HJEN vs. CMI

Last updated Jun 3, 2026

HJEN (Direxion Hydrogen ETF) is Alternative Energy Equities fund tracking the Indxx Hydrogen Economy Index - Benchmark TR Net, while CMI (Cummins Inc.) is a stock. At a 0.33 correlation, their price movements are largely independent.

Performance

HJEN vs. CMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Hydrogen ETF (HJEN) and Cummins Inc. (CMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJEN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMI

• 1D: 4.53%
• 1M: 2.64%
• YTD: 32.64%
• 6M: 35.01%
• 1Y: 115.43%
• 3Y*: 48.78%
• 5Y*: 23.71%
• 10Y*: 22.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HJEN vs. CMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-13.86%
CMI Cummins Inc.	32.64%	49.36%	48.92%	1.72%	14.09%	-14.99%

Correlation

The correlation between HJEN and CMI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.33

The correlation between HJEN and CMI shifts across timeframes, from 0.23 (3 years) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HJEN vs. CMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMI

CMI Risk / Return Rank: 95
CMI Sharpe Ratio Rank: 96
CMI Sortino Ratio Rank: 95
CMI Omega Ratio Rank: 94
CMI Calmar Ratio Rank: 95
CMI Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HJEN vs. CMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Cummins Inc. (CMI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HJEN	CMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Drawdowns

Drawdown Indicators

	HJEN	CMI	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.05%	—
Current Drawdown Current decline from peak	—	-5.82%	—
Average Drawdown Average peak-to-trough decline	—	-22.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.09%	—

Volatility

Volatility by Period

	HJEN	CMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.63%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.23%	—

Dividends

HJEN vs. CMI - Dividend Comparison

HJEN has not paid dividends to shareholders, while CMI's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMI Cummins Inc.	1.19%	1.50%	2.01%	2.71%	2.49%	2.57%	2.33%	2.74%	3.32%	2.38%	2.93%	3.99%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HJEN and CMI in my portfolio?

HJEN and CMI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.