HERD vs. HGER
HERD (Pacer Cash Cows Fund of Funds ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - HERD is a Global Equities fund tracking the Pacer Cash Cows Fund of Funds Index, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, HERD returned 14.59%/yr vs 18.61%/yr for HGER. Their 0.27 correlation means their historical movements had little consistent relationship. HERD charges 0.73%/yr vs 0.68%/yr for HGER.
Performance
HERD vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, HERD achieves a 14.97% return, which is significantly lower than HGER's 29.53% return.
HERD
- 1D
- -0.45%
- 1M
- 5.94%
- 6M
- 10.58%
- YTD
- 14.97%
- 1Y
- 28.32%
- 3Y*
- 14.59%
- 5Y*
- 10.62%
- 10Y*
- —
- ALL TIME*
- 12.92%
HGER
- 1D
- 0.00%
- 1M
- 8.95%
- 6M
- 20.19%
- YTD
- 29.53%
- 1Y
- 40.17%
- 3Y*
- 18.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $194.03K | $197.87K | $182.95K | |
| $46.51M | $66.72M | $45.77M |
HERD vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HERD Pacer Cash Cows Fund of Funds ETF | 14.97% | 19.07% | 2.91% | 20.72% | -8.42% |
HGER Harbor Commodity All-Weather Strategy ETF | 29.53% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between HERD and HGER is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.27 |
Over the past year, the correlation between HERD and HGER has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
HERD vs. HGER — Risk / Return Rank
HERD
HGER
HERD vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Cash Cows Fund of Funds ETF (HERD) 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.
| HERD | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.87 | +2.14 |
| Martin ratioReturn relative to average drawdown | 15.56 | 10.23 | +5.32 |
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Drawdowns
HERD vs. HGER - Drawdown Comparison
The maximum HERD drawdown since its inception was -39.41%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for HERD and HGER.
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Drawdown Indicators
| HERD | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.41% | -23.31% | -16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -14.04% | +8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -14.04% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.60% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -3.94% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -7.66% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 3.94% | -2.11% |
Volatility
HERD vs. HGER - Volatility Comparison
The current volatility for Pacer Cash Cows Fund of Funds ETF (HERD) is 3.60%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 5.64%. This indicates that HERD 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
| HERD | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 5.64% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 15.43% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 17.71% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 17.67% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 17.67% | +2.69% |
HERD vs. HGER - Expense Ratio Comparison
HERD has a 0.73% expense ratio, which is higher than HGER's 0.68% expense ratio.
Dividends
HERD vs. HGER - Dividend Comparison
HERD's dividend yield for the trailing twelve months is around 2.73%, less than HGER's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HERD Pacer Cash Cows Fund of Funds ETF | 2.73% | 3.75% | 2.43% | 2.54% | 2.50% | 2.02% | 1.95% | 1.69% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.47% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HERD 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.
HGER has higher volatility (5.64%) compared to HERD (3.60%). In terms of maximum drawdown, HERD dropped -39.41% vs HGER's -23.31%.
On 3-year performance, HGER leads with 18.61% vs 14.59% for HERD. On fees, HGER is cheaper at 0.68% per year. On volatility, HERD has been the lower-risk option at 3.60%. 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 18.61% return vs 14.59%. 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 0.73% for HERD.
HGER has the higher dividend yield at 5.47%, compared with 2.73% for HERD.
HERD is categorized as Global Equities, while HGER is Commodities. HERD tracks Pacer Cash Cows Fund of Funds Index, while HGER tracks Quantix Commodity Index - Benchmark TR Net. They also come from different issuers: Pacer and Harbor. Their fees differ too: 0.73% for HERD and 0.68% for HGER.
HERD currently has the higher Sharpe Ratio (2.42 vs 2.28), 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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