HOLD vs. HGER
HOLD (Harbor Alpha Layering ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - HOLD is a Multistrategy fund actively managed by Harbor, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. HOLD is actively managed, while HGER is passively managed. At a 0.29 correlation, their price movements are largely independent. HOLD charges 0.70%/yr vs 0.68%/yr for HGER.
Performance
HOLD vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, HOLD achieves a 4.51% return, which is significantly lower than HGER's 17.85% return.
HOLD
- 1D
- -0.42%
- 1M
- -6.93%
- YTD
- 4.51%
- 6M
- 1.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HGER
- 1D
- -0.44%
- 1M
- -6.94%
- YTD
- 17.85%
- 6M
- 15.98%
- 1Y
- 28.80%
- 3Y*
- 18.02%
- 5Y*
- —
- 10Y*
- —
HOLD vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOLD Harbor Alpha Layering ETF | 4.51% | 8.77% |
HGER Harbor Commodity All-Weather Strategy ETF | 17.85% | 9.16% |
Correlation
The correlation between HOLD and HGER is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025 | 0.29 |
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Return for Risk
HOLD vs. HGER — Risk / Return Rank
HOLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HGER
HOLD vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) and Harbor Commodity All-Weather Strategy ETF (HGER). 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.
| HOLD | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.06 | — |
| Martin ratioReturn relative to average drawdown | — | 8.77 | — |
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Drawdowns
HOLD vs. HGER - Drawdown Comparison
The maximum HOLD drawdown since its inception was -9.47%, smaller than the maximum HGER drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for HOLD and HGER.
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Drawdown Indicators
| HOLD | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.47% | -23.31% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.04% | — |
Current DrawdownCurrent decline from peak | -8.37% | -12.61% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -7.69% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.29% | — |
Volatility
HOLD vs. HGER - Volatility Comparison
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Volatility by Period
| HOLD | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.62% | 16.97% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 17.63% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 17.63% | -2.01% |
HOLD vs. HGER - Expense Ratio Comparison
HOLD has a 0.70% expense ratio, which is higher than HGER's 0.68% expense ratio.
Dividends
HOLD vs. HGER - Dividend Comparison
HOLD's dividend yield for the trailing twelve months is around 7.00%, more than HGER's 6.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 6.01% | 7.09% | 3.28% | 7.24% | 0.64% |
HOLD Harbor Alpha Layering ETF | 7.00% | 7.32% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HOLD and HGER have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGER is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGER is cheaper with a 0.68% expense ratio, compared with 0.70% for HOLD.
HOLD has the higher dividend yield at 7.00%, compared with 6.01% for HGER.
HOLD is categorized as Multistrategy, while HGER is Commodities. Their fees differ too: 0.70% for HOLD and 0.68% for HGER.
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