BlueStar® Hydrogen and NextGen Fuel Cell Index

The BlueStar® Hydrogen and NextGen Fuel Cell Index (BHDRO) tracks the performance of the largest and the most liquid companies in the global hydrogen and fuel cell industries. This is a modified market cap-weighted index, and includes companies that generate a primary source of their revenue or potential revenue from hydrogen production and fuel cells. BHDRO covers at least 95% of the investable universe.

Country and Sector Weightings

MVIS Sector Indices are pure-play sector indices. Companies must generate at least 50% of their revenues in the target sector to be eligible for index inclusion. Country and Sector weightings are based on the weightings of all index components in a certain country or sector.

CountryComponentsWeight
Canada2 9.00%
United States4 29.97%
Denmark1 0.68%
France2 7.93%
Germany1 4.26%
Ireland1 3.55%
Norway2 7.53%
Sweden2 7.69%
United Kingdom4 13.13%
Israel1 0.39%
South Korea4 15.88%
Total24 100.00%
SectorComponentsWeight
Energy1 0.68%
Materials3 11.23%
Industrials18 80.99%
Consumer Discretionary 1 3.97%
Consumer Staples1 3.13%
Total24 100.00%

Size Weightings

  • Large-Cap: companies with a market capitalisation above 6,000 mln USD
  • Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln USD
  • Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln USD
  • Micro-Cap: companies with a market capitalisation up to 200 mln USD
SizeMarket CapComponentsWeight
Large-Cap308,044,134,000 USD4 22.64%
Mid-Cap17,448,894,000 USD7 39.84%
Small-Cap4,294,135,300 USD7 24.30%
Micro-Cap711,590,628 USD6 13.22%
Total330,498,753,928 USD24 100.00%
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