MOAT.AX vs. HGEN.AX
MOAT.AX (VanEck Morningstar Wide Moat ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds - MOAT.AX tracks the VanEck Morningstar Wide Moat Index while HGEN.AX tracks the Global X Hydrogen Index. Both are passively managed. Over the past 3 years, MOAT.AX returned 9.17%/yr vs 12.54%/yr for HGEN.AX. At a 0.38 correlation, their price movements are largely independent.
Performance
MOAT.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, MOAT.AX achieves a -2.79% return, which is significantly lower than HGEN.AX's 43.83% return.
MOAT.AX
- 1D
- 0.22%
- 1M
- 3.39%
- 6M
- -5.09%
- YTD
- -2.79%
- 1Y
- 4.18%
- 3Y*
- 9.17%
- 5Y*
- 9.50%
- 10Y*
- 14.17%
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
MOAT.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MOAT.AX VanEck Morningstar Wide Moat ETF | -2.79% | 5.68% | 20.43% | 30.52% | -7.38% | 3.83% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between MOAT.AX and HGEN.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.38 |
Over the past year, the correlation between MOAT.AX and HGEN.AX has dropped to 0.11 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
MOAT.AX vs. HGEN.AX — Risk / Return Rank
MOAT.AX
HGEN.AX
MOAT.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT.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.
| MOAT.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.61 | -3.26 |
| Martin ratioReturn relative to average drawdown | 0.72 | 9.67 | -8.95 |
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Drawdowns
MOAT.AX vs. HGEN.AX - Drawdown Comparison
The maximum MOAT.AX drawdown since its inception was -23.63%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for MOAT.AX and HGEN.AX.
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Drawdown Indicators
| MOAT.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.63% | -72.54% | +48.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.16% | -25.14% | +9.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.11% | -49.84% | +30.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.63% | — | — |
Current DrawdownCurrent decline from peak | -6.11% | -25.22% | +19.11% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -47.63% | +43.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 9.50% | -1.91% |
Volatility
MOAT.AX vs. HGEN.AX - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat ETF (MOAT.AX) is 3.66%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that MOAT.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
| MOAT.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 13.18% | -9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 32.95% | -23.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 46.74% | -34.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 36.64% | -21.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 36.64% | -21.17% |
Dividends
MOAT.AX vs. HGEN.AX - Dividend Comparison
MOAT.AX's dividend yield for the trailing twelve months is around 10.05%, 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% |
MOAT.AX VanEck Morningstar Wide Moat ETF | 10.05% | 5.78% | 7.39% | 6.87% | 0.00% | 0.00% | 1.26% | 1.12% | 2.52% | 0.00% | 1.78% | 3.30% |
Frequently Asked Questions
MOAT.AX and HGEN.AX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOAT.AX tracks VanEck Morningstar Wide Moat Index, while HGEN.AX tracks Global X Hydrogen Index. They also come from different issuers: VanEck and Global X.
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