EPI vs. HGER

Last updated Jun 13, 2026

EPI (WisdomTree India Earnings Fund) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - EPI is a Asia Pacific 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 7.36%/yr vs 19.07%/yr for HGER. At a 0.11 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.68%/yr for HGER.

Performance

EPI vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Earnings Fund (EPI) 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, EPI achieves a -9.12% return, which is significantly lower than HGER's 21.56% return.

EPI

• 1D: 0.65%
• 1M: -0.33%
• YTD: -9.12%
• 6M: -6.55%
• 1Y: -10.30%
• 3Y*: 7.36%
• 5Y*: 5.53%
• 10Y*: 9.31%

HGER

• 1D: -0.46%
• 1M: -9.24%
• YTD: 21.56%
• 6M: 21.36%
• 1Y: 31.96%
• 3Y*: 19.07%
• 5Y*: —
• 10Y*: —

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

EPI vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EPI WisdomTree India Earnings Fund	-9.12%	2.25%	10.70%	26.03%	-6.59%
HGER Harbor Commodity All-Weather Strategy ETF	21.56%	20.08%	9.25%	1.93%	9.66%

Correlation

The correlation between EPI and HGER is -0.16, 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	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	0.11

The correlation between EPI and HGER shifts across timeframes, from -0.16 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

EPI vs. HGER - Sectors Allocation Comparison

Sectors	EPI	HGER
Financial Services	23.4%	-
Energy	17.3%	-
Basic Materials	13.5%	103.6%
Industrials	9.7%	-
Utilities	8.4%	-
Technology	8.3%	-
Consumer Cyclical	7.5%	-
Healthcare	5.5%	-
Consumer Defensive	3.5%	-
Communication Services	2.0%	-
Real Estate	0.9%	-

Return for Risk

EPI vs. HGER — Risk / Return Rank

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

EPI

EPI Risk / Return Rank: 4
EPI Sharpe Ratio Rank: 4
EPI Sortino Ratio Rank: 4
EPI Omega Ratio Rank: 4
EPI Calmar Ratio Rank: 5
EPI Martin Ratio Rank: 2

HGER

HGER Risk / Return Rank: 68
HGER Sharpe Ratio Rank: 66
HGER Sortino Ratio Rank: 62
HGER Omega Ratio Rank: 67
HGER Calmar Ratio Rank: 73
HGER Martin Ratio Rank: 71

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.

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 ratio: Return per unit of total volatility	-0.69	1.88	-2.56
Sortino ratio: Return per unit of downside risk	-0.90	2.51	-3.41
Omega ratio: Gain probability vs. loss probability	0.90	1.35	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.61	3.26	-3.87
Martin ratio: Return relative to average drawdown	-1.44	11.51	-12.95

EPI vs. HGER - Sharpe Ratio Comparison

The current EPI Sharpe Ratio is -0.69, which is lower than the HGER Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of EPI 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.

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.

Drawdown Indicators

	EPI	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-66.21%	-23.31%	-42.90%
Max Drawdown (1Y) Largest decline over 1 year	-16.88%	-9.86%	-7.02%
Max Drawdown (3Y) Largest decline over 3 years	-21.89%	-9.86%	-12.03%
Max Drawdown (5Y) Largest decline over 5 years	-21.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.29%	—	—
Current Drawdown Current decline from peak	-17.00%	-9.86%	-7.14%
Average Drawdown Average peak-to-trough decline	-18.65%	-7.65%	-11.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	2.78%	+4.39%

Volatility

EPI vs. HGER - Volatility Comparison

WisdomTree India Earnings Fund (EPI) has a higher volatility of 4.09% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 3.70%. This indicates that EPI'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

	EPI	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	3.70%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	14.85%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	17.10%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	17.62%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.35%	17.62%	+2.73%

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 5.83%.

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	5.83%	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

Can I hold both EPI and HGER in my portfolio?

EPI and HGER have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPI or HGER?

EPI has higher volatility (4.09%) compared to HGER (3.70%). In terms of maximum drawdown, EPI dropped -66.21% vs HGER's -23.31%.

Which ETF is better, EPI or HGER?

On 3-year performance, HGER leads with 19.07% vs 7.36% for EPI. On fees, HGER is cheaper at 0.68% per year. On volatility, HGER has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPI or HGER?

Over the 3-year period, HGER has performed better with a 19.07% return vs 7.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPI or HGER?

HGER is cheaper with a 0.68% expense ratio, compared with 0.84% for EPI.

Which ETF pays a higher dividend yield, EPI or HGER?

HGER has the higher dividend yield at 5.83%, compared with 0.00% for EPI.

What is the main difference between EPI and HGER?

EPI is categorized as Asia Pacific 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.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (1.88 vs -0.69), 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.