HGEN.AX vs. OOO.AX
HGEN.AX (Global X Hydrogen ETF) and OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) are both Global Equities funds. HGEN.AX is passively managed, while OOO.AX is actively managed. Over the past 3 years, HGEN.AX returned 12.54%/yr vs 19.00%/yr for OOO.AX. At a 0.06 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. OOO.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 lower than OOO.AX's 63.70% return.
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
OOO.AX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 56.08%
- YTD
- 63.70%
- 1Y
- 50.75%
- 3Y*
- 19.00%
- 5Y*
- 11.34%
- 10Y*
- 0.01%
HGEN.AX vs. OOO.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% |
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 63.70% | -7.58% | 10.33% | -4.20% | -1.77% | 0.00% |
Correlation
The correlation between HGEN.AX and OOO.AX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.06 |
The correlation between HGEN.AX and OOO.AX shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HGEN.AX vs. OOO.AX — Risk / Return Rank
HGEN.AX
OOO.AX
HGEN.AX vs. OOO.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.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 | OOO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.44 | +2.17 |
| Martin ratioReturn relative to average drawdown | 9.67 | 3.62 | +6.05 |
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Drawdowns
HGEN.AX vs. OOO.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, smaller than the maximum OOO.AX drawdown of -95.09%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and OOO.AX.
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Drawdown Indicators
| HGEN.AX | OOO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -95.09% | +22.55% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -33.79% | +8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -33.79% | -16.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.96% | — |
Current DrawdownCurrent decline from peak | -25.22% | -74.02% | +48.80% |
Average DrawdownAverage peak-to-trough decline | -47.63% | -64.58% | +16.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 13.72% | -4.22% |
Volatility
HGEN.AX vs. OOO.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) and Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) have volatilities of 13.18% and 12.86%, 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 | OOO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 12.86% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 32.95% | 61.15% | -28.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.74% | 64.88% | -18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 45.17% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 44.75% | -8.11% |
Dividends
HGEN.AX vs. OOO.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.78%, less than OOO.AX's 4.10% 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% |
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 4.10% | 0.00% | 4.68% | 0.00% | 19.05% | 28.49% | 16.20% | 5.92% | 3.11% | 0.00% | 0.00% | 1.06% |
Frequently Asked Questions
HGEN.AX and OOO.AX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and BetaShares.
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