HGER vs. GSG
Compare and contrast key facts about Harbor Commodity All-Weather Strategy ETF (HGER) and iShares S&P GSCI Commodity-Indexed Trust (GSG).
HGER and GSG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006. Both HGER and GSG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGER or GSG.
Correlation
The correlation between HGER and GSG is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HGER vs. GSG - Performance Comparison
Key characteristics
HGER:
1.38
GSG:
0.50
HGER:
2.03
GSG:
0.82
HGER:
1.24
GSG:
1.09
HGER:
1.32
GSG:
0.10
HGER:
5.19
GSG:
1.41
HGER:
3.19%
GSG:
5.47%
HGER:
11.93%
GSG:
15.35%
HGER:
-23.31%
GSG:
-89.62%
HGER:
-0.92%
GSG:
-69.93%
Returns By Period
In the year-to-date period, HGER achieves a 6.84% return, which is significantly higher than GSG's 4.27% return.
HGER
6.84%
2.16%
11.30%
17.51%
N/A
N/A
GSG
4.27%
-2.62%
7.38%
8.04%
9.41%
0.80%
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HGER vs. GSG - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is lower than GSG's 0.75% expense ratio.
Risk-Adjusted Performance
HGER vs. GSG — Risk-Adjusted Performance Rank
HGER
GSG
HGER vs. GSG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
Dividends
HGER vs. GSG - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 3.07%, while GSG has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 3.07% | 3.28% | 7.24% | 0.64% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HGER vs. GSG - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for HGER and GSG. For additional features, visit the drawdowns tool.
Volatility
HGER vs. GSG - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 2.57%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 2.94%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.