BTC vs HGER

Comparison between Grayscale Bitcoin Mini Trust ETF (BTC, ETF) and HARBOR COMMODITY ALL-WEATHER STRATEGY ETF (HGER, ETF).

BTC vs HGER - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTC(ETF)	HGER(ETF)
Net Assets	$3.70B	$3.70B
Expense Ratio	0.15%	0.68%
Max Drawdown	53.30%	23.31%
Sharpe Ratio	-0.73	2.26
5Y Beta	1.18	0.12

Net Assets

BTC

$3.70B

HGER

$3.70B

Expense Ratio

Winner

BTC

0.15%

HGER

0.68%

Max Drawdown

BTC

53.30%

Winner

HGER

23.31%

Sharpe Ratio

BTC

-0.73

Winner

HGER

2.26

5Y Beta

BTC

1.18

Winner

HGER

0.12

BTC vs HGER - Historical Returns

Returns include dividend reinvestment.

Period	BTC	HGER
1 month	+16.00%	+8.78%
3 months	-0.76%	+9.25%
6 months	+13.71%	+27.22%
1 year	-31.37%	+53.11%
5 years(CAGR)	N/A	+17.56%
Max(CAGR)	+8.26%	+17.56%

Winner

BTC

+16.00%

HGER

+8.78%

BTC

-0.76%

Winner

HGER

+9.25%

BTC

+13.71%

Winner

HGER

+27.22%

BTC

-31.37%

Winner

HGER

+53.11%

5Y(CAGR)

BTC

N/A

HGER

+17.56%

Max(CAGR)

BTC

+8.26%

Winner

HGER

+17.56%

BTC vs HGER - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	BTC	HGER
2026	-14.24%	+42.53%
2025	-10.26%	+18.91%
2024	+44.64%	+10.26%
2023	N/A	+3.21%
2022	N/A	+9.77%

BTC vs HGER Drawdown Comparison

The maximum drawdown for BTC was -53.30%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for HGER was -23.31%, occurring on Sep 26, 2022. Recovery took 717 trading sessions.

The current BTC drawdown is -38.67%.

Rank	BTC	HGER
#1	-53.30% Oct 6, 2025 - Jun 30, 2026	-23.31% Mar 8, 2022 - Jan 15, 2025
#2	-28.14% Dec 17, 2024 - May 20, 2025	-14.04% May 12, 2026 - Aug 11, 2026
#3	-17.96% Jul 31, 2024 - Sep 27, 2024	-8.84% Apr 2, 2025 - Jun 11, 2025
#4	-11.96% Aug 13, 2025 - Oct 6, 2025	-8.09% Jan 29, 2026 - Feb 27, 2026
#5	-9.11% Sep 27, 2024 - Oct 14, 2024	-5.64% Mar 12, 2026 - Apr 2, 2026
#6	-8.47% Nov 22, 2024 - Dec 6, 2024	-5.16% Jun 20, 2025 - Sep 12, 2025
#7	-8.44% May 22, 2025 - Jul 9, 2025	-4.68% Feb 18, 2025 - Mar 31, 2025
#8	-7.30% Oct 29, 2024 - Nov 6, 2024	-3.36% Nov 11, 2025 - Jan 8, 2026
#9	-5.81% Jul 14, 2025 - Aug 13, 2025	-2.19% Oct 20, 2025 - Oct 23, 2025
#10	-5.48% Dec 6, 2024 - Dec 13, 2024	-2.09% Sep 16, 2025 - Sep 26, 2025
#11	-3.29% Oct 18, 2024 - Oct 28, 2024	-2.07% Oct 8, 2025 - Oct 16, 2025
#12	-2.51% Nov 13, 2024 - Nov 15, 2024	-1.91% Apr 7, 2026 - Apr 16, 2026
#13	-1.50% Oct 16, 2024 - Oct 18, 2024	-1.80% Feb 14, 2022 - Feb 22, 2022
#14	N/A	-1.76% Nov 3, 2025 - Nov 10, 2025
#15	N/A	-1.69% Apr 16, 2026 - Apr 22, 2026

Correlation

Correlation between BTC and HGER is -0.33 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.33

-101