PBD vs. HJEN

Last updated Jun 4, 2026

PBD (Invesco Global Clean Energy ETF) and HJEN (Direxion Hydrogen ETF) are both Alternative Energy Equities funds - PBD tracks the WilderHill New Energy Global Innovation index while HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. PBD charges 0.75%/yr vs 0.45%/yr for HJEN.

Performance

PBD vs. HJEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Clean Energy ETF (PBD) and Direxion Hydrogen ETF (HJEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PBD

• 1D: -0.93%
• 1M: 6.10%
• YTD: 38.50%
• 6M: 39.82%
• 1Y: 92.04%
• 3Y*: 8.96%
• 5Y*: -3.66%
• 10Y*: 9.45%

HJEN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBD vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PBD Invesco Global Clean Energy ETF	38.50%	43.65%	-26.39%	-10.69%	-29.70%	-10.71%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-13.86%

Correlation

The correlation between PBD and HJEN is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.70

The correlation between PBD and HJEN shifts across timeframes, from 0.47 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

PBD vs. HJEN - Sectors Allocation Comparison

Sectors	PBD	HJEN
Industrials	48.1%	31.7%
Energy	12.4%	8.3%
Utilities	12.0%	-
Consumer Cyclical	9.4%	-
Technology	6.8%	7.6%
Basic Materials	3.4%	9.2%
Financial Services	1.2%	3.3%
Consumer Defensive	0.9%	-
Communication Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

PBD vs. HJEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBD

PBD Risk / Return Rank: 94
PBD Sharpe Ratio Rank: 95
PBD Sortino Ratio Rank: 93
PBD Omega Ratio Rank: 91
PBD Calmar Ratio Rank: 95
PBD Martin Ratio Rank: 94

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.

PBD vs. HJEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) and Direxion Hydrogen ETF (HJEN). 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.

	PBD	HJEN	Difference
Sharpe ratio Return per unit of total volatility	3.96	—	—
Sortino ratio Return per unit of downside risk	4.64	—	—
Omega ratio Gain probability vs. loss probability	1.61	—	—
Calmar ratio Return relative to maximum drawdown	8.65	—	—
Martin ratio Return relative to average drawdown	26.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PBD	HJEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.96	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	—	—

Drawdowns

Drawdown Indicators

	PBD	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-78.60%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-52.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-69.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.40%	—	—
Current Drawdown Current decline from peak	-39.02%	—	—
Average Drawdown Average peak-to-trough decline	-53.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	—	—

Volatility

Volatility by Period

	PBD	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.26%	—	—

PBD vs. HJEN - Expense Ratio Comparison

PBD has a 0.75% expense ratio, which is higher than HJEN's 0.45% expense ratio.

Dividends

PBD vs. HJEN - Dividend Comparison

PBD's dividend yield for the trailing twelve months is around 1.63%, while HJEN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PBD Invesco Global Clean Energy ETF	1.63%	2.71%	1.81%	2.85%	2.98%	0.67%	0.48%	1.83%	1.86%	1.76%	2.04%	1.24%

Frequently Asked Questions

Can I hold both PBD and HJEN in my portfolio?

PBD and HJEN have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBD or HJEN?

On fees, HJEN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBD or HJEN?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.75% for PBD.

Which ETF pays a higher dividend yield, PBD or HJEN?

PBD has the higher dividend yield at 1.63%, compared with 0.00% for HJEN.

What is the main difference between PBD and HJEN?

PBD tracks WilderHill New Energy Global Innovation index, while HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.75% for PBD and 0.45% for HJEN.