HJEN vs. IBAT

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and iShares Energy Storage & Materials ETF (IBAT).

HJEN and IBAT 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. IBAT is a passively managed fund by iShares that tracks the performance of the STOXX Global Energy Storage and Materials. It was launched on Mar 19, 2024. Both HJEN and IBAT 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. 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.

HJEN vs. IBAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-0.38%
IBAT iShares Energy Storage & Materials ETF	18.93%	32.09%	-13.19%

Returns By Period

HJEN

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

IBAT

• 1D: 3.41%
• 1M: -5.33%
• YTD: 18.93%
• 6M: 21.28%
• 1Y: 63.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HJEN vs. IBAT - Expense Ratio Comparison

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

IBAT

iShares Energy Storage & Materials ETF

HJEN

Direxion Hydrogen ETF

Return for Risk

HJEN vs. IBAT — Risk / Return Rank

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

IBAT

IBAT Risk / Return Rank: 94
IBAT Sharpe Ratio Rank: 95
IBAT Sortino Ratio Rank: 95
IBAT Omega Ratio Rank: 92
IBAT Calmar Ratio Rank: 96
IBAT Martin Ratio Rank: 91

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. 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.

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

Sharpe Ratios by Period

	HJEN	IBAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.73	—

Correlation

The correlation between HJEN and IBAT is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 0.97%.

	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	0.97%	1.15%	1.37%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	HJEN	IBAT	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.12%	—
Current Drawdown Current decline from peak	—	-7.49%	—
Average Drawdown Average peak-to-trough decline	—	-8.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.90%	—

Volatility

Volatility by Period

	HJEN	IBAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.85%	—