HJEN vs. CMI

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Cummins Inc. (CMI).

HJEN is a passively managed fund by Direxion that tracks the performance of the Indxx Hydrogen Economy Index - Benchmark TR Net. It was launched on Mar 25, 2021.

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.

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.	8.13%	49.36%	48.92%	1.72%	14.09%	-14.99%

Returns By Period

HJEN

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

CMI

• 1D: 2.24%
• 1M: -5.22%
• YTD: 8.13%
• 6M: 30.54%
• 1Y: 77.68%
• 3Y*: 35.10%
• 5Y*: 19.18%
• 10Y*: 20.59%

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

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: 92
CMI Sharpe Ratio Rank: 92
CMI Sortino Ratio Rank: 90
CMI Omega Ratio Rank: 90
CMI Calmar Ratio Rank: 93
CMI Martin Ratio Rank: 95

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	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.37	—

Correlation

The correlation between HJEN and CMI is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 1.42%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CMI Cummins Inc.	1.42%	1.50%	2.01%	2.71%	2.49%	2.57%	2.33%	2.74%	3.32%	2.38%	2.93%	3.99%

Drawdowns

Drawdown Indicators

	HJEN	CMI	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.52%	—
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	—	-8.87%	—
Average Drawdown Average peak-to-trough decline	—	-22.31%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.95%	—

Volatility

Volatility by Period

	HJEN	CMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	34.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.88%	—