HGER vs. UYLD
HGER (Harbor Commodity All-Weather Strategy ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while UYLD is a Ultrashort Bond fund actively managed by Angel Oak. HGER is passively managed, while UYLD is actively managed. Over the past 3 years, HGER returned 21.26%/yr vs 5.89%/yr for UYLD. At a correlation of -0.04, they often move in opposite directions. HGER charges 0.68%/yr vs 0.29%/yr for UYLD.
Performance
HGER vs. UYLD - Performance Comparison
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Returns By Period
In the year-to-date period, HGER achieves a 28.12% return, which is significantly higher than UYLD's 1.91% return.
HGER
- 1D
- -0.28%
- 1M
- -2.72%
- YTD
- 28.12%
- 6M
- 27.93%
- 1Y
- 41.90%
- 3Y*
- 21.26%
- 5Y*
- —
- 10Y*
- —
UYLD
- 1D
- -0.01%
- 1M
- 0.67%
- YTD
- 1.91%
- 6M
- 2.37%
- 1Y
- 5.18%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
HGER vs. UYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 28.12% | 20.08% | 9.25% | 1.93% | 5.74% |
UYLD Angel Oak Ultrashort Income ETF | 1.91% | 5.36% | 6.10% | 6.90% | 1.12% |
Correlation
The correlation between HGER and UYLD is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | -0.04 |
The correlation between HGER and UYLD shifts across timeframes, from -0.23 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HGER vs. UYLD — Risk / Return Rank
HGER
UYLD
HGER vs. UYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Angel Oak Ultrashort Income ETF (UYLD). 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 | UYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.50 | ||
| Sortino ratioReturn per unit of downside risk | -18.68 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 4.35 | -2.89 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 38.06 | -32.86 |
| Martin ratioReturn relative to average drawdown | 17.52 | 225.76 | -208.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HGER | UYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 8.00 | -5.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 5.98 | -5.08 |
Drawdowns
HGER vs. UYLD - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for HGER and UYLD.
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Drawdown Indicators
| HGER | UYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -0.54% | -22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -0.14% | -7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -0.54% | -8.30% |
Current DrawdownCurrent decline from peak | -4.99% | -0.01% | -4.98% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -0.03% | -7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.02% | +2.38% |
Volatility
HGER vs. UYLD - Volatility Comparison
Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 4.02% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.38%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | UYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 0.38% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 0.50% | +14.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.87% | 0.65% | +16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 1.00% | +16.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 1.00% | +16.62% |
HGER vs. UYLD - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is higher than UYLD's 0.29% expense ratio.
Dividends
HGER vs. UYLD - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.53%, more than UYLD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 5.53% | 7.09% | 3.28% | 7.24% | 0.64% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% |
Frequently Asked Questions
HGER and UYLD have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (4.02%) compared to UYLD (0.38%). In terms of maximum drawdown, HGER dropped -23.31% vs UYLD's -0.54%.
On 3-year performance, HGER leads with 21.26% vs 5.89% for UYLD. On fees, UYLD is cheaper at 0.29% per year. On volatility, UYLD has been the lower-risk option at 0.38%. 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 21.26% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYLD is cheaper with a 0.29% expense ratio, compared with 0.68% for HGER.
HGER has the higher dividend yield at 5.53%, compared with 5.03% for UYLD.
HGER is categorized as Commodities, while UYLD is Ultrashort Bond. They also come from different issuers: Harbor and Angel Oak. Their fees differ too: 0.68% for HGER and 0.29% for UYLD.
UYLD currently has the higher Sharpe Ratio (8.00 vs 2.50), 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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