Data as of Oct 28, 2026.
BND vs HGER: Differences, Returns & Fees
Over the year to Oct 28, 2026, BND returned −1.3% to HGER's +46.9%; 0% of their weight is in the same names.
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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $5.0bn on Oct 28, 2026 for Harbor Commodity All-Weather Strategy ETF.
Pair scorecard
BND costs 0.65 points a year less; their one-year returns differ by 48.2 points.
| Measure | BND | HGER |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.3% | +46.9% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | Quantix Commodity Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.68% |
| Net assets, BND as of Sep 30, 2026 and HGER as of Oct 28, 2026 | $161.4bn | $5.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026. Method
Risk and return
Feb 18, 2022 to Oct 23, 2026 · 244 weekly returnsHGER returned more: +114.7% to +2.5%. BND swung less: 5.9% to 17.0%. BND fell less at its worst: −13.9% to −18.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BND | HGER | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +2.5% | +114.7% | HGER | Price change plus distributions, reinvested. |
| Annualized | +0.5% | +17.7% | HGER | Total return as a yearly rate. |
| Price return | −12.7% | +79.8% | HGER | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.9% | 17.0% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.4% | 10.0% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.9% | −18.2% | BND | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.60 | 0.80 | HGER | Return above Treasury bills per unit of volatility. |
| Sortino | −0.80 | 1.35 | HGER | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.04 | 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, BND and HGER hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
BND and HGER on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BND and HGER do different jobs. What does each one do in a portfolio?
- What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and HGER follows Quantix Commodity Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BND returned −1.3% and HGER +46.9% with distributions reinvested, a gap of 48.2 points.
Data as of Oct 28, 2026.
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BND
BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 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, BND or HGER?
- In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and HGER +46.9%.
- Which is cheaper, BND or HGER?
- BND is cheaper, by 0.65 percentage points a year. That is about $65 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, BND against HGER, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-hger
ETFIQ. (Oct 28, 2026). BND against HGER. Retrieved from https://etfiq.com/compare/any/bnd-vs-hger
[BND against HGER (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bnd-vs-hger)
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