ETF Evaluator:
Harbor Commodity All-Weather StrategyETF ()
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(as of Aug 26)
Best Performing in Commodities Broad Basket Over the Last Year
| 54.6% | VanEck Commodity Strategy ETF (PIT) |
| 44.8% | DB Commodity Long ETN (DPU) |
| 40.4% | iShares S&P GSCI Commodity-Indexed Trust (GSG) |
| 40.1% | iPath® Bloomberg Cmdty TR ETN (DJP) |
| 39.9% | Harbor Commodity All-Weather StrategyETF (HGER) |
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Risk
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ETF Details
Harbor Commodity All-Weather StrategyETF Overview
Harbor Commodity All-Weather StrategyETF (HGER) is a passively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). Harbor Capital Advisors Inc launched the ETF in 2022.
The investment seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Commodity Index.
The fund seeks to primarily invest, through its subsidiary, in one or more excess return swaps on the index. The index is composed of futures contracts on physical commodities and is constructed using QCI’s proprietary quantitative methodology, which considers a commodity’s relative inflation sensitivity and the relative cost of holding a “rolling” futures position in the commodity. It is non-diversified.
About Harbor Commodity All-Weather StrategyETF (HGER)
There are 4 members of the management team with an average tenure of 1.42 years: Tom Glanfield (2025), Don Casturo (2025), Daniel Cepeda (2025) and Marta Kavchak (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg Commodity TR USD index with a weighting of 100%. Harbor Commodity All-Weather StrategyETF has 8 securities in its portfolio. The top 10 holdings constitute 98.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Harbor Commodity All-Weather StrategyETF is part of the Real Assets global asset class and is within the Commodities ETF group. Harbor Commodity All-Weather StrategyETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 13.5% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 44.5% (44.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Harbor Commodity All-Weather StrategyETF has 42.1% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $831 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HGER Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Harbor Commodity All-Weather StrategyETF expense ratio is above average compared to funds in the Commodities Broad Basket category. Harbor Commodity All-Weather StrategyETF has an expense ratio of 0.68%, which is 3% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Harbor Commodity All-Weather StrategyETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.
Recently, in the month of July 2026, Harbor Commodity All-Weather StrategyETF returned 9.6%, which earned it a grade of A, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Harbor Commodity All-Weather StrategyETF has a trailing yield of 5.48%, which is above the 5.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Harbor Commodity All-Weather StrategyETF Grades
Year to date, the ETF has returned 29.6%, 7.5 percentage points better than the category, which translates into a grade of B. The fund has returned 39.9% over the past year (grade of A) and 18.4% over the past three years (grade of A).
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HGER Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HGER Return (NAV) | 9.6% | -1.1% | 39.9% | 18.4% | na | na |
| HGER Return (Price) | 9.6% | -1.4% | 40.1% | 18.5% | na | na |
| NAV +/- Price Return | 0.045% | 0.268% | -0.208% | -0.144% | na | na |
| Commodities Broad Basket Avg | 6.9% | -4.5% | 31.7% | 13.2% | 11.6% | 8.6% |
| HGER Grade (NAV) | A | A | A | A | na | na |
| +/- Category (NAV) | 2.8% | 3.4% | 8.3% | 5.2% | na | na |
| HGER Tax-Cost Ratio | na | na | 2.7% | 2.3% | na | na |
HGER Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HGER Return (NAV) | 29.6% | 19.7% | 9.6% | 2.0% | na | na | na | na | na | na | na |
| HGER Return (Price) | 29.5% | 20.1% | 9.2% | 1.9% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | 0.018% | -0.036% | -0.033% | na | na | na | na | na | na | na |
| Commodities Broad Basket Avg | 22.1% | 15.5% | 7.4% | -4.2% | 15.9% | 31.9% | -4.8% | 7.3% | -10.7% | 5.9% | 11.7% |
| HGER Grade (NAV) | B | A | B | A | na | na | na | na | na | na | na |
| +/- Category | 7.5% | 4.2% | 2.2% | 6.1% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.79 |
| R-Squared: | 81% |
| Standard Deviation: | 11.9% |
| Category Risk Index: | 0.82 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.97 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 5.5% |
| Total Assets: | $ 3,669 Mil |
| Share Class Assets: | $ 3,669 Mil |
| Turnover: | na |
| Expense Ratio: | 0.68% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Glanfield Tom (2025), Casturo Don (2025), Cepeda Daniel (2025), Kavchak Marta (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 98.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 13.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 44.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 42.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Harbor Capital Advisors Inc |
| Phone Number: | 800-422-1050 |
| Website: | |
| Inception Date: | February 9, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.68% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.66% |
