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LBO vs. HGER
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

LBO vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WHITEWOLF Publicly Listed Private Equity ETF (LBO) and Harbor Commodity All-Weather Strategy ETF (HGER). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LBO achieves a -10.41% return, which is significantly lower than HGER's 29.53% return.


LBO

1D
0.99%
1M
3.40%
6M
-7.82%
YTD
-10.41%
1Y
-14.55%
3Y*
5Y*
10Y*
ALL TIME*
6.37%

HGER

1D
0.00%
1M
8.43%
6M
20.19%
YTD
29.53%
1Y
41.17%
3Y*
18.61%
5Y*
10Y*
ALL TIME*
15.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$46.51M$66.72M$45.77M
$3.76K$7.07K$41.04K

LBO vs. HGER - Yearly Performance Comparison


2026 (YTD)202520242023
LBO
WHITEWOLF Publicly Listed Private Equity ETF
-10.41%-6.41%30.93%7.39%
HGER
Harbor Commodity All-Weather Strategy ETF
29.53%20.08%9.25%-2.11%

Correlation

The correlation between LBO and HGER is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.


Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.09

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2023

0.04

The correlation between LBO and HGER shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

LBO vs. HGER — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LBO
LBO Risk / Return Rank: 44
Overall Rank
LBO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
LBO Sortino Ratio Rank: 44
Sortino Ratio Rank
LBO Omega Ratio Rank: 44
Omega Ratio Rank
LBO Calmar Ratio Rank: 55
Calmar Ratio Rank
LBO Martin Ratio Rank: 44
Martin Ratio Rank

HGER
HGER Risk / Return Rank: 8686
Overall Rank
HGER Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HGER Sortino Ratio Rank: 8989
Sortino Ratio Rank
HGER Omega Ratio Rank: 8989
Omega Ratio Rank
HGER Calmar Ratio Rank: 8080
Calmar Ratio Rank
HGER Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LBO vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WHITEWOLF Publicly Listed Private Equity ETF (LBO) 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.


LBOHGERDifference
Sharpe ratioReturn per unit of total volatility

-3.00

Sortino ratioReturn per unit of downside risk

-3.92

Omega ratioGain probability vs. loss probability

0.89

1.41

-0.51

Calmar ratioReturn relative to maximum drawdown

-0.59

2.87

-3.46

Martin ratioReturn relative to average drawdown

-1.10

10.23

-11.34

LBO vs. HGER - Sharpe Ratio Comparison

The current LBO Sharpe Ratio is -0.72, which is lower than the HGER Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of LBO 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.


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Drawdowns

LBO vs. HGER - Drawdown Comparison

The maximum LBO drawdown since its inception was -31.40%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for LBO and HGER.


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Drawdown Indicators


LBOHGERDifference

Max Drawdown

Largest peak-to-trough decline

-31.40%

-23.31%

-8.09%

Max Drawdown (1Y)

Largest decline over 1 year

-27.32%

-14.04%

-13.28%

Max Drawdown (3Y)

Largest decline over 3 years

-14.04%

Current Drawdown

Current decline from peak

-21.24%

-3.94%

-17.30%

Average Drawdown

Average peak-to-trough decline

-9.21%

-7.66%

-1.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.51%

3.94%

+10.57%

Volatility

LBO vs. HGER - Volatility Comparison

WHITEWOLF Publicly Listed Private Equity ETF (LBO) and Harbor Commodity All-Weather Strategy ETF (HGER) have volatilities of 5.58% and 5.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


LBOHGERDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.58%

5.64%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

18.33%

15.43%

+2.90%

Volatility (1Y)

Calculated over the trailing 1-year period

22.30%

17.71%

+4.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.15%

17.67%

+3.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.15%

17.67%

+3.48%

LBO vs. HGER - Expense Ratio Comparison

LBO has a 0.70% expense ratio, which is higher than HGER's 0.68% expense ratio.


Dividends

LBO vs. HGER - Dividend Comparison

LBO's dividend yield for the trailing twelve months is around 6.64%, more than HGER's 5.47% yield.


PositionTTM2025202420232022
HGER
Harbor Commodity All-Weather Strategy ETF
5.47%7.09%3.28%7.24%0.64%
LBO
WHITEWOLF Publicly Listed Private Equity ETF
6.64%7.04%5.79%1.20%0.00%

Frequently Asked Questions


LBO and HGER have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HGER has higher volatility (5.64%) compared to LBO (5.58%). In terms of maximum drawdown, LBO dropped -31.40% vs HGER's -23.31%.

On 1-year performance, HGER leads with 41.17% vs -14.55% for LBO. On fees, HGER is cheaper at 0.68% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HGER has performed better with a 41.17% return vs -14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HGER is cheaper with a 0.68% expense ratio, compared with 0.70% for LBO.

LBO has the higher dividend yield at 6.64%, compared with 5.47% for HGER.

LBO is categorized as Financials Equities, while HGER is Commodities. They also come from different issuers: Alpha Architect and Harbor. Their fees differ too: 0.70% for LBO and 0.68% for HGER.

HGER currently has the higher Sharpe Ratio (2.28 vs -0.72), 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.

Portfolio Optimizer

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