Harbor Commodity All-Weather Strategy ETF (HGER)


Market Price (7/19/2026): $31.85

Harbor Commodity All-Weather Strategy ETF (HGER)


Market Price (7/19/2026): $31.85

Key Takeaways

  • HGER has returned +28.4% YTD vs +9.3% for SPY; +37.8% over the past 12 months (SPY +19.4%). details →
  • Priced in gold, HGER has returned -16.1% over the past 3 years, vs +70.0% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, HGER has seen net inflows of +$90M (+2.7% of assets). details →
  • HGER's +28.4% YTD is ahead of its typical pace — it averaged +6.5% at this point (July 18) over the past 3 years. details →
Last updated: 7/18/2026.

Price Chart

Asset Allocation with HGER

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.0%
Volatility
10.8%
Sharpe
0.85
YTD
+6.1%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Top 20 Holdings for HGER

Total Weights
Top 5: N/A | Top 10: N/A | Top 20: N/A

Ticker

Performance for HGER Top Holdings

TickerHoldingWeightMkt Price
7/18
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
HGERHarbor Commodity All-Weather Strategy ETF100.00%31.880.0%6.6%28.4%37.8%70.0%  

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HGER Return-10%2%9%20%27%86%
Peers Return37%18%-6%4%5%27%110%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
HGER Win Rate-64%42%58%75%71% 
Peers Win Rate75%58%27%45%70%77% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
HGER Max Drawdown---11%-9%-9%-14% 
Peers Max Drawdown-12%-23%-10%-11%-12%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PDBC, DBC, COMT, GSG, BCI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/17/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
HGER1.400.920.58
Commodity Top Results (3Y)   
SGOL1.371.410.98
BAR1.291.390.96
SIVR1.791.220.76
GLDM0.731.100.79
IAU0.731.100.79

Results as of 6302026.

