IDVO vs. HGER

Last updated Jul 21, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. IDVO is actively managed, while HGER is passively managed. Over the past 3 years, IDVO returned 20.92%/yr vs 19.08%/yr for HGER. At a 0.35 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.68%/yr for HGER.

Performance

IDVO vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Harbor Commodity All-Weather Strategy ETF (HGER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVO achieves a 12.22% return, which is significantly lower than HGER's 28.53% return.

IDVO

• 1D: -0.38%
• 1M: -0.99%
• 6M: 4.02%
• YTD: 12.22%
• 1Y: 30.16%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.32%

HGER

• 1D: 0.06%
• 1M: 6.65%
• 6M: 24.03%
• YTD: 28.53%
• 1Y: 37.92%
• 3Y*: 19.08%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.35%

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

IDVO vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	12.22%	36.46%	10.16%	17.53%	6.42%
HGER Harbor Commodity All-Weather Strategy ETF	28.53%	20.08%	9.25%	1.93%	7.09%

Correlation

The correlation between IDVO and HGER is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.35

Over the past year, the correlation between IDVO and HGER has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

IDVO vs. HGER — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 76
IDVO Sharpe Ratio Rank: 78
IDVO Sortino Ratio Rank: 74
IDVO Omega Ratio Rank: 76
IDVO Calmar Ratio Rank: 77
IDVO Martin Ratio Rank: 78

HGER

HGER Risk / Return Rank: 80
HGER Sharpe Ratio Rank: 87
HGER Sortino Ratio Rank: 84
HGER Omega Ratio Rank: 86
HGER Calmar Ratio Rank: 73
HGER Martin Ratio Rank: 72

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.

IDVO vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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.

	IDVO	HGER	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.17	-0.33
Sortino ratio: Return per unit of downside risk	2.50	2.90	-0.40
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.92	2.71	+0.21
Martin ratio: Return relative to average drawdown	10.74	9.68	+1.06

IDVO vs. HGER - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 1.85, which is comparable to the HGER Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IDVO and HGER, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDVO vs. HGER - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum HGER drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for IDVO and HGER.

Drawdown Indicators

	IDVO	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-23.31%	+7.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-14.04%	+3.67%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-14.04%	-1.42%
Current Drawdown Current decline from peak	-2.90%	-4.69%	+1.79%
Average Drawdown Average peak-to-trough decline	-2.30%	-7.69%	+5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.93%	-1.12%

Volatility

IDVO vs. HGER - Volatility Comparison

The current volatility for Amplify CWP International Enhanced Dividend Income ETF (IDVO) is 3.51%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 6.11%. This indicates that IDVO experiences smaller price fluctuations and is considered to be less risky than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	6.11%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	15.51%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	16.45%	17.57%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	17.68%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.40%	17.68%	-1.28%

IDVO vs. HGER - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is lower than HGER's 0.68% expense ratio.

Dividends

IDVO vs. HGER - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.69%, more than HGER's 5.51% yield.

Position	TTM	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	5.51%	7.09%	3.28%	7.24%	0.64%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.69%	5.42%	6.14%	5.72%	1.96%

Frequently Asked Questions

Can I hold both IDVO and HGER in my portfolio?

IDVO and HGER have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDVO or HGER?

HGER has higher volatility (6.11%) compared to IDVO (3.51%). In terms of maximum drawdown, IDVO dropped -15.46% vs HGER's -23.31%.

Which ETF is better, IDVO or HGER?

On 3-year performance, IDVO leads with 20.92% vs 19.08% for HGER. On fees, IDVO is cheaper at 0.65% per year. On volatility, IDVO has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or HGER?

Over the 3-year period, IDVO has performed better with a 20.92% return vs 19.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or HGER?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.68% for HGER.

Which ETF pays a higher dividend yield, IDVO or HGER?

IDVO has the higher dividend yield at 5.69%, compared with 5.51% for HGER.

What is the main difference between IDVO and HGER?

IDVO is categorized as Derivative Income, while HGER is Commodities. They also come from different issuers: Amplify and Harbor. Their fees differ too: 0.65% for IDVO and 0.68% for HGER.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.17 vs 1.85), 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.