HJEN vs. CMI
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJEN or CMI.
Key characteristics
HJEN | CMI | |
---|---|---|
YTD Return | -13.67% | 18.67% |
1Y Return | -22.03% | 23.90% |
3Y Return (Ann) | -23.17% | 6.67% |
Sharpe Ratio | -0.82 | 1.03 |
Daily Std Dev | 27.31% | 23.06% |
Max Drawdown | -59.71% | -75.67% |
Current Drawdown | -57.94% | -6.73% |
Correlation
The correlation between HJEN and CMI is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HJEN vs. CMI - Performance Comparison
In the year-to-date period, HJEN achieves a -13.67% return, which is significantly lower than CMI's 18.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HJEN vs. CMI - Risk-Adjusted Performance 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.
Dividends
HJEN vs. CMI - Dividend Comparison
HJEN's dividend yield for the trailing twelve months is around 1.69%, less than CMI's 2.34% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Direxion Hydrogen ETF | 1.69% | 1.50% | 1.24% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Cummins Inc. | 2.34% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% | 1.95% | 1.60% |
Drawdowns
HJEN vs. CMI - Drawdown Comparison
The maximum HJEN drawdown since its inception was -59.71%, smaller than the maximum CMI drawdown of -75.67%. Use the drawdown chart below to compare losses from any high point for HJEN and CMI. For additional features, visit the drawdowns tool.
Volatility
HJEN vs. CMI - Volatility Comparison
Direxion Hydrogen ETF (HJEN) has a higher volatility of 6.67% compared to Cummins Inc. (CMI) at 5.36%. This indicates that HJEN's price experiences larger fluctuations and is considered to be riskier than CMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.