HGER vs. BCI
HGER (Harbor Commodity All-Weather Strategy ETF) and BCI (abrdn Bloomberg All Commodity Strategy K-1 Free ETF) are both Commodities funds - HGER tracks the Quantix Commodity Index - Benchmark TR Net while BCI tracks the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 3 years, HGER returned 17.05%/yr vs 10.67%/yr for BCI. Their correlation of 0.84 suggests significant overlap in exposure. HGER charges 0.68%/yr vs 0.26%/yr for BCI.
Performance
HGER vs. BCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HGER achieves a 15.91% return, which is significantly higher than BCI's 13.01% return.
HGER
- 1D
- -2.21%
- 1M
- -10.49%
- YTD
- 15.91%
- 6M
- 13.76%
- 1Y
- 26.85%
- 3Y*
- 17.05%
- 5Y*
- —
- 10Y*
- —
BCI
- 1D
- -1.95%
- 1M
- -11.54%
- YTD
- 13.01%
- 6M
- 11.32%
- 1Y
- 23.00%
- 3Y*
- 10.67%
- 5Y*
- 9.05%
- 10Y*
- —
HGER vs. BCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 15.91% | 20.08% | 9.25% | 1.93% | 9.66% |
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 13.01% | 15.07% | 5.47% | -8.79% | 4.25% |
Correlation
The correlation between HGER and BCI is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.84 |
The correlation between HGER and BCI has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HGER vs. BCI — Risk / Return Rank
HGER
BCI
HGER vs. BCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI). 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 | BCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.56 | +0.36 |
| Martin ratioReturn relative to average drawdown | 8.68 | 6.68 | +2.00 |
Loading charts...
Drawdowns
HGER vs. BCI - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum BCI drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for HGER and BCI.
Loading charts...
Drawdown Indicators
| HGER | BCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -32.69% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -14.82% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -14.82% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.50% | — |
Current DrawdownCurrent decline from peak | -14.04% | -14.82% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -11.99% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.45% | -0.35% |
Volatility
HGER vs. BCI - Volatility Comparison
Harbor Commodity All-Weather Strategy ETF (HGER) and abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) have volatilities of 4.01% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HGER | BCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 3.84% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 15.11% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.99% | 17.19% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 16.82% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 15.66% | +1.95% |
HGER vs. BCI - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is higher than BCI's 0.26% expense ratio.
Dividends
HGER vs. BCI - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 6.11%, less than BCI's 14.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 14.59% | 16.49% | 3.29% | 3.93% | 19.98% | 19.43% | 0.68% | 1.47% | 1.13% | 5.02% |
HGER Harbor Commodity All-Weather Strategy ETF | 6.11% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HGER and BCI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (4.01%) compared to BCI (3.84%). In terms of maximum drawdown, HGER dropped -23.31% vs BCI's -32.69%.
On 3-year performance, HGER leads with 17.05% vs 10.67% for BCI. On fees, BCI is cheaper at 0.26% per year. On volatility, BCI has been the lower-risk option at 3.84%. 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 17.05% return vs 10.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCI is cheaper with a 0.26% expense ratio, compared with 0.68% for HGER.
BCI has the higher dividend yield at 14.59%, compared with 6.11% for HGER.
HGER tracks Quantix Commodity Index - Benchmark TR Net, while BCI tracks Bloomberg Commodity Index Total Return. They also come from different issuers: Harbor and Aberdeen. Their fees differ too: 0.68% for HGER and 0.26% for BCI.
HGER currently has the higher Sharpe Ratio (1.60 vs 1.35), 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.
Find the right allocation for HGER and BCI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer