HGER vs. FIQRX

Last updated Apr 2, 2026

Compare and contrast key facts about Harbor Commodity All-Weather Strategy ETF (HGER) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX).

HGER is a passively managed fund by Harbor that tracks the performance of the Quantix Commodity Index - Benchmark TR Net. It was launched on Feb 9, 2022. FIQRX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

HGER vs. FIQRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX). The values are adjusted to include any dividend payments, if applicable.

HGER vs. FIQRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	25.22%	20.08%	9.25%	1.93%	9.77%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	24.13%	28.74%	3.10%	-5.03%	7.85%

Returns By Period

The year-to-date returns for both stocks are quite close, with HGER having a 25.22% return and FIQRX slightly lower at 24.13%.

HGER

• 1D: 0.23%
• 1M: 6.26%
• YTD: 25.22%
• 6M: 29.21%
• 1Y: 37.94%
• 3Y*: 18.53%
• 5Y*: —
• 10Y*: —

FIQRX

• 1D: 1.05%
• 1M: -1.31%
• YTD: 24.13%
• 6M: 33.36%
• 1Y: 53.05%
• 3Y*: 18.25%
• 5Y*: 15.87%
• 10Y*: —

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

HGER vs. FIQRX - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is lower than FIQRX's 0.80% expense ratio.

FIQRX

Fidelity Advisor Global Commodity Stock Fund Class Z

HGER

Harbor Commodity All-Weather Strategy ETF

Return for Risk

HGER vs. FIQRX — Risk / Return Rank

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

HGER

HGER Risk / Return Rank: 93
HGER Sharpe Ratio Rank: 91
HGER Sortino Ratio Rank: 92
HGER Omega Ratio Rank: 90
HGER Calmar Ratio Rank: 96
HGER Martin Ratio Rank: 94

FIQRX

FIQRX Risk / Return Rank: 96
FIQRX Sharpe Ratio Rank: 97
FIQRX Sortino Ratio Rank: 95
FIQRX Omega Ratio Rank: 94
FIQRX Calmar Ratio Rank: 96
FIQRX Martin Ratio Rank: 98

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. FIQRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX). 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	FIQRX	Difference
Sharpe ratio Return per unit of total volatility	2.11	2.65	-0.54
Sortino ratio Return per unit of downside risk	2.78	3.16	-0.38
Omega ratio Gain probability vs. loss probability	1.39	1.50	-0.11
Calmar ratio Return relative to maximum drawdown	4.35	3.67	+0.68
Martin ratio Return relative to average drawdown	15.38	19.03	-3.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HGER vs. FIQRX - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 2.11, which is comparable to the FIQRX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of HGER and FIQRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HGER	FIQRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.65	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.56	+0.33

Correlation

The correlation between HGER and FIQRX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HGER vs. FIQRX - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.66%, more than FIQRX's 2.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HGER Harbor Commodity All-Weather Strategy ETF	5.66%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%
FIQRX Fidelity Advisor Global Commodity Stock Fund Class Z	2.08%	2.58%	2.74%	2.28%	1.99%	3.55%	1.66%	3.34%	2.58%

Drawdowns

HGER vs. FIQRX - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum FIQRX drawdown of -45.62%. Use the drawdown chart below to compare losses from any high point for HGER and FIQRX.

Drawdown Indicators

	HGER	FIQRX	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-45.62%	+22.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-14.68%	+5.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.18%	—
Current Drawdown Current decline from peak	-0.38%	-1.31%	+0.93%
Average Drawdown Average peak-to-trough decline	-7.90%	-9.58%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.83%	-0.33%

Volatility

HGER vs. FIQRX - Volatility Comparison

Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 7.23% compared to Fidelity Advisor Global Commodity Stock Fund Class Z (FIQRX) at 6.16%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than FIQRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	FIQRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	6.16%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	14.60%	13.74%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	20.50%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	21.55%	-3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.78%	24.43%	-6.65%