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ETFs

Defiance Next Gen H2 ETF

HDRO
$--
Today’s Change
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Snapshot
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Inception Date
Mar 09 2021
Expense Ratio
0.30%
Type
Global Equities
Fund Owner
Defiance ETFs
Volume (1m avg. daily)
$159,416
AUM
$27,493,200
Associated Index
BlueStar Hydrogen & NextGen Fuel Cell Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PLUG
Plug Power Inc
9.11%
NEL
Nel ASA
8.67%
BE
Bloom Energy Corp - Ordinary Shares - Class A
8.59%
BLDP
Ballard Power Systems Inc.
8.04%
336260
Doosan Fuel Cell
7.57%
271940
ILJIN Hysolus Co. LTD.
4.73%
CWR
Ceres Power Holdings Plc
4.65%
ITM
ITM Power
4.64%
NCH2
Thyssenkrupp Nucera Ag & Co.
4.29%
APD
Air Products & Chemicals Inc.
4.28%
Invest with HDRO

What is HDRO?

The Fund uses a passive management (or indexing) approach to track the total return performance, before fees and expenses, of BlueStar Hydrogen & NextGen Fuel Cell Index. The Index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. The Index is predominantly comprised of pure-play companies, i.e., those that generate at least 50% of their revenues from products that facilitate hydrogen-based energy production, including fuel cells capable of using hydrogen as a fuel source (collectively, H2 Companies ).

ETFs related toHDRO

ETFs correlated to HDRO include ERTH, PBW, KOMP

HDRO
ETF Series Solutions Trust - Defiance Next Gen H2 ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power 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
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity 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

HDRO is a Global Equities ETF. The Fund uses a passive management (or indexing) approach to track the total return performance, before fees and expenses, of BlueStar Hydrogen & NextGen Fuel Cell Index. The Index is a rules-based index that tracks the performance of a group of globally listed equity securities of companies involved in the development of hydrogen-based energy sources and fuel cell technologies. The Index is predominantly comprised of pure-play companies, i.e., those that generate at least 50% of their revenues from products that facilitate hydrogen-based energy production, including fuel cells capable of using hydrogen as a fuel source (collectively, H2 Companies ).

HDRO tracks the BlueStar Hydrogen & NextGen Fuel Cell Index.

No, HDRO 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, HDRO 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 HDRO is -0.0958%. This is the percent change in the value of HDRO over the most recent 1-month period. The 3-month return on HDRO is -0.1682%. This is the percent change in the value of HDRO over the most recent 3-month period.

The standard deviation of HDRO for the past year is 0.3402%. 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 HDRO include IGF, ARKK, and EFG.

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

ETFs that are inversely correlated to HDRO include HIBS, HDGE, and RWM.

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.