HGER vs. HERD
HGER (Harbor Commodity All-Weather Strategy ETF) and HERD (Pacer Cash Cows Fund of Funds ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while HERD is a Global Equities fund tracking the Pacer Cash Cows Fund of Funds Index. Both are passively managed. Over the past 3 years, HGER returned 18.61%/yr vs 14.59%/yr for HERD. Their 0.27 correlation means their historical movements had little consistent relationship. HGER charges 0.68%/yr vs 0.73%/yr for HERD.
Performance
HGER vs. HERD - Performance Comparison
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Returns By Period
In the year-to-date period, HGER achieves a 29.53% return, which is significantly higher than HERD's 14.97% 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%
HERD
- 1D
- -0.45%
- 1M
- 5.94%
- 6M
- 10.58%
- YTD
- 14.97%
- 1Y
- 28.32%
- 3Y*
- 14.59%
- 5Y*
- 10.62%
- 10Y*
- —
- ALL TIME*
- 12.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $194.03K | $197.87K | $182.95K | |
| $46.51M | $66.72M | $45.77M |
HGER vs. HERD - 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% |
HERD Pacer Cash Cows Fund of Funds ETF | 14.97% | 19.07% | 2.91% | 20.72% | -8.42% |
Correlation
The correlation between HGER and HERD is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.27 |
Over the past year, the correlation between HGER and HERD has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
HGER vs. HERD — Risk / Return Rank
HGER
HERD
HGER vs. HERD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Pacer Cash Cows Fund of Funds ETF (HERD). 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 | HERD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 5.01 | -2.14 |
| Martin ratioReturn relative to average drawdown | 10.23 | 15.56 | -5.32 |
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Drawdowns
HGER vs. HERD - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for HGER and HERD.
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Drawdown Indicators
| HGER | HERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -39.41% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -5.68% | -8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -18.90% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.60% | — |
Current DrawdownCurrent decline from peak | -3.94% | -0.70% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -4.50% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 1.83% | +2.11% |
Volatility
HGER vs. HERD - Volatility Comparison
Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 5.64% compared to Pacer Cash Cows Fund of Funds ETF (HERD) at 3.60%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than HERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | HERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 3.60% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 8.72% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 11.83% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 17.68% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 20.36% | -2.69% |
HGER vs. HERD - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is lower than HERD's 0.73% expense ratio.
Dividends
HGER vs. HERD - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.47%, more than HERD's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HERD Pacer Cash Cows Fund of Funds ETF | 2.73% | 3.75% | 2.43% | 2.54% | 2.50% | 2.02% | 1.95% | 1.69% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.47% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HGER and HERD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (5.64%) compared to HERD (3.60%). In terms of maximum drawdown, HGER dropped -23.31% vs HERD's -39.41%.
On 3-year performance, HGER leads with 18.61% vs 14.59% for HERD. On fees, HGER is cheaper at 0.68% per year. On volatility, HERD has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HGER has performed better with a 18.61% return vs 14.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HGER is cheaper with a 0.68% expense ratio, compared with 0.73% for HERD.
HGER has the higher dividend yield at 5.47%, compared with 2.73% for HERD.
HGER is categorized as Commodities, while HERD is Global Equities. HGER tracks Quantix Commodity Index - Benchmark TR Net, while HERD tracks Pacer Cash Cows Fund of Funds Index. They also come from different issuers: Harbor and Pacer. Their fees differ too: 0.68% for HGER and 0.73% for HERD.
HERD currently has the higher Sharpe Ratio (2.42 vs 2.28), 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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