VVLU.AX vs. HGEN.AX
VVLU.AX (Vanguard Global Value Equity Active ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds. VVLU.AX is actively managed, while HGEN.AX is passively managed. Over the past 3 years, VVLU.AX returned 17.99%/yr vs 12.54%/yr for HGEN.AX. At a 0.40 correlation, their price movements are largely independent.
Performance
VVLU.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VVLU.AX achieves a 8.83% return, which is significantly lower than HGEN.AX's 43.83% return.
VVLU.AX
- 1D
- 1.02%
- 1M
- 2.82%
- 6M
- 7.37%
- YTD
- 8.83%
- 1Y
- 20.98%
- 3Y*
- 17.99%
- 5Y*
- 13.88%
- 10Y*
- —
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
VVLU.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVLU.AX Vanguard Global Value Equity Active ETF | 8.83% | 18.04% | 15.87% | 18.15% | 0.35% | 3.58% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between VVLU.AX and HGEN.AX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.40 |
Over the past year, the correlation between VVLU.AX and HGEN.AX has dropped to 0.12 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
VVLU.AX vs. HGEN.AX — Risk / Return Rank
VVLU.AX
HGEN.AX
VVLU.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Equity Active ETF (VVLU.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.
| VVLU.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.61 | -1.23 |
| Martin ratioReturn relative to average drawdown | 8.04 | 9.67 | -1.62 |
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Drawdowns
VVLU.AX vs. HGEN.AX - Drawdown Comparison
The maximum VVLU.AX drawdown since its inception was -36.95%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for VVLU.AX and HGEN.AX.
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Drawdown Indicators
| VVLU.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -72.54% | +35.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -25.14% | +15.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -49.84% | +35.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -25.22% | +24.98% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -47.63% | +41.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 9.50% | -6.71% |
Volatility
VVLU.AX vs. HGEN.AX - Volatility Comparison
The current volatility for Vanguard Global Value Equity Active ETF (VVLU.AX) is 3.57%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that VVLU.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
| VVLU.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 13.18% | -9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 32.95% | -21.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 46.74% | -33.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 36.64% | -21.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 36.64% | -18.68% |
Dividends
VVLU.AX vs. HGEN.AX - Dividend Comparison
VVLU.AX's dividend yield for the trailing twelve months is around 10.99%, 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% |
VVLU.AX Vanguard Global Value Equity Active ETF | 10.99% | 7.07% | 3.21% | 5.22% | 2.63% | 1.36% | 2.21% | 2.31% | 0.46% |
Frequently Asked Questions
VVLU.AX and HGEN.AX have a correlation of 0.12, 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: Vanguard and Global X.
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