HDRO vs. QTUM
Compare and contrast key facts about Defiance Next Gen H2 ETF (HDRO) and Defiance Quantum ETF (QTUM).
HDRO and QTUM 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. QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018. Both HDRO and QTUM 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 QTUM.
Correlation
The correlation between HDRO and QTUM is 0.66, 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
HDRO vs. QTUM - Performance Comparison
Key characteristics
HDRO:
-0.68
QTUM:
1.94
HDRO:
-0.83
QTUM:
2.54
HDRO:
0.91
QTUM:
1.33
HDRO:
-0.29
QTUM:
3.03
HDRO:
-1.16
QTUM:
8.98
HDRO:
21.79%
QTUM:
5.79%
HDRO:
37.31%
QTUM:
26.87%
HDRO:
-86.99%
QTUM:
-38.45%
HDRO:
-85.37%
QTUM:
-6.47%
Returns By Period
In the year-to-date period, HDRO achieves a -1.06% return, which is significantly lower than QTUM's -0.42% return.
HDRO
-1.06%
-5.17%
-20.26%
-21.56%
N/A
N/A
QTUM
-0.42%
-2.07%
25.93%
52.50%
22.36%
N/A
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HDRO vs. QTUM - Expense Ratio Comparison
HDRO has a 0.30% expense ratio, which is lower than QTUM's 0.40% expense ratio.
Risk-Adjusted Performance
HDRO vs. QTUM — Risk-Adjusted Performance Rank
HDRO
QTUM
HDRO vs. QTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Next Gen H2 ETF (HDRO) and Defiance Quantum ETF (QTUM). 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. QTUM - Dividend Comparison
HDRO's dividend yield for the trailing twelve months is around 0.43%, less than QTUM's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
HDRO Defiance Next Gen H2 ETF | 0.43% | 0.43% | 0.03% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.61% | 0.61% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% |
Drawdowns
HDRO vs. QTUM - Drawdown Comparison
The maximum HDRO drawdown since its inception was -86.99%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for HDRO and QTUM. For additional features, visit the drawdowns tool.
Volatility
HDRO vs. QTUM - Volatility Comparison
The current volatility for Defiance Next Gen H2 ETF (HDRO) is 11.86%, while Defiance Quantum ETF (QTUM) has a volatility of 15.40%. This indicates that HDRO experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.