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.
| Country | Components | Weight |
| Canada | 2 | 9.00% |
| United States | 4 | 29.97% |
| Denmark | 1 | 0.68% |
| France | 2 | 7.93% |
| Germany | 1 | 4.26% |
| Ireland | 1 | 3.55% |
| Norway | 2 | 7.53% |
| Sweden | 2 | 7.69% |
| United Kingdom | 4 | 13.13% |
| Israel | 1 | 0.39% |
| South Korea | 4 | 15.88% |
| Total | 24 | 100.00% |
| Sector | Components | Weight |
| Energy | 1 | 0.68% |
| Materials | 3 | 11.23% |
| Industrials | 18 | 80.99% |
| Consumer Discretionary | 1 | 3.97% |
| Consumer Staples | 1 | 3.13% |
| Total | 24 | 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
| Size | Market Cap | Components | Weight |
| Large-Cap | 308,044,134,000 USD | 4 | 22.64% |
| Mid-Cap | 17,448,894,000 USD | 7 | 39.84% |
| Small-Cap | 4,294,135,300 USD | 7 | 24.30% |
| Micro-Cap | 711,590,628 USD | 6 | 13.22% |
| Total | 330,498,753,928 USD | 24 | 100.00% |
