HJEN vs. RAYS

Last updated Jun 5, 2026

HJEN (Direxion Hydrogen ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds - HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net while RAYS tracks the Solactive Solar Index. Both are passively managed. HJEN charges 0.45%/yr vs 0.50%/yr for RAYS.

Performance

HJEN vs. RAYS - Performance Comparison

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

Returns By Period

HJEN

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

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HJEN vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
HJEN Direxion Hydrogen ETF	0.00%
RAYS Global X Solar ETF	0.00%

HJEN vs. RAYS - Sectors Allocation Comparison

Sectors	HJEN	RAYS
Industrials	31.7%	21.4%
Basic Materials	9.2%	0.9%
Energy	8.3%	-
Technology	7.6%	66.9%
Financial Services	3.3%	-
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	6.8%

Return for Risk

HJEN vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Global X Solar ETF (RAYS). 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.

Drawdowns

Drawdown Indicators

	HJEN	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	—	0.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	0.00%	—

Volatility

Volatility by Period

	HJEN	RAYS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	0.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.00%	—

HJEN vs. RAYS - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

HJEN vs. RAYS - Dividend Comparison

Neither HJEN nor RAYS has paid dividends to shareholders.

Position	TTM	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.91%	1.50%	1.24%	0.76%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HJEN or RAYS?

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 RAYS?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.50% for RAYS.

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

HJEN and RAYS have nearly identical dividend yields, around 0.00%.

What is the main difference between HJEN and RAYS?

HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net, while RAYS tracks Solactive Solar Index. They also come from different issuers: Direxion and Global X. Their fees differ too: 0.45% for HJEN and 0.50% for RAYS.