HGER vs. CMDB
HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while CMDB (Costamare Bulkers Holdings Ltd) is a stock. Over the past year, HGER returned 41.90% vs 74.92% for CMDB. At a 0.09 correlation, their price movements are largely independent.
Performance
HGER vs. CMDB - Performance Comparison
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Returns By Period
In the year-to-date period, HGER achieves a 28.12% return, which is significantly higher than CMDB's 5.45% return.
HGER
- 1D
- -0.28%
- 1M
- -2.72%
- YTD
- 28.12%
- 6M
- 27.93%
- 1Y
- 41.90%
- 3Y*
- 21.26%
- 5Y*
- —
- 10Y*
- —
CMDB
- 1D
- -1.87%
- 1M
- -4.92%
- YTD
- 5.45%
- 6M
- -2.17%
- 1Y
- 74.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HGER vs. CMDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 28.12% | 12.63% |
CMDB Costamare Bulkers Holdings Ltd | 5.45% | 31.48% |
Correlation
The correlation between HGER and CMDB is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 8, 2025 | 0.09 |
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Return for Risk
HGER vs. CMDB — Risk / Return Rank
HGER
CMDB
HGER vs. CMDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Costamare Bulkers Holdings Ltd (CMDB). 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 | CMDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.28 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 3.10 | +2.10 |
| Martin ratioReturn relative to average drawdown | 17.52 | 7.10 | +10.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HGER | CMDB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 1.64 | +0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.75 | +0.15 |
Drawdowns
HGER vs. CMDB - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum CMDB drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for HGER and CMDB.
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Drawdown Indicators
| HGER | CMDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -26.28% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -24.27% | +16.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | — | — |
Current DrawdownCurrent decline from peak | -4.99% | -18.18% | +13.19% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -11.92% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 10.60% | -8.20% |
Volatility
HGER vs. CMDB - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 4.02%, while Costamare Bulkers Holdings Ltd (CMDB) has a volatility of 12.37%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than CMDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | CMDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 12.37% | -8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 28.08% | -13.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 45.88% | -29.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 47.63% | -30.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 47.63% | -30.01% |
Dividends
HGER vs. CMDB - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.53%, while CMDB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CMDB Costamare Bulkers Holdings Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.53% | 7.09% | 3.28% | 7.24% | 0.64% |
Frequently Asked Questions
HGER and CMDB have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMDB has higher volatility (12.37%) compared to HGER (4.02%). In terms of maximum drawdown, HGER dropped -23.31% vs CMDB's -26.28%.
HGER currently has the higher Sharpe Ratio (2.50 vs 1.64), 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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