HDRO vs. SPY
Compare and contrast key facts about Defiance Next Gen H2 ETF (HDRO) and SPDR S&P 500 ETF (SPY).
HDRO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HDRO and SPY 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 SPY.
Key characteristics
| HDRO | SPY | |
|---|---|---|
| YTD Return | -40.27% | 26.01% |
| 1Y Return | -37.54% | 33.73% |
| 3Y Return (Ann) | -46.60% | 9.91% |
| Sharpe Ratio | -1.05 | 2.82 |
| Sortino Ratio | -1.53 | 3.76 |
| Omega Ratio | 0.83 | 1.53 |
| Calmar Ratio | -0.42 | 4.05 |
| Martin Ratio | -1.60 | 18.33 |
| Ulcer Index | 23.02% | 1.86% |
| Daily Std Dev | 34.92% | 12.07% |
| Max Drawdown | -86.99% | -55.19% |
| Current Drawdown | -86.94% | -0.90% |
Correlation
The correlation between HDRO and SPY is 0.60, 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. SPY - Performance Comparison
In the year-to-date period, HDRO achieves a -40.27% return, which is significantly lower than SPY's 26.01% 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. SPY - Expense Ratio Comparison
HDRO has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HDRO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Next Gen H2 ETF (HDRO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HDRO's dividend yield for the trailing twelve months is around 0.04%, less than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HDRO vs. SPY - Drawdown Comparison
The maximum HDRO drawdown since its inception was -86.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HDRO and SPY. For additional features, visit the drawdowns tool.
Volatility
HDRO vs. SPY - Volatility Comparison
Defiance Next Gen H2 ETF (HDRO) has a higher volatility of 13.13% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that HDRO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.