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.
Correlation
The correlation between HYDR and HDRO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYDR vs. HDRO - Performance Comparison
Key characteristics
HYDR:
-0.60
HDRO:
-0.71
HYDR:
-0.68
HDRO:
-0.89
HYDR:
0.92
HDRO:
0.90
HYDR:
-0.29
HDRO:
-0.30
HYDR:
-1.00
HDRO:
-1.08
HYDR:
25.02%
HDRO:
23.90%
HYDR:
41.84%
HDRO:
36.24%
HYDR:
-85.83%
HDRO:
-86.99%
HYDR:
-85.55%
HDRO:
-86.54%
Returns By Period
In the year-to-date period, HYDR achieves a -9.55% return, which is significantly lower than HDRO's -8.94% return.
HYDR
-9.55%
-7.09%
-17.02%
-21.97%
N/A
N/A
HDRO
-8.94%
-4.63%
-17.55%
-24.09%
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.
Dividends
HYDR vs. HDRO - Dividend Comparison
HYDR's dividend yield for the trailing twelve months is around 0.44%, less than HDRO's 0.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 0.44% | 0.40% | 0.00% | 0.00% | 0.06% |
HDRO Defiance Next Gen H2 ETF | 0.47% | 0.43% | 0.20% | 0.00% | 0.00% |
Drawdowns
HYDR vs. HDRO - Drawdown Comparison
The maximum HYDR drawdown since its inception was -85.83%, roughly equal to the maximum HDRO drawdown of -86.99%. Use the drawdown chart below to compare losses from any high point for HYDR and HDRO. For additional features, visit the drawdowns tool.
Volatility
HYDR vs. HDRO - Volatility Comparison
Global X Hydrogen ETF (HYDR) has a higher volatility of 14.09% compared to Defiance Next Gen H2 ETF (HDRO) at 9.08%. This indicates that HYDR's price experiences larger fluctuations and is considered to be riskier than HDRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.