Correlation
The correlation between HYDR and HDRO is 0.57, 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.
HYDR vs. HDRO
Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and Defiance Next Gen H2 ETF (HDRO).
HYDR and HDRO 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. HDRO is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Hydrogen & NextGen Fuel Cell Index. It was launched on Mar 9, 2021. Both HYDR and HDRO 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 HDRO.
Performance
HYDR vs. HDRO - Performance Comparison
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Key characteristics
HYDR:
-1.05
HDRO:
0.59
HYDR:
-1.64
HDRO:
25.49
HYDR:
0.82
HDRO:
3.87
HYDR:
-0.51
HDRO:
5.02
HYDR:
-1.33
HDRO:
22.53
HYDR:
34.50%
HDRO:
18.94%
HYDR:
42.57%
HDRO:
721.08%
HYDR:
-89.28%
HDRO:
-85.00%
HYDR:
-87.19%
HDRO:
-32.84%
Returns By Period
In the year-to-date period, HYDR achieves a -19.84% return, which is significantly higher than HDRO's -25.39% return.
HYDR
-19.84%
9.30%
-27.61%
-44.26%
-36.39%
N/A
N/A
HDRO
-25.39%
0.00%
-31.21%
328.76%
23.27%
N/A
N/A
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HYDR vs. HDRO - Expense Ratio Comparison
HYDR has a 0.50% expense ratio, which is higher than HDRO's 0.30% expense ratio.
Risk-Adjusted Performance
HYDR vs. HDRO — Risk-Adjusted Performance Rank
HYDR
HDRO
HYDR vs. HDRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and Defiance Next Gen H2 ETF (HDRO). 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.
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Dividends
HYDR vs. HDRO - Dividend Comparison
HYDR's dividend yield for the trailing twelve months is around 0.50%, less than HDRO's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 0.50% | 0.40% | 0.00% | 0.00% | 0.06% |
HDRO Defiance Next Gen H2 ETF | 0.57% | 0.43% | 1.61% | 0.00% | 0.20% |
Drawdowns
HYDR vs. HDRO - Drawdown Comparison
The maximum HYDR drawdown since its inception was -89.28%, which is greater than HDRO's maximum drawdown of -85.00%. Use the drawdown chart below to compare losses from any high point for HYDR and HDRO.
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Volatility
HYDR vs. HDRO - Volatility Comparison
The current volatility for Global X Hydrogen ETF (HYDR) is 8.30%, while Defiance Next Gen H2 ETF (HDRO) has a volatility of 11.82%. This indicates that HYDR experiences smaller price fluctuations and is considered to be less risky than HDRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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