LEGR vs. HSHP
LEGR (First Trust Indxx Innovative Transaction & Process ETF) is Blockchain fund tracking the Indxx Blockchain Index, while HSHP (Himalaya Shipping Ltd.) is a stock. Over the past 3 years, LEGR returned 22.32%/yr vs 44.60%/yr for HSHP. At a 0.24 correlation, their price movements are largely independent.
Performance
LEGR vs. HSHP - Performance Comparison
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Returns By Period
In the year-to-date period, LEGR achieves a 11.18% return, which is significantly lower than HSHP's 71.21% return.
LEGR
- 1D
- 0.92%
- 1M
- 2.28%
- YTD
- 11.18%
- 6M
- 13.29%
- 1Y
- 27.31%
- 3Y*
- 22.32%
- 5Y*
- 11.61%
- 10Y*
- —
HSHP
- 1D
- 3.05%
- 1M
- -3.72%
- YTD
- 71.21%
- 6M
- 71.96%
- 1Y
- 144.70%
- 3Y*
- 44.60%
- 5Y*
- —
- 10Y*
- —
LEGR vs. HSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 11.18% | 30.83% | 16.25% | 22.79% | 9.31% |
HSHP Himalaya Shipping Ltd. | 71.21% | 96.10% | -23.53% | 37.12% | -1.99% |
Correlation
The correlation between LEGR and HSHP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.24 |
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Return for Risk
LEGR vs. HSHP — Risk / Return Rank
LEGR
HSHP
LEGR vs. HSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Himalaya Shipping Ltd. (HSHP). 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.
| LEGR | HSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 9.35 | -6.71 |
| Martin ratioReturn relative to average drawdown | 9.72 | 21.19 | -11.48 |
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Drawdowns
LEGR vs. HSHP - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum HSHP drawdown of -51.51%. Use the drawdown chart below to compare losses from any high point for LEGR and HSHP.
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Drawdown Indicators
| LEGR | HSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -51.51% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -15.57% | +5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -51.51% | +37.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -5.38% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -14.76% | +8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 6.85% | -4.03% |
Volatility
LEGR vs. HSHP - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 5.87%, while Himalaya Shipping Ltd. (HSHP) has a volatility of 13.10%. This indicates that LEGR experiences smaller price fluctuations and is considered to be less risky than HSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEGR | HSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 13.10% | -7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 30.50% | -18.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 39.51% | -25.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 42.51% | -25.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 42.51% | -22.18% |
Dividends
LEGR vs. HSHP - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 1.68%, less than HSHP's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HSHP Himalaya Shipping Ltd. | 3.81% | 3.57% | 9.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.68% | 1.84% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
Frequently Asked Questions
LEGR and HSHP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSHP has higher volatility (13.10%) compared to LEGR (5.87%). In terms of maximum drawdown, LEGR dropped -36.12% vs HSHP's -51.51%.
HSHP currently has the higher Sharpe Ratio (3.69 vs 1.91), 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.
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