WRLD.AX vs. HGEN.AX
WRLD.AX (Betashares Managed Risk Global Shares Complex ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds. WRLD.AX is actively managed, while HGEN.AX is passively managed. Over the past 3 years, WRLD.AX returned 16.18%/yr vs 12.54%/yr for HGEN.AX. At a 0.36 correlation, their price movements are largely independent.
Performance
WRLD.AX vs. HGEN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, WRLD.AX achieves a 4.57% return, which is significantly lower than HGEN.AX's 43.83% return.
WRLD.AX
- 1D
- -0.04%
- 1M
- 2.32%
- 6M
- 3.52%
- YTD
- 4.57%
- 1Y
- 13.29%
- 3Y*
- 16.18%
- 5Y*
- 10.33%
- 10Y*
- 10.04%
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
WRLD.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WRLD.AX Betashares Managed Risk Global Shares Complex ETF | 4.57% | 9.59% | 29.10% | 13.20% | -10.32% | 7.78% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between WRLD.AX and HGEN.AX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.36 |
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Return for Risk
WRLD.AX vs. HGEN.AX — Risk / Return Rank
WRLD.AX
HGEN.AX
WRLD.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Managed Risk Global Shares Complex ETF (WRLD.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.
| WRLD.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.61 | -2.20 |
| Martin ratioReturn relative to average drawdown | 4.01 | 9.67 | -5.65 |
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Drawdowns
WRLD.AX vs. HGEN.AX - Drawdown Comparison
The maximum WRLD.AX drawdown since its inception was -16.14%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for WRLD.AX and HGEN.AX.
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Drawdown Indicators
| WRLD.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.14% | -72.54% | +56.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -25.14% | +15.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -49.84% | +36.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -25.22% | +24.72% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -47.63% | +43.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 9.50% | -6.24% |
Volatility
WRLD.AX vs. HGEN.AX - Volatility Comparison
The current volatility for Betashares Managed Risk Global Shares Complex ETF (WRLD.AX) is 1.76%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that WRLD.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
| WRLD.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 13.18% | -11.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 32.95% | -26.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 46.74% | -37.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 36.64% | -25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 36.64% | -25.64% |
Dividends
WRLD.AX vs. HGEN.AX - Dividend Comparison
WRLD.AX has not paid dividends to shareholders, while HGEN.AX's dividend yield for the trailing twelve months is around 0.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WRLD.AX Betashares Managed Risk Global Shares Complex ETF | 0.00% | 0.00% | 0.00% | 0.17% | 4.66% | 0.00% | 0.00% | 1.66% | 0.90% | 0.00% | 0.51% |
Frequently Asked Questions
WRLD.AX and HGEN.AX have a correlation of 0.39, 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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