Data as of Oct 28, 2026.
AVEM vs HGER: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVEM returned +17.9% to HGER's +46.9%; 0% of their weight is in the same names.
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Net assets: $27.3bn on Oct 27, 2026 for Avantis Emerging Markets Equity ETF, and $5.0bn on Oct 28, 2026 for Harbor Commodity All-Weather Strategy ETF.
Pair scorecard
AVEM costs 0.35 points a year less; their one-year returns differ by 29.0 points; AVEM is 5.5 times larger.
| Measure | AVEM | HGER |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.9% | +46.9% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Quantix Commodity Index |
| Cost and size | ||
| Expense ratio | 0.33% | 0.68% |
| Net assets, as of Oct 27, 2026 | $27.3bn | $5.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 28.7% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Feb 18, 2022 to Oct 23, 2026 · 244 weekly returnsHGER returned more: +114.7% to +57.4%. HGER swung slightly less: 17.0% to 18.0%. HGER fell less at its worst: −18.2% to −27.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVEM | HGER | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +57.4% | +114.7% | HGER | Price change plus distributions, reinvested. |
| Annualized | +10.2% | +17.7% | HGER | Total return as a yearly rate. |
| Price return | +38.5% | +79.8% | HGER | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.0% | 17.0% | HGER (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.6% | 10.0% | HGER | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −27.8% | −18.2% | HGER | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.39 | 0.80 | HGER | Return above Treasury bills per unit of volatility. |
| Sortino | 0.56 | 1.35 | HGER | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.36 | 0.97 | HGER | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 244 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AVEM and HGER hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AVEM and HGER on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVEM and HGER do different jobs. What does each one do in a portfolio?
- What each follows. AVEM follows No index, actively managed and HGER follows Quantix Commodity Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AVEM returned +17.9% and HGER +46.9% with distributions reinvested, a gap of 29.0 points.
Data as of Oct 28, 2026.
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AVEM
AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,088 positions, with the top ten at 28.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
HGER
HGER tracks an index of Harbor Commodity All-Weather Strategy. Over the year to Oct 28, 2026 it returned +46.9% with distributions reinvested. The prospectus expense ratio is 0.68% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 0 positions, with the top ten at not published.
Questions people ask
- Which returned more over the last year, AVEM or HGER?
- In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and HGER +46.9%.
- Which is cheaper, AVEM or HGER?
- AVEM is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, AVEM against HGER, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-hger
ETFIQ. (Oct 28, 2026). AVEM against HGER. Retrieved from https://etfiq.com/compare/any/avem-vs-hger
[AVEM against HGER (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avem-vs-hger)
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