OOO.AX vs. HGEN.AX
OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds. OOO.AX is actively managed, while HGEN.AX is passively managed. Over the past 3 years, OOO.AX returned 19.00%/yr vs 12.54%/yr for HGEN.AX. At a 0.06 correlation, their price movements are largely independent.
Performance
OOO.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, OOO.AX achieves a 63.70% return, which is significantly higher than HGEN.AX's 43.83% return.
OOO.AX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 56.08%
- YTD
- 63.70%
- 1Y
- 50.75%
- 3Y*
- 19.00%
- 5Y*
- 11.34%
- 10Y*
- 0.01%
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
OOO.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 63.70% | -7.58% | 10.33% | -4.20% | -1.77% | 0.00% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between OOO.AX and HGEN.AX is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.06 |
The correlation between OOO.AX and HGEN.AX shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OOO.AX vs. HGEN.AX — Risk / Return Rank
OOO.AX
HGEN.AX
OOO.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.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.
| OOO.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.61 | -2.17 |
| Martin ratioReturn relative to average drawdown | 3.62 | 9.67 | -6.05 |
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Drawdowns
OOO.AX vs. HGEN.AX - Drawdown Comparison
The maximum OOO.AX drawdown since its inception was -95.09%, which is greater than HGEN.AX's maximum drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for OOO.AX and HGEN.AX.
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Drawdown Indicators
| OOO.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.09% | -72.54% | -22.55% |
Max Drawdown (1Y)Largest decline over 1 year | -33.79% | -25.14% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -33.79% | -49.84% | +16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -51.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.96% | — | — |
Current DrawdownCurrent decline from peak | -74.02% | -25.22% | -48.80% |
Average DrawdownAverage peak-to-trough decline | -64.58% | -47.63% | -16.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.72% | 9.50% | +4.22% |
Volatility
OOO.AX vs. HGEN.AX - Volatility Comparison
Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) and Global X Hydrogen ETF (HGEN.AX) have volatilities of 12.86% and 13.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOO.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 13.18% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 61.15% | 32.95% | +28.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.88% | 46.74% | +18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.17% | 36.64% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.75% | 36.64% | +8.11% |
Dividends
OOO.AX vs. HGEN.AX - Dividend Comparison
OOO.AX's dividend yield for the trailing twelve months is around 4.10%, 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% |
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 4.10% | 0.00% | 4.68% | 0.00% | 19.05% | 28.49% | 16.20% | 5.92% | 3.11% | 0.00% | 0.00% | 1.06% |
Frequently Asked Questions
OOO.AX and HGEN.AX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BetaShares and Global X.
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