HGER vs. IXC
HGER (Harbor Commodity All-Weather Strategy ETF) and IXC (iShares Global Energy ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Both are passively managed. Over the past 3 years, HGER returned 18.60%/yr vs 14.69%/yr for IXC. A 0.59 correlation means they provide meaningful diversification when combined. HGER charges 0.68%/yr vs 0.40%/yr for IXC.
Performance
HGER vs. IXC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HGER having a 23.17% return and IXC slightly higher at 23.35%.
HGER
- 1D
- -0.84%
- 1M
- 0.86%
- 6M
- 20.50%
- YTD
- 23.17%
- 1Y
- 31.96%
- 3Y*
- 18.60%
- 5Y*
- —
- 10Y*
- —
IXC
- 1D
- 0.51%
- 1M
- -4.24%
- 6M
- 20.68%
- YTD
- 23.35%
- 1Y
- 29.02%
- 3Y*
- 14.69%
- 5Y*
- 18.91%
- 10Y*
- 8.83%
HGER vs. IXC - 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% |
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 21.99% |
Correlation
The correlation between HGER and IXC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.59 |
The correlation between HGER and IXC has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
HGER vs. IXC — Risk / Return Rank
HGER
IXC
HGER vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.95 | +0.43 |
| Martin ratioReturn relative to average drawdown | 8.73 | 6.26 | +2.47 |
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Drawdowns
HGER vs. IXC - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for HGER and IXC.
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Drawdown Indicators
| HGER | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -67.88% | +44.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -15.36% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -19.06% | +5.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -8.66% | -11.22% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -17.45% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 4.78% | -0.95% |
Volatility
HGER vs. IXC - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 5.75%, while iShares Global Energy ETF (IXC) has a volatility of 6.59%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 6.59% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 15.86% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 19.18% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 23.45% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 26.81% | -9.14% |
HGER vs. IXC - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is higher than IXC's 0.40% expense ratio.
Dividends
HGER vs. IXC - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.75%, more than IXC's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
IXC iShares Global Energy ETF | 3.08% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
HGER and IXC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.59%) compared to HGER (5.75%). In terms of maximum drawdown, HGER dropped -23.31% vs IXC's -67.88%.
On 3-year performance, HGER leads with 18.60% vs 14.69% for IXC. On fees, IXC is cheaper at 0.40% 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.
Over the 3-year period, HGER has performed better with a 18.60% return vs 14.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXC is cheaper with a 0.40% expense ratio, compared with 0.68% for HGER.
HGER has the higher dividend yield at 5.75%, compared with 3.08% for IXC.
HGER is categorized as Commodities, while IXC is Energy Equities. HGER tracks Quantix Commodity Index - Benchmark TR Net, while IXC tracks S&P Global 1200 Energy Capped Index. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.68% for HGER and 0.40% for IXC.
HGER currently has the higher Sharpe Ratio (1.93 vs 1.56), 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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