How has the ETFS Hydrogen ETF (ASX:HGEN) share price been performing since listing?

This hydrogen ETF is giving investors some impressive gains…

| More on:
the words ETF in red with rising block chart and arrow

Image source: Getty Images

It’s been less than a month since the ETFS Hydrogen ETF (ASX: HGEN) made its debut on the ASX. But even though this exchange-traded fund (ETF) only floated back on 7 October, it’s already made quite the splash. Last week, we covered how this Hydrogen ETF was up almost 12% from where it started life on the ASX. As we said at the time, not a bad return for two weeks’ effort.

So how is HGEN going as it rapidly approaches the one-month mark?

HGEN: The most explosive hydrogen investment since the Hindenburg?

Well, as this ETF stands today, it’s trading at $11.98 per unit, up 0.25%. Since this ETF floated at a unit price of roughly $10.09, this means that the HGEN ETF is now up an impressive more than 18% since its ASX debut just 3 weeks ago. If this ETF continues at the current pace (for the record, unlikely), its investors will become very rich very quickly.

Let’s check out the underlying companies that are responsible for these rapid gains. So according to the fund provider, HGEN invests in a “concentrated portfolio of hydrogen companies with a focus on pure plays”.

The fund tracks the Solactive Global Hydrogen ESG Index, which presently holds 30 companies within it. As it stands today, the 5 largest of these holdings are Plug Power Inc (NASDAQ: PLUG)Ballard Power Systems Inc (NASDAQ: BLDP), ITM Power plc (LON: ITM), Bloom Energy Corp (NYSE: BE) and Doosan Fuel Cell Co Ltd (KRK: 336260)

Since this ETF’s ASX float, Plug Power shares are up 31.9%. Ballard Power Systems shares have risen by roughly 19%, while ITM Power is up 24.9%. Bloom Energy has appreciated by 44.1% while Doosan is up 13.9%.

Looking at these numbers, and it’s fairly easy to see why HGEN has had such a successful first 3 weeks on the ASX.

The ETFS Hydrogen ETF charges a management fee of 0.69% per annum, or $69 per year for every $10,000 invested.

Should you invest $1,000 in ETFS Hydrogen ETF right now?

Before you consider ETFS Hydrogen ETF, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and ETFS Hydrogen ETF wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ETFs

ETF written in yellow with a yellow underline and the full word spelt out in white underneath.
ETFs

2 fantastic ETFs for ASX investors to buy next week

Here are three quality ETFs to watch...

Read more »

Smiling man sits in front of a graph on computer while using his mobile phone.
ETFs

2 great ETFs I’d buy for my portfolio

I think these two ETFs could be good picks right now.

Read more »

Four ASX dividend shares investors stand in a line holding cash fanned in their hands with thoughtful looks on their faces wondering what the APA share price will do today and how big the APA dividend yield will be in 2022
ETFs

Is it a good time to buy the Vanguard Australian Shares Index ETF?

This exchange-traded fund is an interesting investment proposition in the current environment.

Read more »

the words ETF in red with rising block chart and arrow
ETFs

2 high quality ETFs for ASX investors to buy

Here are two ETFs to look at this month...

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
ETFs

Here’s why this ASX ETF is leaping 13% to a new 52-week high today

This ASX ETF is rocketing today. Here's how it is managing to defy the broader market.

Read more »

Concept image of US dollar in front of a graphic showing shares and a downward arrow representing the VTS ETF
ETFs

Vanguard US Total Market Shares Index ETF tumbles following Wall Street sell-off

This Vanguard ETF is feeling the pain today. Here's why...

Read more »

ETF written in yellow with a yellow underline and the full word spelt out in white underneath.
ETFs

3 top ETFs for ASX investors to buy now

Here are three top ETFs to buy this week...

Read more »

Four ASX dividend shares investors stand in a line holding cash fanned in their hands with thoughtful looks on their faces wondering what the APA share price will do today and how big the APA dividend yield will be in 2022
ETFs

Does the ETFS Battery Tech & Lithium ETF (ACDC) pay dividends?

We take a closer look at this exchange-traded fund...

Read more »