HGEN.AX vs. QMIX.AX
HGEN.AX (Global X Hydrogen ETF) and QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) are both Global Equities funds - HGEN.AX tracks the Global X Hydrogen Index while QMIX.AX tracks the SPDR Index. Both are passively managed. Over the past 3 years, HGEN.AX returned 12.54%/yr vs 15.74%/yr for QMIX.AX. At a 0.28 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. QMIX.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 QMIX.AX's 4.91% return.
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
QMIX.AX
- 1D
- 0.11%
- 1M
- 1.32%
- 6M
- 2.97%
- YTD
- 4.91%
- 1Y
- 12.46%
- 3Y*
- 15.74%
- 5Y*
- 11.84%
- 10Y*
- 12.58%
HGEN.AX vs. QMIX.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% |
QMIX.AX SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF | 4.91% | 12.23% | 24.29% | 18.07% | -6.97% | 8.52% |
Correlation
The correlation between HGEN.AX and QMIX.AX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.28 |
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Return for Risk
HGEN.AX vs. QMIX.AX — Risk / Return Rank
HGEN.AX
QMIX.AX
HGEN.AX vs. QMIX.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.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 | QMIX.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.64 | +1.97 |
| Martin ratioReturn relative to average drawdown | 9.67 | 5.21 | +4.45 |
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Drawdowns
HGEN.AX vs. QMIX.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than QMIX.AX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and QMIX.AX.
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Drawdown Indicators
| HGEN.AX | QMIX.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -22.24% | -50.30% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -7.75% | -17.39% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -10.87% | -38.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.24% | — |
Current DrawdownCurrent decline from peak | -25.22% | -1.01% | -24.21% |
Average DrawdownAverage peak-to-trough decline | -47.63% | -3.60% | -44.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 2.48% | +7.02% |
Volatility
HGEN.AX vs. QMIX.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) has a higher volatility of 13.18% compared to SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) at 1.84%. This indicates that HGEN.AX's price experiences larger fluctuations and is considered to be riskier than QMIX.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 | QMIX.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 1.84% | +11.34% |
Volatility (6M)Calculated over the trailing 6-month period | 32.95% | 7.06% | +25.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.74% | 8.57% | +38.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 12.81% | +23.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 13.23% | +23.41% |
Dividends
HGEN.AX vs. QMIX.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.78%, less than QMIX.AX's 4.45% 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% |
QMIX.AX SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF | 4.45% | 3.81% | 3.95% | 2.88% | 4.15% | 2.83% | 4.71% | 2.69% | 2.73% | 2.21% | 2.68% |
Frequently Asked Questions
HGEN.AX and QMIX.AX have a correlation of 0.25, 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 QMIX.AX tracks SPDR Index. They also come from different issuers: Global X and SPDR.
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