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HDRO
VanEck Hydrogen Economy UCITS ETF

Index Description

The MVIS Global Hydrogen Economy ESG Index tracks the overall performance of the global hydrogen segment and also considers fuel cell companies and industrial gases companies to a certain extent.

Index Key Points

Underlying Index
MVIS® Global Hydrogen Economy ESG Index (MVHTWOTR)

Index Composition

The modified market cap-weighted index tracks the performance of the global hydrogen segment and also considers fuel cell companies and industrial gases companies to a certain extend. The index includes mainly companies with at least 50% (25% for current components) of their revenues from hydrogen projects or projects that have the potential to generate at least 50% of their revenues from the hydrogen industry when developed. Due to the lack of pure-play companies in the global hydrogen segment, the index will also considers companies with at least 50% (25% for current components) of their revenues from fuel cells or industrial gases projects or projects that have the potential to generate at least 50% of their revenues from the fuel cell industry or the industrial gases industry.

Companies initially eligible for inclusion in Index

  • Companies have to generate at least 50% revenues from the hydrogen economy (exceptions possible)
  • Market cap exceeding $150 million
  • At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews
  • Individual company weights are capped at 10%
  • Companies with very severe social norms violations, or that have greater than 0% revenue exposure to controversial weapons, or that exceed certain thresholds of revenue exposure to various sectors including but not limited to civilian firearms, tobacco, and energy extractives are not eligible for inclusion.
  • Companies that are not covered by ISS or for which relevant data fields are not collected by ISS may be eligible for inclusion. For more details on the screening, please refer to the Index Methodology below.

 

Download Index Methodology

Index Information
 

  • Index Provider

    MarketVector Indexes

  • Index Type

    Total Return Net

  • Currency

    USD

  • Inception Date

    22 Dec 2020

  • Rebalance Frequency

    Quarterly

  • Bloomberg Ticker

    MVHTWOTR

  • Reuters Ticker

    .MVHTWOTR

Index Currency Exposure (%)
as of 30 Apr 2022

  • USD

    50.77

  • EUR

    13.15

  • GBP

    10.77

  • JPY

    8.78

  • NOK

    7.95

  • KRW

    4.69

  • SEK

    2.64

  • CAD

    0.87

  • ILS

    0.39

Index Top 10 Constituents (%) as of 30 Apr 2022

Total Constituents: 25
Constituent Name
Ticker
Weightings (%)
Air Liquide Sa
AI FP
10.63
Linde Plc
LIN US
9.71
Air Products & Chemicals Inc
APD US
9.55
Plug Power Inc
PLUG US
9.36
Mitsubishi Chemical Holdings
4188 JP
8.78
Bloom Energy Corp- A
BE US
7.31
Ballard Power Systems Inc
BLDP US
7.10
Nel Asa
NEL NO
6.84
Nikola Corp
NKLA US
6.39
Itm Power Plc
ITM LN
6.08
Top 10 Total (%) 81.75
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 30 Apr 2022

  • Country

    Weightings (%)
  • ■

    United States

    34.0
  • ■

    United Kingdom

    20.5
  • ■

    France

    12.0
  • ■

    Japan

    8.8
  • ■

    Canada

    8.0
  • ■

    Norway

    7.9
  • ■

    South Korea

    4.7
  • ■

    Sweden

    2.6
  • ■

    Germany

    1.2
  • ■

    Israel

    0.4

Index Sector Weightings (%) as of 30 Apr 2022

  • Sector

    Weightings (%)
  • ■

    Industrials

    59.1
  • ■

    Materials

    38.9
  • ■

    Consumer Discretionary

    1.2
  • ■

    OTHERS

    0.9

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