HGER vs IVV
Harbor Commodity All Weather Strategy ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HGER delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HGER | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.03% | |
| AUM | $4.0B | $907.0B | |
| Dividend Yield | 5.48% | 1.10% | |
| Holdings | 49 | 508 | |
| YTD Return | +41.51% | +12.28% | |
| 1Y Return | +53.04% | +20.94% | |
| 3Y Return (annualized) | +22.68% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 13.7% | 15.1% | |
| Max Drawdown | -23.3% | -56.5% | |
| Fund Family | Harbor Funds | iShares by BlackRock (US) | |
| Category | Commodity | Equity | |
| Inception | Feb 9, 2022 | May 15, 2000 |
HGER vs IVV Performance
Harbor Commodity All Weather Strategy ETF (HGER) is a ETF from Harbor Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HGER returned +53.04% while IVV returned +20.94%. Year to date, HGER is up 41.51% versus a gain of 12.28% for IVV.
Over three years, HGER compounded at +22.68% per year against +21.81% for IVV. Across the full 5-year window we track, HGER has the edge at +17.40% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.7% for HGER. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.3% for HGER and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HGER charges 0.68% per year while IVV charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, HGER currently yields 5.48% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, HGER or IVV?
HGER has an expense ratio of 0.68% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, HGER or IVV?
Over the past year HGER returned +53.04% vs +20.94% for IVV, so HGER leads on 1-year performance. Over the longest common window we track (5 years), HGER annualized +17.40% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HGER or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.7% for HGER. Worst drawdown: HGER -23.3% vs IVV -56.5%.
Should I hold both HGER and IVV?
HGER and IVV have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, HGER or IVV?
HGER yields 5.48% while IVV yields 1.10%, so HGER currently pays the higher dividend yield.
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