HJEN vs. RAYS

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Global X Solar ETF (RAYS).

HJEN and RAYS 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. RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021. Both HJEN and RAYS 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. 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.

HJEN vs. RAYS - Yearly Performance Comparison

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

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 - Expense Ratio Comparison

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

RAYS

Global X Solar ETF

HJEN

Direxion Hydrogen ETF

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.

Dividends

HJEN vs. RAYS - Dividend Comparison

Neither HJEN nor RAYS has paid dividends to shareholders.

	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%

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%	—