HGEN.AX vs. VVLU.AX
HGEN.AX (Global X Hydrogen ETF) and VVLU.AX (Vanguard Global Value Equity Active ETF) are both Global Equities funds. HGEN.AX is passively managed, while VVLU.AX is actively managed. Over the past 3 years, HGEN.AX returned 9.56%/yr vs 18.19%/yr for VVLU.AX. At a 0.40 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. VVLU.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 VVLU.AX's 9.72% return.
HGEN.AX
- 1D
- -6.71%
- 1M
- -22.55%
- 6M
- 6.70%
- YTD
- 34.18%
- 1Y
- 81.42%
- 3Y*
- 9.56%
- 5Y*
- —
- 10Y*
- —
VVLU.AX
- 1D
- 0.82%
- 1M
- 4.87%
- 6M
- 6.75%
- YTD
- 9.72%
- 1Y
- 22.93%
- 3Y*
- 18.19%
- 5Y*
- 14.07%
- 10Y*
- —
HGEN.AX vs. VVLU.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% |
VVLU.AX Vanguard Global Value Equity Active ETF | 9.72% | 18.04% | 15.87% | 18.15% | 0.35% | 3.58% |
Correlation
The correlation between HGEN.AX and VVLU.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.40 |
Over the past year, the correlation between HGEN.AX and VVLU.AX has dropped to 0.11 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
HGEN.AX vs. VVLU.AX — Risk / Return Rank
HGEN.AX
VVLU.AX
HGEN.AX vs. VVLU.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and Vanguard Global Value Equity Active ETF (VVLU.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 | VVLU.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.39 | +0.32 |
| Martin ratioReturn relative to average drawdown | 8.25 | 8.07 | +0.18 |
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Drawdowns
HGEN.AX vs. VVLU.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than VVLU.AX's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and VVLU.AX.
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Drawdown Indicators
| HGEN.AX | VVLU.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -36.95% | -35.59% |
Max Drawdown (1Y)Largest decline over 1 year | -29.11% | -9.30% | -19.81% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -14.80% | -35.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.80% | — |
Current DrawdownCurrent decline from peak | -30.24% | 0.00% | -30.24% |
Average DrawdownAverage peak-to-trough decline | -47.61% | -6.22% | -41.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 2.78% | +6.90% |
Volatility
HGEN.AX vs. VVLU.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) has a higher volatility of 14.51% compared to Vanguard Global Value Equity Active ETF (VVLU.AX) at 3.43%. This indicates that HGEN.AX's price experiences larger fluctuations and is considered to be riskier than VVLU.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 | VVLU.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.51% | 3.43% | +11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 33.68% | 10.98% | +22.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.24% | 13.62% | +33.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 14.94% | +21.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.75% | 17.96% | +18.79% |
Dividends
HGEN.AX vs. VVLU.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.83%, less than VVLU.AX's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 0.83% | 0.34% | 0.60% | 0.17% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
VVLU.AX Vanguard Global Value Equity Active ETF | 10.90% | 7.07% | 3.21% | 5.22% | 2.63% | 1.36% | 2.21% | 2.31% | 0.46% |
Frequently Asked Questions
HGEN.AX and VVLU.AX have a correlation of 0.11, 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 Vanguard.
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