DCMSX vs. HGER

Last updated Apr 1, 2026

Compare and contrast key facts about DFA Commodity Strategy Portfolio (DCMSX) and Harbor Commodity All-Weather Strategy ETF (HGER).

DCMSX is managed by Dimensional. It was launched on Nov 8, 2010. 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.

Performance

DCMSX vs. HGER - Performance Comparison

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

DCMSX vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DCMSX DFA Commodity Strategy Portfolio	25.97%	15.15%	5.90%	-9.14%	2.08%
HGER Harbor Commodity All-Weather Strategy ETF	24.94%	20.08%	9.25%	1.93%	9.77%

Returns By Period

The year-to-date returns for both stocks are quite close, with DCMSX having a 25.97% return and HGER slightly lower at 24.94%.

DCMSX

• 1D: 0.47%
• 1M: 9.69%
• YTD: 25.97%
• 6M: 32.29%
• 1Y: 33.46%
• 3Y*: 13.72%
• 5Y*: 14.21%
• 10Y*: 8.45%

HGER

• 1D: 0.16%
• 1M: 9.58%
• YTD: 24.94%
• 6M: 28.72%
• 1Y: 38.09%
• 3Y*: 18.44%
• 5Y*: —
• 10Y*: —

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

DCMSX vs. HGER - Expense Ratio Comparison

DCMSX has a 0.31% expense ratio, which is lower than HGER's 0.68% expense ratio.

HGER

Harbor Commodity All-Weather Strategy ETF

DCMSX

DFA Commodity Strategy Portfolio

Return for Risk

DCMSX vs. HGER — Risk / Return Rank

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

DCMSX

DCMSX Risk / Return Rank: 92
DCMSX Sharpe Ratio Rank: 94
DCMSX Sortino Ratio Rank: 92
DCMSX Omega Ratio Rank: 89
DCMSX Calmar Ratio Rank: 97
DCMSX Martin Ratio Rank: 91

HGER

HGER Risk / Return Rank: 94
HGER Sharpe Ratio Rank: 93
HGER Sortino Ratio Rank: 93
HGER Omega Ratio Rank: 92
HGER Calmar Ratio Rank: 96
HGER Martin Ratio Rank: 96

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.

DCMSX vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Commodity Strategy Portfolio (DCMSX) 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.

	DCMSX	HGER	Difference
Sharpe ratio Return per unit of total volatility	2.10	2.12	-0.01
Sortino ratio Return per unit of downside risk	2.71	2.79	-0.08
Omega ratio Gain probability vs. loss probability	1.39	1.39	-0.01
Calmar ratio Return relative to maximum drawdown	3.77	4.51	-0.74
Martin ratio Return relative to average drawdown	10.61	15.96	-5.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCMSX vs. HGER - Sharpe Ratio Comparison

The current DCMSX Sharpe Ratio is 2.10, which is comparable to the HGER Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of DCMSX and HGER, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DCMSX	HGER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.12	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.89	-0.80

Correlation

The correlation between DCMSX and HGER is 0.78, 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

DCMSX vs. HGER - Dividend Comparison

DCMSX's dividend yield for the trailing twelve months is around 8.36%, more than HGER's 5.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCMSX DFA Commodity Strategy Portfolio	8.36%	10.75%	2.83%	2.52%	7.46%	49.44%	0.37%	1.51%	1.63%	3.09%	0.47%	0.15%
HGER Harbor Commodity All-Weather Strategy ETF	5.67%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DCMSX vs. HGER - Drawdown Comparison

The maximum DCMSX drawdown since its inception was -60.94%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for DCMSX and HGER.

Drawdown Indicators

	DCMSX	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-60.94%	-23.31%	-37.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.24%	-8.84%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.52%	—	—
Current Drawdown Current decline from peak	-0.21%	-0.61%	+0.40%
Average Drawdown Average peak-to-trough decline	-32.13%	-7.91%	-24.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.50%	+0.78%

Volatility

DCMSX vs. HGER - Volatility Comparison

The current volatility for DFA Commodity Strategy Portfolio (DCMSX) is 6.55%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 7.42%. This indicates that DCMSX 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.

Volatility by Period

	DCMSX	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	7.42%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	13.13%	14.60%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	18.10%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	17.79%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.44%	17.79%	-3.35%