PWER vs. HJEN

Last updated Jun 24, 2026

PWER (Macquarie Energy Transition ETF) and HJEN (Direxion Hydrogen ETF) are both Alternative Energy Equities funds. PWER is actively managed, while HJEN is passively managed. At a 0.30 correlation, their price movements are largely independent. PWER charges 0.80%/yr vs 0.45%/yr for HJEN.

Performance

PWER vs. HJEN - Performance Comparison

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

Returns By Period

PWER

• 1D: -3.13%
• 1M: -4.18%
• YTD: 19.28%
• 6M: 18.48%
• 1Y: 49.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HJEN

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

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

PWER vs. HJEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PWER Macquarie Energy Transition ETF	19.28%	35.28%	-3.50%	9.35%
HJEN Direxion Hydrogen ETF	0.00%	0.00%	-10.90%	5.39%

Correlation

The correlation between PWER and HJEN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.30

PWER vs. HJEN - Sectors Allocation Comparison

Sectors	PWER	HJEN
Basic Materials	44.2%	9.2%
Energy	36.9%	8.3%
Industrials	11.7%	31.7%
Technology	5.5%	7.6%
Utilities	1.8%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	3.3%
Healthcare	-	-
Real Estate	-	-

Return for Risk

PWER vs. HJEN — Risk / Return Rank

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

PWER

PWER Risk / Return Rank: 79
PWER Sharpe Ratio Rank: 79
PWER Sortino Ratio Rank: 69
PWER Omega Ratio Rank: 72
PWER Calmar Ratio Rank: 89
PWER Martin Ratio Rank: 88

HJEN

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

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.

PWER vs. HJEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) 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.

	PWER	HJEN	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.88	—	—
Martin ratio: Return relative to average drawdown	17.97	—	—

Drawdowns

Drawdown Indicators

	PWER	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	-29.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	—	—
Current Drawdown Current decline from peak	-10.10%	—	—
Average Drawdown Average peak-to-trough decline	-6.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	—	—

Volatility

Volatility by Period

	PWER	HJEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	—	—

PWER vs. HJEN - Expense Ratio Comparison

PWER has a 0.80% expense ratio, which is higher than HJEN's 0.45% expense ratio.

Dividends

PWER vs. HJEN - Dividend Comparison

PWER's dividend yield for the trailing twelve months is around 1.30%, while HJEN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.00%	0.91%	1.50%	1.24%	0.76%
PWER Macquarie Energy Transition ETF	1.30%	1.37%	1.05%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PWER and HJEN in my portfolio?

PWER and HJEN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWER 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, PWER or HJEN?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.80% for PWER.

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

PWER has the higher dividend yield at 1.30%, compared with 0.00% for HJEN.

What is the main difference between PWER and HJEN?

They also come from different issuers: Macquarie and Direxion. Their fees differ too: 0.80% for PWER and 0.45% for HJEN.