HJEN vs. TAN

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Invesco Solar ETF (TAN).

HJEN and TAN 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. TAN is a passively managed fund by Invesco that tracks the performance of the MAC Global Solar Energy Index. It was launched on Apr 15, 2008. Both HJEN and TAN 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. TAN - Performance Comparison

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

HJEN vs. TAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-13.86%
TAN Invesco Solar ETF	14.56%	48.31%	-37.61%	-26.79%	-5.24%	-9.65%

Returns By Period

HJEN

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

TAN

• 1D: 1.01%
• 1M: -0.16%
• YTD: 14.56%
• 6M: 24.82%
• 1Y: 82.69%
• 3Y*: -10.00%
• 5Y*: -9.00%
• 10Y*: 10.44%

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

HJEN vs. TAN - Expense Ratio Comparison

HJEN has a 0.45% expense ratio, which is lower than TAN's 0.69% expense ratio.

TAN

Invesco Solar ETF

HJEN

Direxion Hydrogen ETF

Return for Risk

HJEN vs. TAN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAN

TAN Risk / Return Rank: 91
TAN Sharpe Ratio Rank: 91
TAN Sortino Ratio Rank: 91
TAN Omega Ratio Rank: 82
TAN Calmar Ratio Rank: 97
TAN Martin Ratio Rank: 93

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. TAN - Risk-Adjusted Trends Comparison

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

Sharpe Ratios by Period

	HJEN	TAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.15	—

Correlation

The correlation between HJEN and TAN is 0.60, 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.

Dividends

HJEN vs. TAN - Dividend Comparison

Neither HJEN nor TAN has paid dividends to shareholders.

	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%
TAN Invesco Solar ETF	0.00%	0.00%	0.50%	0.09%	0.00%	0.00%	0.09%	0.30%	0.69%	1.77%	5.04%	1.60%

Drawdowns

Drawdown Indicators

	HJEN	TAN	Difference
Max Drawdown Largest peak-to-trough decline	—	-95.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-78.53%	—
Current Drawdown Current decline from peak	—	-74.16%	—
Average Drawdown Average peak-to-trough decline	—	-78.57%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.15%	—

Volatility

Volatility by Period

	HJEN	TAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	39.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	39.82%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	37.78%	—