HYDR:NASDAQGlobal X Hydrogen ETF Analysis
Data as of 2026-04-09 - not real-time
$38.28
Latest Price
7/10Risk
Risk Level: Medium
Executive Summary
The Global X Hydrogen ETF (HYDR) is trading at $38.28, comfortably above its 20‑day ($37.84) and 50‑day ($38.14) simple moving averages, indicating short‑term price strength. Momentum indicators are neutral to mildly bullish with an RSI of 52.7 and a MACD histogram that has just turned positive, while the MACD signal remains bullish. Fundamentally, the ETF delivered a solid YTD return of 10.28% and offers an attractive dividend yield of 3.43%.
However, the fund carries a high beta of 1.89 and a 30‑day volatility of 45.8%, reflecting pronounced sensitivity to market swings. The maximum drawdown of -31.7% underscores the downside risk inherent in the hydrogen sector, which is still in an early growth phase and thus prone to sharp corrections.
Liquidity appears adequate with stable trading volume around 42,000 shares, but the sector concentration risk remains elevated given the ETF’s exclusive focus on hydrogen‑related equities.
However, the fund carries a high beta of 1.89 and a 30‑day volatility of 45.8%, reflecting pronounced sensitivity to market swings. The maximum drawdown of -31.7% underscores the downside risk inherent in the hydrogen sector, which is still in an early growth phase and thus prone to sharp corrections.
Liquidity appears adequate with stable trading volume around 42,000 shares, but the sector concentration risk remains elevated given the ETF’s exclusive focus on hydrogen‑related equities.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Price above short‑term SMAs indicating support
- Bullish MACD signal with neutral RSI
- Attractive dividend yield offsetting short‑term volatility
Medium Term
1–3 yearsPositive
Model confidence: 5/10
Key Factors
- Growing global interest in hydrogen as a clean energy vector
- YTD outperformance despite sector volatility
- Potential for capital appreciation as hydrogen infrastructure expands
Long Term
> 3 yearsPositive
Model confidence: 7/10
Key Factors
- Long‑term secular tailwinds for hydrogen technology
- High dividend yield providing income while waiting for sector maturation
- Historical price above long‑term SMA (200‑day) suggesting a bullish structural trend
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.50%
AUM$57.0M
Inception Date2021-07-12
Avg Daily Volume21,780
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield3.43%
Technical Analysis
TrendNeutral
RSI52.7
Support$33.92
Resistance$40.94
MA 20$37.84
MA 50$38.14
MA 200$34.16
MACDBullish
VolumeStable
Fear & Greed Index83.57
Risk Assessment
Beta1.89
Volatility45.76%
Currency RiskLow
Liquidity RiskMedium
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.