HGER vs. AMSC
HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while AMSC (American Superconductor Corporation) is a stock. Over the past 3 years, HGER returned 18.61%/yr vs 22.11%/yr for AMSC. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
HGER vs. AMSC - Performance Comparison
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Returns By Period
In the year-to-date period, HGER achieves a 29.53% return, which is significantly higher than AMSC's 2.05% return.
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%
AMSC
- 1D
- -0.27%
- 1M
- -26.43%
- 6M
- -1.84%
- YTD
- 2.05%
- 1Y
- -48.34%
- 3Y*
- 22.11%
- 5Y*
- 15.89%
- 10Y*
- 12.68%
- ALL TIME*
- -3.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.27M | $25.36M | $48.11M | |
| $46.51M | $66.72M | $45.77M |
HGER vs. AMSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 29.53% | 20.08% | 9.25% | 1.93% | 9.66% |
AMSC American Superconductor Corporation | 2.05% | 16.85% | 121.10% | 202.72% | -55.98% |
Correlation
The correlation between HGER and AMSC is 0.05, 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. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.09 |
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Return for Risk
HGER vs. AMSC — Risk / Return Rank
HGER
AMSC
HGER vs. AMSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and American Superconductor Corporation (AMSC). 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.
| HGER | AMSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.94 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | -0.79 | +3.67 |
| Martin ratioReturn relative to average drawdown | 10.23 | -1.21 | +11.44 |
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Drawdowns
HGER vs. AMSC - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum AMSC drawdown of -99.57%. Use the drawdown chart below to compare losses from any high point for HGER and AMSC.
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Drawdown Indicators
| HGER | AMSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -99.57% | +76.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -61.08% | +47.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -61.08% | +47.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.06% | — |
Current DrawdownCurrent decline from peak | -3.94% | -95.76% | +91.82% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -75.83% | +68.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 40.10% | -36.16% |
Volatility
HGER vs. AMSC - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 5.64%, while American Superconductor Corporation (AMSC) has a volatility of 22.38%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than AMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | AMSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 22.38% | -16.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 57.61% | -42.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 87.44% | -69.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 87.66% | -69.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 79.49% | -61.82% |
Dividends
HGER vs. AMSC - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.47%, while AMSC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMSC American Superconductor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.47% | 7.09% | 3.28% | 7.24% | 0.64% |
Frequently Asked Questions
HGER and AMSC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMSC has higher volatility (22.38%) compared to HGER (5.64%). In terms of maximum drawdown, HGER dropped -23.31% vs AMSC's -99.57%.
HGER currently has the higher Sharpe Ratio (2.28 vs -0.59), 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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