V vs. HGER

Last updated Jun 5, 2026

V (Visa Inc.) 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, V returned 13.04%/yr vs 20.87%/yr for HGER. At a 0.02 correlation, their price movements are largely independent.

Performance

V vs. HGER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) 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, V achieves a -8.33% return, which is significantly lower than HGER's 27.03% return.

V

• 1D: 2.49%
• 1M: -0.37%
• YTD: -8.33%
• 6M: -1.71%
• 1Y: -12.31%
• 3Y*: 13.04%
• 5Y*: 7.63%
• 10Y*: 15.61%

HGER

• 1D: -0.85%
• 1M: -3.84%
• YTD: 27.03%
• 6M: 26.30%
• 1Y: 39.42%
• 3Y*: 20.87%
• 5Y*: —
• 10Y*: —

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

V vs. HGER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
V Visa Inc.	-8.33%	11.76%	22.32%	26.31%	-7.36%
HGER Harbor Commodity All-Weather Strategy ETF	27.03%	20.08%	9.25%	1.93%	9.77%

Correlation

The correlation between V and HGER is -0.15, 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	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.02

The correlation between V and HGER shifts across timeframes, from -0.15 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

V vs. HGER — Risk / Return Rank

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

V

V Risk / Return Rank: 18
V Sharpe Ratio Rank: 17
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 20
V Martin Ratio Rank: 18

HGER

HGER Risk / Return Rank: 77
HGER Sharpe Ratio Rank: 73
HGER Sortino Ratio Rank: 68
HGER Omega Ratio Rank: 74
HGER Calmar Ratio Rank: 87
HGER Martin Ratio Rank: 82

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.

V vs. HGER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	HGER	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	2.35	-2.90
Sortino ratio: Return per unit of downside risk	-0.67	3.06	-3.74
Omega ratio: Gain probability vs. loss probability	0.92	1.43	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.61	4.90	-5.50
Martin ratio: Return relative to average drawdown	-1.12	16.29	-17.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V vs. HGER - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.56, which is lower than the HGER Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of V 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.

Sharpe Ratios by Period

	V	HGER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	2.35	-2.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.89	-0.20

Drawdowns

V vs. HGER - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for V and HGER.

Drawdown Indicators

	V	HGER	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-23.31%	-28.59%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-8.09%	-12.29%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-8.84%	-11.54%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	—	—
Current Drawdown Current decline from peak	-13.55%	-5.80%	-7.75%
Average Drawdown Average peak-to-trough decline	-8.26%	-7.65%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.97%	2.43%	+8.54%

Volatility

V vs. HGER - Volatility Comparison

Visa Inc. (V) has a higher volatility of 5.65% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 4.06%. This indicates that V'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

	V	HGER	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	4.06%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	17.44%	14.55%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	22.25%	16.90%	+5.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.79%	17.61%	+5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	17.61%	+6.85%

Dividends

V vs. HGER - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, less than HGER's 5.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGER Harbor Commodity All-Weather Strategy ETF	5.58%	7.09%	3.28%	7.24%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and HGER in my portfolio?

V and HGER have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or HGER?

V has higher volatility (5.65%) compared to HGER (4.06%). In terms of maximum drawdown, V dropped -51.90% vs HGER's -23.31%.

Which has better risk-adjusted returns?

HGER currently has the higher Sharpe Ratio (2.35 vs -0.56), 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.