FAN vs. HJEN

Last updated Jun 24, 2026

FAN (First Trust Global Wind Energy ETF) and HJEN (Direxion Hydrogen ETF) are both Alternative Energy Equities funds - FAN tracks the ISE Clean Edge Global Wind Energy Index while HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. FAN charges 0.62%/yr vs 0.45%/yr for HJEN.

Performance

FAN vs. HJEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Global Wind Energy ETF (FAN) and Direxion Hydrogen ETF (HJEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAN

• 1D: -2.65%
• 1M: -5.81%
• YTD: 20.47%
• 6M: 20.15%
• 1Y: 38.86%
• 3Y*: 14.67%
• 5Y*: 4.21%
• 10Y*: 9.88%

HJEN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FAN vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FAN First Trust Global Wind Energy ETF	20.47%	40.38%	-8.96%	-3.20%	-13.12%	-3.06%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-11.04%

Correlation

The correlation between FAN and HJEN is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.54

The correlation between FAN and HJEN shifts across timeframes, from 0.35 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.

FAN vs. HJEN - Sectors Allocation Comparison

Sectors	FAN	HJEN
Utilities	55.7%	-
Industrials	41.3%	31.7%
Consumer Cyclical	1.7%	-
Energy	1.1%	8.3%
Basic Materials	0.3%	9.2%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	3.3%
Healthcare	-	-
Real Estate	-	-
Technology	-	7.6%

Return for Risk

FAN vs. HJEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAN

FAN Risk / Return Rank: 63
FAN Sharpe Ratio Rank: 61
FAN Sortino Ratio Rank: 57
FAN Omega Ratio Rank: 55
FAN Calmar Ratio Rank: 73
FAN Martin Ratio Rank: 67

HJEN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FAN vs. HJEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) and Direxion Hydrogen ETF (HJEN). 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.

	FAN	HJEN	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.57	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.51	—	—
Martin ratio: Return relative to average drawdown	11.64	—	—

Drawdowns

Drawdown Indicators

	FAN	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.29%	—	—
Current Drawdown Current decline from peak	-9.44%	—	—
Average Drawdown Average peak-to-trough decline	-45.08%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	—	—

Volatility

Volatility by Period

	FAN	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.42%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	—	—

FAN vs. HJEN - Expense Ratio Comparison

FAN has a 0.62% expense ratio, which is higher than HJEN's 0.45% expense ratio.

Dividends

FAN vs. HJEN - Dividend Comparison

FAN's dividend yield for the trailing twelve months is around 1.03%, while HJEN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAN First Trust Global Wind Energy ETF	1.03%	1.35%	1.52%	1.71%	1.50%	1.79%	0.84%	2.42%	2.67%	2.59%	6.04%	2.35%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAN and HJEN in my portfolio?

FAN and HJEN have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FAN or HJEN?

On fees, HJEN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAN or HJEN?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.62% for FAN.

Which ETF pays a higher dividend yield, FAN or HJEN?

FAN has the higher dividend yield at 1.03%, compared with 0.00% for HJEN.

What is the main difference between FAN and HJEN?

FAN tracks ISE Clean Edge Global Wind Energy Index, while HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net. They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.62% for FAN and 0.45% for HJEN.