HJEN vs. CNRG
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and SPDR S&P Kensho Clean Power ETF (CNRG).
HJEN and CNRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018. Both HJEN and CNRG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJEN or CNRG.
Key characteristics
| HJEN | CNRG |
|---|
Correlation
The correlation between HJEN and CNRG is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HJEN vs. CNRG - Performance Comparison
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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HJEN vs. CNRG - Expense Ratio Comparison
Both HJEN and CNRG have an expense ratio of 0.45%.
Risk-Adjusted Performance
HJEN vs. CNRG - Risk-Adjusted Performance 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.
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 1.73%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 102.11% | 1.50% | 1.12% | 0.76% | 0.00% | 0.00% | 0.00% |
CNRG SPDR S&P Kensho Clean Power ETF | 1.73% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% |
Drawdowns
HJEN vs. CNRG - Drawdown Comparison
Volatility
HJEN vs. CNRG - Volatility Comparison
The current volatility for Direxion Hydrogen ETF (HJEN) is 0.00%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 10.34%. This indicates that HJEN experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.