HF vs. HOLD

Last updated Aug 6, 2026

HF (DGA Core Plus Absolute Return ETF) and HOLD (Harbor Alpha Layering ETF) are both Multistrategy funds. Both are actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. HF charges 1.70%/yr vs 0.70%/yr for HOLD.

Performance

HF vs. HOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DGA Core Plus Absolute Return ETF (HF) and Harbor Alpha Layering ETF (HOLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HF achieves a 7.65% return, which is significantly higher than HOLD's 4.94% return.

HF

• 1D: -0.10%
• 1M: 1.48%
• 6M: 6.10%
• YTD: 7.65%
• 1Y: 10.94%
• 3Y*: 9.37%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.13%

HOLD

• 1D: -1.17%
• 1M: -0.32%
• 6M: 3.42%
• YTD: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HF DGA Core Plus Absolute Return ETF	$12.05K	$11.61K	$16.89K
HOLD Harbor Alpha Layering ETF	$9.56K	$9.58K	$14.74K

HF vs. HOLD - Yearly Performance Comparison

	2026 (YTD)	2025
HF DGA Core Plus Absolute Return ETF	7.65%	2.29%
HOLD Harbor Alpha Layering ETF	4.94%	8.77%

Correlation

The correlation between HF and HOLD is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.58

Return for Risk

HF vs. HOLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HF

HF Risk / Return Rank: 78
HF Sharpe Ratio Rank: 72
HF Sortino Ratio Rank: 73
HF Omega Ratio Rank: 78
HF Calmar Ratio Rank: 83
HF Martin Ratio Rank: 81

HOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HF vs. HOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DGA Core Plus Absolute Return ETF (HF) and Harbor Alpha Layering ETF (HOLD). 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.

	HF	HOLD	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.68	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.49	—	—
Martin ratio: Return relative to average drawdown	12.02	—	—

Drawdowns

HF vs. HOLD - Drawdown Comparison

The maximum HF drawdown since its inception was -5.94%, smaller than the maximum HOLD drawdown of -9.47%. Use the drawdown chart below to compare losses from any high point for HF and HOLD.

Drawdown Indicators

	HF	HOLD	Difference
Max Drawdown Largest peak-to-trough decline	-5.94%	-9.47%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	—	—
Current Drawdown Current decline from peak	-0.10%	-7.99%	+7.89%
Average Drawdown Average peak-to-trough decline	-1.59%	-2.75%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	—	—

Volatility

Volatility by Period

	HF	HOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.83%	15.27%	-9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.41%	15.27%	-8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.41%	15.27%	-8.86%

HF vs. HOLD - Expense Ratio Comparison

HF has a 1.70% expense ratio, which is higher than HOLD's 0.70% expense ratio.

Dividends

HF vs. HOLD - Dividend Comparison

HF's dividend yield for the trailing twelve months is around 0.87%, less than HOLD's 6.97% yield.

Position	TTM	2025	2024	2023
HF DGA Core Plus Absolute Return ETF	0.87%	0.94%	11.18%	2.49%
HOLD Harbor Alpha Layering ETF	6.97%	7.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HF and HOLD in my portfolio?

HF and HOLD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HF or HOLD?

On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HF or HOLD?

HOLD is cheaper with a 0.70% expense ratio, compared with 1.70% for HF.

Which ETF pays a higher dividend yield, HF or HOLD?

HOLD has the higher dividend yield at 6.97%, compared with 0.87% for HF.

What is the main difference between HF and HOLD?

They also come from different issuers: DGA and Harbor. Their fees differ too: 1.70% for HF and 0.70% for HOLD.