ROBO.AX vs. HGEN.AX
ROBO.AX (Global X ROBO Global Robotics & Automation ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds from Global X - ROBO.AX tracks the Global X ROBO Global Robotics & Automation Index while HGEN.AX tracks the Global X Hydrogen Index. Both are passively managed. Over the past 3 years, ROBO.AX returned 10.55%/yr vs 12.54%/yr for HGEN.AX. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ROBO.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ROBO.AX achieves a 10.71% return, which is significantly lower than HGEN.AX's 43.83% return.
ROBO.AX
- 1D
- -0.97%
- 1M
- -3.97%
- 6M
- 4.45%
- YTD
- 10.71%
- 1Y
- 25.10%
- 3Y*
- 10.55%
- 5Y*
- 6.26%
- 10Y*
- —
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
ROBO.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ROBO.AX Global X ROBO Global Robotics & Automation ETF | 10.71% | 15.06% | 8.41% | 22.97% | -28.81% | 12.15% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between ROBO.AX and HGEN.AX is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.63 |
The correlation between ROBO.AX and HGEN.AX has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
ROBO.AX vs. HGEN.AX — Risk / Return Rank
ROBO.AX
HGEN.AX
ROBO.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X ROBO Global Robotics & Automation ETF (ROBO.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.
| ROBO.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.61 | -1.73 |
| Martin ratioReturn relative to average drawdown | 5.71 | 9.67 | -3.95 |
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Drawdowns
ROBO.AX vs. HGEN.AX - Drawdown Comparison
The maximum ROBO.AX drawdown since its inception was -34.87%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for ROBO.AX and HGEN.AX.
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Drawdown Indicators
| ROBO.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -72.54% | +37.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -25.14% | +11.68% |
Max Drawdown (3Y)Largest decline over 3 years | -25.40% | -49.84% | +24.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | — | — |
Current DrawdownCurrent decline from peak | -9.33% | -25.22% | +15.89% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -47.63% | +37.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 9.50% | -5.01% |
Volatility
ROBO.AX vs. HGEN.AX - Volatility Comparison
The current volatility for Global X ROBO Global Robotics & Automation ETF (ROBO.AX) is 7.93%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that ROBO.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.
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Volatility by Period
| ROBO.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 13.18% | -5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 32.95% | -13.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.37% | 46.74% | -24.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.03% | 36.64% | -16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 36.64% | -16.88% |
Dividends
ROBO.AX vs. HGEN.AX - Dividend Comparison
ROBO.AX's dividend yield for the trailing twelve months is around 10.35%, more than HGEN.AX's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 0.78% | 0.34% | 0.60% | 0.17% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
ROBO.AX Global X ROBO Global Robotics & Automation ETF | 10.35% | 0.20% | 0.19% | 0.53% | 8.00% | 8.53% | 0.62% | 0.31% | 2.09% |
Frequently Asked Questions
ROBO.AX and HGEN.AX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROBO.AX tracks Global X ROBO Global Robotics & Automation Index, while HGEN.AX tracks Global X Hydrogen Index.
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