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HYDR vs. KRBN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYDR and KRBN is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

HYDR vs. KRBN - Performance Comparison

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

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Key characteristics

Sharpe Ratio

HYDR:

-0.74

KRBN:

-0.24

Sortino Ratio

HYDR:

-0.93

KRBN:

-0.22

Omega Ratio

HYDR:

0.90

KRBN:

0.98

Calmar Ratio

HYDR:

-0.36

KRBN:

-0.16

Martin Ratio

HYDR:

-0.98

KRBN:

-0.46

Ulcer Index

HYDR:

33.26%

KRBN:

11.81%

Daily Std Dev

HYDR:

44.32%

KRBN:

21.44%

Max Drawdown

HYDR:

-89.28%

KRBN:

-36.42%

Current Drawdown

HYDR:

-87.20%

KRBN:

-25.09%

Returns By Period

In the year-to-date period, HYDR achieves a -19.89% return, which is significantly lower than KRBN's 1.16% return.


HYDR

YTD

-19.89%

1M

11.75%

6M

-13.04%

1Y

-32.52%

5Y*

N/A

10Y*

N/A

KRBN

YTD

1.16%

1M

9.86%

6M

-2.39%

1Y

-5.09%

5Y*

N/A

10Y*

N/A

*Annualized

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HYDR vs. KRBN - Expense Ratio Comparison

HYDR has a 0.50% expense ratio, which is lower than KRBN's 0.79% expense ratio.


Risk-Adjusted Performance

HYDR vs. KRBN — Risk-Adjusted Performance Rank

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

HYDR
The Risk-Adjusted Performance Rank of HYDR is 33
Overall Rank
The Sharpe Ratio Rank of HYDR is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of HYDR is 22
Sortino Ratio Rank
The Omega Ratio Rank of HYDR is 22
Omega Ratio Rank
The Calmar Ratio Rank of HYDR is 44
Calmar Ratio Rank
The Martin Ratio Rank of HYDR is 66
Martin Ratio Rank

KRBN
The Risk-Adjusted Performance Rank of KRBN is 1111
Overall Rank
The Sharpe Ratio Rank of KRBN is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of KRBN is 1010
Sortino Ratio Rank
The Omega Ratio Rank of KRBN is 1111
Omega Ratio Rank
The Calmar Ratio Rank of KRBN is 1111
Calmar Ratio Rank
The Martin Ratio Rank of KRBN is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYDR vs. KRBN - Risk-Adjusted Performance Comparison

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


The current HYDR Sharpe Ratio is -0.74, which is lower than the KRBN Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of HYDR and KRBN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

HYDR vs. KRBN - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 0.50%, while KRBN has not paid dividends to shareholders.


TTM2024202320222021
HYDR
Global X Hydrogen ETF
0.50%0.40%0.00%0.00%0.06%
KRBN
KraneShares Global Carbon ETF
0.00%0.00%0.00%0.00%0.00%

Drawdowns

HYDR vs. KRBN - Drawdown Comparison

The maximum HYDR drawdown since its inception was -89.28%, which is greater than KRBN's maximum drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for HYDR and KRBN. For additional features, visit the drawdowns tool.


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Volatility

HYDR vs. KRBN - Volatility Comparison

Global X Hydrogen ETF (HYDR) has a higher volatility of 9.63% compared to KraneShares Global Carbon ETF (KRBN) at 6.60%. This indicates that HYDR's price experiences larger fluctuations and is considered to be riskier than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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