HDRO vs. ICLN
Compare and contrast key facts about Defiance Next Gen H2 ETF (HDRO) and iShares Global Clean Energy ETF (ICLN).
HDRO and ICLN 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. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both HDRO and ICLN 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 ICLN.
Key characteristics
| HDRO | ICLN | |
|---|---|---|
| YTD Return | -40.27% | -21.07% |
| 1Y Return | -37.54% | -11.89% |
| 3Y Return (Ann) | -46.60% | -20.12% |
| Sharpe Ratio | -1.05 | -0.46 |
| Sortino Ratio | -1.53 | -0.51 |
| Omega Ratio | 0.83 | 0.94 |
| Calmar Ratio | -0.42 | -0.17 |
| Martin Ratio | -1.60 | -1.05 |
| Ulcer Index | 23.02% | 10.92% |
| Daily Std Dev | 34.92% | 24.89% |
| Max Drawdown | -86.99% | -87.16% |
| Current Drawdown | -86.94% | -67.70% |
Correlation
The correlation between HDRO and ICLN is 0.80, 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. ICLN - Performance Comparison
In the year-to-date period, HDRO achieves a -40.27% return, which is significantly lower than ICLN's -21.07% 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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HDRO vs. ICLN - Expense Ratio Comparison
HDRO has a 0.30% expense ratio, which is lower than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
HDRO vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Next Gen H2 ETF (HDRO) and iShares Global Clean Energy ETF (ICLN). 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. ICLN - Dividend Comparison
HDRO's dividend yield for the trailing twelve months is around 0.04%, less than ICLN's 1.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDRO Defiance Next Gen H2 ETF | 0.04% | 0.03% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.79% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
Drawdowns
HDRO vs. ICLN - Drawdown Comparison
The maximum HDRO drawdown since its inception was -86.99%, roughly equal to the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for HDRO and ICLN. For additional features, visit the drawdowns tool.
Volatility
HDRO vs. ICLN - Volatility Comparison
Defiance Next Gen H2 ETF (HDRO) has a higher volatility of 13.13% compared to iShares Global Clean Energy ETF (ICLN) at 9.46%. This indicates that HDRO's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.