HGER vs. SDCI

Last updated Jun 4, 2026

HGER (Harbor Commodity All-Weather Strategy ETF) and SDCI (USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund) are both Commodities funds. HGER is passively managed, while SDCI is actively managed. Over the past 3 years, HGER returned 21.26%/yr vs 23.74%/yr for SDCI. Their correlation of 0.82 suggests significant overlap in exposure. HGER charges 0.68%/yr vs 0.70%/yr for SDCI.

Performance

HGER vs. SDCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Commodity All-Weather Strategy ETF (HGER) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HGER having a 28.12% return and SDCI slightly higher at 28.92%.

HGER

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

SDCI

• 1D: 0.18%
• 1M: -1.11%
• YTD: 28.92%
• 6M: 26.57%
• 1Y: 40.79%
• 3Y*: 23.74%
• 5Y*: 20.15%
• 10Y*: —

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

HGER vs. SDCI - 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%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	28.92%	17.60%	17.91%	-0.88%	20.68%

Correlation

The correlation between HGER and SDCI is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.82

The correlation between HGER and SDCI has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

HGER vs. SDCI - Sectors Allocation Comparison

Sectors	HGER	SDCI
Basic Materials	102.4%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	15.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HGER vs. SDCI — 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

SDCI

SDCI Risk / Return Rank: 74
SDCI Sharpe Ratio Rank: 74
SDCI Sortino Ratio Rank: 66
SDCI Omega Ratio Rank: 66
SDCI Calmar Ratio Rank: 83
SDCI Martin Ratio Rank: 81

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. SDCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). 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	SDCI	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.44	+0.06
Sortino ratio: Return per unit of downside risk	3.23	3.10	+0.13
Omega ratio: Gain probability vs. loss probability	1.46	1.41	+0.05
Calmar ratio: Return relative to maximum drawdown	5.20	4.53	+0.67
Martin ratio: Return relative to average drawdown	17.52	16.31	+1.21
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. SDCI - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 2.50, which is comparable to the SDCI Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of HGER and SDCI, 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	SDCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.44	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.68	+0.22

Drawdowns

HGER vs. SDCI - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum SDCI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for HGER and SDCI.

Drawdown Indicators

	HGER	SDCI	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-45.79%	+22.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-9.04%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-8.84%	-11.96%	+3.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.55%	—
Current Drawdown Current decline from peak	-4.99%	-3.04%	-1.95%
Average Drawdown Average peak-to-trough decline	-7.66%	-11.58%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	2.51%	-0.11%

Volatility

HGER vs. SDCI - Volatility Comparison

The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 4.02%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 4.61%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than SDCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	SDCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.61%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	14.54%	14.15%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	16.83%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	18.46%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	17.08%	+0.54%

HGER vs. SDCI - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is lower than SDCI's 0.70% expense ratio.

Dividends

HGER vs. SDCI - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.53%, more than SDCI's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HGER Harbor Commodity All-Weather Strategy ETF	5.53%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	2.85%	3.68%	5.92%	3.46%	33.49%	19.26%	0.20%	0.93%	0.68%

Frequently Asked Questions

Can I hold both HGER and SDCI in my portfolio?

HGER and SDCI have a correlation of 0.79, 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 SDCI?

SDCI has higher volatility (4.61%) compared to HGER (4.02%). In terms of maximum drawdown, HGER dropped -23.31% vs SDCI's -45.79%.

Which ETF is better, HGER or SDCI?

On 3-year performance, SDCI leads with 23.74% vs 21.26% for HGER. On fees, HGER is cheaper at 0.68% per year. On volatility, HGER has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HGER or SDCI?

Over the 3-year period, SDCI has performed better with a 23.74% return vs 21.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HGER or SDCI?

HGER is cheaper with a 0.68% expense ratio, compared with 0.70% for SDCI.

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

HGER has the higher dividend yield at 5.53%, compared with 2.85% for SDCI.

What is the main difference between HGER and SDCI?

They also come from different issuers: Harbor and Wainwright, Inc.. Their fees differ too: 0.68% for HGER and 0.70% for SDCI.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.50 vs 2.44), 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.