PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QUS.AX vs. HGEN.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QUS.AX vs. HGEN.AX

Last updated Jul 16, 2026
Documentation

QUS.AX (BetaShares S&P 500 Equal Weight ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds - QUS.AX tracks the BetaShares S&P 500 Equal Weight Index while HGEN.AX tracks the Global X Hydrogen Index. Both are passively managed. Over the past 3 years, QUS.AX returned 11.82%/yr vs 12.54%/yr for HGEN.AX. At a 0.38 correlation, their price movements are largely independent.

Performance

QUS.AX vs. HGEN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares S&P 500 Equal Weight ETF (QUS.AX) and Global X Hydrogen ETF (HGEN.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QUS.AX achieves a 5.22% return, which is significantly lower than HGEN.AX's 43.83% return.

QUS.AX

1D
-0.38%
1M
1.18%
6M
3.68%
YTD
5.22%
1Y
8.63%
3Y*
11.82%
5Y*
9.37%
10Y*
11.02%

HGEN.AX

1D
-3.10%
1M
-14.66%
6M
13.86%
YTD
43.83%
1Y
92.59%
3Y*
12.54%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QUS.AX vs. HGEN.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QUS.AX
BetaShares S&P 500 Equal Weight ETF		5.22%4.12%21.90%11.82%-5.88%8.16%
HGEN.AX
Global X Hydrogen ETF		43.83%43.64%-10.40%-20.10%-36.18%7.90%

Correlation

The correlation between QUS.AX and HGEN.AX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2021

0.38

Over the past year, the correlation between QUS.AX and HGEN.AX has dropped to 0.14 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaShares S&P 500 Equal Weight ETF

Global X Hydrogen ETF

Return for Risk

QUS.AX vs. HGEN.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QUS.AX
QUS.AX Risk / Return Rank: 2727
Overall Rank
QUS.AX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
QUS.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
QUS.AX Omega Ratio Rank: 2626
Omega Ratio Rank
QUS.AX Calmar Ratio Rank: 2626
Calmar Ratio Rank
QUS.AX Martin Ratio Rank: 2525
Martin Ratio Rank
HGEN.AX
HGEN.AX Risk / Return Rank: 7171
Overall Rank
HGEN.AX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
HGEN.AX Sortino Ratio Rank: 6767
Sortino Ratio Rank
HGEN.AX Omega Ratio Rank: 6363
Omega Ratio Rank
HGEN.AX Calmar Ratio Rank: 8383
Calmar Ratio Rank
HGEN.AX Martin Ratio Rank: 6767
Martin Ratio Rank
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.

QUS.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares S&P 500 Equal Weight ETF (QUS.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.

QUS.AXHGEN.AXDifference
Sharpe ratioReturn per unit of total volatility
0.89
1.94

-1.05

Sortino ratioReturn per unit of downside risk
1.30
2.50

-1.20

Omega ratioGain probability vs. loss probability

1.15

1.31

-0.16

Calmar ratioReturn relative to maximum drawdown

1.07

3.61

-2.54

Martin ratioReturn relative to average drawdown

2.72

9.67

-6.95

QUS.AX vs. HGEN.AX - Sharpe Ratio Comparison

The current QUS.AX Sharpe Ratio is 0.89, which is lower than the HGEN.AX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of QUS.AX and HGEN.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

QUS.AX vs. HGEN.AX - Drawdown Comparison

The maximum QUS.AX drawdown since its inception was -29.54%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for QUS.AX and HGEN.AX.

Loading charts...

Drawdown Indicators

QUS.AXHGEN.AXDifference

Max Drawdown

Largest peak-to-trough decline

-29.54%

-72.54%

+43.00%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-25.14%

+16.21%

Max Drawdown (3Y)

Largest decline over 3 years

-14.85%

-49.84%

+34.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.76%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-29.54%

—

—

Current Drawdown

Current decline from peak

-2.25%

-25.22%

+22.97%

Average Drawdown

Average peak-to-trough decline

-4.40%

-47.63%

+43.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

9.50%

-5.93%

Volatility

QUS.AX vs. HGEN.AX - Volatility Comparison

The current volatility for BetaShares S&P 500 Equal Weight ETF (QUS.AX) is 3.06%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that QUS.AX experiences smaller price fluctuations and is considered to be less risky than HGEN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QUS.AXHGEN.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

13.18%

-10.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

32.95%

-24.55%

Volatility (1Y)

Calculated over the trailing 1-year period

10.77%

46.74%

-35.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.51%

36.64%

-23.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.83%

36.64%

-21.81%

Dividends

QUS.AX vs. HGEN.AX - Dividend Comparison

QUS.AX's dividend yield for the trailing twelve months is around 1.98%, more than HGEN.AX's 0.78% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QUS.AX
BetaShares S&P 500 Equal Weight ETF		1.98%2.10%2.33%2.28%3.29%1.85%12.79%4.07%2.57%1.47%2.58%1.68%

Frequently Asked Questions

QUS.AX and HGEN.AX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QUS.AX tracks BetaShares S&P 500 Equal Weight Index, while HGEN.AX tracks Global X Hydrogen Index. They also come from different issuers: BetaShares and Global X.

Portfolio Optimizer

Find the right allocation for QUS.AX and HGEN.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer