PAWZ vs. HGER
PAWZ (ProShares Pet Care ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - PAWZ is a Global Equities fund tracking the FactSet Pet Care Index, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, PAWZ returned 0.04%/yr vs 18.57%/yr for HGER. At a 0.09 correlation, their price movements are largely independent. PAWZ charges 0.50%/yr vs 0.68%/yr for HGER.
Performance
PAWZ vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -10.10% return, which is significantly lower than HGER's 21.96% return.
PAWZ
- 1D
- 0.32%
- 1M
- 3.89%
- 6M
- -11.01%
- YTD
- -10.10%
- 1Y
- -15.01%
- 3Y*
- 0.04%
- 5Y*
- -9.18%
- 10Y*
- —
HGER
- 1D
- -0.69%
- 1M
- -1.69%
- 6M
- 20.07%
- YTD
- 21.96%
- 1Y
- 30.93%
- 3Y*
- 18.57%
- 5Y*
- —
- 10Y*
- —
PAWZ vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -10.10% | 1.21% | 3.88% | 12.47% | -30.71% |
HGER Harbor Commodity All-Weather Strategy ETF | 21.96% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between PAWZ and HGER is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.09 |
The correlation between PAWZ and HGER shifts across timeframes, from -0.12 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAWZ vs. HGER — Risk / Return Rank
PAWZ
HGER
PAWZ vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.
| PAWZ | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.33 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.21 | -2.93 |
| Martin ratioReturn relative to average drawdown | -1.54 | 8.31 | -9.85 |
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Drawdowns
PAWZ vs. HGER - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for PAWZ and HGER.
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Drawdown Indicators
| PAWZ | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -23.31% | -26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -21.10% | -14.04% | -7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -14.04% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | — | — |
Current DrawdownCurrent decline from peak | -40.19% | -9.56% | -30.63% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -7.70% | -15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.75% | 3.73% | +6.02% |
Volatility
PAWZ vs. HGER - Volatility Comparison
The current volatility for ProShares Pet Care ETF (PAWZ) is 5.29%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 5.77%. This indicates that PAWZ 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.
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Volatility by Period
| PAWZ | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.77% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 15.30% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 17.23% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 17.65% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 17.65% | +3.99% |
PAWZ vs. HGER - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is lower than HGER's 0.68% expense ratio.
Dividends
PAWZ vs. HGER - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.71%, less than HGER's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 5.81% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% |
PAWZ ProShares Pet Care ETF | 0.71% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
Frequently Asked Questions
PAWZ and HGER have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (5.77%) compared to PAWZ (5.29%). In terms of maximum drawdown, PAWZ dropped -50.07% vs HGER's -23.31%.
On 3-year performance, HGER leads with 18.57% vs 0.04% for PAWZ. On fees, PAWZ is cheaper at 0.50% per year. On volatility, PAWZ has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HGER has performed better with a 18.57% return vs 0.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAWZ is cheaper with a 0.50% expense ratio, compared with 0.68% for HGER.
HGER has the higher dividend yield at 5.81%, compared with 0.71% for PAWZ.
PAWZ is categorized as Global Equities, while HGER is Commodities. PAWZ tracks FactSet Pet Care Index, while HGER tracks Quantix Commodity Index - Benchmark TR Net. They also come from different issuers: ProShares and Harbor. Their fees differ too: 0.50% for PAWZ and 0.68% for HGER.
HGER currently has the higher Sharpe Ratio (1.80 vs -0.89), 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.
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