Data as of Oct 28, 2026.
HGER vs MBB: Differences, Returns & Fees
Over the year to Oct 28, 2026, HGER returned +46.9% to MBB's −0.8%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $5.0bn for Harbor Commodity All-Weather Strategy ETF and $35.5bn for iShares MBS ETF.
Pair scorecard
MBB costs 0.64 points a year less; their one-year returns differ by 47.7 points; MBB is 7.1 times larger.
| Measure | HGER | MBB |
|---|---|---|
| Return | ||
| Total return, 1 year | +46.9% | −0.8% |
| Benchmark | ||
| What it tracks | Quantix Commodity Index | Bloomberg U.S. MBS Index |
| Cost and size | ||
| Expense ratio | 0.68% | 0.04% |
| Net assets | $5.0bn | $35.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
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 +3.9%. MBB swung less: 6.7% to 17.0%. MBB fell less at its worst: −14.1% to −18.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HGER | MBB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +114.7% | +3.9% | HGER | Price change plus distributions, reinvested. |
| Annualized | +17.7% | +0.8% | HGER | Total return as a yearly rate. |
| Price return | +79.8% | −12.3% | HGER | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.0% | 6.7% | MBB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.0% | 4.9% | MBB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.2% | −14.1% | MBB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.80 | −0.47 | HGER | Return above Treasury bills per unit of volatility. |
| Sortino | 1.35 | −0.65 | HGER | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.97 | 0.06 | 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, HGER and MBB 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
HGER and MBB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HGER and MBB do different jobs. What does each one do in a portfolio?
- What each follows. HGER follows Quantix Commodity Index and MBB follows Bloomberg U.S. MBS Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HGER returned +46.9% and MBB −0.8% with distributions reinvested, a gap of 47.7 points.
Data as of Oct 28, 2026.
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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.
MBB
MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, HGER or MBB?
- In the year to Oct 28, 2026, with distributions reinvested, HGER returned +46.9% and MBB −0.8%.
- Which is cheaper, HGER or MBB?
- MBB is cheaper, by 0.64 percentage points a year. That is about $64 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, HGER against MBB, data as of Oct 28, 2026. https://etfiq.com/compare/any/hger-vs-mbb
ETFIQ. (Oct 28, 2026). HGER against MBB. Retrieved from https://etfiq.com/compare/any/hger-vs-mbb
[HGER against MBB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hger-vs-mbb)
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