HYDR vs. HJEN

Last updated Jun 6, 2026

HYDR (Global X Hydrogen ETF) and HJEN (Direxion Hydrogen ETF) are both Alternative Energy Equities funds - HYDR tracks the Solactive Global Hydrogen Index - Benchmark TR Net while HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. HYDR charges 0.50%/yr vs 0.45%/yr for HJEN.

Performance

HYDR vs. HJEN - Performance Comparison

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

Returns By Period

HYDR

• 1D: -10.38%
• 1M: -10.89%
• YTD: 81.00%
• 6M: 55.00%
• 1Y: 205.99%
• 3Y*: 9.63%
• 5Y*: —
• 10Y*: —

HJEN

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

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

HYDR vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	81.00%	43.73%	-33.08%	-36.49%	-47.24%	-13.89%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-3.29%

Correlation

The correlation between HYDR and HJEN is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.69

The correlation between HYDR and HJEN shifts across timeframes, from 0.48 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.

HYDR vs. HJEN - Sectors Allocation Comparison

Sectors	HYDR	HJEN
Industrials	84.7%	31.7%
Basic Materials	2.4%	9.2%
Consumer Cyclical	2.3%	-
Technology	0.5%	7.6%
Energy	0.4%	8.3%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	3.3%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HYDR vs. HJEN — Risk / Return Rank

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

HYDR

HYDR Risk / Return Rank: 89
HYDR Sharpe Ratio Rank: 95
HYDR Sortino Ratio Rank: 88
HYDR Omega Ratio Rank: 82
HYDR Calmar Ratio Rank: 94
HYDR Martin Ratio Rank: 83

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.

HYDR vs. HJEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and Direxion Hydrogen ETF (HJEN). 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.

	HYDR	HJEN	Difference
Sharpe ratio: Return per unit of total volatility	3.76	—	—
Sortino ratio: Return per unit of downside risk	3.91	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	6.97	—	—
Martin ratio: Return relative to average drawdown	16.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYDR	HJEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	—	—

Drawdowns

Drawdown Indicators

	HYDR	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-29.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-70.32%	—	—
Current Drawdown Current decline from peak	-58.44%	—	—
Average Drawdown Average peak-to-trough decline	-64.20%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.71%	—	—

Volatility

Volatility by Period

	HYDR	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.25%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.45%	—	—

HYDR vs. HJEN - Expense Ratio Comparison

HYDR has a 0.50% expense ratio, which is higher than HJEN's 0.45% expense ratio.

Dividends

HYDR vs. HJEN - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 2.11%, while HJEN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
HYDR Global X Hydrogen ETF	2.11%	3.82%	0.40%	0.00%	0.00%	0.06%

Frequently Asked Questions

Can I hold both HYDR and HJEN in my portfolio?

HYDR and HJEN have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYDR or HJEN?

On fees, HJEN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYDR or HJEN?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.50% for HYDR.

Which ETF pays a higher dividend yield, HYDR or HJEN?

HYDR has the higher dividend yield at 2.11%, compared with 0.00% for HJEN.

What is the main difference between HYDR and HJEN?

HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net, while HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.50% for HYDR and 0.45% for HJEN.