VEA vs. HGER
VEA (Vanguard FTSE Developed Markets ETF) and HGER (Harbor Commodity All-Weather Strategy ETF) are both exchange-traded funds - VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, VEA returned 17.14%/yr vs 19.08%/yr for HGER. At a 0.24 correlation, their price movements are largely independent. VEA charges 0.03%/yr vs 0.68%/yr for HGER.
Performance
VEA vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, VEA achieves a 11.59% return, which is significantly lower than HGER's 28.53% return.
VEA
- 1D
- -0.67%
- 1M
- -4.26%
- 6M
- 7.02%
- YTD
- 11.59%
- 1Y
- 25.76%
- 3Y*
- 17.14%
- 5Y*
- 9.55%
- 10Y*
- 9.92%
- ALL TIME*
- 5.03%
HGER
- 1D
- 0.06%
- 1M
- 6.65%
- 6M
- 24.03%
- YTD
- 28.53%
- 1Y
- 37.92%
- 3Y*
- 19.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.35%
VEA vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEA Vanguard FTSE Developed Markets ETF | 11.59% | 35.16% | 3.15% | 17.93% | -14.29% |
HGER Harbor Commodity All-Weather Strategy ETF | 28.53% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between VEA and HGER is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.24 |
The correlation between VEA and HGER shifts across timeframes, from 0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VEA vs. HGER — Risk / Return Rank
VEA
HGER
VEA vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) 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.
| VEA | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.71 | -0.49 |
| Martin ratioReturn relative to average drawdown | 8.35 | 9.68 | -1.33 |
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Drawdowns
VEA vs. HGER - Drawdown Comparison
The maximum VEA drawdown since its inception was -60.68%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for VEA and HGER.
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Drawdown Indicators
| VEA | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.68% | -23.31% | -37.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -14.04% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -14.04% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | — | — |
Current DrawdownCurrent decline from peak | -4.37% | -4.69% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -7.69% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.93% | -0.84% |
Volatility
VEA vs. HGER - Volatility Comparison
The current volatility for Vanguard FTSE Developed Markets ETF (VEA) is 5.31%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 6.11%. This indicates that VEA 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
| VEA | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 6.11% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 15.51% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.09% | 17.57% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 17.68% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 17.68% | -0.50% |
VEA vs. HGER - Expense Ratio Comparison
VEA has a 0.03% expense ratio, which is lower than HGER's 0.68% expense ratio.
Dividends
VEA vs. HGER - Dividend Comparison
VEA's dividend yield for the trailing twelve months is around 2.62%, less than HGER's 5.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGER Harbor Commodity All-Weather Strategy ETF | 5.51% | 7.09% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 2.62% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
VEA and HGER have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGER has higher volatility (6.11%) compared to VEA (5.31%). In terms of maximum drawdown, VEA dropped -60.68% vs HGER's -23.31%.
On 3-year performance, HGER leads with 19.08% vs 17.14% for VEA. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 5.31%. 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 19.08% return vs 17.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEA is cheaper with a 0.03% expense ratio, compared with 0.68% for HGER.
HGER has the higher dividend yield at 5.51%, compared with 2.62% for VEA.
VEA is categorized as Foreign Large Cap Equities, while HGER is Commodities. VEA tracks FTSE Developed All Cap ex US Index, while HGER tracks Quantix Commodity Index - Benchmark TR Net. They also come from different issuers: Vanguard and Harbor. Their fees differ too: 0.03% for VEA and 0.68% for HGER.
HGER currently has the higher Sharpe Ratio (2.17 vs 1.52), 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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