CESG.L vs. HYGN.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while HYGN.L is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen v2 Index. CESG.L is actively managed, while HYGN.L is passively managed. Over the past 3 years, CESG.L returned 9.84%/yr vs -3.55%/yr for HYGN.L. At a 0.37 correlation, their price movements are largely independent. CESG.L charges 0.75%/yr vs 0.50%/yr for HYGN.L.
Performance
CESG.L vs. HYGN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CESG.L achieves a 3.98% return, which is significantly lower than HYGN.L's 31.14% return.
CESG.L
- 1D
- 0.93%
- 1M
- 3.53%
- 6M
- 4.17%
- YTD
- 3.98%
- 1Y
- 6.69%
- 3Y*
- 9.84%
- 5Y*
- 5.53%
- 10Y*
- —
HYGN.L
- 1D
- -2.88%
- 1M
- -28.95%
- 6M
- 6.89%
- YTD
- 31.14%
- 1Y
- 75.72%
- 3Y*
- -3.55%
- 5Y*
- —
- 10Y*
- —
CESG.L vs. HYGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 3.98% | 11.47% | 9.71% | 12.32% | -9.16% |
HYGN.L Global X Hydrogen UCITS ETF USD (Acc) | 31.14% | 54.56% | -33.06% | -34.76% | -26.91% |
Correlation
The correlation between CESG.L and HYGN.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.37 |
Over the past year, the correlation between CESG.L and HYGN.L has dropped to 0.05 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
CESG.L vs. HYGN.L — Risk / Return Rank
CESG.L
HYGN.L
CESG.L vs. HYGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and Global X Hydrogen UCITS ETF USD (Acc) (HYGN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CESG.L | HYGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.62 | -0.86 |
| Martin ratioReturn relative to average drawdown | 1.95 | 4.54 | -2.58 |
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Drawdowns
CESG.L vs. HYGN.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum HYGN.L drawdown of -83.04%. Use the drawdown chart below to compare losses from any high point for CESG.L and HYGN.L.
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Drawdown Indicators
| CESG.L | HYGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -83.04% | +60.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -46.52% | +37.71% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -69.01% | +58.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -51.27% | +50.96% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -54.98% | +49.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 16.63% | -13.21% |
Volatility
CESG.L vs. HYGN.L - Volatility Comparison
The current volatility for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) is 3.47%, while Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a volatility of 19.00%. This indicates that CESG.L experiences smaller price fluctuations and is considered to be less risky than HYGN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | HYGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 19.00% | -15.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 41.23% | -33.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 57.09% | -47.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 51.78% | -39.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 51.78% | -39.25% |
CESG.L vs. HYGN.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than HYGN.L's 0.50% expense ratio.
Dividends
CESG.L vs. HYGN.L - Dividend Comparison
Neither CESG.L nor HYGN.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and HYGN.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGN.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGN.L is cheaper with a 0.50% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while HYGN.L is Alternative Energy Equities. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.75% for CESG.L and 0.50% for HYGN.L.
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