HYDR vs. KRBN
Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and KraneShares Global Carbon ETF (KRBN).
HYDR and KRBN 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. KRBN is a passively managed fund by CICC that tracks the performance of the IHS Markit Global Carbon Index. It was launched on Jul 30, 2020. Both HYDR and KRBN 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 KRBN.
Key characteristics
| HYDR | KRBN | |
|---|---|---|
| YTD Return | -40.09% | -13.57% |
| 1Y Return | -36.70% | -12.50% |
| 3Y Return (Ann) | -46.95% | -3.12% |
| Sharpe Ratio | -0.92 | -0.51 |
| Sortino Ratio | -1.30 | -0.62 |
| Omega Ratio | 0.86 | 0.93 |
| Calmar Ratio | -0.41 | -0.36 |
| Martin Ratio | -1.47 | -0.96 |
| Ulcer Index | 24.14% | 12.24% |
| Daily Std Dev | 38.54% | 23.10% |
| Max Drawdown | -85.83% | -36.42% |
| Current Drawdown | -85.70% | -25.96% |
Correlation
The correlation between HYDR and KRBN is 0.13, 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
In the year-to-date period, HYDR achieves a -40.09% return, which is significantly lower than KRBN's -13.57% 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. 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 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.
Dividends
HYDR vs. KRBN - Dividend Comparison
HYDR has not paid dividends to shareholders, while KRBN's dividend yield for the trailing twelve months is around 3.58%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 0.00% | 0.00% | 0.00% | 0.06% |
KRBN KraneShares Global Carbon ETF | 3.58% | 7.60% | 22.91% | 0.49% |
Drawdowns
HYDR vs. KRBN - Drawdown Comparison
The maximum HYDR drawdown since its inception was -85.83%, 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.
Volatility
HYDR vs. KRBN - Volatility Comparison
Global X Hydrogen ETF (HYDR) has a higher volatility of 13.55% compared to KraneShares Global Carbon ETF (KRBN) at 5.61%. 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.