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IXI.AX vs. HGEN.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXI.AX vs. HGEN.AX

Last updated Jul 16, 2026
Documentation

IXI.AX (iShares Global Consumer Staples ETF (AU)) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds - IXI.AX tracks the iShares Global Consumer Staples Index while HGEN.AX tracks the Global X Hydrogen Index. Both are passively managed. Over the past 3 years, IXI.AX returned 3.46%/yr vs 12.54%/yr for HGEN.AX. At a correlation of -0.06, they often move in opposite directions.

Performance

IXI.AX vs. HGEN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Global Consumer Staples ETF (AU) (IXI.AX) and Global X Hydrogen ETF (HGEN.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXI.AX achieves a 1.26% return, which is significantly lower than HGEN.AX's 43.83% return.

IXI.AX

1D
0.11%
1M
-0.39%
6M
-0.88%
YTD
1.26%
1Y
-1.16%
3Y*
3.46%
5Y*
4.98%
10Y*
14.53%

HGEN.AX

1D
-3.10%
1M
-14.66%
6M
13.86%
YTD
43.83%
1Y
92.59%
3Y*
12.54%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXI.AX vs. HGEN.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IXI.AX
iShares Global Consumer Staples ETF (AU)		1.26%1.25%11.04%0.75%2.49%9.15%
HGEN.AX
Global X Hydrogen ETF		43.83%43.64%-10.40%-20.10%-36.18%7.90%

Correlation

The correlation between IXI.AX and HGEN.AX is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.28

Correlation (3Y)
Calculated over the trailing 3-year period

-0.12

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2021

-0.06

Over the past year, the inverse relationship between IXI.AX and HGEN.AX has strengthened: their correlation has moved from -0.06 to -0.28, meaning they now move in opposite directions more often than their long-term average.

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iShares Global Consumer Staples ETF (AU)

Global X Hydrogen ETF

Return for Risk

IXI.AX vs. HGEN.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXI.AX
IXI.AX Risk / Return Rank: 99
Overall Rank
IXI.AX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
IXI.AX Sortino Ratio Rank: 88
Sortino Ratio Rank
IXI.AX Omega Ratio Rank: 88
Omega Ratio Rank
IXI.AX Calmar Ratio Rank: 99
Calmar Ratio Rank
IXI.AX Martin Ratio Rank: 99
Martin Ratio Rank
HGEN.AX
HGEN.AX Risk / Return Rank: 7171
Overall Rank
HGEN.AX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
HGEN.AX Sortino Ratio Rank: 6767
Sortino Ratio Rank
HGEN.AX Omega Ratio Rank: 6363
Omega Ratio Rank
HGEN.AX Calmar Ratio Rank: 8383
Calmar Ratio Rank
HGEN.AX Martin Ratio Rank: 6767
Martin Ratio Rank
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.

IXI.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Staples ETF (AU) (IXI.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.

IXI.AXHGEN.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.04
1.94

-1.98

Sortino ratioReturn per unit of downside risk
0.04
2.50

-2.46

Omega ratioGain probability vs. loss probability

1.00

1.31

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.05

3.61

-3.66

Martin ratioReturn relative to average drawdown

-0.08

9.67

-9.75

IXI.AX vs. HGEN.AX - Sharpe Ratio Comparison

The current IXI.AX Sharpe Ratio is -0.04, which is lower than the HGEN.AX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of IXI.AX and HGEN.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IXI.AX vs. HGEN.AX - Drawdown Comparison

The maximum IXI.AX drawdown since its inception was -14.98%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for IXI.AX and HGEN.AX.

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Drawdown Indicators

IXI.AXHGEN.AXDifference

Max Drawdown

Largest peak-to-trough decline

-14.98%

-72.54%

+57.56%

Max Drawdown (1Y)

Largest decline over 1 year

-11.04%

-25.14%

+14.10%

Max Drawdown (3Y)

Largest decline over 3 years

-11.04%

-49.84%

+38.80%

Max Drawdown (5Y)

Largest decline over 5 years

-11.20%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-14.98%

—

—

Current Drawdown

Current decline from peak

-6.29%

-25.22%

+18.93%

Average Drawdown

Average peak-to-trough decline

-3.24%

-47.63%

+44.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.44%

9.50%

-3.06%

Volatility

IXI.AX vs. HGEN.AX - Volatility Comparison

The current volatility for iShares Global Consumer Staples ETF (AU) (IXI.AX) is 4.63%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that IXI.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

IXI.AXHGEN.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

13.18%

-8.55%

Volatility (6M)

Calculated over the trailing 6-month period

11.09%

32.95%

-21.86%

Volatility (1Y)

Calculated over the trailing 1-year period

13.31%

46.74%

-33.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.54%

36.64%

-24.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.03%

36.64%

-2.61%

Dividends

IXI.AX vs. HGEN.AX - Dividend Comparison

IXI.AX's dividend yield for the trailing twelve months is around 1.31%, more than HGEN.AX's 0.78% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IXI.AX
iShares Global Consumer Staples ETF (AU)		1.31%1.07%0.87%1.94%2.82%2.46%2.85%4.05%2.08%5.54%3.69%4.07%

Frequently Asked Questions

IXI.AX and HGEN.AX have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXI.AX tracks iShares Global Consumer Staples Index, while HGEN.AX tracks Global X Hydrogen Index. They also come from different issuers: iShares and Global X.

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