##  [# 2nd Hydrogen Fuel ETF Launches](/sections/daily-etf-watch/2nd-hydrogen-fuel-etf-launches) 

 

# 2nd Hydrogen Fuel ETF Launches

 

 

Direxion issues its first alternative energy fund.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Mar 26, 2021

 Edited by: Heather Bell

 

 

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Yesterday, Direxion rolled out an ETF that targets the hydrogen fuel industry. The [**Direxion Hydrogen ETF (HJEN)**](https://www.sec.gov/Archives/edgar/data/0001424958/000119312521092856/d130273d497k.htm) arrives on the heels of the launch of the [**Defiance Next Gen H2 ETF (HDRO)**](https://www.etf.com/hdro), which rolled out earlier this month.

HDRO comes with an expense ratio of 0.45% and lists on the NYSE Arca.

“Hydrogen is the lightest and most abundant element in the universe, and it may be the key to fulfilling the world’s growing energy needs, while fighting climate change,” said Direxion Managing Director David Mazza.

The fund’s underlying index targets companies at the global level that are involved in hydrogen generation and storage, fuel cells, hydrogen stations and hydrogen-based vehicles. The selected holdings are weighted by modified market capitalization, according to the prospectus.

Hydrogen is an up-and-coming alternative form of energy, and holds promise at least in part because the main byproduct of the energy production process is water. However, storage is an issue, and fuel cell technology is still developing.

HJEN goes head-to-head with HDRO, which is the cheaper fund with an expense ratio of 0.30%. The two funds have similar numbers of holdings, with HDRO holding 26 securities, whereas HJEN holds 30. The two funds have six of their top 10 holdings in common.

*Contact Heather Bell at* [*hbell@etf.com*](mailto:hbell@etf.com)



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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