HJEN vs. HDRO
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Defiance Next Gen H2 ETF (HDRO).
HJEN and HDRO 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. HDRO is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Hydrogen & NextGen Fuel Cell Index. It was launched on Mar 9, 2021. Both HJEN and HDRO 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 HDRO.
Key characteristics
| HJEN | HDRO | |
|---|---|---|
| YTD Return | -13.67% | -23.41% |
| 1Y Return | -22.03% | -43.79% |
| 3Y Return (Ann) | -23.17% | -42.07% |
| Sharpe Ratio | -0.82 | -1.30 |
| Daily Std Dev | 27.31% | 33.58% |
| Max Drawdown | -59.71% | -84.06% |
| Current Drawdown | -57.94% | -83.25% |
Correlation
The correlation between HJEN and HDRO is 0.92, 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. HDRO - Performance Comparison
In the year-to-date period, HJEN achieves a -13.67% return, which is significantly higher than HDRO's -23.41% return. 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. HDRO - Expense Ratio Comparison
HJEN has a 0.45% expense ratio, which is higher than HDRO's 0.30% expense ratio.
Risk-Adjusted Performance
HJEN vs. HDRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Defiance Next Gen H2 ETF (HDRO). 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. HDRO - Dividend Comparison
HJEN's dividend yield for the trailing twelve months is around 1.69%, more than HDRO's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 1.69% | 1.50% | 1.24% | 0.76% |
HDRO Defiance Next Gen H2 ETF | 0.26% | 0.20% | 0.00% | 0.02% |
Drawdowns
HJEN vs. HDRO - Drawdown Comparison
The maximum HJEN drawdown since its inception was -59.71%, smaller than the maximum HDRO drawdown of -84.06%. Use the drawdown chart below to compare losses from any high point for HJEN and HDRO. For additional features, visit the drawdowns tool.
Volatility
HJEN vs. HDRO - Volatility Comparison
The current volatility for Direxion Hydrogen ETF (HJEN) is 6.67%, while Defiance Next Gen H2 ETF (HDRO) has a volatility of 10.72%. This indicates that HJEN experiences smaller price fluctuations and is considered to be less risky than HDRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.