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ETFs

Global X Funds Global X Hydrogen ETF

HYDR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 12 2021
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$308,442
AUM
$40,644,982
Associated Index
Solactive Global Hydrogen Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BE
Bloom Energy Corp - Ordinary Shares - Class A
13.85%
PLUG
Plug Power Inc
13.01%
NEL
Nel ASA
9.62%
BLDP
Ballard Power Systems Inc.
8.18%
ITM
ITM Power
5.87%
CWR
Ceres Power Holdings Plc
5.23%
F3C
SFC Energy AG
4.54%
AFC
AFC Energy Plc
3.87%
336260
Doosan Fuel Cell
3.56%
HYZN
Hyzon Motors Inc - Ordinary Shares - Class A
3.40%
Invest with HYDR

What is HYDR?

The Global X Hydrogen ETF (HYDR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Hydrogen Index. The Underlying Index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of hydrogen technology. Hydrogen technology includes products and services focused on the development and implementation of hydrogen gas as a renewable fuel source. Hydrogen technology may play an important role in the transition toward renewable energy from fossil fuels. Specifically, the Underlying Index will include securities issued by Hydrogen Companies as defined by Solactive AG, the provider of the Underlying Index (the "Index Provider"). Hydrogen Companies . are those companies that derive at least 50% of their revenues, operating income, or assets from the following business activities: 1. Hydrogen Production: Companies involved in the production, transportation, storage, and distribution of hydrogen (including renewable hydrogen) that can be used as an energy source. 2. Hydrogen Fuel Cells: Companies that develop and/or manufacture fuel cells (and the components thereof) that convert chemical energy into electricity and heat, powered by hydrogen fuel and/or reformed hydrogen-rich gas. 3. Hydrogen Technology: Companies involved in the production of hydrogen electrolyzers (which produce hydrogen gas from water), tanks and pipelines, commercial and residential infrastructure, generators, engines, and vehicles powered by hydrogen fuel cells, as well as hydrogen fueling stations. 4. Hydrogen Integration: Companies that provide engineering and consulting services for the adoption and utilization of hydrogen-based fuel and/or energy sources at the residential, commercial, and industrial levels.

ETFs related toHYDR

ETFs correlated to HYDR include PBW, ERTH, KOMP

HYDR
Global X Funds - Global X Hydrogen ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HYDR is a Global Equities ETF. The Global X Hydrogen ETF (HYDR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Hydrogen Index. The Underlying Index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of hydrogen technology. Hydrogen technology includes products and services focused on the development and implementation of hydrogen gas as a renewable fuel source. Hydrogen technology may play an important role in the transition toward renewable energy from fossil fuels. Specifically, the Underlying Index will include securities issued by Hydrogen Companies as defined by Solactive AG, the provider of the Underlying Index (the "Index Provider"). Hydrogen Companies . are those companies that derive at least 50% of their revenues, operating income, or assets from the following business activities: 1. Hydrogen Production: Companies involved in the production, transportation, storage, and distribution of hydrogen (including renewable hydrogen) that can be used as an energy source. 2. Hydrogen Fuel Cells: Companies that develop and/or manufacture fuel cells (and the components thereof) that convert chemical energy into electricity and heat, powered by hydrogen fuel and/or reformed hydrogen-rich gas. 3. Hydrogen Technology: Companies involved in the production of hydrogen electrolyzers (which produce hydrogen gas from water), tanks and pipelines, commercial and residential infrastructure, generators, engines, and vehicles powered by hydrogen fuel cells, as well as hydrogen fueling stations. 4. Hydrogen Integration: Companies that provide engineering and consulting services for the adoption and utilization of hydrogen-based fuel and/or energy sources at the residential, commercial, and industrial levels.

HYDR tracks the Solactive Global Hydrogen Index.

No, HYDR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYDR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYDR is -0.094%. This is the percent change in the value of HYDR over the most recent 1-month period. The 3-month return on HYDR is -0.1493%. This is the percent change in the value of HYDR over the most recent 3-month period.

The standard deviation of HYDR for the past year is 0.3973%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYDR include IGF, ARKK, and EFG.

ETFs correlated to HYDR include PBW, ERTH, and KOMP.

ETFs that are inversely correlated to HYDR include HIBS, RWM, and TWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.