HYDR vs. ICLN
Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and iShares Global Clean Energy ETF (ICLN).
HYDR and ICLN 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. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both HYDR and ICLN 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 ICLN.
Key characteristics
| HYDR | ICLN | |
|---|---|---|
| YTD Return | -40.09% | -21.07% |
| 1Y Return | -36.70% | -11.89% |
| 3Y Return (Ann) | -46.95% | -20.12% |
| Sharpe Ratio | -0.92 | -0.46 |
| Sortino Ratio | -1.30 | -0.51 |
| Omega Ratio | 0.86 | 0.94 |
| Calmar Ratio | -0.41 | -0.17 |
| Martin Ratio | -1.47 | -1.05 |
| Ulcer Index | 24.14% | 10.92% |
| Daily Std Dev | 38.54% | 24.89% |
| Max Drawdown | -85.83% | -87.16% |
| Current Drawdown | -85.70% | -67.70% |
Correlation
The correlation between HYDR and ICLN is 0.78, 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. ICLN - Performance Comparison
In the year-to-date period, HYDR achieves a -40.09% return, which is significantly lower than ICLN's -21.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYDR vs. ICLN - Expense Ratio Comparison
HYDR has a 0.50% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
HYDR vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and iShares Global Clean Energy ETF (ICLN). 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. ICLN - Dividend Comparison
HYDR has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.79%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.79% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
Drawdowns
HYDR vs. ICLN - Drawdown Comparison
The maximum HYDR drawdown since its inception was -85.83%, roughly equal to the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for HYDR and ICLN. For additional features, visit the drawdowns tool.
Volatility
HYDR vs. ICLN - Volatility Comparison
Global X Hydrogen ETF (HYDR) has a higher volatility of 13.55% compared to iShares Global Clean Energy ETF (ICLN) at 9.46%. This indicates that HYDR's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.