HOLD vs. HF

Last updated Jun 6, 2026

HOLD (Harbor Alpha Layering ETF) and HF (DGA Core Plus Absolute Return ETF) are both Multistrategy funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. HOLD charges 0.70%/yr vs 1.70%/yr for HF.

Performance

HOLD vs. HF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Alpha Layering ETF (HOLD) and DGA Core Plus Absolute Return ETF (HF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOLD achieves a 11.09% return, which is significantly higher than HF's 4.33% return.

HOLD

• 1D: -2.41%
• 1M: 1.15%
• YTD: 11.09%
• 6M: 11.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HF

• 1D: -1.42%
• 1M: 0.65%
• YTD: 4.33%
• 6M: 4.44%
• 1Y: 11.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLD vs. HF - Yearly Performance Comparison

	2026 (YTD)	2025
HOLD Harbor Alpha Layering ETF	11.09%	8.60%
HF DGA Core Plus Absolute Return ETF	4.33%	2.34%

Correlation

The correlation between HOLD and HF is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 15, 2025	0.67

Return for Risk

HOLD vs. HF — Risk / Return Rank

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

HF

HF Risk / Return Rank: 75
HF Sharpe Ratio Rank: 72
HF Sortino Ratio Rank: 74
HF Omega Ratio Rank: 77
HF Calmar Ratio Rank: 77
HF Martin Ratio Rank: 75

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.

HOLD vs. HF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) and DGA Core Plus Absolute Return ETF (HF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOLD	HF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	1.38	+0.33

Drawdowns

HOLD vs. HF - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, which is greater than HF's maximum drawdown of -5.94%. Use the drawdown chart below to compare losses from any high point for HOLD and HF.

Drawdown Indicators

	HOLD	HF	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-5.94%	-3.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.14%	—
Current Drawdown Current decline from peak	-2.59%	-1.42%	-1.17%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.63%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.86%	—

Volatility

Volatility by Period

	HOLD	HF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	5.33%	+10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	6.30%	+9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	6.30%	+9.11%

HOLD vs. HF - Expense Ratio Comparison

HOLD has a 0.70% expense ratio, which is lower than HF's 1.70% expense ratio.

Dividends

HOLD vs. HF - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 6.59%, more than HF's 0.90% yield.

Position	TTM	2025	2024	2023
HF DGA Core Plus Absolute Return ETF	0.90%	0.94%	11.18%	2.49%
HOLD Harbor Alpha Layering ETF	6.59%	7.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOLD and HF in my portfolio?

HOLD and HF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOLD or HF?

On fees, HOLD is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOLD or HF?

HOLD is cheaper with a 0.70% expense ratio, compared with 1.70% for HF.

Which ETF pays a higher dividend yield, HOLD or HF?

HOLD has the higher dividend yield at 6.59%, compared with 0.90% for HF.

What is the main difference between HOLD and HF?

They also come from different issuers: Harbor and Days Global Advisors. Their fees differ too: 0.70% for HOLD and 1.70% for HF.