WGMI vs. HYDR

Last updated Jul 21, 2026

WGMI (CoinShares Bitcoin Miners ETF) and HYDR (Global X Hydrogen ETF) are both exchange-traded funds - WGMI is a Cryptocurrency fund actively managed by CoinShares, while HYDR is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen Index - Benchmark TR Net. WGMI is actively managed, while HYDR is passively managed. Over the past 3 years, WGMI returned 48.22%/yr vs -5.58%/yr for HYDR. A 0.56 correlation means they provide meaningful diversification when combined. WGMI charges 0.75%/yr vs 0.50%/yr for HYDR.

Performance

WGMI vs. HYDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoinShares Bitcoin Miners ETF (WGMI) and Global X Hydrogen ETF (HYDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGMI achieves a 37.71% return, which is significantly higher than HYDR's 31.47% return.

WGMI

• 1D: 10.78%
• 1M: -26.91%
• 6M: 3.21%
• YTD: 37.71%
• 1Y: 97.01%
• 3Y*: 48.22%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.18%

HYDR

• 1D: -2.18%
• 1M: -26.43%
• 6M: 8.07%
• YTD: 31.47%
• 1Y: 77.56%
• 3Y*: -5.58%
• 5Y*: -18.60%
• 10Y*: —
• ALL TIME*: -18.57%

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

WGMI vs. HYDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WGMI CoinShares Bitcoin Miners ETF	37.71%	72.47%	23.54%	304.08%	-82.94%
HYDR Global X Hydrogen ETF	31.47%	43.73%	-33.08%	-36.49%	-29.53%

Correlation

The correlation between WGMI and HYDR is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.56

The correlation between WGMI and HYDR has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

WGMI vs. HYDR - Sectors Allocation Comparison

Sectors	WGMI	HYDR
Technology	47.8%	4.1%
Financial Services	45.4%	-
Utilities	4.1%	1.2%
Communication Services	2.0%	-
Industrials	0.7%	85.8%
Basic Materials	-	4.6%
Consumer Cyclical	-	5.4%
Consumer Defensive	-	-
Energy	-	1.2%
Healthcare	-	-
Real Estate	-	-

Return for Risk

WGMI vs. HYDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WGMI

WGMI Risk / Return Rank: 45
WGMI Sharpe Ratio Rank: 47
WGMI Sortino Ratio Rank: 50
WGMI Omega Ratio Rank: 44
WGMI Calmar Ratio Rank: 50
WGMI Martin Ratio Rank: 34

HYDR

HYDR Risk / Return Rank: 49
HYDR Sharpe Ratio Rank: 53
HYDR Sortino Ratio Rank: 57
HYDR Omega Ratio Rank: 49
HYDR Calmar Ratio Rank: 47
HYDR Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WGMI vs. HYDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Bitcoin Miners ETF (WGMI) and Global X Hydrogen ETF (HYDR). 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.

	WGMI	HYDR	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.38	-0.13
Sortino ratio: Return per unit of downside risk	1.90	2.07	-0.17
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.91	1.81	+0.10
Martin ratio: Return relative to average drawdown	3.77	4.69	-0.93

WGMI vs. HYDR - Sharpe Ratio Comparison

The current WGMI Sharpe Ratio is 1.24, which is comparable to the HYDR Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of WGMI and HYDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WGMI vs. HYDR - Drawdown Comparison

The maximum WGMI drawdown since its inception was -85.76%, roughly equal to the maximum HYDR drawdown of -89.28%. Use the drawdown chart below to compare losses from any high point for WGMI and HYDR.

Drawdown Indicators

	WGMI	HYDR	Difference
Max Drawdown Largest peak-to-trough decline	-85.76%	-89.28%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-50.94%	-43.02%	-7.92%
Max Drawdown (3Y) Largest decline over 3 years	-62.79%	-70.32%	+7.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-89.28%	—
Current Drawdown Current decline from peak	-26.91%	-69.81%	+42.90%
Average Drawdown Average peak-to-trough decline	-42.09%	-64.14%	+22.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.85%	16.58%	+9.27%

Volatility

WGMI vs. HYDR - Volatility Comparison

CoinShares Bitcoin Miners ETF (WGMI) has a higher volatility of 24.38% compared to Global X Hydrogen ETF (HYDR) at 16.40%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier than HYDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WGMI	HYDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.38%	16.40%	+7.98%
Volatility (6M) Calculated over the trailing 6-month period	57.47%	40.93%	+16.54%
Volatility (1Y) Calculated over the trailing 1-year period	78.75%	56.80%	+21.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.64%	47.76%	+33.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.64%	47.71%	+33.93%

WGMI vs. HYDR - Expense Ratio Comparison

WGMI has a 0.75% expense ratio, which is higher than HYDR's 0.50% expense ratio.

Dividends

WGMI vs. HYDR - Dividend Comparison

WGMI has not paid dividends to shareholders, while HYDR's dividend yield for the trailing twelve months is around 3.18%.

Position	TTM	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	3.18%	3.82%	0.40%	0.00%	0.00%	0.06%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WGMI and HYDR in my portfolio?

WGMI and HYDR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WGMI or HYDR?

WGMI has higher volatility (24.38%) compared to HYDR (16.40%). In terms of maximum drawdown, WGMI dropped -85.76% vs HYDR's -89.28%.

Which ETF is better, WGMI or HYDR?

On 3-year performance, WGMI leads with 48.22% vs -5.58% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, HYDR has been the lower-risk option at 16.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WGMI or HYDR?

Over the 3-year period, WGMI has performed better with a 48.22% return vs -5.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WGMI or HYDR?

HYDR is cheaper with a 0.50% expense ratio, compared with 0.75% for WGMI.

Which ETF pays a higher dividend yield, WGMI or HYDR?

HYDR has the higher dividend yield at 3.18%, compared with 0.00% for WGMI.

What is the main difference between WGMI and HYDR?

WGMI is categorized as Cryptocurrency, while HYDR is Alternative Energy Equities. They also come from different issuers: CoinShares and Global X. Their fees differ too: 0.75% for WGMI and 0.50% for HYDR.

Which has better risk-adjusted returns?

HYDR currently has the higher Sharpe Ratio (1.38 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.