YMAX.AX vs. HGEN.AX
YMAX.AX (Betashares Australian Top 20 Equities Yield Maximiser Complex ETF) and HGEN.AX (Global X Hydrogen ETF) are both Global Equities funds. YMAX.AX is actively managed, while HGEN.AX is passively managed. Over the past 3 years, YMAX.AX returned 5.63%/yr vs 12.54%/yr for HGEN.AX. At a 0.36 correlation, their price movements are largely independent.
Performance
YMAX.AX vs. HGEN.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YMAX.AX achieves a 1.47% return, which is significantly lower than HGEN.AX's 43.83% return.
YMAX.AX
- 1D
- -0.27%
- 1M
- 0.48%
- 6M
- 3.11%
- YTD
- 1.47%
- 1Y
- 1.05%
- 3Y*
- 5.63%
- 5Y*
- 4.53%
- 10Y*
- 5.15%
HGEN.AX
- 1D
- -3.10%
- 1M
- -14.66%
- 6M
- 13.86%
- YTD
- 43.83%
- 1Y
- 92.59%
- 3Y*
- 12.54%
- 5Y*
- —
- 10Y*
- —
YMAX.AX vs. HGEN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF | 1.47% | 2.55% | 5.33% | 10.63% | 1.82% | 3.11% |
HGEN.AX Global X Hydrogen ETF | 43.83% | 43.64% | -10.40% | -20.10% | -36.18% | 7.90% |
Correlation
The correlation between YMAX.AX and HGEN.AX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YMAX.AX vs. HGEN.AX — Risk / Return Rank
YMAX.AX
HGEN.AX
YMAX.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.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.
| YMAX.AX | HGEN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 3.61 | -3.38 |
| Martin ratioReturn relative to average drawdown | 0.44 | 9.67 | -9.23 |
Loading charts...
Drawdowns
YMAX.AX vs. HGEN.AX - Drawdown Comparison
The maximum YMAX.AX drawdown since its inception was -31.97%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for YMAX.AX and HGEN.AX.
Loading charts...
Drawdown Indicators
| YMAX.AX | HGEN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -72.54% | +40.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -25.14% | +18.34% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -49.84% | +37.94% |
Max Drawdown (5Y)Largest decline over 5 years | -12.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -25.22% | +22.67% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -47.63% | +42.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 9.50% | -5.95% |
Volatility
YMAX.AX vs. HGEN.AX - Volatility Comparison
The current volatility for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) is 2.69%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 13.18%. This indicates that YMAX.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.
Loading charts...
Volatility by Period
| YMAX.AX | HGEN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 13.18% | -10.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 32.95% | -24.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 46.74% | -35.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 36.64% | -25.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 36.64% | -22.95% |
Dividends
YMAX.AX vs. HGEN.AX - Dividend Comparison
YMAX.AX's dividend yield for the trailing twelve months is around 4.53%, 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% |
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF | 4.53% | 8.05% | 3.52% | 6.15% | 7.34% | 8.58% | 8.18% | 9.01% | 7.13% | 6.46% | 7.18% | 6.73% |
Frequently Asked Questions
YMAX.AX and HGEN.AX have a correlation of 0.30, 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.
Find the right allocation for YMAX.AX and HGEN.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer