HGEN.AX vs. ROBO.AX
HGEN.AX (Global X Hydrogen ETF) and ROBO.AX (Global X ROBO Global Robotics & Automation ETF) are both Global Equities funds from Global X - HGEN.AX tracks the Global X Hydrogen Index while ROBO.AX tracks the Global X ROBO Global Robotics & Automation Index. Both are passively managed. Over the past 3 years, HGEN.AX returned 12.54%/yr vs 10.55%/yr for ROBO.AX. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
HGEN.AX vs. ROBO.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 ROBO.AX's 10.71% return.
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
ROBO.AX
- 1D
- -0.97%
- 1M
- -3.97%
- 6M
- 4.45%
- YTD
- 10.71%
- 1Y
- 25.10%
- 3Y*
- 10.55%
- 5Y*
- 6.26%
- 10Y*
- —
HGEN.AX vs. ROBO.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% |
ROBO.AX Global X ROBO Global Robotics & Automation ETF | 10.71% | 15.06% | 8.41% | 22.97% | -28.81% | 12.15% |
Correlation
The correlation between HGEN.AX and ROBO.AX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.63 |
The correlation between HGEN.AX and ROBO.AX has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
HGEN.AX vs. ROBO.AX — Risk / Return Rank
HGEN.AX
ROBO.AX
HGEN.AX vs. ROBO.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and Global X ROBO Global Robotics & Automation ETF (ROBO.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 | ROBO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.88 | +1.73 |
| Martin ratioReturn relative to average drawdown | 9.67 | 5.71 | +3.95 |
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Drawdowns
HGEN.AX vs. ROBO.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than ROBO.AX's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and ROBO.AX.
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Drawdown Indicators
| HGEN.AX | ROBO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -34.87% | -37.67% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -13.46% | -11.68% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -25.40% | -24.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.87% | — |
Current DrawdownCurrent decline from peak | -25.22% | -9.33% | -15.89% |
Average DrawdownAverage peak-to-trough decline | -47.63% | -9.97% | -37.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 4.49% | +5.01% |
Volatility
HGEN.AX vs. ROBO.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) has a higher volatility of 13.18% compared to Global X ROBO Global Robotics & Automation ETF (ROBO.AX) at 7.93%. This indicates that HGEN.AX's price experiences larger fluctuations and is considered to be riskier than ROBO.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 | ROBO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.18% | 7.93% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 32.95% | 19.03% | +13.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.74% | 22.37% | +24.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 20.03% | +16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 19.76% | +16.88% |
Dividends
HGEN.AX vs. ROBO.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.78%, less than ROBO.AX's 10.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 0.78% | 0.34% | 0.60% | 0.17% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
ROBO.AX Global X ROBO Global Robotics & Automation ETF | 10.35% | 0.20% | 0.19% | 0.53% | 8.00% | 8.53% | 0.62% | 0.31% | 2.09% |
Frequently Asked Questions
HGEN.AX and ROBO.AX have a correlation of 0.57, 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 ROBO.AX tracks Global X ROBO Global Robotics & Automation Index.
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