BLX.TO vs. HYDR
Compare and contrast key facts about Boralex Inc. (BLX.TO) and Global X Hydrogen ETF (HYDR).
HYDR is a passively managed fund by Global X that tracks the performance of the Solactive Global Hydrogen Index - Benchmark TR Net. It was launched on Jul 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLX.TO or HYDR.
Key characteristics
| BLX.TO | HYDR | |
|---|---|---|
| YTD Return | -0.50% | -38.35% |
| 1Y Return | 17.12% | -27.05% |
| 3Y Return (Ann) | -2.79% | -47.14% |
| Sharpe Ratio | 0.67 | -0.80 |
| Sortino Ratio | 1.21 | -1.08 |
| Omega Ratio | 1.14 | 0.88 |
| Calmar Ratio | 0.38 | -0.38 |
| Martin Ratio | 1.86 | -1.37 |
| Ulcer Index | 10.09% | 23.71% |
| Daily Std Dev | 27.99% | 39.88% |
| Max Drawdown | -73.68% | -85.45% |
| Current Drawdown | -36.31% | -85.28% |
Correlation
The correlation between BLX.TO and HYDR is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BLX.TO vs. HYDR - Performance Comparison
In the year-to-date period, BLX.TO achieves a -0.50% return, which is significantly higher than HYDR's -38.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BLX.TO vs. HYDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Boralex Inc. (BLX.TO) 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.
Dividends
BLX.TO vs. HYDR - Dividend Comparison
BLX.TO's dividend yield for the trailing twelve months is around 2.06%, while HYDR has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BLX.TO Boralex Inc. | 2.06% | 2.02% | 1.70% | 1.96% | 1.44% | 2.72% | 3.74% | 2.55% | 2.87% | 3.60% | 4.05% |
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLX.TO vs. HYDR - Drawdown Comparison
The maximum BLX.TO drawdown since its inception was -73.68%, smaller than the maximum HYDR drawdown of -85.45%. Use the drawdown chart below to compare losses from any high point for BLX.TO and HYDR. For additional features, visit the drawdowns tool.
Volatility
BLX.TO vs. HYDR - Volatility Comparison
The current volatility for Boralex Inc. (BLX.TO) is 9.31%, while Global X Hydrogen ETF (HYDR) has a volatility of 13.07%. This indicates that BLX.TO 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.