SBU vs. HGER

Last updated Aug 1, 2026

SBU (Leverage Shares 2X Long SBUX Daily ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - SBU is a Leveraged Equities fund actively managed by Leverage Shares, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. SBU is actively managed, while HGER is passively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. SBU charges 0.75%/yr vs 0.68%/yr for HGER.

Performance

SBU vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SBUX Daily ETF (SBU) 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, SBU achieves a 37.13% return, which is significantly higher than HGER's 29.53% return.

SBU

• 1D: 0.00%
• 1M: -3.16%
• 6M: 17.32%
• YTD: 37.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HGER Harbor Commodity All-Weather Strategy ETF	$46.51M	$66.72M	$45.77M
SBU Leverage Shares 2X Long SBUX Daily ETF	$33.21K	$56.12K	$82.59K

SBU vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025
SBU Leverage Shares 2X Long SBUX Daily ETF	37.13%	-6.03%
HGER Harbor Commodity All-Weather Strategy ETF	29.53%	-0.48%

Correlation

The correlation between SBU and HGER is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.08

Return for Risk

SBU vs. HGER — Risk / Return Rank

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

SBU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HGER

HGER Risk / Return Rank: 86
HGER Sharpe Ratio Rank: 91
HGER Sortino Ratio Rank: 89
HGER Omega Ratio Rank: 89
HGER Calmar Ratio Rank: 80
HGER Martin Ratio Rank: 80

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.

SBU vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SBUX Daily ETF (SBU) 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.

	SBU	HGER	Difference
Sharpe ratio: Return per unit of total volatility	—	2.28	—
Sortino ratio: Return per unit of downside risk	—	3.02	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	2.87	—
Martin ratio: Return relative to average drawdown	—	10.23	—

Drawdowns

SBU vs. HGER - Drawdown Comparison

The maximum SBU drawdown since its inception was -28.10%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for SBU and HGER.

Drawdown Indicators

	SBU	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-28.10%	-23.31%	-4.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.04%	—
Current Drawdown Current decline from peak	-9.87%	-3.94%	-5.93%
Average Drawdown Average peak-to-trough decline	-7.34%	-7.66%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.94%	—

Volatility

Volatility by Period

	SBU	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	57.01%	17.71%	+39.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.01%	17.67%	+39.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.01%	17.67%	+39.34%

SBU vs. HGER - Expense Ratio Comparison

SBU has a 0.75% expense ratio, which is higher than HGER's 0.68% expense ratio.

Dividends

SBU vs. HGER - Dividend Comparison

SBU has not paid dividends to shareholders, while HGER's dividend yield for the trailing twelve months is around 5.47%.

Position	TTM	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	5.47%	7.09%	3.28%	7.24%	0.64%
SBU Leverage Shares 2X Long SBUX Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBU and HGER in my portfolio?

SBU and HGER have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBU or HGER?

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.

Which ETF is cheaper, SBU or HGER?

HGER is cheaper with a 0.68% expense ratio, compared with 0.75% for SBU.

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

HGER has the higher dividend yield at 5.47%, compared with 0.00% for SBU.

What is the main difference between SBU and HGER?

SBU is categorized as Leveraged Equities, while HGER is Commodities. They also come from different issuers: Leverage Shares and Harbor. Their fees differ too: 0.75% for SBU and 0.68% for HGER.