RAYS vs. HJEN

Last updated Jun 4, 2026

RAYS (Global X Solar ETF) and HJEN (Direxion Hydrogen ETF) are both Alternative Energy Equities funds - RAYS tracks the Solactive Solar Index while HJEN tracks the Indxx Hydrogen Economy Index - Benchmark TR Net. Both are passively managed. RAYS charges 0.50%/yr vs 0.45%/yr for HJEN.

Performance

RAYS vs. HJEN - Performance Comparison

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

Returns By Period

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HJEN

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

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

RAYS vs. HJEN - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
HJEN Direxion Hydrogen ETF	0.00%

RAYS vs. HJEN - Sectors Allocation Comparison

Sectors	RAYS	HJEN
Technology	66.9%	7.6%
Industrials	21.4%	31.7%
Utilities	6.8%	-
Consumer Cyclical	4.0%	-
Basic Materials	0.9%	9.2%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	8.3%
Financial Services	-	3.3%
Healthcare	-	-
Real Estate	-	-

Return for Risk

RAYS vs. HJEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) 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.

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

Drawdowns

Drawdown Indicators

	RAYS	HJEN	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	0.00%	—	—

Volatility

Volatility by Period

	RAYS	HJEN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	—	—

RAYS vs. HJEN - Expense Ratio Comparison

RAYS has a 0.50% expense ratio, which is higher than HJEN's 0.45% expense ratio.

Dividends

RAYS vs. HJEN - Dividend Comparison

Neither RAYS nor HJEN has paid dividends to shareholders.

Position	TTM	2024	2023	2022	2021
HJEN Direxion Hydrogen ETF	0.00%	0.91%	1.50%	1.24%	0.76%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, RAYS 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, RAYS or HJEN?

HJEN is cheaper with a 0.45% expense ratio, compared with 0.50% for RAYS.

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

RAYS and HJEN have nearly identical dividend yields, around 0.00%.

What is the main difference between RAYS and HJEN?

RAYS tracks Solactive Solar Index, while HJEN tracks Indxx Hydrogen Economy Index - Benchmark TR Net. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.50% for RAYS and 0.45% for HJEN.