BATG.L vs. HIWO.L

Last updated Jun 5, 2026

BATG.L (L&G Battery Value-Chain UCITS ETF) and HIWO.L (HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating) are both exchange-traded funds - BATG.L is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index, while HIWO.L is a Global Equities fund tracking the MSCI World Islamic Universal Screened Select Index. Both are passively managed. Over the past 3 years, BATG.L returned 24.89%/yr vs 17.18%/yr for HIWO.L. A 0.64 correlation means they provide meaningful diversification when combined. BATG.L charges 0.49%/yr vs 0.30%/yr for HIWO.L.

Performance

BATG.L vs. HIWO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Battery Value-Chain UCITS ETF (BATG.L) and HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BATG.L is traded in GBp, while HIWO.L is traded in USD. To make them comparable, the HIWO.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BATG.L achieves a 34.23% return, which is significantly higher than HIWO.L's 21.76% return.

BATG.L

• 1D: -2.48%
• 1M: -0.93%
• YTD: 34.23%
• 6M: 39.36%
• 1Y: 129.36%
• 3Y*: 24.89%
• 5Y*: 17.37%
• 10Y*: —

HIWO.L

• 1D: -0.40%
• 1M: 11.43%
• YTD: 21.76%
• 6M: 21.17%
• 1Y: 40.55%
• 3Y*: 17.18%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BATG.L vs. HIWO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BATG.L L&G Battery Value-Chain UCITS ETF	34.23%	60.42%	0.47%	2.83%	-7.63%
HIWO.L HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating	21.76%	12.26%	8.25%	19.80%	-3.42%

Correlation

The correlation between BATG.L and HIWO.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022	0.64

The correlation between BATG.L and HIWO.L has been stable across timeframes, ranging from 0.64 to 0.64 - a consistent structural relationship.

Return for Risk

BATG.L vs. HIWO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BATG.L

BATG.L Risk / Return Rank: 95
BATG.L Sharpe Ratio Rank: 97
BATG.L Sortino Ratio Rank: 94
BATG.L Omega Ratio Rank: 94
BATG.L Calmar Ratio Rank: 96
BATG.L Martin Ratio Rank: 95

HIWO.L

HIWO.L Risk / Return Rank: 80
HIWO.L Sharpe Ratio Rank: 79
HIWO.L Sortino Ratio Rank: 80
HIWO.L Omega Ratio Rank: 75
HIWO.L Calmar Ratio Rank: 83
HIWO.L Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BATG.L vs. HIWO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Battery Value-Chain UCITS ETF (BATG.L) and HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BATG.L	HIWO.L	Difference
Sharpe ratio: Return per unit of total volatility	4.61	2.74	+1.87
Sortino ratio: Return per unit of downside risk	4.96	3.68	+1.28
Omega ratio: Gain probability vs. loss probability	1.66	1.49	+0.17
Calmar ratio: Return relative to maximum drawdown	9.45	5.90	+3.55
Martin ratio: Return relative to average drawdown	32.41	19.02	+13.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATG.L vs. HIWO.L - Sharpe Ratio Comparison

The current BATG.L Sharpe Ratio is 4.61, which is higher than the HIWO.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of BATG.L and HIWO.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BATG.L	HIWO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.61	2.74	+1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.72	+0.08

Drawdowns

BATG.L vs. HIWO.L - Drawdown Comparison

The maximum BATG.L drawdown since its inception was -33.37%, which is greater than HIWO.L's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for BATG.L and HIWO.L.

Drawdown Indicators

	BATG.L	HIWO.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-22.42%	-10.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	-6.84%	-6.77%
Max Drawdown (3Y) Largest decline over 3 years	-33.37%	-22.42%	-10.95%
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	—	—
Current Drawdown Current decline from peak	-4.18%	-0.40%	-3.78%
Average Drawdown Average peak-to-trough decline	-8.99%	-2.91%	-6.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	2.13%	+1.85%

Volatility

BATG.L vs. HIWO.L - Volatility Comparison

L&G Battery Value-Chain UCITS ETF (BATG.L) has a higher volatility of 10.12% compared to HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.L) at 5.78%. This indicates that BATG.L's price experiences larger fluctuations and is considered to be riskier than HIWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATG.L	HIWO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.12%	5.78%	+4.34%
Volatility (6M) Calculated over the trailing 6-month period	22.09%	12.09%	+10.00%
Volatility (1Y) Calculated over the trailing 1-year period	27.90%	14.74%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	23.04%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	23.04%	-0.18%

BATG.L vs. HIWO.L - Expense Ratio Comparison

BATG.L has a 0.49% expense ratio, which is higher than HIWO.L's 0.30% expense ratio.

Dividends

BATG.L vs. HIWO.L - Dividend Comparison

Neither BATG.L nor HIWO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BATG.L and HIWO.L in my portfolio?

BATG.L and HIWO.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATG.L or HIWO.L?

On fees, HIWO.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATG.L or HIWO.L?

HIWO.L is cheaper with a 0.30% expense ratio, compared with 0.49% for BATG.L.

What is the main difference between BATG.L and HIWO.L?

BATG.L is categorized as Alternative Energy Equities, while HIWO.L is Global Equities. BATG.L tracks Solactive Battery Value-Chain Index, while HIWO.L tracks MSCI World Islamic Universal Screened Select Index. They also come from different issuers: Legal & General Investment Management and HSBC. Their fees differ too: 0.49% for BATG.L and 0.30% for HIWO.L.