Verdicts genuinely change. Free email alert the moment HYDR's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Global X Hydrogen ETF ETF · GLOBAL X FUNDS
32 holdings · as of 2026-05-31 (4.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 104% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 37.36% of portfolio weight is in non-compliant holdings, over the 5% threshold.
32 holdings, 17 matched (86% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
6.15% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (16 of 32 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
49.8% compliant 0.0% questionable 35.9% non-compliant 14.3% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 336260.KS Doosan Fuel Cell Co., Ltd. | COMPLIANT | 16.36% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BE BLOOM ENERGY CORPORATION | COMPLIANT | 15.50% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PLUG PLUG POWER INC. | COMPLIANT | 10.78% | AAOIFI25.2% Usmani37.6% Dow Jones Islamic31.7% S&P Shariah31.3% MSCI Islamic36.3% MSCI Islamic M-Series31.3% FTSE Shariah26.5% |
| BLDP.TO BALLARD POWER SYSTEMS INC. | NON_COMPLIANT | 9.12% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| FCEL FUELCELL ENERGY, INC. | NON_COMPLIANT | 7.18% | AAOIFI11.7% Usmani12.7% Dow Jones Islamic39.7% S&P Shariah38.1% MSCI Islamic12.7% MSCI Islamic M-Series38.1% FTSE Shariah11.7% |
| ITM.L ITM POWER PLC | NON_COMPLIANT | 6.69% | AAOIFI1.7% Usmani7.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.6% MSCI Islamic M-Seriesfail FTSE Shariah3.6% |
| CWR.L CERES POWER HOLDINGS PLC | NON_COMPLIANT | 5.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VINATECH CO.,LTD | UNSCREENED | 4.89% | no in-house ratios for this holding |
| F3C.DE SFC Energy AG | COMPLIANT | 4.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| NEL.OL Nel ASA | NON_COMPLIANT | 4.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BNYREPOS | UNSCREENED | 3.70% | no in-house ratios for this holding |
| H-POWER PLC | UNSCREENED | 2.42% | no in-house ratios for this holding |
| PCELL.ST Powercell Sweden AB (publ) | COMPLIANT | 2.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CMI CUMMINS INC. | COMPLIANT | 1.58% | AAOIFI9.7% Usmani21.0% Dow Jones Islamic12.1% S&P Shariah14.2% MSCI Islamic21.0% MSCI Islamic M-Series14.2% FTSE Shariah19.3% |
| 2582.HK Jiangsu Guofu Hydrogen Energy Equipment Co Ltd | NON_COMPLIANT | 1.31% | AAOIFI101.9% Usmani33.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic33.7% MSCI Islamic M-Seriespass FTSE Shariah33.7% |
| Iljin HySolus Co Ltd | UNSCREENED | 1.25% | no in-house ratios for this holding |
| APD AIR PRODUCTS AND CHEMICALS, INC. | COMPLIANT | 1.22% | AAOIFI0.9% Usmani1.5% Dow Jones Islamic1.0% S&P Shariah1.0% MSCI Islamic1.5% MSCI Islamic M-Series1.0% FTSE Shariah0.3% |
| JMT2.DU JOHNSON MATTHEY PLC | NON_COMPLIANT | 1.17% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 7203.T TOYOTA MOTOR CORPORATION | NON_COMPLIANT | 1.07% | AAOIFI117.9% Usmani41.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic40.9% MSCI Islamic M-Seriesfail FTSE Shariah40.9% |
| Bumhan Fuel Cell Co., Ltd. | UNSCREENED | 0.83% | no in-house ratios for this holding |
| Beijing SinoHytec Co Ltd | UNSCREENED | 0.67% | no in-house ratios for this holding |
| HY HYSTER-YALE, INC. | NON_COMPLIANT | 0.63% | AAOIFI97.1% Usmani32.3% Dow Jones Islamic87.7% S&P Shariah77.7% MSCI Islamic32.3% MSCI Islamic M-Series77.7% FTSE Shariah32.3% |
| 059090.KQ MiCo Ltd. | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Nanofilm Technologies International Ltd | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Shanghai REFIRE Group Ltd | UNSCREENED | 0.34% | no in-house ratios for this holding |
| S-Prism Co., Ltd. | UNSCREENED | 0.30% | no in-house ratios for this holding |
| SWEDISH KRONE | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 31 points of portfolio weight — 36.4% of it passes Dow Jones Islamic, 5.6% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 35.1% ratios fail on 37.4% 31.6% not rated under AAOIFI
ratios pass on 9.7% ratios fail on 62.7% 31.6% not rated under Usmani
ratios pass on 36.4% ratios fail on 36.0% 31.6% not rated under Dow Jones Islamic
ratios pass on 36.4% ratios fail on 36.0% 31.6% not rated under S&P Shariah
ratios pass on 5.6% ratios fail on 66.9% 31.6% not rated under MSCI Islamic
ratios pass on 36.4% ratios fail on 36.0% 31.6% not rated under MSCI Islamic M-Series
ratios pass on 20.5% ratios fail on 51.9% 31.6% not rated under FTSE Shariah
17 of 32 listed holdings carry our own per-methodology verdicts (89% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 9 (40% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BLDP.TO BALLARD POWER SYSTEMS INC. | 9.12% |
| FCEL FUELCELL ENERGY, INC. | 7.18% |
| ITM.L ITM POWER PLC | 6.69% |
| CWR.L CERES POWER HOLDINGS PLC | 5.65% |
| NEL.OL Nel ASA | 4.04% |
| 2582.HK Jiangsu Guofu Hydrogen Energy Equipment Co Ltd | 1.31% |
| JMT2.DU JOHNSON MATTHEY PLC | 1.17% |
| 7203.T TOYOTA MOTOR CORPORATION | 1.07% |
| HY HYSTER-YALE, INC. | 0.63% |
| 059090.KQ MiCo Ltd. | 0.51% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Global X Hydrogen ETF (HYDR) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for HYDR — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 38.10 | NEUTRAL |
| Stochastic %K (14) | 10.51 | BUY |
| CCI (20) | -203.81 | BUY |
| Williams %R (14) | -89.49 | BUY |
| MACD (12,26,9) | -0.42 | SELL |
| ROC (10) | -7.36 | SELL |
| Momentum (10) | -3.23 | SELL |
| EMA (10) | 42.66 | SELL |
| SMA (10) | 43.22 | SELL |
| EMA (20) | 43.31 | SELL |
| SMA (20) | 43.82 | SELL |
| EMA (30) | 43.61 | SELL |
| SMA (30) | 43.85 | SELL |
| EMA (50) | 44.28 | SELL |
| SMA (50) | 43.85 | SELL |
| EMA (100) | 45.47 | SELL |
| SMA (100) | 48.12 | SELL |
| EMA (200) | 43.80 | SELL |
| SMA (200) | 45.34 | SELL |
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of hydrogen technology. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| 🕐 1H | BEARISH | 44 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | RANGING | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.