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ETFs

Direxion Hydrogen ETF

HJEN
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Mar 25 2021
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$109,637
AUM
$28,213,282
Associated Index
Indxx Hydrogen Economy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

336260
Doosan Fuel Cell
46.09%
288620
S-Fuelcell Co. Ltd.
12.13%
298040
Hyosung Heavy Industries Co. Ltd
9.64%
5020
ENEOS Holdings Inc.
8.45%
5019
Idemitsu Kosan Co.Ltd
7.74%
4091
Nippon Sanso Holdings Corporation
6.67%
036460
Korea Gas Corporation
6.66%
PTTGC
PTT Global Chemical Public Company Limited
0.90%
NEL
Nel ASA
0.61%
PCELL
PowerCell Sweden AB.
0.20%
Invest with HJEN

What is HJEN?

The Direxion Hydrogen ETF seeks investment results, before fees and expenses, that track the Indxx Hydrogen Economy Index. The Index will track the performance of companies that provide goods and/or services related to the Hydrogen Industry, including hydrogen generation and storage, fuelcells, hydrogen stations, and hydrogen-based vehicles. The Index will include domestic securities as well as securities listed on various foreign markets, including among others, Japan and South Korea.

ETFs related toHJEN

ETFs correlated to HJEN include SCHC, VSS, ERTH

HJEN
Direxion Shares ETF Trust - Direxion Hydrogen ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
DFIS
Dimensional ETF Trust - Dimensional International Small Cap ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
FNDC
Schwab Strategic Trust - Schwab Fundamental International Small Company Index ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy 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

HJEN is a Global Equities ETF. The Direxion Hydrogen ETF seeks investment results, before fees and expenses, that track the Indxx Hydrogen Economy Index. The Index will track the performance of companies that provide goods and/or services related to the Hydrogen Industry, including hydrogen generation and storage, fuelcells, hydrogen stations, and hydrogen-based vehicles. The Index will include domestic securities as well as securities listed on various foreign markets, including among others, Japan and South Korea.

HJEN tracks the Indxx Hydrogen Economy Index.

No, HJEN 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, HJEN 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 HJEN is -0.0324%. This is the percent change in the value of HJEN over the most recent 1-month period. The 3-month return on HJEN is -0.0599%. This is the percent change in the value of HJEN over the most recent 3-month period.

The standard deviation of HJEN for the past year is 0.2976%. 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 HJEN include IGF, ARKK, and EFG.

ETFs correlated to HJEN include SCHC, VSS, and ERTH.

ETFs that are inversely correlated to HJEN include EFZ, EPV, and HIBS.

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.