CTEK.L vs. HYGN.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) are both Alternative Energy Equities funds from Global X - CTEK.L tracks the Indxx Global CleanTech v2 Index while HYGN.L tracks the Solactive Global Hydrogen v2 Index. Both are passively managed. Over the past 3 years, CTEK.L returned -7.53%/yr vs -3.55%/yr for HYGN.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
CTEK.L vs. HYGN.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 HYGN.L's 31.14% return.
CTEK.L
- 1D
- -1.98%
- 1M
- -17.77%
- 6M
- -5.18%
- YTD
- 6.99%
- 1Y
- 39.87%
- 3Y*
- -7.53%
- 5Y*
- —
- 10Y*
- —
HYGN.L
- 1D
- -2.88%
- 1M
- -28.95%
- 6M
- 6.89%
- YTD
- 31.14%
- 1Y
- 75.72%
- 3Y*
- -3.55%
- 5Y*
- —
- 10Y*
- —
CTEK.L vs. HYGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 6.99% | 53.41% | -33.55% | -21.76% | 2.28% |
HYGN.L Global X Hydrogen UCITS ETF USD (Acc) | 31.14% | 54.56% | -33.06% | -34.76% | -26.91% |
Correlation
The correlation between CTEK.L and HYGN.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.85 |
The correlation between CTEK.L and HYGN.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
CTEK.L vs. HYGN.L — Risk / Return Rank
CTEK.L
HYGN.L
CTEK.L vs. HYGN.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 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.
| CTEK.L | HYGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.62 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.17 | 4.54 | -0.37 |
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Drawdowns
CTEK.L vs. HYGN.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, smaller than the maximum HYGN.L drawdown of -83.04%. Use the drawdown chart below to compare losses from any high point for CTEK.L and HYGN.L.
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Drawdown Indicators
| CTEK.L | HYGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -83.04% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -46.52% | +17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | -69.01% | +5.28% |
Current DrawdownCurrent decline from peak | -43.11% | -51.27% | +8.16% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -54.98% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 16.63% | -7.09% |
Volatility
CTEK.L vs. HYGN.L - Volatility Comparison
The current volatility for Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) is 13.53%, while Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a volatility of 19.00%. This indicates that CTEK.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
| CTEK.L | HYGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 19.00% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 28.76% | 41.23% | -12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.62% | 57.09% | -18.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.97% | 51.78% | -14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 51.78% | -14.81% |
CTEK.L vs. HYGN.L - Expense Ratio Comparison
Both CTEK.L and HYGN.L have an expense ratio of 0.50%.
Dividends
CTEK.L vs. HYGN.L - Dividend Comparison
Neither CTEK.L nor HYGN.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and HYGN.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CTEK.L and HYGN.L have the same expense ratio: 0.50% per year.
CTEK.L tracks Indxx Global CleanTech v2 Index, while HYGN.L tracks Solactive Global Hydrogen v2 Index.
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