HDRODefiance Next Gen H2 ETF
HDRO Fund Description
HDRO tracks a modified market-cap-weighted index that targets globally-listed firms in the hydrogen and fuel cell segment.
HDRO Factset Analytics Insight
HDRO is one of the first ETFs that capture the global hydrogen-based energy industry. The fund mainly focuses on pure-play companies—those that derive at least 50% of their revenue from hydrogen-based energy sources and fuel cell technologies. HDRO selects stocks by market-cap to construct its narrow portfolio, holding at least 25 constituents. In the event that fewer than 25 eligible pure-play stocks are included, non-pure-play companies, excluding vehicle manufacturers, may be selected. Holdings are weighted in tiers—first by market-cap, with a minimum aggregate weight of 85% for pure-play companies and a single security weight cap of 10% (4% for industrial gas). Weights are then adjusted using a liquidity overlay. The index is reconstituted and rebalanced quarterly.
HDRO MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
HDRO Summary Data
HDRO Portfolio Data
HDRO Index Data
HDRO Portfolio Management
HDRO Tax Exposures
HDRO Fund Structure
HDRO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HDRO. HDRO is rated a 2 out of 5.
HDRO Economic Development
HDRO Performance Statistics
HDRO Benchmark Comparison Summary
HDRO Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.