HGEN.AX vs. IAA.AX
HGEN.AX (Global X Hydrogen ETF) and IAA.AX (iShares Asia 50 ETF (AU)) are both Global Equities funds - HGEN.AX tracks the Global X Hydrogen Index while IAA.AX tracks the iShares Asia 50 Index. Both are passively managed. Over the past 3 years, HGEN.AX returned 12.54%/yr vs 31.17%/yr for IAA.AX. At a 0.39 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. IAA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, HGEN.AX achieves a 43.83% return, which is significantly higher than IAA.AX's 35.14% return.
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
IAA.AX
- 1D
- -2.18%
- 1M
- -4.08%
- 6M
- 25.27%
- YTD
- 35.14%
- 1Y
- 61.40%
- 3Y*
- 31.17%
- 5Y*
- 12.29%
- 10Y*
- 14.57%
HGEN.AX vs. IAA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
IAA.AX iShares Asia 50 ETF (AU) | 35.14% | 36.38% | 29.68% | 1.92% | -17.59% | 2.60% |
Correlation
The correlation between HGEN.AX and IAA.AX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.39 |
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Return for Risk
HGEN.AX vs. IAA.AX — Risk / Return Rank
HGEN.AX
IAA.AX
HGEN.AX vs. IAA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and iShares Asia 50 ETF (AU) (IAA.AX). 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.
| HGEN.AX | IAA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.70 | -1.09 |
| Martin ratioReturn relative to average drawdown | 9.67 | 14.14 | -4.48 |
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Drawdowns
HGEN.AX vs. IAA.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than IAA.AX's maximum drawdown of -44.90%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and IAA.AX.
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Drawdown Indicators
| HGEN.AX | IAA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -44.90% | -27.64% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -12.04% | -13.10% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -17.55% | -32.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.90% | — |
Current DrawdownCurrent decline from peak | -25.22% | -8.78% | -16.44% |
Average DrawdownAverage peak-to-trough decline | -47.63% | -10.35% | -37.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 4.08% | +5.42% |
Volatility
HGEN.AX vs. IAA.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) and iShares Asia 50 ETF (AU) (IAA.AX) have volatilities of 13.18% and 13.74%, 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.
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Volatility by Period
| HGEN.AX | IAA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 13.74% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 32.95% | 23.51% | +9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.74% | 25.84% | +20.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 22.05% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 19.33% | +17.31% |
Dividends
HGEN.AX vs. IAA.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.78%, less than IAA.AX's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 0.78% | 0.34% | 0.60% | 0.17% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAA.AX iShares Asia 50 ETF (AU) | 1.00% | 2.16% | 0.44% | 1.36% | 3.40% | 1.68% | 1.18% | 4.31% | 0.48% | 1.28% | 1.78% |
Frequently Asked Questions
HGEN.AX and IAA.AX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGEN.AX tracks Global X Hydrogen Index, while IAA.AX tracks iShares Asia 50 Index. They also come from different issuers: Global X and iShares.
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