HGER vs. VOO
HGER (Harbor Commodity All-Weather Strategy ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, HGER returned 17.92%/yr vs 20.78%/yr for VOO. At a 0.12 correlation, their price movements are largely independent. HGER charges 0.68%/yr vs 0.03%/yr for VOO.
Performance
HGER vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, HGER achieves a 18.53% return, which is significantly higher than VOO's 8.19% return.
HGER
- 1D
- -0.51%
- 1M
- -8.46%
- YTD
- 18.53%
- 6M
- 16.24%
- 1Y
- 26.94%
- 3Y*
- 17.92%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
HGER vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 18.53% | 20.08% | 9.25% | 1.93% | 9.66% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -15.06% |
Correlation
The correlation between HGER and VOO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.12 |
The correlation between HGER and VOO shifts across timeframes, from -0.03 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HGER vs. VOO — Risk / Return Rank
HGER
VOO
HGER vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.67 | -0.44 |
| Martin ratioReturn relative to average drawdown | 9.09 | 11.96 | -2.87 |
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Drawdowns
HGER vs. VOO - Drawdown Comparison
The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HGER and VOO.
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Drawdown Indicators
| HGER | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -33.99% | +10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -8.90% | -3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | -18.69% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -12.10% | -3.14% | -8.96% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -3.68% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.99% | +1.01% |
Volatility
HGER vs. VOO - Volatility Comparison
The current volatility for Harbor Commodity All-Weather Strategy ETF (HGER) is 3.60%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that HGER experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGER | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.83% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 9.82% | +5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 12.46% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 16.91% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.02% | -0.43% |
HGER vs. VOO - Expense Ratio Comparison
HGER has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
HGER vs. VOO - Dividend Comparison
HGER's dividend yield for the trailing twelve months is around 5.98%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 5.98% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
HGER and VOO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.83%) compared to HGER (3.60%). In terms of maximum drawdown, HGER dropped -23.31% vs VOO's -33.99%.
On 3-year performance, VOO leads with 20.78% vs 17.92% for HGER. On fees, VOO is cheaper at 0.03% per year. On volatility, HGER has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOO has performed better with a 20.78% return vs 17.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.68% for HGER.
HGER has the higher dividend yield at 5.98%, compared with 1.05% for VOO.
HGER is categorized as Commodities, while VOO is S&P 500. HGER tracks Quantix Commodity Index - Benchmark TR Net, while VOO tracks S&P 500 Index. They also come from different issuers: Harbor and Vanguard. Their fees differ too: 0.68% for HGER and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.91 vs 1.61), 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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