HGER Dip Buy History


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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
XLGInvesco S&P 500 Top 50 ETF-6.0%60.71718202664.59601202647
MAGSRoundhill Magnificent Seven ETF-5.7%66.91718202670.94514202665
QQQInvesco QQQ Trust, Series 1-6.8%695.337182026746.16602202646
QQQMInvesco NASDAQ 100 ETF-6.8%286.317182026307.23602202646
ONEQFidelity Nasdaq Composite Index ETF-5.9%100.457182026106.70602202646
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF-5.1%153.547182026161.85601202647
SCHMSchwab U.S. Mid-Cap ETF-5.1%34.99718202636.87630202618
SCHASchwab U.S. Small-Cap ETF-5.8%34.05718202636.13630202618
VUGVanguard Growth ETF-5.5%85.27718202690.19601202647
IWFiShares Russell 1000 Growth ETF-7.3%119.387182026128.77601202647
IVWiShares S&P 500 Growth ETF-5.2%134.267182026141.59601202647
SPYGState Street SPDR Portfolio S&P 500 Growth ETF-5.2%116.257182026122.60601202647
VONGVanguard Russell 1000 Growth ETF-7.1%122.957182026132.35601202647
MGKVanguard Mega Cap Growth ETF-5.6%86.83718202691.97601202647
AKREAkre Focus ETF-11.2%56.18718202663.281192026180
IWPiShares Russell Mid-Cap Growth ETF-6.0%137.597182026146.41630202618
VBKVanguard Small-Cap Growth ETF-5.8%344.587182026365.70630202618
COROiShares International Country Rotation Active ETF-5.5%35.28718202637.32622202626
VSSVanguard FTSE All-World EX-US Small-Cap Index Fund-6.8%150.737182026161.79511202668
SCHCSchwab International Small-Cap Equity ETF-7.3%47.79718202651.543012026139
IEMGiShares Core MSCI Emerging Markets ETF-10.5%76.98718202686.00622202626
VWOVanguard FTSE Emerging Markets ETF-5.6%57.84718202661.24622202626
EEMiShares MSCI Emerging Markets ETF-11.1%63.29718202671.21622202626
SPEMState Street SPDR Portfolio Emerging Markets ETF-6.0%50.19718202653.39602202646
SCHESchwab Emerging Markets Equity ETF-5.0%35.36718202637.24622202626
FNDESchwab Fundamental Emerging Markets Equity ETF-5.3%40.12718202642.35602202646
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-9.8%33.63718202637.30622202626
EWYiShares MSCI South Korea ETF-25.8%162.547182026219.20621202627
EWZiShares MSCI Brazil ETF-15.6%35.23718202641.73414202695
FXIiShares China Large-Cap ETF-16.3%34.13718202640.781292026170
ILFiShares Latin America 40 ETF-10.6%34.07718202638.10414202695
KWEBKraneShares CSI China Internet ETF-26.1%26.81718202636.291292026170
QQQINEOS Nasdaq 100 High Income ETF-6.0%54.21718202657.69602202646
MTUMiShares MSCI USA Momentum Factor ETF-12.5%302.097182026345.22622202626
SPHQInvesco S&P 500 Quality ETF-5.9%84.78718202690.10630202618
SPMOInvesco S&P 500 Momentum ETF-11.0%143.897182026161.66622202626
VLUEiShares MSCI USA Value Factor ETF-7.4%189.357182026204.59625202623
ARKKARK Innovation ETF-10.1%75.20718202683.61706202612
URAGlobal X Uranium ETF-37.3%38.73718202661.811282026171
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-17.4%34.40718202641.63513202666
ROBOROBO Global Robotics & Automation Index ETF-13.8%77.89718202690.34602202646
LITGlobal X Lithium & Battery Tech ETF-25.4%68.38718202691.62511202668
ICLNiShares Global Clean Energy ETF-22.7%18.37718202623.75602202646
ARKQARK Autonomous Technology & Robotics ETF-19.2%116.147182026143.82528202651
ARKWARK Next Generation Internet ETF-8.1%141.767182026154.18601202647
ARKXARK Space & Defense Innovation ETF-19.7%30.30718202637.74528202651
NASATema Space Innovators ETF-45.1%22.99718202641.89527202652
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-9.6%19.30718202621.34706202612
AGIXKraneShares Artificial Intelligence ETF-13.8%42.56718202649.40601202647
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-13.4%60.94718202670.39511202668
RAAXVanEck Real Assets ETF-7.9%39.33718202642.70511202668
VGTVanguard Information Technology ETF-10.0%113.107182026125.62602202646
XLKState Street Technology Select Sector SPDR ETF-11.4%175.597182026198.21602202646
XLEState Street Energy Select Sector SPDR ETF-7.8%57.68718202662.563292026111
XLCState Street Communication Services Select Sector SPDR ETF-7.6%110.657182026119.702012026167
XLYState Street Consumer Discretionary Select Sector SPDR ETF-6.1%115.447182026122.881252026174
XLBState Street Materials Select Sector SPDR ETF-5.3%50.53718202653.382112026157
IYMiShares U.S. Basic Materials ETF-8.0%173.947182026189.083022026138
FXNFirst Trust Energy AlphaDEX Fund-7.9%21.36718202623.183292026111
SMHVanEck Semiconductor ETF-16.8%556.537182026668.91622202626
SOXXiShares Semiconductor ETF-20.3%521.817182026655.01622202626
XBIState Street SPDR S&P Biotech ETF-6.1%154.267182026164.2870920269
ITAiShares U.S. Aerospace & Defense ETF-8.0%230.737182026250.78706202612
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-9.6%170.187182026188.183292026111
IGViShares Expanded Tech-Software Sector ETF-13.8%92.807182026107.70601202647
MISLFirst Trust Indxx Aerospace & Defense ETF-16.6%42.53718202650.981192026180
RINGiShares MSCI Global Gold Miners ETF-38.7%60.92718202699.423012026139
SOXQInvesco PHLX Semiconductor ETF-20.2%91.867182026115.11622202626
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.8%21.56718202622.902162026152
IGOViShares International Treasury Bond ETF-5.2%40.77718202642.993012026139
TLTiShares 20+ Year Treasury Bond ETF-5.5%84.52718202689.483012026139
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.0%25.73718202627.093012026139
EDVVanguard World Funds Extended Duration ETF-7.8%62.18718202667.423012026139
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-8.8%17.25718202618.91512202667
DBCInvesco DB Commodity Index Tracking Fund-8.6%28.98718202631.69512202667
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-10.6%32.66718202636.53519202660
GSGiShares GSCI Commodity-5.8%30.01718202631.853182026122
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-8.1%23.81718202625.91512202667
FTGCFirst Trust Global Tactical Commodity Strategy Fund-5.6%28.83718202630.53512202667
GLDSPDR Gold Trust-25.7%368.417182026495.901292026170
IAUiShares Gold Trust-25.7%75.507182026101.571292026170
GLDMSPDR Gold MiniShares Trust-25.6%79.457182026106.771292026170
SGOLETFS Physical Swiss Gold Shares-13.1%44.66718202651.411292026170
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34718202653.161292026170
SLViShares Silver Trust-51.9%50.787182026105.601282026171
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.397182026110.871282026171
PPLTETFS Physical Platinum Shares-42.5%14.50718202625.231252026174
CPERUnited States Copper Index Fund ETV-13.9%33.33718202638.711292026170
PALLETFS Physical Palladium Shares-38.9%22.70718202637.181282026171
USOUnited States Oil Fund LP-19.0%123.967182026152.96519202660
UNGUnited States Natural Gas Fund LP-37.8%10.51718202616.902012026167
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85718202660.13504202675
IBITiShares Bitcoin Trust ETF-33.0%36.35718202654.241192026180
FBTCFidelity Wise Origin Bitcoin Fund-32.9%55.82718202683.231192026180
GBTCGrayscale Bitcoin Trust ETF-17.1%61.84718202674.581192026180
ETHAiShares Ethereum Trust ETF-44.1%13.91718202624.881192026180

