HJEN vs. CNRG

Last updated Jun 5, 2026

HJEN (Direxion Hydrogen ETF) and CNRG (SPDR S&P Kensho Clean Power ETF) are both Alternative Energy Equities funds - HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net while CNRG tracks the S&P Kensho Clean Power Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

HJEN vs. CNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Hydrogen ETF (HJEN) and SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJEN

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

CNRG

• 1D: 0.22%
• 1M: 14.21%
• YTD: 36.98%
• 6M: 26.99%
• 1Y: 119.71%
• 3Y*: 15.60%
• 5Y*: 5.26%
• 10Y*: —

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

HJEN vs. CNRG - 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%
CNRG SPDR S&P Kensho Clean Power ETF	36.98%	50.23%	-14.48%	-11.55%	-7.98%	-14.99%

Correlation

The correlation between HJEN and CNRG is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.62

The correlation between HJEN and CNRG shifts across timeframes, from 0.43 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

HJEN vs. CNRG - Sectors Allocation Comparison

Sectors	HJEN	CNRG
Industrials	31.7%	41.2%
Basic Materials	9.2%	-
Energy	8.3%	3.0%
Technology	7.6%	29.1%
Financial Services	3.3%	-
Communication Services	-	-
Consumer Cyclical	-	1.6%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	25.2%

Return for Risk

HJEN vs. CNRG — Risk / Return Rank

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

CNRG

CNRG Risk / Return Rank: 86
CNRG Sharpe Ratio Rank: 92
CNRG Sortino Ratio Rank: 82
CNRG Omega Ratio Rank: 79
CNRG Calmar Ratio Rank: 93
CNRG Martin Ratio Rank: 85

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. CNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and SPDR S&P Kensho Clean Power ETF (CNRG). 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	CNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.62	—

Drawdowns

Drawdown Indicators

	HJEN	CNRG	Difference
Max Drawdown Largest peak-to-trough decline	—	-68.49%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.17%	—
Current Drawdown Current decline from peak	—	-10.92%	—
Average Drawdown Average peak-to-trough decline	—	-31.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.90%	—

Volatility

Volatility by Period

	HJEN	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	36.33%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	33.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.77%	—

HJEN vs. CNRG - Expense Ratio Comparison

Both HJEN and CNRG have an expense ratio of 0.45%.

Dividends

HJEN vs. CNRG - Dividend Comparison

HJEN has not paid dividends to shareholders, while CNRG's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CNRG SPDR S&P Kensho Clean Power ETF	1.01%	1.46%	1.34%	1.17%	1.23%	1.34%	0.69%	1.16%	0.35%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HJEN and CNRG in my portfolio?

HJEN and CNRG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HJEN or CNRG?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HJEN or CNRG?

HJEN and CNRG have the same expense ratio: 0.45% per year.

Which ETF pays a higher dividend yield, HJEN or CNRG?

CNRG has the higher dividend yield at 1.01%, compared with 0.00% for HJEN.

What is the main difference between HJEN and CNRG?

HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net, while CNRG tracks S&P Kensho Clean Power Index. They also come from different issuers: Direxion and State Street.