HJEN vs. PWER

Last updated Jun 4, 2026

HJEN (Direxion Hydrogen ETF) and PWER (Macquarie Energy Transition ETF) are both Alternative Energy Equities funds. HJEN is passively managed, while PWER is actively managed. At a 0.31 correlation, their price movements are largely independent. HJEN charges 0.45%/yr vs 0.80%/yr for PWER.

Performance

HJEN vs. PWER - Performance Comparison

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

Returns By Period

HJEN

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

PWER

• 1D: -1.00%
• 1M: 7.47%
• YTD: 31.35%
• 6M: 32.81%
• 1Y: 70.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HJEN vs. PWER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	4.76%
PWER Macquarie Energy Transition ETF	31.35%	35.28%	-3.50%	9.72%

Correlation

The correlation between HJEN and PWER is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.31

HJEN vs. PWER - Sectors Allocation Comparison

Sectors	HJEN	PWER
Industrials	31.7%	12.2%
Basic Materials	9.2%	41.0%
Energy	8.3%	41.1%
Technology	7.6%	3.8%
Financial Services	3.3%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.9%

Return for Risk

HJEN vs. PWER — Risk / Return Rank

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

PWER

PWER Risk / Return Rank: 93
PWER Sharpe Ratio Rank: 94
PWER Sortino Ratio Rank: 92
PWER Omega Ratio Rank: 90
PWER Calmar Ratio Rank: 95
PWER Martin Ratio Rank: 95

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. PWER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Macquarie Energy Transition ETF (PWER). 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	PWER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.24	—

Drawdowns

Drawdown Indicators

	HJEN	PWER	Difference
Max Drawdown Largest peak-to-trough decline	—	-29.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.07%	—
Current Drawdown Current decline from peak	—	-1.00%	—
Average Drawdown Average peak-to-trough decline	—	-6.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.19%	—

Volatility

Volatility by Period

	HJEN	PWER	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.37%	—

HJEN vs. PWER - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than PWER's 0.80% expense ratio.

Dividends

HJEN vs. PWER - Dividend Comparison

HJEN has not paid dividends to shareholders, while PWER's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
PWER Macquarie Energy Transition ETF	1.05%	1.37%	1.05%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HJEN and PWER in my portfolio?

HJEN and PWER have a correlation of 0.31, 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 PWER?

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 PWER?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.80% for PWER.

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

PWER has the higher dividend yield at 1.05%, compared with 0.00% for HJEN.

What is the main difference between HJEN and PWER?

They also come from different issuers: Direxion and Macquarie. Their fees differ too: 0.45% for HJEN and 0.80% for PWER.