0.76
Omega ratio Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio Return relative to maximum drawdown	3.17	5.20	-2.04
Martin ratio Return relative to average drawdown	7.30	17.52	-10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMDB vs. HGER - Sharpe Ratio Comparison

The current CMDB Sharpe Ratio is 1.75, which is lower than the HGER Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of CMDB and HGER, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMDB	HGER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.50	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.90	-0.09

Drawdowns

CMDB vs. HGER - Drawdown Comparison

The maximum CMDB drawdown since its inception was -26.28%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for CMDB and HGER.

Drawdown Indicators

	CMDB	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-26.28%	-23.31%	-2.97%
Max Drawdown (1Y) Largest decline over 1 year	-24.27%	-8.09%	-16.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.84%	—
Current Drawdown Current decline from peak	-16.62%	-4.99%	-11.63%
Average Drawdown Average peak-to-trough decline	-11.90%	-7.66%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.54%	2.40%	+8.14%

Volatility

CMDB vs. HGER - Volatility Comparison

Costamare Bulkers Holdings Ltd (CMDB) has a higher volatility of 12.31% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 4.02%. This indicates that CMDB's price experiences larger fluctuations and is considered to be riskier than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMDB	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.31%	4.02%	+8.29%
Volatility (6M) Calculated over the trailing 6-month period	28.11%	14.54%	+13.57%
Volatility (1Y) Calculated over the trailing 1-year period	45.87%	16.87%	+29.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.68%	17.62%	+30.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.68%	17.62%	+30.06%

Dividends

CMDB vs. HGER - Dividend Comparison

CMDB has not paid dividends to shareholders, while HGER's dividend yield for the trailing twelve months is around 5.53%.

Position	TTM	2025	2024	2023	2022
CMDB Costamare Bulkers Holdings Ltd	0.00%	0.00%	0.00%	0.00%	0.00%
HGER Harbor Commodity All-Weather Strategy ETF	5.53%	7.09%	3.28%	7.24%	0.64%

Frequently Asked Questions

Can I hold both CMDB and HGER in my portfolio?

CMDB and HGER have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMDB or HGER?

CMDB has higher volatility (12.31%) compared to HGER (4.02%). In terms of maximum drawdown, CMDB dropped -26.28% vs HGER's -23.31%.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.50 vs 1.75), 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.