HJEN vs. REMX
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
HJEN and REMX 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. REMX is a passively managed fund by VanEck that tracks the performance of the MVIS Global Rare Earth/Strategic Metals Index. It was launched on Oct 27, 2010. Both HJEN and REMX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJEN or REMX.
Key characteristics
| HJEN | REMX | |
|---|---|---|
| YTD Return | -13.67% | -17.19% |
| 1Y Return | -22.03% | -34.72% |
| 3Y Return (Ann) | -23.17% | -11.94% |
| Sharpe Ratio | -0.82 | -1.11 |
| Daily Std Dev | 27.31% | 32.39% |
| Max Drawdown | -59.71% | -90.21% |
| Current Drawdown | -57.94% | -77.65% |
Correlation
The correlation between HJEN and REMX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HJEN vs. REMX - Performance Comparison
In the year-to-date period, HJEN achieves a -13.67% return, which is significantly higher than REMX's -17.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HJEN vs. REMX - Expense Ratio Comparison
HJEN has a 0.45% expense ratio, which is lower than REMX's 0.59% expense ratio.
Risk-Adjusted Performance
HJEN vs. REMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX). 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.
Dividends
HJEN vs. REMX - Dividend Comparison
HJEN's dividend yield for the trailing twelve months is around 1.69%, while REMX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 1.69% | 1.50% | 1.24% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REMX VanEck Vectors Rare Earth/Strategic Metals ETF | 0.00% | 0.00% | 1.56% | 5.25% | 0.81% | 1.60% | 12.43% | 2.89% | 2.23% | 4.77% | 1.53% | 0.23% |
Drawdowns
HJEN vs. REMX - Drawdown Comparison
The maximum HJEN drawdown since its inception was -59.71%, smaller than the maximum REMX drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for HJEN and REMX. For additional features, visit the drawdowns tool.
Volatility
HJEN vs. REMX - Volatility Comparison
The current volatility for Direxion Hydrogen ETF (HJEN) is 6.67%, while VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) has a volatility of 10.09%. This indicates that HJEN experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.