HJEN vs. LCTD

Last updated Jul 12, 2026

HJEN (Direxion Hydrogen ETF) and LCTD (BlackRock World ex U.S. Carbon Transition Readiness ETF) are both Alternative Energy Equities funds. HJEN is passively managed, while LCTD is actively managed. At a 0.50 correlation, their price movements are largely independent. HJEN charges 0.45%/yr vs 0.20%/yr for LCTD.

Performance

HJEN vs. LCTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Hydrogen ETF (HJEN) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJEN

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

LCTD

• 1D: 0.16%
• 1M: 0.84%
• 6M: 5.01%
• YTD: 7.91%
• 1Y: 18.69%
• 3Y*: 15.31%
• 5Y*: 7.31%
• 10Y*: —

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

HJEN vs. LCTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-16.24%
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	7.91%	30.42%	3.14%	17.10%	-16.16%	4.48%

Correlation

The correlation between HJEN and LCTD is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021	0.50

The correlation between HJEN and LCTD shifts across timeframes, from 0.30 (3 years) to 0.50 (5 years), reflecting how their relationship changes across market environments.

HJEN vs. LCTD - Sectors Allocation Comparison

Sectors	HJEN	LCTD
Industrials	22.7%	16.8%
Technology	16.5%	12.0%
Basic Materials	9.2%	6.7%
Energy	8.3%	4.7%
Financial Services	3.3%	26.9%
Communication Services	-	3.4%
Consumer Cyclical	-	7.5%
Consumer Defensive	-	5.7%
Healthcare	-	9.7%
Real Estate	-	1.5%
Utilities	-	3.5%

Return for Risk

HJEN vs. LCTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

LCTD

LCTD Risk / Return Rank: 41
LCTD Sharpe Ratio Rank: 41
LCTD Sortino Ratio Rank: 41
LCTD Omega Ratio Rank: 39
LCTD Calmar Ratio Rank: 40
LCTD Martin Ratio Rank: 43

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. LCTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). 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	LCTD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.18	—
Sortino ratio: Return per unit of downside risk	—	1.73	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.62	—
Martin ratio: Return relative to average drawdown	—	5.62	—

Drawdowns

Drawdown Indicators

	HJEN	LCTD	Difference
Max Drawdown Largest peak-to-trough decline	—	-29.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.82%	—
Current Drawdown Current decline from peak	—	-1.79%	—
Average Drawdown Average peak-to-trough decline	—	-6.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.16%	—

Volatility

Volatility by Period

	HJEN	LCTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.20%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.05%	—

HJEN vs. LCTD - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is higher than LCTD's 0.20% expense ratio.

Dividends

HJEN vs. LCTD - Dividend Comparison

HJEN has not paid dividends to shareholders, while LCTD's dividend yield for the trailing twelve months is around 3.37%.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF	3.37%	3.61%	3.74%	3.16%	3.52%	2.20%

Frequently Asked Questions

Can I hold both HJEN and LCTD in my portfolio?

HJEN and LCTD have a correlation of 0.50, 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 LCTD?

On fees, LCTD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HJEN or LCTD?

LCTD is cheaper with a 0.20% expense ratio, compared with 0.45% for HJEN.

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

LCTD has the higher dividend yield at 3.37%, compared with 0.00% for HJEN.

What is the main difference between HJEN and LCTD?

They also come from different issuers: Direxion and BlackRock. Their fees differ too: 0.45% for HJEN and 0.20% for LCTD.