PLUG vs. HYDR
PLUG (Plug Power Inc.) is a stock, while HYDR (Global X Hydrogen ETF) is Alternative Energy Equities fund tracking the Solactive Global Hydrogen Index - Benchmark TR Net. Over the past 3 years, PLUG returned -34.29%/yr vs 6.94%/yr for HYDR. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
PLUG vs. HYDR - Performance Comparison
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Returns By Period
In the year-to-date period, PLUG achieves a 32.49% return, which is significantly lower than HYDR's 63.57% return.
PLUG
- 1D
- -3.69%
- 1M
- -30.95%
- YTD
- 32.49%
- 6M
- 24.29%
- 1Y
- 125.00%
- 3Y*
- -34.29%
- 5Y*
- -39.37%
- 10Y*
- 4.32%
HYDR
- 1D
- -3.06%
- 1M
- -27.06%
- YTD
- 63.57%
- 6M
- 56.73%
- 1Y
- 142.91%
- 3Y*
- 6.94%
- 5Y*
- —
- 10Y*
- —
PLUG vs. HYDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PLUG Plug Power Inc. | 32.49% | -7.51% | -52.67% | -63.62% | -56.18% | 1.47% |
HYDR Global X Hydrogen ETF | 63.57% | 43.73% | -33.08% | -36.49% | -47.24% | -15.79% |
Correlation
The correlation between PLUG and HYDR is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.76 |
The correlation between PLUG and HYDR has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
PLUG vs. HYDR — Risk / Return Rank
PLUG
HYDR
PLUG vs. HYDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Plug Power Inc. (PLUG) and Global X Hydrogen ETF (HYDR). 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.
| PLUG | HYDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 4.83 | -2.61 |
| Martin ratioReturn relative to average drawdown | 3.71 | 10.38 | -6.66 |
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Drawdowns
PLUG vs. HYDR - Drawdown Comparison
The maximum PLUG drawdown since its inception was -99.99%, which is greater than HYDR's maximum drawdown of -89.28%. Use the drawdown chart below to compare losses from any high point for PLUG and HYDR.
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Drawdown Indicators
| PLUG | HYDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -89.28% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -56.66% | -29.76% | -26.90% |
Max Drawdown (3Y)Largest decline over 3 years | -94.69% | -70.32% | -24.37% |
Max Drawdown (5Y)Largest decline over 5 years | -98.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.04% | — | — |
Current DrawdownCurrent decline from peak | -99.83% | -62.44% | -37.39% |
Average DrawdownAverage peak-to-trough decline | -96.22% | -64.12% | -32.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.78% | 13.83% | +19.95% |
Volatility
PLUG vs. HYDR - Volatility Comparison
Plug Power Inc. (PLUG) has a higher volatility of 21.95% compared to Global X Hydrogen ETF (HYDR) at 17.43%. This indicates that PLUG's price experiences larger fluctuations and is considered to be riskier than HYDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLUG | HYDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.95% | 17.43% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 63.99% | 38.58% | +25.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.81% | 55.53% | +51.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.45% | 47.51% | +46.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.55% | 47.51% | +42.04% |
Dividends
PLUG vs. HYDR - Dividend Comparison
PLUG has not paid dividends to shareholders, while HYDR's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HYDR Global X Hydrogen ETF | 2.33% | 3.82% | 0.40% | 0.00% | 0.00% | 0.06% |
PLUG Plug Power Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLUG and HYDR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLUG has higher volatility (21.95%) compared to HYDR (17.43%). In terms of maximum drawdown, PLUG dropped -99.99% vs HYDR's -89.28%.
HYDR currently has the higher Sharpe Ratio (2.59 vs 1.18), 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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