HGER vs NBCM: how they differ
HGER and NBCM hold 0% of their weight in the same names, and HGER returned +48.4% over the year. Harbor Commodity All-Weather Strategy ETF and Neuberger Commodity Strategy ETF.
NBCM costs 0.03 points a year less; their one-year returns differ by 5.1 points; HGER is 11.4 times larger.
| HGER | NBCM | |
|---|---|---|
| Expense ratio | 0.68% | 0.65% |
| Net assets, HGER as of Oct 9, 2026 and NBCM as of May 31, 2026 | $4.8bn | $425m |
| Total return, 1 year | +48.4% | +43.3% |
| Holdings in common | 0% | |
| Nasdaq-100, total return, 1 year | +23.6% | |
| Top ten holdings, share of the fund | 87.5% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
What they hold in common
By the books each fund has filed, HGER and NBCM hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.
half
0% in common
On the same fields
HGER and NBCM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
HGER in plain words
HGER tracks an index of Harbor Commodity All-Weather Strategy. Over the year to Oct 9, 2026 it returned +48.4% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. 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 7 positions, with the top ten at 87.5%.
NBCM in plain words
NBCM is actively managed and tracks no index. The prospectus expense ratio is 0.65% a year.
Over the year to Oct 9, 2026 it returned +43.3% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index.
Questions people ask
- Which returned more over the last year, HGER or NBCM?
- In the year to Oct 9, 2026, with distributions reinvested, HGER returned +48.4% and NBCM +43.3%.
- Which is cheaper, HGER or NBCM?
- NBCM is cheaper, by 0.03 percentage points a year. On $10,000 held for a year that difference is about $3. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.
ETFIQ, HGER against NBCM, data as of Oct 9, 2026. https://etfiq.com/compare/any/hger-vs-nbcm
ETFIQ. (Oct 9, 2026). HGER against NBCM. Retrieved from https://etfiq.com/compare/any/hger-vs-nbcm
[HGER against NBCM (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/hger-vs-nbcm)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.