HGER vs. FLKR

Last updated Jul 12, 2026

HGER (Harbor Commodity All-Weather Strategy ETF) and FLKR (Franklin FTSE South Korea ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index. Both are passively managed. Over the past 3 years, HGER returned 18.60%/yr vs 45.44%/yr for FLKR. At a 0.23 correlation, their price movements are largely independent. HGER charges 0.68%/yr vs 0.09%/yr for FLKR.

Performance

HGER vs. FLKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and Franklin FTSE South Korea ETF (FLKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGER achieves a 23.17% return, which is significantly lower than FLKR's 88.17% return.

HGER

• 1D: -0.84%
• 1M: 0.86%
• 6M: 20.50%
• YTD: 23.17%
• 1Y: 31.96%
• 3Y*: 18.60%
• 5Y*: —
• 10Y*: —

FLKR

• 1D: -0.13%
• 1M: -5.67%
• 6M: 69.24%
• YTD: 88.17%
• 1Y: 153.09%
• 3Y*: 45.44%
• 5Y*: 17.20%
• 10Y*: —

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

HGER vs. FLKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	23.17%	20.08%	9.25%	1.93%	9.66%
FLKR Franklin FTSE South Korea ETF	88.17%	91.91%	-18.84%	19.16%	-23.44%

Correlation

The correlation between HGER and FLKR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	0.23

The correlation between HGER and FLKR shifts across timeframes, from 0.11 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HGER vs. FLKR — Risk / Return Rank

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

HGER

HGER Risk / Return Rank: 69
HGER Sharpe Ratio Rank: 76
HGER Sortino Ratio Rank: 72
HGER Omega Ratio Rank: 75
HGER Calmar Ratio Rank: 60
HGER Martin Ratio Rank: 62

FLKR

FLKR Risk / Return Rank: 92
FLKR Sharpe Ratio Rank: 95
FLKR Sortino Ratio Rank: 87
FLKR Omega Ratio Rank: 90
FLKR Calmar Ratio Rank: 95
FLKR Martin Ratio Rank: 94

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. FLKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Franklin FTSE South Korea ETF (FLKR). 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	FLKR	Difference
Sharpe ratio: Return per unit of total volatility	1.93	3.07	-1.14
Sortino ratio: Return per unit of downside risk	2.61	3.16	-0.55
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.11
Calmar ratio: Return relative to maximum drawdown	2.39	6.61	-4.23
Martin ratio: Return relative to average drawdown	8.73	20.76	-12.03

HGER vs. FLKR - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 1.93, which is lower than the FLKR Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of HGER and FLKR, 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. FLKR - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum FLKR drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for HGER and FLKR.

Drawdown Indicators

	HGER	FLKR	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-50.06%	+26.75%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-23.03%	+8.99%
Max Drawdown (3Y) Largest decline over 3 years	-14.04%	-26.39%	+12.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-48.14%	—
Current Drawdown Current decline from peak	-8.66%	-16.53%	+7.87%
Average Drawdown Average peak-to-trough decline	-7.71%	-21.93%	+14.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	7.32%	-3.49%

Volatility

HGER vs. FLKR - Volatility Comparison

The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 5.75%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 24.66%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	FLKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	24.66%	-18.91%
Volatility (6M) Calculated over the trailing 6-month period	15.35%	46.71%	-31.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	49.65%	-32.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	30.98%	-13.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	29.12%	-11.45%

HGER vs. FLKR - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is higher than FLKR's 0.09% expense ratio.

Dividends

HGER vs. FLKR - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.75%, more than FLKR's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	2.45%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
HGER Harbor Commodity All-Weather Strategy ETF	5.75%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HGER and FLKR in my portfolio?

HGER and FLKR 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 FLKR?

FLKR has higher volatility (24.66%) compared to HGER (5.75%). In terms of maximum drawdown, HGER dropped -23.31% vs FLKR's -50.06%.

Which ETF is better, HGER or FLKR?

On 3-year performance, FLKR leads with 45.44% vs 18.60% for HGER. On fees, FLKR is cheaper at 0.09% per year. On volatility, HGER has been the lower-risk option at 5.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HGER or FLKR?

Over the 3-year period, FLKR has performed better with a 45.44% return vs 18.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HGER or FLKR?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.68% for HGER.

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

HGER has the higher dividend yield at 5.75%, compared with 2.45% for FLKR.

What is the main difference between HGER and FLKR?

HGER is categorized as Commodities, while FLKR is South Korea Equities. HGER tracks Quantix Commodity Index - Benchmark TR Net, while FLKR tracks FTSE South Korea RIC Capped Index. They also come from different issuers: Harbor and Franklin Templeton. Their fees differ too: 0.68% for HGER and 0.09% for FLKR.

Which has better risk-adjusted returns?

FLKR currently has the higher Sharpe Ratio (3.07 vs 1.93), 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.