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.
Correlation
The correlation between HJEN and CMI is 0.39, 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.
Performance
HJEN vs. CMI - Performance Comparison
Key characteristics
Returns By Period
HJEN
N/A
N/A
N/A
N/A
N/A
N/A
CMI
-18.77%
-13.40%
-15.19%
0.13%
17.02%
10.55%
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Risk-Adjusted Performance
HJEN vs. CMI — Risk-Adjusted Performance Rank
HJEN
CMI
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 has not paid dividends to shareholders, while CMI's dividend yield for the trailing twelve months is around 2.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 101.52% | 101.69% | 1.50% | 1.12% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMI Cummins Inc. | 2.53% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% | 1.95% |
Drawdowns
HJEN vs. CMI - Drawdown Comparison
Volatility
HJEN vs. CMI - Volatility Comparison
The current volatility for Direxion Hydrogen ETF (HJEN) is 0.00%, while Cummins Inc. (CMI) has a volatility of 16.83%. This indicates that HJEN experiences smaller price fluctuations and is considered to be less risky than CMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.