HYDR vs. AIRR
Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and First Trust RBA American Industrial Renaissance ETF (AIRR).
HYDR and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDR is a passively managed fund by Global X that tracks the performance of the Solactive Global Hydrogen Index - Benchmark TR Net. It was launched on Jul 12, 2021. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both HYDR and AIRR 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: HYDR or AIRR.
Key characteristics
| HYDR | AIRR | |
|---|---|---|
| YTD Return | -40.09% | 42.76% |
| 1Y Return | -36.70% | 61.17% |
| 3Y Return (Ann) | -46.95% | 20.62% |
| Sharpe Ratio | -0.92 | 2.55 |
| Sortino Ratio | -1.30 | 3.33 |
| Omega Ratio | 0.86 | 1.41 |
| Calmar Ratio | -0.41 | 6.12 |
| Martin Ratio | -1.47 | 15.06 |
| Ulcer Index | 24.14% | 4.09% |
| Daily Std Dev | 38.54% | 24.16% |
| Max Drawdown | -85.83% | -42.37% |
| Current Drawdown | -85.70% | -3.59% |
Correlation
The correlation between HYDR and AIRR is 0.64, 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
HYDR vs. AIRR - Performance Comparison
In the year-to-date period, HYDR achieves a -40.09% return, which is significantly lower than AIRR's 42.76% 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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HYDR vs. AIRR - Expense Ratio Comparison
HYDR has a 0.50% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
HYDR vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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
HYDR vs. AIRR - Dividend Comparison
HYDR has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
Drawdowns
HYDR vs. AIRR - Drawdown Comparison
The maximum HYDR drawdown since its inception was -85.83%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for HYDR and AIRR. For additional features, visit the drawdowns tool.
Volatility
HYDR vs. AIRR - Volatility Comparison
Global X Hydrogen ETF (HYDR) has a higher volatility of 13.55% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.46%. This indicates that HYDR's price experiences larger fluctuations and is considered to be riskier than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.