HJEN vs. QQQE

Last updated Jul 12, 2026

HJEN (Direxion Hydrogen ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - HJEN is a Alternative Energy Equities fund tracking the Indxx Hydrogen Economy Index - Benchmark TR Net, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. HJEN charges 0.45%/yr vs 0.35%/yr for QQQE.

Performance

HJEN vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Hydrogen ETF (HJEN) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJEN

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

QQQE

• 1D: 0.03%
• 1M: 0.96%
• 6M: 15.03%
• YTD: 18.26%
• 1Y: 23.27%
• 3Y*: 16.54%
• 5Y*: 9.19%
• 10Y*: 15.20%

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

HJEN vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-11.04%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	18.26%	14.58%	6.98%	33.76%	-24.47%	18.23%

Correlation

The correlation between HJEN and QQQE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.51

The correlation between HJEN and QQQE shifts across timeframes, from 0.26 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.

HJEN vs. QQQE - Sectors Allocation Comparison

Sectors	HJEN	QQQE
Industrials	22.7%	9.3%
Technology	16.5%	51.0%
Basic Materials	9.2%	0.8%
Energy	8.3%	1.7%
Financial Services	3.3%	0.8%
Communication Services	-	8.4%
Consumer Cyclical	-	9.8%
Consumer Defensive	-	7.0%
Healthcare	-	7.8%
Real Estate	-	0.7%
Utilities	-	3.4%

Return for Risk

HJEN vs. QQQE — 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.

QQQE

QQQE Risk / Return Rank: 54
QQQE Sharpe Ratio Rank: 52
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 49
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 58

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. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.44	—
Sortino ratio: Return per unit of downside risk	—	2.01	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.42	—
Martin ratio: Return relative to average drawdown	—	8.02	—

Drawdowns

Drawdown Indicators

	HJEN	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	—	-32.14%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	—	-1.57%	—
Average Drawdown Average peak-to-trough decline	—	-5.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	HJEN	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.56%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.74%	—

HJEN vs. QQQE - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

HJEN vs. QQQE - Dividend Comparison

HJEN has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.56%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%

Frequently Asked Questions

Can I hold both HJEN and QQQE in my portfolio?

HJEN and QQQE have a correlation of 0.51, 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 QQQE?

On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HJEN or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 0.45% for HJEN.

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

QQQE has the higher dividend yield at 0.56%, compared with 0.00% for HJEN.

What is the main difference between HJEN and QQQE?

HJEN is categorized as Alternative Energy Equities, while QQQE is Nasdaq-100. HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net, while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 0.45% for HJEN and 0.35% for QQQE.