HGER vs SPY
Harbor Commodity All Weather Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HGER or SPY?
Commodities against Large Cap Blend.
SPY has a lower expense ratio. HGER led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HGER | SPY |
|---|---|---|
| Expense Ratio | 0.68% | 0.09%Best |
| AUM | $4.4B | $804.7B |
| Dividend Yield | 5.00% | 0.98% |
| Holdings | 49 | 505 |
| YTD Return | +45.69%Best | +12.09% |
| 1Y Return | +51.18%Best | +16.29% |
| 3Y Return (annualized) | +21.99%Best | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 13.7%Best | 15.6% |
| Max Drawdown | -23.3% | -22.1%Best |
| $10,000 over 4.6 years | $21,262Best | $18,014 |
| Fund Family | Harbor Funds | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Blend |
| Inception | Feb 9, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 10, 2022 to Sep 18, 2026 (4.6 years).
HGER vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
HGER vs SPY Performance
Harbor Commodity All Weather Strategy ETF (HGER) is an ETF from Harbor Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HGER returned +51.18% while SPY returned +16.29%. Year to date, HGER is up 45.69% versus a gain of 12.09% for SPY.
Over three years, HGER compounded at +21.99% per year against +21.20% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.21. They move largely independently of each other.
Fees and Cost Over Time
HGER charges 0.68% per year while SPY charges 0.09%. On a $10,000 position that is $68 vs $9 annually, a gap of $59 per year that compounds over a long holding period. On income, HGER currently yields 5.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of HGER and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HGER or SPY?
HGER has an expense ratio of 0.68% while SPY charges 0.09%. SPY is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, HGER or SPY?
Over the past year HGER returned +51.18% vs +16.29% for SPY, so HGER leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HGER or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 13.7% for HGER. Worst drawdown: HGER -23.3% vs SPY -22.1%.
Should I hold both HGER and SPY?
HGER and SPY have a monthly-return correlation of 0.21, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HGER or SPY?
HGER yields 5.00% while SPY yields 0.98%, so HGER currently pays the higher dividend yield.
Is SPY better than HGER?
SPY has a lower expense ratio. HGER led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.