EPI vs. HGER
EPI (WisdomTree India Earnings Fund) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - EPI is a India Equities fund tracking the WisdomTree India Earnings Index, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, EPI returned 5.70%/yr vs 19.08%/yr for HGER. At a 0.10 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.68%/yr for HGER.
Performance
EPI vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, EPI achieves a -8.90% return, which is significantly lower than HGER's 28.53% return.
EPI
- 1D
- -0.35%
- 1M
- -1.98%
- 6M
- -7.05%
- YTD
- -8.90%
- 1Y
- -9.35%
- 3Y*
- 5.70%
- 5Y*
- 5.95%
- 10Y*
- 8.57%
- ALL TIME*
- 3.81%
HGER
- 1D
- 0.06%
- 1M
- 6.65%
- 6M
- 24.03%
- YTD
- 28.53%
- 1Y
- 37.92%
- 3Y*
- 19.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.35%
EPI vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -8.90% | 2.25% | 10.70% | 26.03% | -6.59% |
HGER Harbor Commodity All-Weather Strategy ETF | 28.53% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between EPI and HGER is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.10 |
The correlation between EPI and HGER shifts across timeframes, from -0.12 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EPI vs. HGER — Risk / Return Rank
EPI
HGER
EPI vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) 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.
| EPI | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.39 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.71 | -3.31 |
| Martin ratioReturn relative to average drawdown | -1.41 | 9.68 | -11.09 |
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Drawdowns
EPI vs. HGER - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for EPI and HGER.
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Drawdown Indicators
| EPI | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -23.31% | -42.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.69% | -14.04% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -14.04% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | — | — |
Current DrawdownCurrent decline from peak | -16.80% | -4.69% | -12.11% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -7.69% | -10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 3.93% | +2.71% |
Volatility
EPI vs. HGER - Volatility Comparison
The current volatility for WisdomTree India Earnings Fund (EPI) is 3.67%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 6.11%. This indicates that EPI 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
| EPI | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 6.11% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 15.51% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 17.57% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 17.68% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 17.68% | +2.59% |
EPI vs. HGER - Expense Ratio Comparison
EPI has a 0.84% expense ratio, which is higher than HGER's 0.68% expense ratio.
Dividends
EPI vs. HGER - Dividend Comparison
EPI has not paid dividends to shareholders, while HGER's dividend yield for the trailing twelve months is around 5.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.51% | 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
EPI and HGER have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (6.11%) compared to EPI (3.67%). In terms of maximum drawdown, EPI dropped -66.21% vs HGER's -23.31%.
On 3-year performance, HGER leads with 19.08% vs 5.70% for EPI. On fees, HGER is cheaper at 0.68% per year. On volatility, EPI has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HGER has performed better with a 19.08% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HGER is cheaper with a 0.68% expense ratio, compared with 0.84% for EPI.
HGER has the higher dividend yield at 5.51%, compared with 0.00% for EPI.
EPI is categorized as India Equities, while HGER is Commodities. EPI tracks WisdomTree India Earnings Index, while HGER tracks Quantix Commodity Index - Benchmark TR Net. They also come from different issuers: WisdomTree and Harbor. Their fees differ too: 0.84% for EPI and 0.68% for HGER.
HGER currently has the higher Sharpe Ratio (2.17 vs -0.62), 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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