CTEK.L vs. HTWO.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - CTEK.L tracks the Indxx Global CleanTech v2 Index while HTWO.L tracks the Solactive Hydrogen Economy Index NTR. Both are passively managed. Over the past 3 years, CTEK.L returned -7.53%/yr vs 12.22%/yr for HTWO.L. Their correlation of 0.86 suggests significant overlap in exposure. CTEK.L charges 0.50%/yr vs 0.49%/yr for HTWO.L.
Performance
CTEK.L vs. HTWO.L - Performance Comparison
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Returns By Period
In the year-to-date period, CTEK.L achieves a 6.99% return, which is significantly lower than HTWO.L's 25.90% return.
CTEK.L
- 1D
- -1.98%
- 1M
- -17.77%
- 6M
- -5.18%
- YTD
- 6.99%
- 1Y
- 39.87%
- 3Y*
- -7.53%
- 5Y*
- —
- 10Y*
- —
HTWO.L
- 1D
- 0.39%
- 1M
- -14.21%
- 6M
- 11.54%
- YTD
- 25.90%
- 1Y
- 53.68%
- 3Y*
- 12.22%
- 5Y*
- -1.03%
- 10Y*
- —
CTEK.L vs. HTWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 6.99% | 53.41% | -33.55% | -21.76% | -17.31% | -19.38% |
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc) | 25.90% | 40.50% | -8.00% | -3.49% | -37.13% | -12.47% |
Correlation
The correlation between CTEK.L and HTWO.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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.86 |
The correlation between CTEK.L and HTWO.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
CTEK.L vs. HTWO.L — Risk / Return Rank
CTEK.L
HTWO.L
CTEK.L vs. HTWO.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 L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.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 | HTWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.30 | -0.93 |
| Martin ratioReturn relative to average drawdown | 4.17 | 6.91 | -2.74 |
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Drawdowns
CTEK.L vs. HTWO.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, which is greater than HTWO.L's maximum drawdown of -68.35%. Use the drawdown chart below to compare losses from any high point for CTEK.L and HTWO.L.
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Drawdown Indicators
| CTEK.L | HTWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -68.35% | -5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -23.23% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | -32.23% | -31.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -43.11% | -33.88% | -9.23% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -48.83% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 7.74% | +1.80% |
Volatility
CTEK.L vs. HTWO.L - Volatility Comparison
Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a higher volatility of 13.53% compared to L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) at 10.56%. This indicates that CTEK.L's price experiences larger fluctuations and is considered to be riskier than HTWO.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 | HTWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 10.56% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 28.76% | 23.62% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.62% | 32.48% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.97% | 29.27% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 29.37% | +7.60% |
CTEK.L vs. HTWO.L - Expense Ratio Comparison
CTEK.L has a 0.50% expense ratio, which is higher than HTWO.L's 0.49% expense ratio.
Dividends
CTEK.L vs. HTWO.L - Dividend Comparison
Neither CTEK.L nor HTWO.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and HTWO.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, HTWO.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HTWO.L is cheaper with a 0.49% expense ratio, compared with 0.50% for CTEK.L.
CTEK.L tracks Indxx Global CleanTech v2 Index, while HTWO.L tracks Solactive Hydrogen Economy Index NTR. They also come from different issuers: Global X and L&G. Their fees differ too: 0.50% for CTEK.L and 0.49% for HTWO.L.
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