SGRW vs. HGER

Last updated Jul 1, 2026

SGRW (Harbor Active Small Cap Growth ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - SGRW is a Small Cap Growth Equities fund actively managed by Harbor, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. SGRW is actively managed, while HGER is passively managed. At a correlation of -0.13, they often move in opposite directions.

Performance

SGRW vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Active Small Cap Growth ETF (SGRW) and Harbor Commodity All-Weather Strategy ETF (HGER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SGRW

• 1D: 2.17%
• 1M: 12.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HGER

• 1D: 1.35%
• 1M: -7.15%
• YTD: 18.21%
• 6M: 18.02%
• 1Y: 29.36%
• 3Y*: 17.82%
• 5Y*: —
• 10Y*: —

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

SGRW vs. HGER - Yearly Performance Comparison

	2026 (YTD)
SGRW Harbor Active Small Cap Growth ETF	30.61%
HGER Harbor Commodity All-Weather Strategy ETF	13.41%

Correlation

The correlation between SGRW and HGER is -0.13, 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 (All Time) Calculated using the full available price history since Jan 15, 2026	-0.13

Return for Risk

SGRW vs. HGER — Risk / Return Rank

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

SGRW

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

HGER

HGER Risk / Return Rank: 57
HGER Sharpe Ratio Rank: 62
HGER Sortino Ratio Rank: 57
HGER Omega Ratio Rank: 62
HGER Calmar Ratio Rank: 49
HGER Martin Ratio Rank: 56

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.

SGRW vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Active Small Cap Growth ETF (SGRW) 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.

	SGRW	HGER	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.35	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.10	—
Martin ratio: Return relative to average drawdown	—	8.44	—

Drawdowns

SGRW vs. HGER - Drawdown Comparison

The maximum SGRW drawdown since its inception was -16.25%, smaller than the maximum HGER drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for SGRW and HGER.

Drawdown Indicators

	SGRW	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-23.31%	+7.06%
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	0.00%	-12.34%	+12.34%
Average Drawdown Average peak-to-trough decline	-4.11%	-7.69%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.49%	—

Volatility

Volatility by Period

	SGRW	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.62%	17.01%	+10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.62%	17.63%	+9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.62%	17.63%	+9.99%

Dividends

SGRW vs. HGER - Dividend Comparison

SGRW has not paid dividends to shareholders, while HGER's dividend yield for the trailing twelve months is around 5.99%.

Position	TTM	2025	2024	2023	2022
HGER Harbor Commodity All-Weather Strategy ETF	5.99%	7.09%	3.28%	7.24%	0.64%
SGRW Harbor Active Small Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGRW and HGER in my portfolio?

SGRW and HGER have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

HGER has the higher dividend yield at 5.99%, compared with 0.00% for SGRW.

What is the main difference between SGRW and HGER?

SGRW is categorized as Small Cap Growth Equities, while HGER is Commodities.