HGER vs SDMF

HGERCHarbor Commodity All-Weather Strategy ETF (HGER)

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

HGER Most commodity indexes weight by what the world digs up. HGER tracks a Quantix index that weights by what actually moves US inflation, with a gold sleeve that expands or shrinks depending on which kind of inflation shows up.

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

HGER The Fund seeks to track, before fees and expenses, the Quantix Commodity Index.

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

• HGER The index screens commodities on their sensitivity to US inflation and on the cost of rolling futures, so roll drag is part of the selection math, not an afterthought.usnews.com
• Gold is not a fixed slice here. The methodology lets it carry a far larger weight ceiling than any other commodity when inflation looks monetary rather than supply-driven.tradingview.comharborcapital.com
• Commodity exposure runs through swaps held in a wholly owned Cayman subsidiary, the plumbing that keeps futures gains off a K-1 at tax time.usnews.comtradingview.com
• Sits in the upper half of the broad-basket commodity futures group, and it is a multi-billion-dollar fund that trades actively, so getting a fill is rarely the hard part.

• SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
• Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
• Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
• Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

• HGER The 0.68% expense ratio lands right at the category median, but production-weighted trackers like BCI (0.26%) and CMDY (0.29%) charge roughly a third as much.
• Concentrated by design: the index runs a minimum of roughly 15 futures and the fund is classified as non-diversified, so one commodity can drive a lot of the ride.usnews.comtradingview.com
• Launched in 2022 under a different name and a different inflation index, switching to the Quantix index in 2023, so the earliest slice of its record reflects another recipe.tradingview.com

• SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
• A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
• The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full HGER profile⁠

Full SDMF profile⁠