HJEN vs. IBAT

Last updated Aug 2, 2026

HJEN (Direxion Hydrogen ETF) and IBAT (iShares Energy Storage & Materials ETF) are both Alternative Energy Equities funds - HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net while IBAT tracks the STOXX Global Energy Storage and Materials. Both are passively managed. Their 0.18 correlation means their historical movements had little consistent relationship. HJEN charges 0.45%/yr vs 0.47%/yr for IBAT.

Performance

HJEN vs. IBAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Hydrogen ETF (HJEN) and iShares Energy Storage & Materials ETF (IBAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJEN

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

IBAT

• 1D: 0.04%
• 1M: -12.41%
• 6M: 17.70%
• YTD: 32.65%
• 1Y: 63.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBAT iShares Energy Storage & Materials ETF	$1.10M	$1.47M	$2.33M

HJEN vs. IBAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.45%
IBAT iShares Energy Storage & Materials ETF	32.65%	32.09%	-13.29%

Correlation

The correlation between HJEN and IBAT is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.18

HJEN vs. IBAT - Sectors Allocation Comparison

Sectors	HJEN	IBAT
Industrials	31.7%	44.1%
Basic Materials	9.2%	32.2%
Energy	8.3%	1.8%
Technology	7.6%	21.1%
Financial Services	3.3%	-
Communication Services	-	-
Consumer Cyclical	-	2.2%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	0.3%

Return for Risk

HJEN vs. IBAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HJEN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBAT

IBAT Risk / Return Rank: 76
IBAT Sharpe Ratio Rank: 85
IBAT Sortino Ratio Rank: 76
IBAT Omega Ratio Rank: 78
IBAT Calmar Ratio Rank: 70
IBAT Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HJEN vs. IBAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and iShares Energy Storage & Materials ETF (IBAT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HJEN	IBAT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.98	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.42	—
Martin ratio: Return relative to average drawdown	—	8.73	—

Drawdowns

Drawdown Indicators

	HJEN	IBAT	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-25.85%	—
Current Drawdown Current decline from peak	—	-20.73%	—
Average Drawdown Average peak-to-trough decline	—	-8.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.15%	—

Volatility

Volatility by Period

	HJEN	IBAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	31.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.08%	—

HJEN vs. IBAT - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than IBAT's 0.47% expense ratio.

Dividends

HJEN vs. IBAT - Dividend Comparison

HJEN has not paid dividends to shareholders, while IBAT's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
IBAT iShares Energy Storage & Materials ETF	0.80%	1.15%	1.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HJEN and IBAT in my portfolio?

HJEN and IBAT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HJEN or IBAT?

On fees, HJEN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HJEN or IBAT?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.47% for IBAT.

Which ETF pays a higher dividend yield, HJEN or IBAT?

IBAT has the higher dividend yield at 0.80%, compared with 0.00% for HJEN.

What is the main difference between HJEN and IBAT?

HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net, while IBAT tracks STOXX Global Energy Storage and Materials. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.45% for HJEN and 0.47% for IBAT.