Correlation
The correlation between HJEN and HYDR is 0.53, 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.
HJEN vs. HYDR
Compare and contrast key facts about Direxion Hydrogen ETF (HJEN) and Global X Hydrogen ETF (HYDR).
HJEN and HYDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HJEN is a passively managed fund by Direxion that tracks the performance of the Indxx Hydrogen Economy Index - Benchmark TR Net. It was launched on Mar 25, 2021. 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. Both HJEN and HYDR 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: HJEN or HYDR.
Performance
HJEN vs. HYDR - Performance Comparison
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Key characteristics
Returns By Period
HJEN
N/A
N/A
N/A
N/A
N/A
N/A
N/A
HYDR
-19.84%
9.30%
-27.61%
-44.26%
-36.39%
N/A
N/A
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HJEN vs. HYDR - Expense Ratio Comparison
HJEN has a 0.45% expense ratio, which is lower than HYDR's 0.50% expense ratio.
Risk-Adjusted Performance
HJEN vs. HYDR — Risk-Adjusted Performance Rank
HJEN
HYDR
HJEN vs. HYDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Hydrogen ETF (HJEN) and Global X Hydrogen ETF (HYDR). 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
HJEN vs. HYDR - Dividend Comparison
HJEN has not paid dividends to shareholders, while HYDR's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HJEN Direxion Hydrogen ETF | 101.52% | 101.69% | 1.50% | 1.12% | 0.76% |
HYDR Global X Hydrogen ETF | 0.50% | 0.40% | 0.00% | 0.00% | 0.06% |
Drawdowns
HJEN vs. HYDR - Drawdown Comparison
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Volatility
HJEN vs. HYDR - Volatility Comparison
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