LLY vs. HGER

Last updated Jul 11, 2026

LLY (Eli Lilly and Company) is a stock, while HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Over the past 3 years, LLY returned 40.33%/yr vs 18.60%/yr for HGER. At a correlation of -0.02, they often move in opposite directions.

Performance

LLY vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eli Lilly and Company (LLY) 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, LLY achieves a 10.97% return, which is significantly lower than HGER's 23.17% return.

LLY

• 1D: -2.33%
• 1M: 2.38%
• 6M: 12.13%
• YTD: 10.97%
• 1Y: 50.94%
• 3Y*: 40.33%
• 5Y*: 39.60%
• 10Y*: 33.16%

HGER

• 1D: -0.84%
• 1M: 0.86%
• 6M: 20.50%
• YTD: 23.17%
• 1Y: 31.96%
• 3Y*: 18.60%
• 5Y*: —
• 10Y*: —

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

LLY vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LLY Eli Lilly and Company	10.97%	40.25%	33.30%	60.91%	52.44%
HGER Harbor Commodity All-Weather Strategy ETF	23.17%	20.08%	9.25%	1.93%	9.66%

Correlation

The correlation between LLY and HGER is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	-0.02

The correlation between LLY and HGER shifts across timeframes, from -0.18 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LLY vs. HGER — Risk / Return Rank

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

LLY

LLY Risk / Return Rank: 80
LLY Sharpe Ratio Rank: 83
LLY Sortino Ratio Rank: 78
LLY Omega Ratio Rank: 79
LLY Calmar Ratio Rank: 81
LLY Martin Ratio Rank: 81

HGER

HGER Risk / Return Rank: 69
HGER Sharpe Ratio Rank: 76
HGER Sortino Ratio Rank: 72
HGER Omega Ratio Rank: 75
HGER Calmar Ratio Rank: 60
HGER Martin Ratio Rank: 62

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.

LLY vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eli Lilly and Company (LLY) 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.

	LLY	HGER	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.93	-0.59
Sortino ratio: Return per unit of downside risk	1.93	2.61	-0.68
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	2.23	2.39	-0.16
Martin ratio: Return relative to average drawdown	5.56	8.73	-3.17

LLY vs. HGER - Sharpe Ratio Comparison

The current LLY Sharpe Ratio is 1.33, which is lower than the HGER Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of LLY 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

LLY vs. HGER - Drawdown Comparison

The maximum LLY drawdown since its inception was -68.24%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for LLY and HGER.

Drawdown Indicators

	LLY	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-68.24%	-23.31%	-44.93%
Max Drawdown (1Y) Largest decline over 1 year	-23.18%	-14.04%	-9.14%
Max Drawdown (3Y) Largest decline over 3 years	-34.48%	-14.04%	-20.44%
Max Drawdown (5Y) Largest decline over 5 years	-34.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.48%	—	—
Current Drawdown Current decline from peak	-3.80%	-8.66%	+4.86%
Average Drawdown Average peak-to-trough decline	-19.19%	-7.71%	-11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.27%	3.83%	+5.44%

Volatility

LLY vs. HGER - Volatility Comparison

Eli Lilly and Company (LLY) has a higher volatility of 9.93% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 5.75%. This indicates that LLY's price experiences larger fluctuations and is considered to be riskier than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLY	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	5.75%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	27.64%	15.35%	+12.29%
Volatility (1Y) Calculated over the trailing 1-year period	38.71%	17.37%	+21.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.51%	17.67%	+14.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.30%	17.67%	+12.63%

Dividends

LLY vs. HGER - Dividend Comparison

LLY's dividend yield for the trailing twelve months is around 0.54%, less than HGER's 5.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGER Harbor Commodity All-Weather Strategy ETF	5.75%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LLY Eli Lilly and Company	0.54%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%

Frequently Asked Questions

Can I hold both LLY and HGER in my portfolio?

LLY and HGER have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLY or HGER?

LLY has higher volatility (9.93%) compared to HGER (5.75%). In terms of maximum drawdown, LLY dropped -68.24% vs HGER's -23.31%.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (1.93 vs 1.33), 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.