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ZYAU.AX vs. HGEN.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZYAU.AX vs. HGEN.AX

Last updated Jul 18, 2026
Documentation

ZYAU.AX (Global X S&P/ASX 200 High Dividend ETF) and HGEN.AX (Global X Hydrogen ETF) are both exchange-traded funds - ZYAU.AX is a Dividend fund tracking the Global X S&P/ASX 200 High Dividend Index, while HGEN.AX is a Global Equities fund tracking the Global X Hydrogen Index. Both are passively managed. Over the past 3 years, ZYAU.AX returned 14.79%/yr vs 9.56%/yr for HGEN.AX. At a 0.39 correlation, their price movements are largely independent.

Performance

ZYAU.AX vs. HGEN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and Global X Hydrogen ETF (HGEN.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZYAU.AX achieves a 7.61% return, which is significantly lower than HGEN.AX's 34.18% return.

ZYAU.AX

1D
0.10%
1M
-0.92%
6M
6.29%
YTD
7.61%
1Y
16.87%
3Y*
14.79%
5Y*
7.90%
10Y*
8.55%

HGEN.AX

1D
-6.71%
1M
-22.55%
6M
6.70%
YTD
34.18%
1Y
81.42%
3Y*
9.56%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZYAU.AX vs. HGEN.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		7.61%16.65%9.61%13.28%-10.97%7.56%
HGEN.AX
Global X Hydrogen ETF		34.18%43.64%-10.40%-20.10%-36.18%7.90%

Correlation

The correlation between ZYAU.AX and HGEN.AX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

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

0.39

The correlation between ZYAU.AX and HGEN.AX shifts across timeframes, from 0.24 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

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Global X S&P/ASX 200 High Dividend ETF

Global X Hydrogen ETF

Often compared with ZYAU.AX:
ZYAU.AX vs. ACDC.AXZYAU.AX vs. BANK.AXZYAU.AX vs. CURE.AXZYAU.AX vs. ESTX.AXZYAU.AX vs. GXLD.AXZYAU.AX vs. IHD.AXZYAU.AX vs. INCM.AX
Often compared with HGEN.AX:
HGEN.AX vs. CORE.AXHGEN.AX vs. ESGI.AXHGEN.AX vs. ESTX.AXHGEN.AX vs. F100.AXHGEN.AX vs. GLIN.AXHGEN.AX vs. HJPN.AXHGEN.AX vs. IAA.AX

Return for Risk

ZYAU.AX vs. HGEN.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZYAU.AX
ZYAU.AX Risk / Return Rank: 6060
Overall Rank
ZYAU.AX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ZYAU.AX Sortino Ratio Rank: 5757
Sortino Ratio Rank
ZYAU.AX Omega Ratio Rank: 5454
Omega Ratio Rank
ZYAU.AX Calmar Ratio Rank: 8080
Calmar Ratio Rank
ZYAU.AX Martin Ratio Rank: 5454
Martin Ratio Rank
HGEN.AX
HGEN.AX Risk / Return Rank: 6666
Overall Rank
HGEN.AX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
HGEN.AX Sortino Ratio Rank: 6464
Sortino Ratio Rank
HGEN.AX Omega Ratio Rank: 6161
Omega Ratio Rank
HGEN.AX Calmar Ratio Rank: 7373
Calmar Ratio Rank
HGEN.AX Martin Ratio Rank: 6363
Martin Ratio Rank
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.

ZYAU.AX vs. HGEN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/ASX 200 High Dividend ETF (ZYAU.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.

ZYAU.AXHGEN.AXDifference
Sharpe ratioReturn per unit of total volatility
1.44
1.67

-0.23

Sortino ratioReturn per unit of downside risk
2.07
2.24

-0.18

Omega ratioGain probability vs. loss probability

1.25

1.28

-0.02

Calmar ratioReturn relative to maximum drawdown

3.07

2.71

+0.36

Martin ratioReturn relative to average drawdown

6.82

8.25

-1.43

ZYAU.AX vs. HGEN.AX - Sharpe Ratio Comparison

The current ZYAU.AX Sharpe Ratio is 1.44, which is comparable to the HGEN.AX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of ZYAU.AX and HGEN.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZYAU.AX vs. HGEN.AX - Drawdown Comparison

The maximum ZYAU.AX drawdown since its inception was -41.40%, smaller than the maximum HGEN.AX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for ZYAU.AX and HGEN.AX.

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Drawdown Indicators

ZYAU.AXHGEN.AXDifference

Max Drawdown

Largest peak-to-trough decline

-41.40%

-72.54%

+31.14%

Max Drawdown (1Y)

Largest decline over 1 year

-5.27%

-29.11%

+23.84%

Max Drawdown (3Y)

Largest decline over 3 years

-11.67%

-49.84%

+38.17%

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.40%

—

—

Current Drawdown

Current decline from peak

-2.42%

-30.24%

+27.82%

Average Drawdown

Average peak-to-trough decline

-5.83%

-47.61%

+41.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

9.68%

-7.27%

Volatility

ZYAU.AX vs. HGEN.AX - Volatility Comparison

The current volatility for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) is 1.86%, while Global X Hydrogen ETF (HGEN.AX) has a volatility of 14.51%. This indicates that ZYAU.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

ZYAU.AXHGEN.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.86%

14.51%

-12.65%

Volatility (6M)

Calculated over the trailing 6-month period

8.45%

33.68%

-25.23%

Volatility (1Y)

Calculated over the trailing 1-year period

11.22%

47.24%

-36.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.54%

36.75%

-23.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

36.75%

-21.43%

Dividends

ZYAU.AX vs. HGEN.AX - Dividend Comparison

ZYAU.AX's dividend yield for the trailing twelve months is around 4.27%, more than HGEN.AX's 0.83% yield.

PositionTTM20252024202320222021202020192018201720162015
HGEN.AX
Global X Hydrogen ETF		0.83%0.34%0.60%0.17%0.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		4.27%4.22%7.82%11.01%9.36%6.73%4.68%6.38%9.89%15.54%5.13%2.66%

Frequently Asked Questions

ZYAU.AX and HGEN.AX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZYAU.AX is categorized as Dividend, while HGEN.AX is Global Equities. ZYAU.AX tracks Global X S&P/ASX 200 High Dividend Index, while HGEN.AX tracks Global X Hydrogen Index.

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