FTGC vs. HGER
FTGC (First Trust Global Tactical Commodity Strategy Fund) and HGER (Harbor Commodity All-Weather Strategy ETF) are both Commodities funds. FTGC is actively managed, while HGER is passively managed. Over the past 3 years, FTGC returned 18.13%/yr vs 21.26%/yr for HGER. Their correlation of 0.87 suggests significant overlap in exposure. FTGC charges 0.95%/yr vs 0.68%/yr for HGER.
Performance
FTGC vs. HGER - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FTGC having a 27.15% return and HGER slightly higher at 28.12%.
FTGC
- 1D
- -0.44%
- 1M
- -2.63%
- YTD
- 27.15%
- 6M
- 26.06%
- 1Y
- 41.32%
- 3Y*
- 18.13%
- 5Y*
- 13.08%
- 10Y*
- 7.77%
HGER
- 1D
- -0.28%
- 1M
- -2.72%
- YTD
- 28.12%
- 6M
- 27.93%
- 1Y
- 41.90%
- 3Y*
- 21.26%
- 5Y*
- —
- 10Y*
- —
FTGC vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.15% | 14.61% | 9.96% | -5.36% | 6.76% |
HGER Harbor Commodity All-Weather Strategy ETF | 28.12% | 20.08% | 9.25% | 1.93% | 9.77% |
Correlation
The correlation between FTGC and HGER is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.87 |
The correlation between FTGC and HGER has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
FTGC vs. HGER — Risk / Return Rank
FTGC
HGER
FTGC vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.
| FTGC | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | 5.20 | +0.05 |
| Martin ratioReturn relative to average drawdown | 17.39 | 17.52 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTGC | HGER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 2.50 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.90 | -0.66 |
Drawdowns
FTGC vs. HGER - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for FTGC and HGER.
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Drawdown Indicators
| FTGC | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -23.31% | -36.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -8.09% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -10.39% | -8.84% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -4.99% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -27.42% | -7.66% | -19.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.40% | -0.02% |
Volatility
FTGC vs. HGER - Volatility Comparison
First Trust Global Tactical Commodity Strategy Fund (FTGC) has a higher volatility of 4.50% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 4.02%. This indicates that FTGC'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.
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Volatility by Period
| FTGC | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.02% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 14.54% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 16.87% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 17.62% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 17.62% | -2.91% |
FTGC vs. HGER - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than HGER's 0.68% expense ratio.
Dividends
FTGC vs. HGER - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.08%, more than HGER's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.08% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.53% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTGC and HGER have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.50%) compared to HGER (4.02%). In terms of maximum drawdown, FTGC dropped -59.47% vs HGER's -23.31%.
On 3-year performance, HGER leads with 21.26% vs 18.13% for FTGC. On fees, HGER is cheaper at 0.68% per year. On volatility, HGER has been the lower-risk option at 4.02%. 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 21.26% return vs 18.13%. 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 0.95% for FTGC.
FTGC has the higher dividend yield at 15.08%, compared with 5.53% for HGER.
They also come from different issuers: First Trust and Harbor. Their fees differ too: 0.95% for FTGC and 0.68% for HGER.
FTGC currently has the higher Sharpe Ratio (2.66 vs 2.50), 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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