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HDRO
VanEck Vectors Hydrogen Economy UCITS ETF

Index Description

The MVIS Global Hydrogen Economy 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 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%

 

Download Index Methodology

Index Information
 

  • Index Provider

    MV Index Solutions
  • 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 31 Aug 2021

  • USD

    51.97
  • GBP

    12.31
  • EUR

    11.38
  • JPY

    9.55
  • NOK

    6.46
  • KRW

    4.02
  • SEK

    2.74
  • CAD

    1.12
  • ILS

    0.44

Index Top 10 Constituents (%) as of 31 Aug 2021

Total Constituents: 25
Constituent Name
Ticker
Weightings (%)
Linde Plc
LIN US
9.79
Mitsubishi Chemical Holdings
4188 JP
9.55
Air Liquide Sa
AI FP
9.35
Ballard Power Systems Inc
BLDP US
9.19
Plug Power Inc
PLUG US
9.08
Air Products & Chemicals Inc
APD US
8.19
Itm Power Plc
ITM LN
6.11
Nel Asa
NEL NO
5.65
Bloom Energy Corp- A
BE US
5.60
Nikola Corp
NKLA US
5.24
Top 10 Total (%) 77.75
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Aug 2021

  • Country

    Weightings (%)
  • United States

    33.0
  • United Kingdom

    22.1
  • Canada

    10.3
  • France

    10.2
  • Japan

    9.6
  • Norway

    6.5
  • South Korea

    4.0
  • Sweden

    2.7
  • Germany

    1.1
  • Israel

    0.4

Index Sector Weightings (%) as of 31 Aug 2021

  • Sector

    Weightings (%)
  • Industrials

    62.3
  • Materials

    37.2
  • OTHERS

    0.5