IHOO.AX vs. HGEN.AX
IHOO.AX (iShares Global 100 AUD Hedged ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds - IHOO.AX tracks the iShares Global 100 AUD Hedged Index while HGEN.AX tracks the Global X Hydrogen Index. Both are passively managed. Over the past 3 years, IHOO.AX returned 22.70%/yr vs 12.54%/yr for HGEN.AX. At a 0.47 correlation, their price movements are largely independent.
Performance
IHOO.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, IHOO.AX achieves a 10.69% return, which is significantly lower than HGEN.AX's 43.83% return.
IHOO.AX
- 1D
- 0.87%
- 1M
- 0.91%
- 6M
- 9.21%
- YTD
- 10.69%
- 1Y
- 28.47%
- 3Y*
- 22.70%
- 5Y*
- 14.72%
- 10Y*
- 15.25%
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
IHOO.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IHOO.AX iShares Global 100 AUD Hedged ETF | 10.69% | 24.02% | 27.67% | 24.45% | -16.15% | 10.47% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between IHOO.AX and HGEN.AX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.47 |
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Return for Risk
IHOO.AX vs. HGEN.AX — Risk / Return Rank
IHOO.AX
HGEN.AX
IHOO.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 AUD Hedged ETF (IHOO.AX) and Global X Hydrogen ETF (HGEN.AX). 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.
| IHOO.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.61 | -0.68 |
| Martin ratioReturn relative to average drawdown | 10.75 | 9.67 | +1.08 |
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Drawdowns
IHOO.AX vs. HGEN.AX - Drawdown Comparison
The maximum IHOO.AX drawdown since its inception was -33.91%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for IHOO.AX and HGEN.AX.
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Drawdown Indicators
| IHOO.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -72.54% | +38.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -25.14% | +15.56% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -49.84% | +28.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.91% | — | — |
Current DrawdownCurrent decline from peak | -1.67% | -25.22% | +23.55% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -47.63% | +43.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 9.50% | -6.85% |
Volatility
IHOO.AX vs. HGEN.AX - Volatility Comparison
The current volatility for iShares Global 100 AUD Hedged ETF (IHOO.AX) is 3.89%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that IHOO.AX experiences smaller price fluctuations and is considered to be less risky than HGEN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHOO.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 13.18% | -9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.11% | 32.95% | -20.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 46.74% | -31.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 36.64% | -18.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 36.64% | -18.79% |
Dividends
IHOO.AX vs. HGEN.AX - Dividend Comparison
IHOO.AX's dividend yield for the trailing twelve months is around 4.46%, more than HGEN.AX's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 0.78% | 0.34% | 0.60% | 0.17% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IHOO.AX iShares Global 100 AUD Hedged ETF | 4.46% | 0.70% | 0.87% | 1.44% | 1.68% | 16.51% | 2.57% | 2.33% | 8.40% | 11.15% | 0.53% | 1.75% |
Frequently Asked Questions
IHOO.AX and HGEN.AX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IHOO.AX tracks iShares Global 100 AUD Hedged Index, while HGEN.AX tracks Global X Hydrogen Index. They also come from different issuers: iShares and Global X.
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