HGER vs. VWENX

Last updated Apr 2, 2026

Compare and contrast key facts about Harbor Commodity All-Weather Strategy ETF (HGER) and Vanguard Wellington Fund Admiral Shares (VWENX).

HGER is a passively managed fund by Harbor that tracks the performance of the Quantix Commodity Index - Benchmark TR Net. It was launched on Feb 9, 2022. VWENX is managed by Vanguard. It was launched on May 14, 2001.

Performance

HGER vs. VWENX - Performance Comparison

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

HGER vs. VWENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	25.22%	20.08%	9.25%	1.93%	9.77%
VWENX Vanguard Wellington Fund Admiral Shares	-3.33%	16.63%	14.82%	14.40%	-9.89%

Returns By Period

In the year-to-date period, HGER achieves a 25.22% return, which is significantly higher than VWENX's -3.33% return.

HGER

• 1D: 0.23%
• 1M: 6.26%
• YTD: 25.22%
• 6M: 29.21%
• 1Y: 37.94%
• 3Y*: 18.53%
• 5Y*: —
• 10Y*: —

VWENX

• 1D: 2.01%
• 1M: -3.95%
• YTD: -3.33%
• 6M: -0.41%
• 1Y: 14.24%
• 3Y*: 12.74%
• 5Y*: 7.66%
• 10Y*: 9.40%

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

HGER vs. VWENX - Expense Ratio Comparison

HGER has a 0.68% expense ratio, which is higher than VWENX's 0.16% expense ratio.

HGER

Harbor Commodity All-Weather Strategy ETF

VWENX

Vanguard Wellington Fund Admiral Shares

Return for Risk

HGER vs. VWENX — Risk / Return Rank

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

HGER

HGER Risk / Return Rank: 93
HGER Sharpe Ratio Rank: 91
HGER Sortino Ratio Rank: 92
HGER Omega Ratio Rank: 90
HGER Calmar Ratio Rank: 96
HGER Martin Ratio Rank: 94

VWENX

VWENX Risk / Return Rank: 75
VWENX Sharpe Ratio Rank: 69
VWENX Sortino Ratio Rank: 72
VWENX Omega Ratio Rank: 71
VWENX Calmar Ratio Rank: 78
VWENX Martin Ratio Rank: 84

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. VWENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Commodity All-Weather Strategy ETF (HGER) and Vanguard Wellington Fund Admiral Shares (VWENX). 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	VWENX	Difference
Sharpe ratio Return per unit of total volatility	2.11	1.24	+0.87
Sortino ratio Return per unit of downside risk	2.78	1.82	+0.97
Omega ratio Gain probability vs. loss probability	1.39	1.27	+0.12
Calmar ratio Return relative to maximum drawdown	4.35	1.89	+2.45
Martin ratio Return relative to average drawdown	15.38	8.54	+6.85
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. VWENX - Sharpe Ratio Comparison

The current HGER Sharpe Ratio is 2.11, which is higher than the VWENX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of HGER and VWENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HGER	VWENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.24	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.65	+0.25

Correlation

The correlation between HGER and VWENX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HGER vs. VWENX - Dividend Comparison

HGER's dividend yield for the trailing twelve months is around 5.66%, less than VWENX's 12.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGER Harbor Commodity All-Weather Strategy ETF	5.66%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWENX Vanguard Wellington Fund Admiral Shares	12.01%	11.55%	10.85%	6.08%	8.28%	8.72%	7.85%	4.74%	9.58%	5.88%	4.53%	6.58%

Drawdowns

HGER vs. VWENX - Drawdown Comparison

The maximum HGER drawdown since its inception was -23.31%, smaller than the maximum VWENX drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for HGER and VWENX.

Drawdown Indicators

	HGER	VWENX	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	-36.02%	+12.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-8.02%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.33%	—
Current Drawdown Current decline from peak	-0.38%	-4.90%	+4.52%
Average Drawdown Average peak-to-trough decline	-7.90%	-4.38%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.78%	+0.72%

Volatility

HGER vs. VWENX - Volatility Comparison

Harbor Commodity All-Weather Strategy ETF (HGER) has a higher volatility of 7.23% compared to Vanguard Wellington Fund Admiral Shares (VWENX) at 4.06%. This indicates that HGER's price experiences larger fluctuations and is considered to be riskier than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGER	VWENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	4.06%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	14.60%	6.66%	+7.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	11.88%	+6.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	11.12%	+6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.78%	11.50%	+6.28%