HJEN vs. HYDR
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Global X Hydrogen ETF (HYDR).
HJEN and HYDR 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. HYDR is a passively managed fund by Global X that tracks the performance of the Solactive Global Hydrogen Index - Benchmark TR Net. It was launched on Jul 12, 2021. Both HJEN and HYDR 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 HYDR.
Key characteristics
| HJEN | HYDR | |
|---|---|---|
| YTD Return | -13.67% | -24.46% |
| 1Y Return | -22.03% | -46.07% |
| Sharpe Ratio | -0.82 | -1.21 |
| Daily Std Dev | 27.31% | 38.15% |
| Max Drawdown | -59.71% | -82.90% |
| Current Drawdown | -57.94% | -81.96% |
Correlation
The correlation between HJEN and HYDR 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. HYDR - Performance Comparison
In the year-to-date period, HJEN achieves a -13.67% return, which is significantly higher than HYDR's -24.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HJEN vs. HYDR - Expense Ratio Comparison
HJEN has a 0.45% expense ratio, which is lower than HYDR's 0.50% expense ratio.
Risk-Adjusted Performance
HJEN vs. HYDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Global X Hydrogen ETF (HYDR). 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. HYDR - Dividend Comparison
HJEN's dividend yield for the trailing twelve months is around 1.69%, while HYDR has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 1.69% | 1.50% | 1.24% | 0.76% |
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% |
Drawdowns
HJEN vs. HYDR - Drawdown Comparison
The maximum HJEN drawdown since its inception was -59.71%, smaller than the maximum HYDR drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for HJEN and HYDR. For additional features, visit the drawdowns tool.
Volatility
HJEN vs. HYDR - Volatility Comparison
The current volatility for Direxion Hydrogen ETF (HJEN) is 6.67%, while Global X Hydrogen ETF (HYDR) has a volatility of 11.07%. This indicates that HJEN experiences smaller price fluctuations and is considered to be less risky than HYDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.