HJEN vs. FRNW
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Fidelity Clean Energy ETF (FRNW).
HJEN and FRNW 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. FRNW is an actively managed fund by Fidelity. It was launched on Oct 5, 2021.
Performance
HJEN vs. FRNW - Performance Comparison
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HJEN vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 0.00% | 0.00% | -10.90% | -8.69% | -33.27% | 4.38% |
FRNW Fidelity Clean Energy ETF | 14.35% | 53.20% | -21.11% | -19.64% | -11.46% | -2.85% |
Returns By Period
HJEN
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRNW
- 1D
- 0.43%
- 1M
- 0.89%
- YTD
- 14.35%
- 6M
- 15.90%
- 1Y
- 81.48%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
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HJEN vs. FRNW - Expense Ratio Comparison
HJEN has a 0.45% expense ratio, which is higher than FRNW's 0.39% expense ratio.
Return for Risk
HJEN vs. FRNW — Risk / Return Rank
HJEN
FRNW
HJEN vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Fidelity Clean Energy ETF (FRNW). 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.
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Sharpe Ratios by Period
| HJEN | FRNW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | -0.04 | — |
Correlation
The correlation between HJEN and FRNW is 0.65, 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. FRNW - Dividend Comparison
HJEN has not paid dividends to shareholders, while FRNW's dividend yield for the trailing twelve months is around 1.10%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 0.00% | 0.00% | 0.91% | 1.50% | 1.24% | 0.76% |
FRNW Fidelity Clean Energy ETF | 1.10% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% |
Drawdowns
HJEN vs. FRNW - Drawdown Comparison
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Drawdown Indicators
| HJEN | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -59.37% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.58% | — |
Current DrawdownCurrent decline from peak | — | -17.42% | — |
Average DrawdownAverage peak-to-trough decline | — | -34.23% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.94% | — |
Volatility
HJEN vs. FRNW - Volatility Comparison
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Volatility by Period
| HJEN | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 27.10% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 28.45% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 28.45% | — |