Average Daily Volume
12.5K
Fund Overview
The Global X Hydrogen ETF (HYDR) seeks to invest in companies positioned to benefit from the advancement of the global hydrogen industry. This includes companies involved in hydrogen production, storage, fuel cell technology, and other related applications. The ETF provides exposure to a broad range of companies across the hydrogen value chain, from established industrial gas producers to innovative startups developing next-generation hydrogen solutions. The fund is designed for investors seeking long-term growth potential tied to the adoption of hydrogen as a clean energy alternative.
- Asset Class
-
Equity
- Industry
-
Hydrogen
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- -0.33 %
- Currency Hedged
-
No
- Portfolio Turnover
-
37 %
- Dividend Date
-
Why Invest in the HYDR ETF?
Potential Benefits
- Provides exposure to the growing hydrogen economy, which is expected to play a key role in global decarbonization efforts.
- Diversified across multiple segments of the hydrogen value chain, reducing single-company risk.
- Offers potential for long-term capital appreciation as hydrogen adoption increases.
- Aligned with global trends toward renewable energy and sustainability initiatives.
- Liquidity and transparency of an ETF structure compared to direct investments in hydrogen startups.
Potential Risks
- High volatility due to the emerging nature of the hydrogen industry and technological uncertainties.
- Regulatory risks as hydrogen policies and subsidies vary by country and may change over time.
- Competition from other clean energy technologies (e.g., batteries) could limit hydrogen adoption.
- Many holdings are small-cap or growth companies with unproven business models.
- Concentration risk in certain geographies or subsectors of the hydrogen market.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+18.8%
|
+3.3%
|
-7.1%
|
+61.2%
|
+20.4%
|
-24.0%
|
-23.6%
|
+6.1%
|
+2.7%
|
+2.0%
|
-
|
-
|
| 2025 |
-5.3%
|
-7.8%
|
-15.2%
|
-0.9%
|
+9.3%
|
+27.8%
|
+4.6%
|
+8.4%
|
+30.3%
|
+28.2%
|
-15.7%
|
-12.1%
|
| 2024 |
-12.6%
|
-9.4%
|
+3.1%
|
-7.4%
|
+28.0%
|
-21.7%
|
+2.4%
|
-10.0%
|
+6.1%
|
-15.3%
|
+18.3%
|
-9.7%
|
| 2023 |
+24.0%
|
-10.2%
|
-9.7%
|
-11.3%
|
-10.2%
|
+5.6%
|
+13.6%
|
-17.4%
|
-14.4%
|
-18.0%
|
+7.8%
|
+5.8%
|
| 2022 |
-23.0%
|
+14.0%
|
+5.4%
|
-19.1%
|
-6.6%
|
-16.4%
|
+20.5%
|
+1.4%
|
-24.1%
|
-2.0%
|
+10.7%
|
-10.2%
|
| 2021 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-0.3%
|
-7.5%
|
+22.9%
|
-9.6%
|
-15.4%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
BE
|
BLOOM ENERGY CORP CLASS A |
21.1 % |
|
PLUG
|
PLUG POWER INC |
10.1 % |
|
FCEL
|
FUELCELL ENERGY INC |
4.3 % |
|
APD
|
AIR PRODUCTS & CHEMICALS INC |
2.3 % |
|
CMI
|
CUMMINS INC |
2.2 % |
|
HY
|
HYSTER YALE INC CLASS A |
0.3 % |
Top 10 holdings shown, out of 25 total holdings.
Related ETFs: HYDR vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
HYDR tracks the Solactive Global Hydrogen Index, which uses a rules-based methodology to select companies deriving significant revenue from hydrogen-related business activities. The index includes companies across market capitalizations and geographies, weighted by float-adjusted market cap with constraints to prevent excessive concentration. The fund holds 30-50 positions spanning hydrogen production, fuel cells, storage solutions, and enabling technologies. The index is rebalanced semi-annually to maintain target exposures.
Frequently Asked Questions
What types of companies does HYDR invest in?
HYDR holds companies involved in hydrogen production, fuel cell development, storage solutions, and related infrastructure across the value chain.
How does HYDR differ from broader clean energy ETFs?
While funds like ICLN invest across solar, wind and other renewables, HYDR focuses specifically on hydrogen-related companies, offering more targeted exposure.
What percentage of HYDR is invested in small-cap companies?
As of the last rebalance, approximately 35% of HYDR's holdings were small-cap stocks, reflecting the emerging nature of many hydrogen technology firms.
Does HYDR pay dividends?
HYDR has paid modest dividends historically (current yield around 0.8%), primarily from holdings in established industrial gas companies.
How has HYDR performed compared to traditional energy ETFs?
HYDR has shown low correlation to oil & gas ETFs, with performance more tied to clean energy adoption trends and hydrogen-specific policy developments.
Industry Overview
The hydrogen industry represents a critical component of the global energy transition, with potential applications in transportation, industrial processes, and energy storage. The Global X Hydrogen ETF (HYDR) provides targeted exposure to this emerging sector. While hydrogen currently accounts for a small portion of global energy use, projections suggest significant growth as countries implement net-zero emissions targets. The industry faces challenges including high production costs (especially for 'green' hydrogen made with renewable energy) and infrastructure development needs, but supportive policies like the U.S. Inflation Reduction Act and European Green Deal are accelerating investment.
Alternative Comparison
Compared to HDRO (Defiance Next Gen H2 ETF), HYDR offers broader geographic diversification with about 40% non-U.S. exposure versus HDRO's heavier U.S. focus. While both track hydrogen-focused indexes, HYDR's underlying index includes more established industrial gas companies alongside pure-play hydrogen firms. ICLN (iShares Global Clean Energy ETF) provides more diversified clean energy exposure but with less direct hydrogen focus. HYDR's 0.50% expense ratio is competitive for the niche hydrogen ETF space.
Issuer Overview
Global X ETFs, the issuer of HYDR, is known for thematic ETFs targeting disruptive technologies and emerging trends. The firm manages over $40 billion in assets across its ETF lineup and has particular expertise in next-generation energy solutions. Global X employs a passive management approach for HYDR, tracking a proprietary index of hydrogen-related companies.
Conclusion
HYDR offers focused exposure to the hydrogen economy's growth potential, suitable for investors with high risk tolerance and long time horizons. While the sector faces technological and adoption uncertainties, hydrogen's potential role in hard-to-decarbonize industries makes HYDR a compelling option for thematic portfolios. Investors should be prepared for volatility and consider HYDR as a satellite holding rather than a core position.
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