HGER vs BTC

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

HGER vs BTC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

HGER

$3.70B

BTC

$3.70B

Expense Ratio

HGER

0.68%

Winner

BTC

0.15%

Max Drawdown

Winner

HGER

23.31%

BTC

53.30%

Sharpe Ratio

Winner

HGER

2.26

BTC

-0.73

5Y Beta

Winner

HGER

0.12

BTC

1.18

HGER vs BTC - Historical Returns

Returns include dividend reinvestment.

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

HGER

+8.78%

Winner

BTC

+16.00%

Winner

HGER

+9.25%

BTC

-0.76%

Winner

HGER

+27.22%

BTC

+13.71%

Winner

HGER

+53.11%

BTC

-31.37%

5Y(CAGR)

HGER

+17.56%

BTC

N/A

Max(CAGR)

Winner

HGER

+17.56%

BTC

+8.26%

HGER vs BTC - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

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

HGER vs BTC Drawdown Comparison

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

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

The current BTC drawdown is -38.67%.

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

Correlation

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

-0.33

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