RAYS vs. HJEN

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Solar ETF (RAYS) and Direxion Hydrogen ETF (HJEN).

RAYS and HJEN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021. HJEN is a passively managed fund by Direxion that tracks the performance of the Indxx Hydrogen Economy Index - Benchmark TR Net. It was launched on Mar 25, 2021. Both RAYS and HJEN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

RAYS vs. HJEN - Yearly Performance Comparison

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

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 - Expense Ratio Comparison

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

RAYS

Global X Solar ETF

HJEN

Direxion Hydrogen ETF

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.

Dividends

RAYS vs. HJEN - Dividend Comparison

Neither RAYS nor HJEN has paid dividends to shareholders.

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

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%	—	—