HJEN vs. CTEX

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and ProShares S&P Kensho Cleantech ETF (CTEX).

HJEN and CTEX 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. CTEX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Cleantech Index. It was launched on Sep 29, 2021. Both HJEN and CTEX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HJEN vs. CTEX - Performance Comparison

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

HJEN vs. CTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	2.00%
CTEX ProShares S&P Kensho Cleantech ETF	-2.49%	67.74%	-20.38%	-10.25%	-20.38%	-6.68%

Returns By Period

HJEN

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

CTEX

• 1D: 3.45%
• 1M: -4.04%
• YTD: -2.49%
• 6M: 13.04%
• 1Y: 101.45%
• 3Y*: 1.55%
• 5Y*: —
• 10Y*: —

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

HJEN vs. CTEX - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than CTEX's 0.58% expense ratio.

CTEX

ProShares S&P Kensho Cleantech ETF

HJEN

Direxion Hydrogen ETF

Return for Risk

HJEN vs. CTEX — Risk / Return Rank

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

CTEX

CTEX Risk / Return Rank: 92
CTEX Sharpe Ratio Rank: 95
CTEX Sortino Ratio Rank: 92
CTEX Omega Ratio Rank: 86
CTEX Calmar Ratio Rank: 96
CTEX Martin Ratio Rank: 93

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. CTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and ProShares S&P Kensho Cleantech ETF (CTEX). 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	CTEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.07	—

Correlation

The correlation between HJEN and CTEX is 0.63, 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.

Dividends

HJEN vs. CTEX - Dividend Comparison

HJEN has not paid dividends to shareholders, while CTEX's dividend yield for the trailing twelve months is around 2.15%.

	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
CTEX ProShares S&P Kensho Cleantech ETF	2.15%	2.17%	0.57%	0.12%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	HJEN	CTEX	Difference
Max Drawdown Largest peak-to-trough decline	—	-70.31%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-21.62%	—
Current Drawdown Current decline from peak	—	-31.12%	—
Average Drawdown Average peak-to-trough decline	—	-42.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.52%	—

Volatility

Volatility by Period

	HJEN	CTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	43.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	43.17%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	43.17%	—