HYDR vs. WGMI

Last updated Jul 21, 2026

HYDR (Global X Hydrogen ETF) and WGMI (CoinShares Bitcoin Miners ETF) are both exchange-traded funds - HYDR is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen Index - Benchmark TR Net, while WGMI is a Cryptocurrency fund actively managed by CoinShares. HYDR is passively managed, while WGMI is actively managed. Over the past 3 years, HYDR returned -5.58%/yr vs 48.22%/yr for WGMI. A 0.56 correlation means they provide meaningful diversification when combined. HYDR charges 0.50%/yr vs 0.75%/yr for WGMI.

Performance

HYDR vs. WGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, HYDR achieves a 31.47% return, which is significantly lower than WGMI's 37.71% return.

HYDR

• 1D: -2.18%
• 1M: -26.43%
• 6M: 8.07%
• YTD: 31.47%
• 1Y: 77.56%
• 3Y*: -5.58%
• 5Y*: -18.60%
• 10Y*: —
• ALL TIME*: -18.57%

WGMI

• 1D: 10.78%
• 1M: -26.91%
• 6M: 3.21%
• YTD: 37.71%
• 1Y: 97.01%
• 3Y*: 48.22%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.18%

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

HYDR vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYDR Global X Hydrogen ETF	31.47%	43.73%	-33.08%	-36.49%	-29.53%
WGMI CoinShares Bitcoin Miners ETF	37.71%	72.47%	23.54%	304.08%	-82.94%

Correlation

The correlation between HYDR and WGMI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.56

The correlation between HYDR and WGMI has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

HYDR vs. WGMI - Sectors Allocation Comparison

Sectors	HYDR	WGMI
Industrials	85.8%	0.7%
Consumer Cyclical	5.4%	-
Basic Materials	4.6%	-
Technology	4.1%	47.8%
Energy	1.2%	-
Utilities	1.2%	4.1%
Communication Services	-	2.0%
Consumer Defensive	-	-
Financial Services	-	45.4%
Healthcare	-	-
Real Estate	-	-

Return for Risk

HYDR vs. WGMI — Risk / Return Rank

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

HYDR

HYDR Risk / Return Rank: 49
HYDR Sharpe Ratio Rank: 53
HYDR Sortino Ratio Rank: 57
HYDR Omega Ratio Rank: 49
HYDR Calmar Ratio Rank: 47
HYDR Martin Ratio Rank: 40

WGMI

WGMI Risk / Return Rank: 45
WGMI Sharpe Ratio Rank: 47
WGMI Sortino Ratio Rank: 50
WGMI Omega Ratio Rank: 44
WGMI Calmar Ratio Rank: 50
WGMI Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYDR vs. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and CoinShares Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.24	+0.13
Sortino ratio: Return per unit of downside risk	2.07	1.90	+0.17
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.02
Calmar ratio: Return relative to maximum drawdown	1.81	1.91	-0.10
Martin ratio: Return relative to average drawdown	4.69	3.77	+0.93

HYDR vs. WGMI - Sharpe Ratio Comparison

The current HYDR Sharpe Ratio is 1.38, which is comparable to the WGMI Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of HYDR and WGMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYDR vs. WGMI - Drawdown Comparison

The maximum HYDR drawdown since its inception was -89.28%, roughly equal to the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for HYDR and WGMI.

Drawdown Indicators

	HYDR	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	-85.76%	-3.52%
Max Drawdown (1Y) Largest decline over 1 year	-43.02%	-50.94%	+7.92%
Max Drawdown (3Y) Largest decline over 3 years	-70.32%	-62.79%	-7.53%
Max Drawdown (5Y) Largest decline over 5 years	-89.28%	—	—
Current Drawdown Current decline from peak	-69.81%	-26.91%	-42.90%
Average Drawdown Average peak-to-trough decline	-64.14%	-42.09%	-22.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.58%	25.85%	-9.27%

Volatility

HYDR vs. WGMI - Volatility Comparison

The current volatility for Global X Hydrogen ETF (HYDR) is 16.40%, while CoinShares Bitcoin Miners ETF (WGMI) has a volatility of 24.38%. This indicates that HYDR experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYDR	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.40%	24.38%	-7.98%
Volatility (6M) Calculated over the trailing 6-month period	40.93%	57.47%	-16.54%
Volatility (1Y) Calculated over the trailing 1-year period	56.80%	78.75%	-21.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.76%	81.64%	-33.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.71%	81.64%	-33.93%

HYDR vs. WGMI - Expense Ratio Comparison

HYDR has a 0.50% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

HYDR vs. WGMI - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 3.18%, while WGMI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	3.18%	3.82%	0.40%	0.00%	0.00%	0.06%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYDR and WGMI in my portfolio?

HYDR and WGMI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYDR or WGMI?

WGMI has higher volatility (24.38%) compared to HYDR (16.40%). In terms of maximum drawdown, HYDR dropped -89.28% vs WGMI's -85.76%.

Which ETF is better, HYDR or WGMI?

On 3-year performance, WGMI leads with 48.22% vs -5.58% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, HYDR has been the lower-risk option at 16.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYDR or WGMI?

Over the 3-year period, WGMI has performed better with a 48.22% return vs -5.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYDR or WGMI?

HYDR is cheaper with a 0.50% expense ratio, compared with 0.75% for WGMI.

Which ETF pays a higher dividend yield, HYDR or WGMI?

HYDR has the higher dividend yield at 3.18%, compared with 0.00% for WGMI.

What is the main difference between HYDR and WGMI?

HYDR is categorized as Alternative Energy Equities, while WGMI is Cryptocurrency. They also come from different issuers: Global X and CoinShares. Their fees differ too: 0.50% for HYDR and 0.75% for WGMI.

Which has better risk-adjusted returns?

HYDR currently has the higher Sharpe Ratio (1.38 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.