Harbor Commodity All-Weather Strategy ETF (HGER) Performance
HGER total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +47.1% since Dec 31, 2025
- 1 year
- +47.4% total return
- 3 years
- +23.4% a year
- Since first price
- +17.8% a year since 2022
HGER trailing returns vs SPY, QQQ, AGG
| Period | HGER total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +11.6% | +11.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +14.3% | +14.3% | +7.8% | +8.4% | −1.5% |
| YTD | +47.1% | +47.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +47.4% | +37.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +87.7%+23.4%/yr | +58.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 10, 2022 | +115.9%+17.8%/yr | +80.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HGER vs SPY
From Feb 10, 2022: HGER grew to $21,586, SPY to $18,020.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HGER returns by calendar year
3 of 3 full years positive. Best 2025 (+20.1%), worst 2023 (+1.9%). 2026 is year to date.
HGER annual returns table
| Year | HGER | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +47.1% | −14.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.1% | −8.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.2% | −8.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +1.9% | −10.5% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HGER largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 8, 2022 | −23.3% | Sep 26, 2022 | Jan 15, 2025 | 7 months | 2.9 years |
| May 12, 2026 | −14.0% | Jun 24, 2026 | Aug 11, 2026 | 43 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HGER risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +22.2% | +16.5% |
| Volatility (annualized) | 12.9% | 13.7% |
| Sharpe ratio | 1.28 | 0.90 |
| Sortino ratio | 3.01 | 1.70 |
| Best month | +9.9% | +9.9% |
| Worst month | −7.2% | −7.2% |
| Best 12 months | +51.8% | +51.8% |
| Worst 12 months | +5.6% | −12.5% |
| Positive months | 61% | 60% |
| Beta vs S&P 500 | -0.12 | — |
| Correlation with S&P 500 | -0.12 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HGER rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 45 | −12.5% | +11.6% | +51.8% | 89% |
| 3-year (a year) | 21 | +3.3% | +12.1% | +23.9% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
HGER performance overview
Harbor Commodity All-Weather Strategy ETF (HGER) returned +47.4% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +17.8% a year, turning $10,000 into about $21,586. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.3%, from Mar 8, 2022 to Sep 26, 2022, and it took 2.3 years to get back to the old high. HGER finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+20.1%) and the worst 2023 (+1.9%). Volatility has been 13.7% a year.
Related: HGER chart, HGER dividends. See the HGER overview for the latest quote and fund facts.
HGER performance FAQ
What is the HGER return over the past year?
HGER returned +47.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 37.6%.
How much would $10,000 invested in HGER be worth?
$10,000 invested in HGER at its first recorded close on February 10, 2022 would be worth about $21,586 on October 23, 2026 with distributions reinvested.
What was the worst year for HGER?
The worst calendar year was 2023, with a total return of +1.9%. The best was 2025 at +20.1%.
What is the biggest drawdown of HGER?
The largest peak-to-trough decline was −23.3% between March 8, 2022 and September 26, 2022. It recovered to the old high on January 15, 2025, 2.3 years after the bottom.
How volatile is HGER?
Over the past 3 years HGER had an annualized volatility of 12.9% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).