Harbor Commodity All-Weather Strategy ETF (HGER) — Stock Correlations & Overview
Over the past year, HGER has moved most closely with DJP, CERY, CMDT. Explore the stocks most correlated and inversely correlated with HGER below, along with its price, financials, and company profile.
Stocks correlated with HGER
Correlation of daily returns. Higher positive values move with HGER; negative values move opposite it. Informational only, not investment advice.
Most correlated with HGER
| Symbol | Company | Correlation |
|---|---|---|
| DJP | iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 | 0.84 |
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 0.83 |
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | 0.82 |
| NBCM | Neuberger Commodity Strategy ETF | 0.81 |
| USCI | US Commodity IndexCOMMODITY CONTRACTS BROKERS & DEALERS | 0.81 |
Most inversely correlated with HGER
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.62 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.52 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.52 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.47 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.47 |
Frequently asked questions about HGER correlations
- Which stocks are most correlated with HGER?
- Based on one year of daily returns, the stocks most correlated with Harbor Commodity All-Weather Strategy ETF (HGER) are DJP (0.84), CERY (0.83) and CMDT (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with HGER?
- Over the past year, the stocks most inversely correlated with Harbor Commodity All-Weather Strategy ETF (HGER) are SCO (-0.62), GLL (-0.52) and DULL (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these HGER correlations calculated?
- We compute the correlation of daily returns between HGER and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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