HGEN.AX vs. ILB.AX
HGEN.AX (Global X Hydrogen ETF) and ILB.AX (iShares Government Inflation ETF) are both Global Equities funds - HGEN.AX tracks the Global X Hydrogen Index while ILB.AX tracks the iShares Government Inflation Index. Both are passively managed. Over the past 3 years, HGEN.AX returned 12.54%/yr vs 2.59%/yr for ILB.AX. At a 0.14 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. ILB.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 ILB.AX's 1.76% return.
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
ILB.AX
- 1D
- -0.06%
- 1M
- -0.45%
- 6M
- 1.64%
- YTD
- 1.76%
- 1Y
- 3.25%
- 3Y*
- 2.59%
- 5Y*
- 0.08%
- 10Y*
- 1.99%
HGEN.AX vs. ILB.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% |
ILB.AX iShares Government Inflation ETF | 1.76% | 2.96% | -0.96% | 8.89% | -10.83% | 2.39% |
Correlation
The correlation between HGEN.AX and ILB.AX is 0.04, 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 | 0.04 |
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 | 0.14 |
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Return for Risk
HGEN.AX vs. ILB.AX — Risk / Return Rank
HGEN.AX
ILB.AX
HGEN.AX vs. ILB.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and iShares Government Inflation ETF (ILB.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 | ILB.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.10 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 0.68 | +2.93 |
| Martin ratioReturn relative to average drawdown | 9.67 | 1.57 | +8.10 |
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Drawdowns
HGEN.AX vs. ILB.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than ILB.AX's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and ILB.AX.
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Drawdown Indicators
| HGEN.AX | ILB.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -17.45% | -55.09% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -4.40% | -20.74% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -4.40% | -45.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.45% | — |
Current DrawdownCurrent decline from peak | -25.22% | -0.93% | -24.29% |
Average DrawdownAverage peak-to-trough decline | -47.63% | -3.59% | -44.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 1.95% | +7.55% |
Volatility
HGEN.AX vs. ILB.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) has a higher volatility of 13.18% compared to iShares Government Inflation ETF (ILB.AX) at 0.81%. This indicates that HGEN.AX's price experiences larger fluctuations and is considered to be riskier than ILB.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 | ILB.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 0.81% | +12.37% |
Volatility (6M)Calculated over the trailing 6-month period | 32.95% | 3.51% | +29.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.74% | 5.05% | +41.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 7.38% | +29.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 7.33% | +29.31% |
Dividends
HGEN.AX vs. ILB.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.78%, less than ILB.AX's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ILB.AX iShares Government Inflation ETF | 1.64% | 1.56% | 1.65% | 1.56% | 0.85% | 0.53% | 0.83% | 1.40% | 0.74% | 0.70% | 1.22% | 1.63% |
Frequently Asked Questions
HGEN.AX and ILB.AX have a correlation of 0.04, 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 ILB.AX tracks iShares Government Inflation Index. They also come from different issuers: Global X and iShares.
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