HGER vs. MOOD

Last updated Aug 1, 2026

HGER (Harbor Commodity All-Weather Strategy ETF) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while MOOD is a Tactical Allocation fund actively managed by Alpha Architect. HGER is passively managed, while MOOD is actively managed. Over the past 3 years, HGER returned 18.61%/yr vs 19.14%/yr for MOOD. Their 0.35 correlation means their historical movements had little consistent relationship. HGER charges 0.68%/yr vs 0.73%/yr for MOOD.

Performance

HGER vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGER achieves a 29.53% return, which is significantly higher than MOOD's 13.27% 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%

MOOD

• 1D: 0.04%
• 1M: 0.15%
• 6M: 5.83%
• YTD: 13.27%
• 1Y: 31.25%
• 3Y*: 19.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HGER Harbor Commodity All-Weather Strategy ETF	$46.51M	$66.72M	$45.77M
MOOD Relative Sentiment Tactical Allocation ETF	$594.91K	$566.29K	$735.34K

HGER vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	29.53%	20.08%	9.25%	1.93%	-2.14%
MOOD Relative Sentiment Tactical Allocation ETF	13.27%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between HGER and MOOD is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.35

Return for Risk

HGER vs. MOOD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HGER

HGER Risk / Return Rank: 86
HGER Sharpe Ratio Rank: 91
HGER Sortino Ratio Rank: 89
HGER Omega Ratio Rank: 89
HGER Calmar Ratio Rank: 80
HGER Martin Ratio Rank: 80

MOOD

MOOD Risk / Return Rank: 84
MOOD Sharpe Ratio Rank: 89
MOOD Sortino Ratio Rank: 80
MOOD Omega Ratio Rank: 90
MOOD Calmar Ratio Rank: 85
MOOD Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HGER vs. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Relative Sentiment Tactical Allocation ETF (MOOD). 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	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.14	+0.14
Sortino ratio: Return per unit of downside risk	3.02	2.57	+0.45
Omega ratio: Gain probability vs. loss probability	1.41	1.42	-0.01
Calmar ratio: Return relative to maximum drawdown	2.87	3.23	-0.36
Martin ratio: Return relative to average drawdown	10.23	9.79	+0.45

HGER vs. MOOD - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 2.28, which is comparable to the MOOD Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of HGER and MOOD, 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. MOOD - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for HGER and MOOD.

Drawdown Indicators

	HGER	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-14.34%	-8.97%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-9.71%	-4.33%
Max Drawdown (3Y) Largest decline over 3 years	-14.04%	-9.71%	-4.33%
Current Drawdown Current decline from peak	-3.94%	-2.08%	-1.86%
Average Drawdown Average peak-to-trough decline	-7.66%	-2.30%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.20%	+0.74%

Volatility

HGER vs. MOOD - Volatility Comparison

Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 5.64% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 2.45%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	2.45%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	12.23%	+3.20%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	14.69%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	12.09%	+5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	12.09%	+5.58%

HGER vs. MOOD - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is lower than MOOD's 0.73% expense ratio.

Dividends

HGER vs. MOOD - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.47%, more than MOOD's 0.36% yield.

Position	TTM	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	5.47%	7.09%	3.28%	7.24%	0.64%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both HGER and MOOD in my portfolio?

HGER and MOOD have a correlation of 0.29, 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 MOOD?

HGER has higher volatility (5.64%) compared to MOOD (2.45%). In terms of maximum drawdown, HGER dropped -23.31% vs MOOD's -14.34%.

Which ETF is better, HGER or MOOD?

On 3-year performance, MOOD leads with 19.14% vs 18.61% for HGER. On fees, HGER is cheaper at 0.68% per year. On volatility, MOOD has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HGER or MOOD?

Over the 3-year period, MOOD has performed better with a 19.14% return vs 18.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HGER or MOOD?

HGER is cheaper with a 0.68% expense ratio, compared with 0.73% for MOOD.

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

HGER has the higher dividend yield at 5.47%, compared with 0.36% for MOOD.

What is the main difference between HGER and MOOD?

HGER is categorized as Commodities, while MOOD is Tactical Allocation. They also come from different issuers: Harbor and Alpha Architect. Their fees differ too: 0.68% for HGER and 0.73% for MOOD.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.28 vs 2.14), 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.