HGER vs. QAITX

Last updated Jun 4, 2026

HGER (Harbor Commodity All-Weather Strategy ETF) and QAITX (Q3 All-Weather Tactical Fund) are both funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while QAITX is a Tactical Allocation fund managed by Q3 Asset Management Corporation. Over the past 3 years, HGER returned 21.26%/yr vs 12.30%/yr for QAITX. At a 0.06 correlation, their price movements are largely independent. HGER charges 0.68%/yr vs 1.36%/yr for QAITX.

Performance

HGER vs. QAITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and Q3 All-Weather Tactical Fund (QAITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGER achieves a 28.12% return, which is significantly higher than QAITX's 6.52% return.

HGER

• 1D: -0.28%
• 1M: -2.72%
• YTD: 28.12%
• 6M: 27.93%
• 1Y: 41.90%
• 3Y*: 21.26%
• 5Y*: —
• 10Y*: —

QAITX

• 1D: 0.00%
• 1M: 7.81%
• YTD: 6.52%
• 6M: 4.77%
• 1Y: 19.43%
• 3Y*: 12.30%
• 5Y*: 2.70%
• 10Y*: —

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

HGER vs. QAITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	28.12%	20.08%	9.25%	1.93%	9.77%
QAITX Q3 All-Weather Tactical Fund	6.52%	3.53%	16.11%	23.71%	-31.52%

Correlation

The correlation between HGER and QAITX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.06

The correlation between HGER and QAITX shifts across timeframes, from -0.05 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

HGER vs. QAITX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HGER

HGER Risk / Return Rank: 78
HGER Sharpe Ratio Rank: 75
HGER Sortino Ratio Rank: 69
HGER Omega Ratio Rank: 76
HGER Calmar Ratio Rank: 88
HGER Martin Ratio Rank: 84

QAITX

QAITX Risk / Return Rank: 21
QAITX Sharpe Ratio Rank: 23
QAITX Sortino Ratio Rank: 21
QAITX Omega Ratio Rank: 24
QAITX Calmar Ratio Rank: 18
QAITX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HGER vs. QAITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Q3 All-Weather Tactical Fund (QAITX). 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.

	HGER	QAITX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.38	+1.12
Sortino ratio: Return per unit of downside risk	3.23	1.91	+1.32
Omega ratio: Gain probability vs. loss probability	1.46	1.26	+0.20
Calmar ratio: Return relative to maximum drawdown	5.20	1.52	+3.69
Martin ratio: Return relative to average drawdown	17.52	4.73	+12.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HGER vs. QAITX - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 2.50, which is higher than the QAITX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of HGER and QAITX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HGER	QAITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	1.38	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.41	+0.49

Drawdowns

HGER vs. QAITX - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum QAITX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for HGER and QAITX.

Drawdown Indicators

	HGER	QAITX	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-40.35%	+17.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-13.49%	+5.40%
Max Drawdown (3Y) Largest decline over 3 years	-8.84%	-13.49%	+4.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.35%	—
Current Drawdown Current decline from peak	-4.99%	-3.56%	-1.43%
Average Drawdown Average peak-to-trough decline	-7.66%	-15.75%	+8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	4.31%	-1.91%

Volatility

HGER vs. QAITX - Volatility Comparison

Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 4.02% compared to Q3 All-Weather Tactical Fund (QAITX) at 3.26%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than QAITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	QAITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.26%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	14.54%	11.15%	+3.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	14.87%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	13.43%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	14.64%	+2.98%

HGER vs. QAITX - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is lower than QAITX's 1.36% expense ratio.

Dividends

HGER vs. QAITX - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.53%, more than QAITX's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HGER Harbor Commodity All-Weather Strategy ETF	5.53%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%
QAITX Q3 All-Weather Tactical Fund	1.48%	1.85%	0.00%	0.00%	0.00%	7.77%	7.57%

Frequently Asked Questions

Can I hold both HGER and QAITX in my portfolio?

HGER and QAITX have a correlation of -0.05, 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 QAITX?

HGER has higher volatility (4.02%) compared to QAITX (3.26%). In terms of maximum drawdown, HGER dropped -23.31% vs QAITX's -40.35%.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.50 vs 1.38), 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.