CTEK.L vs. HDRO.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and HDRO.L (VanEck Hydrogen Economy UCITS ETF) are both Alternative Energy Equities funds - CTEK.L tracks the Indxx Global CleanTech v2 Index while HDRO.L tracks the MVIS Global Hydrogen Economy ESG Index. Both are passively managed. Over the past 3 years, CTEK.L returned -5.57%/yr vs -5.30%/yr for HDRO.L. Their correlation of 0.85 suggests significant overlap in exposure. CTEK.L charges 0.50%/yr vs 0.55%/yr for HDRO.L.
Performance
CTEK.L vs. HDRO.L - Performance Comparison
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Returns By Period
In the year-to-date period, CTEK.L achieves a 11.69% return, which is significantly lower than HDRO.L's 37.58% return.
CTEK.L
- 1D
- -0.57%
- 1M
- -13.91%
- 6M
- 0.34%
- YTD
- 11.69%
- 1Y
- 48.73%
- 3Y*
- -5.57%
- 5Y*
- —
- 10Y*
- —
HDRO.L
- 1D
- -1.73%
- 1M
- -10.98%
- 6M
- 19.95%
- YTD
- 37.58%
- 1Y
- 62.43%
- 3Y*
- -5.30%
- 5Y*
- -12.79%
- 10Y*
- —
CTEK.L vs. HDRO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 11.69% | 53.41% | -33.55% | -21.76% | -17.31% | -19.38% |
HDRO.L VanEck Hydrogen Economy UCITS ETF | 37.58% | 17.65% | -29.87% | -23.69% | -38.95% | -19.74% |
Correlation
The correlation between CTEK.L and HDRO.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.85 |
The correlation between CTEK.L and HDRO.L has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
CTEK.L vs. HDRO.L — Risk / Return Rank
CTEK.L
HDRO.L
CTEK.L vs. HDRO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) and VanEck Hydrogen Economy UCITS ETF (HDRO.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.
| CTEK.L | HDRO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.22 | -0.30 |
| Martin ratioReturn relative to average drawdown | 5.45 | 4.77 | +0.68 |
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Drawdowns
CTEK.L vs. HDRO.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, smaller than the maximum HDRO.L drawdown of -81.32%. Use the drawdown chart below to compare losses from any high point for CTEK.L and HDRO.L.
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Drawdown Indicators
| CTEK.L | HDRO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -81.32% | +7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -26.44% | -27.99% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | -63.41% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.02% | — |
Current DrawdownCurrent decline from peak | -40.61% | -58.83% | +18.22% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -53.86% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 13.06% | -3.72% |
Volatility
CTEK.L vs. HDRO.L - Volatility Comparison
Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a higher volatility of 13.41% compared to VanEck Hydrogen Economy UCITS ETF (HDRO.L) at 9.96%. This indicates that CTEK.L's price experiences larger fluctuations and is considered to be riskier than HDRO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTEK.L | HDRO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 9.96% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 28.55% | 27.65% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.49% | 39.51% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.95% | 38.69% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 38.56% | -1.61% |
CTEK.L vs. HDRO.L - Expense Ratio Comparison
CTEK.L has a 0.50% expense ratio, which is lower than HDRO.L's 0.55% expense ratio.
Dividends
CTEK.L vs. HDRO.L - Dividend Comparison
Neither CTEK.L nor HDRO.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and HDRO.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTEK.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEK.L is cheaper with a 0.50% expense ratio, compared with 0.55% for HDRO.L.
CTEK.L tracks Indxx Global CleanTech v2 Index, while HDRO.L tracks MVIS Global Hydrogen Economy ESG Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.50% for CTEK.L and 0.55% for HDRO.L.
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