HJEN vs. RTM
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Invesco S&P 500® Equal Weight Materials ETF (RTM).
HJEN and RTM 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. RTM is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Materials -SEC. It was launched on Nov 1, 2006. Both HJEN and RTM 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 RTM.
Key characteristics
| HJEN | RTM | |
|---|---|---|
| YTD Return | -13.67% | 3.13% |
| 1Y Return | -22.03% | 9.79% |
| 3Y Return (Ann) | -23.17% | 3.47% |
| Sharpe Ratio | -0.82 | 0.60 |
| Daily Std Dev | 27.31% | 16.36% |
| Max Drawdown | -59.71% | -57.93% |
| Current Drawdown | -57.94% | -5.29% |
Correlation
The correlation between HJEN and RTM is 0.58, 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. RTM - Performance Comparison
In the year-to-date period, HJEN achieves a -13.67% return, which is significantly lower than RTM's 3.13% 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. RTM - Expense Ratio Comparison
HJEN has a 0.45% expense ratio, which is higher than RTM's 0.40% expense ratio.
Risk-Adjusted Performance
HJEN vs. RTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Invesco S&P 500® Equal Weight Materials ETF (RTM). 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. RTM - Dividend Comparison
HJEN's dividend yield for the trailing twelve months is around 1.69%, less than RTM's 1.99% yield.
| 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% |
RTM Invesco S&P 500® Equal Weight Materials ETF | 1.99% | 2.05% | 2.19% | 1.43% | 1.57% | 1.81% | 1.83% | 1.50% | 1.28% | 1.57% | 1.45% | 1.36% |
Drawdowns
HJEN vs. RTM - Drawdown Comparison
The maximum HJEN drawdown since its inception was -59.71%, roughly equal to the maximum RTM drawdown of -57.93%. Use the drawdown chart below to compare losses from any high point for HJEN and RTM. For additional features, visit the drawdowns tool.
Volatility
HJEN vs. RTM - Volatility Comparison
Direxion Hydrogen ETF (HJEN) has a higher volatility of 6.67% compared to Invesco S&P 500® Equal Weight Materials ETF (RTM) at 4.33%. This indicates that HJEN's price experiences larger fluctuations and is considered to be riskier than RTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.