HGER vs. BRK-B

Last updated Aug 1, 2026

HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 3 years, HGER returned 18.61%/yr vs 13.24%/yr for BRK-B. Their 0.05 correlation means their historical movements had little consistent relationship.

Performance

HGER vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGER achieves a 29.53% return, which is significantly higher than BRK-B's 1.77% 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%

BRK-B

• 1D: 0.36%
• 1M: 2.36%
• 6M: 6.45%
• YTD: 1.77%
• 1Y: 8.40%
• 3Y*: 13.24%
• 5Y*: 12.95%
• 10Y*: 13.57%
• ALL TIME*: 10.71%

*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)
BRK-B Berkshire Hathaway Inc.	$2.04B	$2.04B	$2.42B
HGER Harbor Commodity All-Weather Strategy ETF	$46.51M	$66.72M	$45.77M

HGER vs. BRK-B - 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%
BRK-B Berkshire Hathaway Inc.	1.77%	10.89%	27.09%	15.46%	-4.18%

Correlation

The correlation between HGER and BRK-B is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.11
Correlation (3Y) Balances recent behavior with more history.	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	0.05

The correlation between HGER and BRK-B shifts across timeframes, from -0.11 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HGER vs. BRK-B — Risk / Return Rank

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

HGER

HGER Risk / Return Rank: 86
HGER Sharpe Ratio Rank: 91
HGER Sortino Ratio Rank: 89
HGER Omega Ratio Rank: 89
HGER Calmar Ratio Rank: 80
HGER Martin Ratio Rank: 80

BRK-B

BRK-B Risk / Return Rank: 61
BRK-B Sharpe Ratio Rank: 65
BRK-B Sortino Ratio Rank: 56
BRK-B Omega Ratio Rank: 55
BRK-B Calmar Ratio Rank: 65
BRK-B Martin Ratio Rank: 64

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.

HGER vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.57	+1.71
Sortino ratio: Return per unit of downside risk	3.02	0.89	+2.13
Omega ratio: Gain probability vs. loss probability	1.41	1.11	+0.30
Calmar ratio: Return relative to maximum drawdown	2.87	0.90	+1.98
Martin ratio: Return relative to average drawdown	10.23	1.88	+8.36

HGER vs. BRK-B - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 2.28, which is higher than the BRK-B Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of HGER and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HGER vs. BRK-B - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for HGER and BRK-B.

Drawdown Indicators

	HGER	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-53.86%	+30.55%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-9.42%	-4.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.04%	-14.95%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-3.94%	-5.24%	+1.30%
Average Drawdown Average peak-to-trough decline	-7.66%	-11.06%	+3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	4.49%	-0.55%

Volatility

HGER vs. BRK-B - Volatility Comparison

Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 5.64% compared to Berkshire Hathaway Inc. (BRK-B) at 4.59%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	4.59%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	11.13%	+4.30%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	14.79%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	17.12%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	19.42%	-1.75%

Dividends

HGER vs. BRK-B - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.47%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BRK-B Berkshire Hathaway Inc.	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

Can I hold both HGER and BRK-B in my portfolio?

HGER and BRK-B have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HGER or BRK-B?

HGER has higher volatility (5.64%) compared to BRK-B (4.59%). In terms of maximum drawdown, HGER dropped -23.31% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.28 vs 0.57), 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.