ACES vs. HYDR

Last updated Aug 2, 2026

ACES (ALPS Clean Energy ETF) and HYDR (Global X Hydrogen ETF) are both Alternative Energy Equities funds - ACES tracks the CIBC Atlas Clean Energy Index while HYDR tracks the Solactive Global Hydrogen Index - Benchmark TR Net. Both are passively managed. Over the past 5 years, ACES returned -15.09%/yr vs -18.53%/yr for HYDR. Their 0.78 correlation means they have sometimes moved together and sometimes differently. ACES charges 0.55%/yr vs 0.50%/yr for HYDR.

Performance

ACES vs. HYDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Clean Energy ETF (ACES) and Global X Hydrogen ETF (HYDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACES achieves a -5.87% return, which is significantly lower than HYDR's 28.48% return.

ACES

• 1D: -0.85%
• 1M: -10.67%
• 6M: -13.85%
• YTD: -5.87%
• 1Y: 15.47%
• 3Y*: -12.93%
• 5Y*: -15.09%
• 10Y*: —
• ALL TIME*: 3.41%

HYDR

• 1D: 0.65%
• 1M: -19.71%
• 6M: 8.17%
• YTD: 28.48%
• 1Y: 82.55%
• 3Y*: -6.24%
• 5Y*: -18.53%
• 10Y*: —
• ALL TIME*: -18.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACES ALPS Clean Energy ETF	$2.69M	$3.07M	$3.04M
HYDR Global X Hydrogen ETF	$2.92M	$2.57M	$5.93M

ACES vs. HYDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ACES ALPS Clean Energy ETF	-5.87%	25.44%	-26.71%	-20.04%	-28.44%	-10.51%
HYDR Global X Hydrogen ETF	28.48%	43.73%	-33.08%	-36.49%	-47.24%	-15.79%

Correlation

The correlation between ACES and HYDR is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.78

The correlation between ACES and HYDR has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

ACES vs. HYDR - Sectors Allocation Comparison

Sectors	ACES	HYDR
Utilities	27.4%	1.2%
Technology	25.5%	4.1%
Industrials	17.8%	85.8%
Consumer Cyclical	13.1%	5.4%
Basic Materials	7.8%	4.6%
Financial Services	5.4%	-
Consumer Defensive	2.6%	-
Energy	0.4%	1.2%
Communication Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

ACES vs. HYDR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACES

ACES Risk / Return Rank: 20
ACES Sharpe Ratio Rank: 19
ACES Sortino Ratio Rank: 21
ACES Omega Ratio Rank: 21
ACES Calmar Ratio Rank: 18
ACES Martin Ratio Rank: 19

HYDR

HYDR Risk / Return Rank: 47
HYDR Sharpe Ratio Rank: 51
HYDR Sortino Ratio Rank: 57
HYDR Omega Ratio Rank: 49
HYDR Calmar Ratio Rank: 41
HYDR Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACES vs. HYDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Clean Energy ETF (ACES) and Global X Hydrogen ETF (HYDR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACES	HYDR	Difference
Sharpe ratio: Return per unit of total volatility	0.38	1.24	-0.87
Sortino ratio: Return per unit of downside risk	0.74	1.96	-1.21
Omega ratio: Gain probability vs. loss probability	1.09	1.22	-0.14
Calmar ratio: Return relative to maximum drawdown	0.42	1.46	-1.04
Martin ratio: Return relative to average drawdown	1.21	3.93	-2.72

ACES vs. HYDR - Sharpe Ratio Comparison

The current ACES Sharpe Ratio is 0.38, which is lower than the HYDR Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of ACES and HYDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACES vs. HYDR - Drawdown Comparison

The maximum ACES drawdown since its inception was -79.05%, smaller than the maximum HYDR drawdown of -89.28%. Use the drawdown chart below to compare losses from any high point for ACES and HYDR.

Drawdown Indicators

	ACES	HYDR	Difference
Max Drawdown Largest peak-to-trough decline	-79.05%	-89.28%	+10.23%
Max Drawdown (1Y) Largest decline over 1 year	-31.05%	-49.90%	+18.85%
Max Drawdown (3Y) Largest decline over 3 years	-54.01%	-68.02%	+14.01%
Max Drawdown (5Y) Largest decline over 5 years	-74.44%	-89.28%	+14.84%
Current Drawdown Current decline from peak	-68.13%	-70.50%	+2.37%
Average Drawdown Average peak-to-trough decline	-39.35%	-64.19%	+24.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.72%	18.45%	-7.73%

Volatility

ACES vs. HYDR - Volatility Comparison

The current volatility for ALPS Clean Energy ETF (ACES) is 10.28%, while Global X Hydrogen ETF (HYDR) has a volatility of 19.14%. This indicates that ACES experiences smaller price fluctuations and is considered to be less risky than HYDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACES	HYDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.28%	19.14%	-8.86%
Volatility (6M) Calculated over the trailing 6-month period	25.95%	43.18%	-17.23%
Volatility (1Y) Calculated over the trailing 1-year period	34.62%	58.47%	-23.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.61%	48.15%	-11.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	48.04%	-12.35%

ACES vs. HYDR - Expense Ratio Comparison

ACES has a 0.55% expense ratio, which is higher than HYDR's 0.50% expense ratio.

Dividends

ACES vs. HYDR - Dividend Comparison

ACES's dividend yield for the trailing twelve months is around 0.73%, less than HYDR's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ACES ALPS Clean Energy ETF	0.73%	0.70%	1.10%	1.44%	1.08%	0.71%	0.56%	1.79%	0.34%
HYDR Global X Hydrogen ETF	3.25%	3.82%	0.40%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACES and HYDR in my portfolio?

ACES and HYDR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACES or HYDR?

HYDR has higher volatility (19.14%) compared to ACES (10.28%). In terms of maximum drawdown, ACES dropped -79.05% vs HYDR's -89.28%.

Which ETF is better, ACES or HYDR?

On 5-year performance, ACES leads with -15.09% vs -18.53% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, ACES has been the lower-risk option at 10.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACES or HYDR?

Over the 5-year period, ACES has performed better with a -15.09% return vs -18.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACES or HYDR?

HYDR is cheaper with a 0.50% expense ratio, compared with 0.55% for ACES.

Which ETF pays a higher dividend yield, ACES or HYDR?

HYDR has the higher dividend yield at 3.25%, compared with 0.73% for ACES.

What is the main difference between ACES and HYDR?

ACES tracks CIBC Atlas Clean Energy Index, while HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net. They also come from different issuers: SS&C and Global X. Their fees differ too: 0.55% for ACES and 0.50% for HYDR.

Which has better risk-adjusted returns?

HYDR currently has the higher Sharpe Ratio (1.24 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.