HYDR vs. BLX.TO
Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and Boralex Inc. (BLX.TO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYDR or BLX.TO.
Key characteristics
| HYDR | BLX.TO | |
|---|---|---|
| YTD Return | -40.09% | -0.83% |
| 1Y Return | -36.70% | 11.46% |
| 3Y Return (Ann) | -46.95% | -2.94% |
| Sharpe Ratio | -0.92 | 0.44 |
| Sortino Ratio | -1.30 | 0.87 |
| Omega Ratio | 0.86 | 1.10 |
| Calmar Ratio | -0.41 | 0.24 |
| Martin Ratio | -1.47 | 1.19 |
| Ulcer Index | 24.14% | 10.15% |
| Daily Std Dev | 38.54% | 27.39% |
| Max Drawdown | -85.83% | -73.68% |
| Current Drawdown | -85.70% | -36.52% |
Correlation
The correlation between HYDR and BLX.TO is 0.43, 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. BLX.TO - Performance Comparison
In the year-to-date period, HYDR achieves a -40.09% return, which is significantly lower than BLX.TO's -0.83% 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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Risk-Adjusted Performance
HYDR vs. BLX.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and Boralex Inc. (BLX.TO). 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. BLX.TO - Dividend Comparison
HYDR has not paid dividends to shareholders, while BLX.TO's dividend yield for the trailing twelve months is around 2.07%.
| 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% |
BLX.TO Boralex Inc. | 2.07% | 2.02% | 1.70% | 1.96% | 1.44% | 2.72% | 3.74% | 2.55% | 2.87% | 3.60% | 4.05% |
Drawdowns
HYDR vs. BLX.TO - Drawdown Comparison
The maximum HYDR drawdown since its inception was -85.83%, which is greater than BLX.TO's maximum drawdown of -73.68%. Use the drawdown chart below to compare losses from any high point for HYDR and BLX.TO. For additional features, visit the drawdowns tool.
Volatility
HYDR vs. BLX.TO - Volatility Comparison
Global X Hydrogen ETF (HYDR) has a higher volatility of 13.55% compared to Boralex Inc. (BLX.TO) at 8.14%. This indicates that HYDR's price experiences larger fluctuations and is considered to be riskier than BLX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.