HGER vs. BCIM

Last updated Jun 3, 2026

HGER (Harbor Commodity All-Weather Strategy ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. HGER charges 0.68%/yr vs 0.41%/yr for BCIM.

Performance

HGER vs. BCIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HGER

• 1D: 0.85%
• 1M: -1.45%
• YTD: 28.49%
• 6M: 28.01%
• 1Y: 41.95%
• 3Y*: 21.38%
• 5Y*: —
• 10Y*: —

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HGER vs. BCIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	28.49%	20.08%	9.25%	1.93%	9.77%
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-11.07%

Correlation

The correlation between HGER and BCIM is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.44

Over the past year, the correlation between HGER and BCIM has dropped to 0.02 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

HGER vs. BCIM — Risk / Return Rank

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

HGER

HGER Risk / Return Rank: 80
HGER Sharpe Ratio Rank: 76
HGER Sortino Ratio Rank: 70
HGER Omega Ratio Rank: 76
HGER Calmar Ratio Rank: 90
HGER Martin Ratio Rank: 87

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.

HGER vs. BCIM - 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 Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	HGER	BCIM	Difference
Sharpe ratio Return per unit of total volatility	2.50	—	—
Sortino ratio Return per unit of downside risk	3.23	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	5.53	—	—
Martin ratio Return relative to average drawdown	18.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HGER	BCIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	—	—

Drawdowns

Drawdown Indicators

	HGER	BCIM	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.84%	—	—
Current Drawdown Current decline from peak	-4.72%	—	—
Average Drawdown Average peak-to-trough decline	-7.66%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	—	—

Volatility

Volatility by Period

	HGER	BCIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	—	—

HGER vs. BCIM - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is higher than BCIM's 0.41% expense ratio.

Dividends

HGER vs. BCIM - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.51%, more than BCIM's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%
HGER Harbor Commodity All-Weather Strategy ETF	5.51%	7.09%	3.28%	7.24%	0.64%	0.00%

Frequently Asked Questions

Can I hold both HGER and BCIM in my portfolio?

HGER and BCIM have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HGER or BCIM?

On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HGER or BCIM?

BCIM is cheaper with a 0.41% expense ratio, compared with 0.68% for HGER.

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

HGER has the higher dividend yield at 5.51%, compared with 3.77% for BCIM.

What is the main difference between HGER and BCIM?

HGER is categorized as Commodities, while BCIM is Metals. HGER tracks Quantix Commodity Index - Benchmark TR Net, while BCIM tracks Bloomberg Industrial Metals. They also come from different issuers: Harbor and Aberdeen. Their fees differ too: 0.68% for HGER and 0.41% for BCIM.