EPMB vs. HGER

Last updated Jun 25, 2026

EPMB (Harbor Mid Cap Core ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - EPMB is a Mid Cap Blend Equities fund actively managed by Harbor, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. EPMB is actively managed, while HGER is passively managed. Over the past year, EPMB returned 26.79% vs 26.85% for HGER. At a correlation of -0.06, they often move in opposite directions. EPMB charges 0.88%/yr vs 0.68%/yr for HGER.

Performance

EPMB vs. HGER - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with EPMB having a 15.61% return and HGER slightly higher at 15.91%.

EPMB

• 1D: 0.61%
• 1M: 2.93%
• YTD: 15.61%
• 6M: 14.03%
• 1Y: 26.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HGER

• 1D: -2.21%
• 1M: -10.49%
• YTD: 15.91%
• 6M: 13.76%
• 1Y: 26.85%
• 3Y*: 17.05%
• 5Y*: —
• 10Y*: —

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

EPMB vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025
EPMB Harbor Mid Cap Core ETF	15.61%	15.95%
HGER Harbor Commodity All-Weather Strategy ETF	15.91%	13.93%

Correlation

The correlation between EPMB and HGER is 0.01, 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	0.01
Correlation (All Time) Calculated using the full available price history since May 2, 2025	-0.06

Return for Risk

EPMB vs. HGER — Risk / Return Rank

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

EPMB

EPMB Risk / Return Rank: 67
EPMB Sharpe Ratio Rank: 65
EPMB Sortino Ratio Rank: 70
EPMB Omega Ratio Rank: 61
EPMB Calmar Ratio Rank: 69
EPMB Martin Ratio Rank: 71

HGER

HGER Risk / Return Rank: 50
HGER Sharpe Ratio Rank: 52
HGER Sortino Ratio Rank: 49
HGER Omega Ratio Rank: 52
HGER Calmar Ratio Rank: 42
HGER Martin Ratio Rank: 55

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.

EPMB vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Core ETF (EPMB) 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.

	EPMB	HGER	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.60	+0.25
Sortino ratio: Return per unit of downside risk	2.73	2.18	+0.55
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.03
Calmar ratio: Return relative to maximum drawdown	3.01	1.92	+1.09
Martin ratio: Return relative to average drawdown	11.44	8.68	+2.76

EPMB vs. HGER - Sharpe Ratio Comparison

The current EPMB Sharpe Ratio is 1.85, which is comparable to the HGER Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of EPMB 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

EPMB vs. HGER - Drawdown Comparison

The maximum EPMB drawdown since its inception was -8.95%, smaller than the maximum HGER drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for EPMB and HGER.

Drawdown Indicators

	EPMB	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-8.95%	-23.31%	+14.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-14.04%	+5.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.04%	—
Current Drawdown Current decline from peak	-0.66%	-14.04%	+13.38%
Average Drawdown Average peak-to-trough decline	-1.46%	-7.68%	+6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	3.10%	-0.75%

Volatility

EPMB vs. HGER - Volatility Comparison

Harbor Mid Cap Core ETF (EPMB) has a higher volatility of 4.35% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 4.01%. This indicates that EPMB'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

	EPMB	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.01%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	15.08%	-4.11%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	16.99%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	17.61%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	17.61%	-2.82%

EPMB vs. HGER - Expense Ratio Comparison

EPMB has a 0.88% expense ratio, which is higher than HGER's 0.68% expense ratio.

Dividends

EPMB vs. HGER - Dividend Comparison

EPMB's dividend yield for the trailing twelve months is around 1.55%, less than HGER's 6.11% yield.

Position	TTM	2025	2024	2023	2022
EPMB Harbor Mid Cap Core ETF	1.55%	1.79%	0.00%	0.00%	0.00%
HGER Harbor Commodity All-Weather Strategy ETF	6.11%	7.09%	3.28%	7.24%	0.64%

Frequently Asked Questions

Can I hold both EPMB and HGER in my portfolio?

EPMB and HGER have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPMB or HGER?

EPMB has higher volatility (4.35%) compared to HGER (4.01%). In terms of maximum drawdown, EPMB dropped -8.95% vs HGER's -23.31%.

Which ETF is better, EPMB or HGER?

On 1-year performance, HGER leads with 26.85% vs 26.79% for EPMB. On fees, HGER is cheaper at 0.68% per year. On volatility, HGER has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPMB or HGER?

Over the 1-year period, HGER has performed better with a 26.85% return vs 26.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPMB or HGER?

HGER is cheaper with a 0.68% expense ratio, compared with 0.88% for EPMB.

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

HGER has the higher dividend yield at 6.11%, compared with 1.55% for EPMB.

What is the main difference between EPMB and HGER?

EPMB is categorized as Mid Cap Blend Equities, while HGER is Commodities. Their fees differ too: 0.88% for EPMB and 0.68% for HGER.

Which has better risk-adjusted returns?

EPMB currently has the higher Sharpe Ratio (1.85 vs 1.60), 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.