GCC vs. HGER

Last updated Jun 23, 2026

GCC (WisdomTree Enhanced Commodity Strategy Fund) and HGER (Harbor Commodity All-Weather Strategy ETF) are both Commodities funds. GCC is actively managed, while HGER is passively managed. Over the past 3 years, GCC returned 15.39%/yr vs 18.12%/yr for HGER. Their correlation of 0.85 suggests significant overlap in exposure. GCC charges 0.55%/yr vs 0.68%/yr for HGER.

Performance

GCC vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Enhanced Commodity Strategy Fund (GCC) 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, GCC achieves a 9.55% return, which is significantly lower than HGER's 19.14% return.

GCC

• 1D: -0.34%
• 1M: -8.49%
• YTD: 9.55%
• 6M: 9.43%
• 1Y: 22.24%
• 3Y*: 15.39%
• 5Y*: 10.56%
• 10Y*: 6.00%

HGER

• 1D: -1.14%
• 1M: -8.00%
• YTD: 19.14%
• 6M: 17.67%
• 1Y: 24.73%
• 3Y*: 18.12%
• 5Y*: —
• 10Y*: —

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

GCC vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GCC WisdomTree Enhanced Commodity Strategy Fund	9.55%	20.01%	15.13%	-3.72%	-1.36%
HGER Harbor Commodity All-Weather Strategy ETF	19.14%	20.08%	9.25%	1.93%	9.66%

Correlation

The correlation between GCC and HGER is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	0.85

The correlation between GCC and HGER has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

Return for Risk

GCC vs. HGER — Risk / Return Rank

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

GCC

GCC Risk / Return Rank: 37
GCC Sharpe Ratio Rank: 38
GCC Sortino Ratio Rank: 33
GCC Omega Ratio Rank: 38
GCC Calmar Ratio Rank: 36
GCC Martin Ratio Rank: 41

HGER

HGER Risk / Return Rank: 44
HGER Sharpe Ratio Rank: 43
HGER Sortino Ratio Rank: 40
HGER Omega Ratio Rank: 43
HGER Calmar Ratio Rank: 44
HGER Martin Ratio Rank: 51

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.

GCC vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity Strategy Fund (GCC) 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.

	GCC	HGER	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.46	-0.15
Sortino ratio: Return per unit of downside risk	1.70	2.00	-0.30
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.03
Calmar ratio: Return relative to maximum drawdown	1.78	2.13	-0.35
Martin ratio: Return relative to average drawdown	6.32	8.55	-2.23

GCC vs. HGER - Sharpe Ratio Comparison

The current GCC Sharpe Ratio is 1.31, which is comparable to the HGER Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of GCC 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

GCC vs. HGER - Drawdown Comparison

The maximum GCC drawdown since its inception was -63.19%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for GCC and HGER.

Drawdown Indicators

	GCC	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-63.19%	-23.31%	-39.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-11.65%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-12.53%	-11.65%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.67%	—	—
Current Drawdown Current decline from peak	-12.53%	-11.65%	-0.88%
Average Drawdown Average peak-to-trough decline	-34.84%	-7.67%	-27.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	3.16%	+0.38%

Volatility

GCC vs. HGER - Volatility Comparison

WisdomTree Enhanced Commodity Strategy Fund (GCC) has a higher volatility of 3.98% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 3.61%. This indicates that GCC'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

	GCC	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.61%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	14.89%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.08%	17.02%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	17.59%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	17.59%	-2.80%

GCC vs. HGER - Expense Ratio Comparison

GCC has a 0.55% expense ratio, which is lower than HGER's 0.68% expense ratio.

Dividends

GCC vs. HGER - Dividend Comparison

GCC's dividend yield for the trailing twelve months is around 6.06%, more than HGER's 5.95% yield.

Position	TTM	2025	2024	2023	2022	2021
GCC WisdomTree Enhanced Commodity Strategy Fund	6.06%	6.64%	3.51%	3.68%	22.49%	9.76%
HGER Harbor Commodity All-Weather Strategy ETF	5.95%	7.09%	3.28%	7.24%	0.64%	0.00%

Frequently Asked Questions

Can I hold both GCC and HGER in my portfolio?

GCC and HGER have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCC or HGER?

GCC has higher volatility (3.98%) compared to HGER (3.61%). In terms of maximum drawdown, GCC dropped -63.19% vs HGER's -23.31%.

Which ETF is better, GCC or HGER?

On 3-year performance, HGER leads with 18.12% vs 15.39% for GCC. On fees, GCC is cheaper at 0.55% per year. On volatility, HGER has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCC or HGER?

Over the 3-year period, HGER has performed better with a 18.12% return vs 15.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCC or HGER?

GCC is cheaper with a 0.55% expense ratio, compared with 0.68% for HGER.

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

GCC has the higher dividend yield at 6.06%, compared with 5.95% for HGER.

What is the main difference between GCC and HGER?

They also come from different issuers: WisdomTree and Harbor. Their fees differ too: 0.55% for GCC and 0.68% for HGER.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (1.46 vs 1.31), 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.