HGER vs. MTDR
HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while MTDR (Matador Resources Company) is a stock. Over the past 3 years, HGER returned 18.60%/yr vs 0.56%/yr for MTDR. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
HGER vs. MTDR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HGER having a 23.17% return and MTDR slightly lower at 22.72%.
HGER
- 1D
- -0.84%
- 1M
- 0.86%
- 6M
- 20.50%
- YTD
- 23.17%
- 1Y
- 31.96%
- 3Y*
- 18.60%
- 5Y*
- —
- 10Y*
- —
MTDR
- 1D
- -0.08%
- 1M
- -4.25%
- 6M
- 23.27%
- YTD
- 22.72%
- 1Y
- 0.99%
- 3Y*
- 0.56%
- 5Y*
- 9.41%
- 10Y*
- 9.53%
HGER vs. MTDR - 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% |
MTDR Matador Resources Company | 22.72% | -22.31% | 0.37% | 0.57% | 33.58% |
Correlation
The correlation between HGER and MTDR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.50 |
The correlation between HGER and MTDR has been stable across timeframes, ranging from 0.40 to 0.50 - a consistent structural relationship.
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Return for Risk
HGER vs. MTDR — Risk / Return Rank
HGER
MTDR
HGER vs. MTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Matador Resources Company (MTDR). 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 | MTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.04 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.06 | +2.33 |
| Martin ratioReturn relative to average drawdown | 8.73 | 0.12 | +8.61 |
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Drawdowns
HGER vs. MTDR - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum MTDR drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for HGER and MTDR.
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Drawdown Indicators
| HGER | MTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -96.50% | +73.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -28.76% | +14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -46.83% | +32.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.50% | — |
Current DrawdownCurrent decline from peak | -8.66% | -24.81% | +16.15% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -25.07% | +17.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 14.27% | -10.44% |
Volatility
HGER vs. MTDR - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 5.75%, while Matador Resources Company (MTDR) has a volatility of 9.39%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than MTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | MTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 9.39% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 30.06% | -14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 40.37% | -23.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 47.08% | -29.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 64.91% | -47.24% |
Dividends
HGER vs. MTDR - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.75%, more than MTDR's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 5.75% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% |
MTDR Matador Resources Company | 2.80% | 3.09% | 1.51% | 1.14% | 0.52% | 0.34% |
Frequently Asked Questions
HGER and MTDR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTDR has higher volatility (9.39%) compared to HGER (5.75%). In terms of maximum drawdown, HGER dropped -23.31% vs MTDR's -96.50%.
HGER currently has the higher Sharpe Ratio (1.93 vs 0.04), 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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