HGEN.AX vs. IIND.AX
HGEN.AX (Global X Hydrogen ETF) and IIND.AX (BetaShares India Quality ETF) are both Global Equities funds - HGEN.AX tracks the Global X Hydrogen Index while IIND.AX tracks the BetaShares India Quality Index. Both are passively managed. Over the past 3 years, HGEN.AX returned 9.56%/yr vs -0.05%/yr for IIND.AX. At a 0.12 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. IIND.AX - Performance Comparison
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Returns By Period
In the year-to-date period, HGEN.AX achieves a 34.18% return, which is significantly higher than IIND.AX's -14.74% return.
HGEN.AX
- 1D
- -6.71%
- 1M
- -22.55%
- 6M
- 6.70%
- YTD
- 34.18%
- 1Y
- 81.42%
- 3Y*
- 9.56%
- 5Y*
- —
- 10Y*
- —
IIND.AX
- 1D
- -0.10%
- 1M
- -0.81%
- 6M
- -13.62%
- YTD
- -14.74%
- 1Y
- -17.95%
- 3Y*
- -0.05%
- 5Y*
- 1.70%
- 10Y*
- —
HGEN.AX vs. IIND.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 34.18% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
IIND.AX BetaShares India Quality ETF | -14.74% | -4.87% | 12.53% | 14.06% | -4.15% | -1.49% |
Correlation
The correlation between HGEN.AX and IIND.AX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.12 |
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Return for Risk
HGEN.AX vs. IIND.AX — Risk / Return Rank
HGEN.AX
IIND.AX
HGEN.AX vs. IIND.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and BetaShares India Quality ETF (IIND.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 | IIND.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.84 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | -0.72 | +3.43 |
| Martin ratioReturn relative to average drawdown | 8.25 | -1.32 | +9.57 |
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Drawdowns
HGEN.AX vs. IIND.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than IIND.AX's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and IIND.AX.
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Drawdown Indicators
| HGEN.AX | IIND.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -27.24% | -45.30% |
Max Drawdown (1Y)Largest decline over 1 year | -29.11% | -24.42% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -26.76% | -23.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.76% | — |
Current DrawdownCurrent decline from peak | -30.24% | -21.66% | -8.58% |
Average DrawdownAverage peak-to-trough decline | -47.61% | -6.94% | -40.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 13.46% | -3.78% |
Volatility
HGEN.AX vs. IIND.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) has a higher volatility of 14.51% compared to BetaShares India Quality ETF (IIND.AX) at 3.46%. This indicates that HGEN.AX's price experiences larger fluctuations and is considered to be riskier than IIND.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGEN.AX | IIND.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.51% | 3.46% | +11.05% |
Volatility (6M)Calculated over the trailing 6-month period | 33.68% | 15.18% | +18.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.24% | 17.27% | +29.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 15.65% | +21.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.75% | 16.96% | +19.79% |
Dividends
HGEN.AX vs. IIND.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.83%, while IIND.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 0.83% | 0.34% | 0.60% | 0.17% | 0.09% | 0.00% |
IIND.AX BetaShares India Quality ETF | 0.00% | 0.61% | 3.07% | 3.48% | 0.00% | 2.96% |
Frequently Asked Questions
HGEN.AX and IIND.AX have a correlation of 0.08, 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 IIND.AX tracks BetaShares India Quality Index. They also come from different issuers: Global X and BetaShares.
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