HDRO vs. HYDR
Compare and contrast key facts about Defiance Next Gen H2 ETF (HDRO) and Global X Hydrogen ETF (HYDR).
HDRO and HYDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDRO is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Hydrogen & NextGen Fuel Cell Index. It was launched on Mar 9, 2021. 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. Both HDRO and HYDR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDRO or HYDR.
Key characteristics
| HDRO | HYDR | |
|---|---|---|
| YTD Return | -40.27% | -40.09% |
| 1Y Return | -37.54% | -36.70% |
| 3Y Return (Ann) | -46.60% | -46.95% |
| Sharpe Ratio | -1.05 | -0.92 |
| Sortino Ratio | -1.53 | -1.30 |
| Omega Ratio | 0.83 | 0.86 |
| Calmar Ratio | -0.42 | -0.41 |
| Martin Ratio | -1.60 | -1.47 |
| Ulcer Index | 23.02% | 24.14% |
| Daily Std Dev | 34.92% | 38.54% |
| Max Drawdown | -86.99% | -85.83% |
| Current Drawdown | -86.94% | -85.70% |
Correlation
The correlation between HDRO and HYDR is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HDRO vs. HYDR - Performance Comparison
The year-to-date returns for both investments are quite close, with HDRO having a -40.27% return and HYDR slightly higher at -40.09%. 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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HDRO vs. HYDR - Expense Ratio Comparison
HDRO has a 0.30% expense ratio, which is lower than HYDR's 0.50% expense ratio.
Risk-Adjusted Performance
HDRO vs. HYDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Next Gen H2 ETF (HDRO) 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
HDRO vs. HYDR - Dividend Comparison
HDRO's dividend yield for the trailing twelve months is around 0.04%, while HYDR has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HDRO Defiance Next Gen H2 ETF | 0.04% | 0.03% | 0.00% | 0.03% |
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% |
Drawdowns
HDRO vs. HYDR - Drawdown Comparison
The maximum HDRO drawdown since its inception was -86.99%, roughly equal to the maximum HYDR drawdown of -85.83%. Use the drawdown chart below to compare losses from any high point for HDRO and HYDR. For additional features, visit the drawdowns tool.
Volatility
HDRO vs. HYDR - Volatility Comparison
Defiance Next Gen H2 ETF (HDRO) and Global X Hydrogen ETF (HYDR) have volatilities of 13.13% and 13.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.