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VanEck Hydrogen Economy UCITS ETF (HDRO.L)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
VanEck
Inception Date
Mar 26, 2021
Leveraged
1x (No leverage)
Index Tracked
MVIS Global Hydrogen Economy ESG Index
Domicile
Ireland
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in VanEck Hydrogen Economy UCITS ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

VanEck Hydrogen Economy UCITS ETF (HDRO.L) has returned 14.51% so far this year and 62.24% over the past 12 months.


VanEck Hydrogen Economy UCITS ETF

1D
3.72%
1M
-2.25%
YTD
14.51%
6M
0.15%
1Y
62.24%
3Y*
-11.00%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
0.72%
1M
-4.45%
YTD
-3.95%
6M
-2.02%
1Y
16.73%
3Y*
16.96%
5Y*
10.34%
10Y*
12.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 1, 2021, HDRO.L's average daily return is -0.06%, while the average monthly return is -1.18%.

Historically, 43% of months were positive and 57% were negative. The best month was May 2024 with a return of +19.6%, while the worst month was Sep 2022 at -20.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HDRO.L closed higher 48% of trading days. The best single day was Oct 10, 2022 with a return of +17.1%, while the worst single day was Oct 11, 2022 at -17.7%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202613.39%6.02%-8.17%3.72%14.51%
2025-4.65%-5.60%-7.89%-3.58%8.36%13.52%5.17%5.80%16.26%12.66%-8.23%-10.51%17.70%
2024-10.56%-7.71%7.95%-11.05%19.63%-18.40%3.07%-7.50%3.87%-11.69%11.85%-7.37%-29.88%
202318.62%-6.93%-7.32%-8.47%-8.44%9.51%12.69%-15.17%-9.47%-15.22%8.96%1.69%-23.67%
2022-18.72%8.33%6.52%-14.40%-3.87%-16.66%16.65%1.06%-20.03%-2.27%10.56%-6.82%-38.95%
2021-6.25%-3.10%3.48%-11.74%-0.21%-6.23%18.10%-5.64%-9.36%-21.57%

Benchmark Metrics

VanEck Hydrogen Economy UCITS ETF has an annualized alpha of -19.77%, beta of 0.72, and R² of 0.10 versus S&P 500 Index. Calculated based on daily prices since April 06, 2021.

  • This ETF participated in 171.83% of S&P 500 Index downside but only 67.31% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.10 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-19.77%
Beta
0.72
0.10
Upside Capture
67.31%
Downside Capture
171.83%

Expense Ratio

HDRO.L has an expense ratio of 0.55%, placing it in the medium range.


Return for Risk

Risk / Return Rank

HDRO.L ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


HDRO.L Risk / Return Rank: 7575
Overall Rank
HDRO.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HDRO.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
HDRO.L Omega Ratio Rank: 7474
Omega Ratio Rank
HDRO.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
HDRO.L Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for VanEck Hydrogen Economy UCITS ETF (HDRO.L) and compare them to a chosen benchmark (S&P 500 Index).


HDRO.LBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.81

0.92

+0.89

Sortino ratio

Return per unit of downside risk

2.44

1.41

+1.03

Omega ratio

Gain probability vs. loss probability

1.30

1.21

+0.08

Calmar ratio

Return relative to maximum drawdown

2.50

1.41

+1.09

Martin ratio

Return relative to average drawdown

5.91

6.61

-0.71

Explore HDRO.L risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


VanEck Hydrogen Economy UCITS ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the VanEck Hydrogen Economy UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the VanEck Hydrogen Economy UCITS ETF was 81.30%, occurring on Apr 9, 2025. The portfolio has not yet recovered.

The current VanEck Hydrogen Economy UCITS ETF drawdown is 65.72%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-81.3%Apr 7, 20211011Apr 9, 2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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