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-17

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$34.5B), followed by Bond (+$26.7B), while Commodity (−$2.6B) and Crypto (−$2.6B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$35.2B) and out of US Mid Cap Core (−$7.0B).
  • Relative to fund size, ARKQ drew the largest inflow (+51.2% of AUM) and NASA the largest outflow (−73.8%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$55.31B+6.2%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$17.32B+2.2%
3DRAMRoundhill Memory ETFOther+$10.47B+44.1%
4SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$9.91B+6.3%
5SOXXiShares Semiconductor ETFEquity Industry Subsector+$9.34B+20.4%
6VXUSVanguard Total International Stock ETFEquity International Broad+$4.46B+2.9%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.97B+23.7%
8LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate+$3.82B+11.0%
9SGOViShares 0-3 Month Treasury Bond ETFCash+$3.79B+3.9%
10BNDVanguard Total Bond Market ETFBond US Aggregate Core+$3.48B+2.2%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$47.34B-4.8%
2XLKState Street Technology Select Sector SPDR ETFEquity Broad Sector-$9.08B-7.6%
3VOVanguard Mid-Cap ETFEquity US Mid Cap Core-$5.78B-5.4%
4VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$5.07B-51.1%
5SMHVanEck Semiconductor ETFEquity Industry Subsector-$4.69B-6.5%
6VBVanguard Small-Cap ETFEquity US Small Cap Core-$3.68B-4.6%
7IQMMProShares - GENIUS Money Market ETFOther-$2.97B-14.5%
8VTVVanguard Value ETFEquity US Large Value-$2.94B-1.6%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income-$2.16B-2.2%
10VBRVanguard Small-Cap Value ETFEquity US Small Value-$2.13B-5.8%

Largest ETF fund flows across ~2563 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About HGER

0Holdings Count: 17
Expense Ratio: 0.68%
Inception Date: 2022-02-09
Harbor Commodity All-Weather Strategy ETF (HGER)
The Harbor Commodity All-Weather Strategy ETF (HGER) seeks to construct a diverse portfolio of commodities, specifically targeting those most responsive to U.S. consumer price inflation. Its selection methodology begins by pinpointing the 24 most actively traded commodity futures. These are then thoroughly assessed for their economic relevance and inherent quality, taking into account factors like market liquidity (open interest), associated costs (holding and trading), and their sensitivity to inflation. The underlying index generally includes a minimum of 15 commodity futures. Most of these assets are allocated weights ranging from 2% to 20%, with gold being an exception, potentially accounting for up to 40% of the portfolio. An exclusive, in-house developed "scarcity debasement" metric evaluates the prevailing inflationary conditions; this evaluation then informs the precise weighting of gold within the portfolio. The index undergoes rebalancing and reconstitution every three months. The index's performance is calculated on a total return basis, incorporating both gains from futures contracts and earnings derived from the strategic management of the fund's cash reserves. HGER conducts its investments predominantly via excess return swaps, utilizing a fully owned subsidiary based in the Cayman Islands. This operational structure is designed to exempt investors from receiving K-1 tax forms. Before March 6, 2023, this fund was known as the Harbor All-Weather Inflation Focus ETF and followed the Harbor Inflation Index.
Asset Class: Equity | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

