PBD vs. HJEN

Last updated Aug 2, 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. Their 0.68 correlation means they have sometimes moved together and sometimes differently. 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: -0.26%
• 1M: -9.06%
• 6M: -1.10%
• YTD: 8.20%
• 1Y: 33.01%
• 3Y*: -1.70%
• 5Y*: -8.16%
• 10Y*: 6.75%
• ALL TIME*: -0.46%

HJEN

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PBD Invesco Global Clean Energy ETF	$950.09K	$971.83K	$1.21M

PBD vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PBD Invesco Global Clean Energy ETF	8.20%	43.65%	-26.39%	-10.69%	-29.70%	-10.30%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	-8.69%	-33.27%	-11.04%

Correlation

The correlation between PBD and HJEN is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.68

The correlation between PBD and HJEN shifts across timeframes, from 0.42 (3 years) to 0.68 (all time), reflecting how their relationship changes across market environments.

PBD vs. HJEN - Sectors Allocation Comparison

Sectors	PBD	HJEN
Industrials	44.6%	31.7%
Technology	19.5%	7.6%
Utilities	16.9%	-
Consumer Cyclical	12.7%	-
Energy	7.4%	8.3%
Basic Materials	4.0%	9.2%
Financial Services	1.5%	3.3%
Consumer Defensive	0.9%	-
Communication Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

PBD vs. HJEN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PBD

PBD Risk / Return Rank: 45
PBD Sharpe Ratio Rank: 50
PBD Sortino Ratio Rank: 47
PBD Omega Ratio Rank: 47
PBD Calmar Ratio Rank: 37
PBD Martin Ratio Rank: 41

HJEN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	PBD	HJEN	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.72	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.28	—	—
Martin ratio: Return relative to average drawdown	4.50	—	—

Drawdowns

Drawdown Indicators

	PBD	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-78.60%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-25.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.69%	—	—
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	-52.36%	—	—
Average Drawdown Average peak-to-trough decline	-53.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.13%	—	—

Volatility

Volatility by Period

	PBD	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.41%	—	—

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 1.76%, 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	1.76%	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 0.68, 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 1.76%, 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.