UMAX.AX vs. HGEN.AX
UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds. UMAX.AX is actively managed, while HGEN.AX is passively managed. Over the past 3 years, UMAX.AX returned 12.47%/yr vs 12.54%/yr for HGEN.AX. At a 0.32 correlation, their price movements are largely independent.
Performance
UMAX.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, UMAX.AX achieves a 0.67% return, which is significantly lower than HGEN.AX's 43.83% return.
UMAX.AX
- 1D
- 0.11%
- 1M
- 2.86%
- 6M
- 1.19%
- YTD
- 0.67%
- 1Y
- 9.16%
- 3Y*
- 12.47%
- 5Y*
- 9.74%
- 10Y*
- 9.79%
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
UMAX.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 0.67% | 4.00% | 31.81% | 15.37% | -9.29% | 8.40% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between UMAX.AX and HGEN.AX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.32 |
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Return for Risk
UMAX.AX vs. HGEN.AX — Risk / Return Rank
UMAX.AX
HGEN.AX
UMAX.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.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.
| UMAX.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.61 | -2.85 |
| Martin ratioReturn relative to average drawdown | 1.77 | 9.67 | -7.90 |
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Drawdowns
UMAX.AX vs. HGEN.AX - Drawdown Comparison
The maximum UMAX.AX drawdown since its inception was -24.10%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for UMAX.AX and HGEN.AX.
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Drawdown Indicators
| UMAX.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -72.54% | +48.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -25.14% | +14.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -49.84% | +34.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -25.22% | +24.81% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -47.63% | +42.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 9.50% | -4.64% |
Volatility
UMAX.AX vs. HGEN.AX - Volatility Comparison
The current volatility for Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) is 2.82%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that UMAX.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
| UMAX.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 13.18% | -10.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 32.95% | -25.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 46.74% | -36.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 36.64% | -23.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 36.64% | -23.23% |
Dividends
UMAX.AX vs. HGEN.AX - Dividend Comparison
UMAX.AX's dividend yield for the trailing twelve months is around 3.12%, more than HGEN.AX's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 3.12% | 5.33% | 2.19% | 4.02% | 5.79% | 5.05% | 7.02% | 5.43% | 4.06% | 3.16% | 4.12% | 4.55% |
Frequently Asked Questions
UMAX.AX and HGEN.AX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BetaShares and Global X.
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