HYDR vs. HJEN

Last updated Aug 5, 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. Their 0.67 correlation means they have sometimes moved together and sometimes differently. 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: 4.88%
• 1M: -14.28%
• 6M: 13.52%
• YTD: 37.17%
• 1Y: 89.80%
• 3Y*: -2.05%
• 5Y*: -16.78%
• 10Y*: —
• ALL TIME*: -17.75%

HJEN

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYDR Global X Hydrogen ETF	$2.95M	$2.51M	$5.63M

HYDR vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	37.17%	43.73%	-33.08%	-36.49%	-47.24%	-15.79%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-4.52%

Correlation

The correlation between HYDR and HJEN is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.67

The correlation between HYDR and HJEN shifts across timeframes, from 0.42 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

HYDR vs. HJEN - Sectors Allocation Comparison

Sectors	HYDR	HJEN
Industrials	85.8%	31.7%
Consumer Cyclical	5.4%	-
Basic Materials	4.6%	9.2%
Technology	4.1%	7.6%
Energy	1.2%	8.3%
Utilities	1.2%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	3.3%
Healthcare	-	-
Real Estate	-	-

Return for Risk

HYDR vs. HJEN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HYDR

HYDR Risk / Return Rank: 50
HYDR Sharpe Ratio Rank: 57
HYDR Sortino Ratio Rank: 59
HYDR Omega Ratio Rank: 50
HYDR Calmar Ratio Rank: 45
HYDR Martin Ratio Rank: 40

HJEN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HYDR	HJEN	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	4.79	—	—

Drawdowns

Drawdown Indicators

	HYDR	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-49.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-89.28%	—	—
Current Drawdown Current decline from peak	-68.50%	—	—
Average Drawdown Average peak-to-trough decline	-64.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	18.82%	—	—

Volatility

Volatility by Period

	HYDR	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.06%	—	—

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 3.05%, 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	3.05%	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 0.67, 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 3.05%, 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.