HGERPDBCDBCCOMTGSGBCIMedian
NameHarbor Com.Invesco Op.Invesco DB.iShares GS.iShares GS.abrdn Bloo. 
Asset ClassCommodityCommodityCommodityCommodityCommodityCommodity-
AUM ($ Bil)3.55.31.61.10.92.42.0
Expense Ratio0.68%0.74%0.89%0.49%0.75%0.26%0.71%
10-D Avg Volume (Mil)1.086.601.270.621.131.421.20
Latest Day Volume (Mil)0.634.210.700.500.460.830.66
Holdings Count17231126195325
Inception Date2/9/202211/7/20142/3/200610/15/20147/10/20063/30/2017-

Fundamentals

HGERPDBCDBCCOMTGSGBCIMedian
NameHarbor Com.Invesco Op.Invesco DB.iShares GS.iShares GS.abrdn Bloo. 
Net Asset Value30.8016.4227.5231.3529.4422.97-
Premium/Discount3.5%5.1%5.3%4.2%-3.7%4.2%
Distribution Yield5.5%2.9%2.6%5.9%-13.5%5.5%
Sales Yield-------
Earnings Yield-------

Valuation

HGERPDBCDBCCOMTGSGBCIMedian
NameHarbor Com.Invesco Op.Invesco DB.iShares GS.iShares GS.abrdn Bloo. 
P/S (TTM)-------
P/E (TTM)-------
P/FCF (TTM)-------
Forward P/E-------
Forward P/S-------

Risk

HGERPDBCDBCCOMTGSGBCIMedian
NameHarbor Com.Invesco Op.Invesco DB.iShares GS.iShares GS.abrdn Bloo. 
Volatility (1Y)17.5%19.1%19.0%23.2%19.9%17.4%19.1%
Volatility (3Y)14.6%16.5%16.9%18.5%15.2%14.3%15.8%
Volatility (5Y)17.7%19.3%19.5%21.5%19.7%16.8%19.4%
Beta (1Y)0.01-0.20-0.19-0.34-0.11-0.08-0.15
Beta (3Y)0.140.130.130.100.170.160.14
Beta (5Y)0.160.210.210.180.210.200.20
Sharpe Ratio (1Y)1.951.451.471.062.221.621.55
Sharpe Ratio (3Y)1.310.660.500.611.040.930.79
Sharpe Ratio (5Y)0.900.610.520.560.780.680.64
Max Drawdown (1Y)-14.0%-16.6%-16.5%-17.6%-5.8%-14.8%-15.7%
Max Drawdown (3Y)-14.0%-16.6%-21.2%-17.6%-13.4%-14.8%-15.7%
Max Drawdown (5Y)-23.3%-27.6%-34.0%-29.0%-24.7%-26.5%-27.1%

Returns

HGERPDBCDBCCOMTGSGBCIMedian
NameHarbor Com.Invesco Op.Invesco DB.iShares GS.iShares GS.abrdn Bloo. 
1M Return5.9%3.5%3.9%3.3%-2.9%3.5%
3M Return1.6%-0.6%-0.4%-1.7%--1.2%-0.6%
6M Return23.2%24.3%23.9%26.1%-16.7%23.9%
YTD Return28.4%30.2%29.6%31.2%-21.9%29.6%
1Y Return38.7%29.5%29.9%24.5%-30.6%29.9%
2Y Return55.6%28.3%24.4%25.4%-41.1%28.3%
3Y Return72.3%33.2%23.5%33.4%-44.3%33.4%

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 6152026-72.9%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest1