CUS1.L vs. HYGN.L
CUS1.L (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) and HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) are both exchange-traded funds - CUS1.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while HYGN.L is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen v2 Index. Both are passively managed. Over the past 3 years, CUS1.L returned 12.34%/yr vs -4.56%/yr for HYGN.L. A 0.57 correlation means they provide meaningful diversification when combined. CUS1.L charges 0.43%/yr vs 0.50%/yr for HYGN.L.
Performance
CUS1.L vs. HYGN.L - Performance Comparison
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Different Trading Currencies
CUS1.L is traded in GBp, while HYGN.L is traded in USD. To make them comparable, the HYGN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CUS1.L achieves a 15.91% return, which is significantly lower than HYGN.L's 31.33% return.
CUS1.L
- 1D
- -0.89%
- 1M
- -2.07%
- 6M
- 8.84%
- YTD
- 15.91%
- 1Y
- 27.51%
- 3Y*
- 12.34%
- 5Y*
- 7.91%
- 10Y*
- 10.47%
HYGN.L
- 1D
- -2.72%
- 1M
- -29.82%
- 6M
- 6.28%
- YTD
- 31.33%
- 1Y
- 75.24%
- 3Y*
- -4.56%
- 5Y*
- —
- 10Y*
- —
CUS1.L vs. HYGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CUS1.L iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 15.91% | 2.68% | 11.54% | 11.30% | 2.89% |
HYGN.L Global X Hydrogen UCITS ETF USD (Acc) | 31.33% | 43.55% | -31.89% | -38.02% | -18.21% |
Correlation
The correlation between CUS1.L and HYGN.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.57 |
The correlation between CUS1.L and HYGN.L has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
CUS1.L vs. HYGN.L — Risk / Return Rank
CUS1.L
HYGN.L
CUS1.L vs. HYGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (CUS1.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.
| CUS1.L | HYGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 1.61 | +2.65 |
| Martin ratioReturn relative to average drawdown | 12.37 | 4.40 | +7.97 |
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Drawdowns
CUS1.L vs. HYGN.L - Drawdown Comparison
The maximum CUS1.L drawdown since its inception was -35.26%, smaller than the maximum HYGN.L drawdown of -82.71%. Use the drawdown chart below to compare losses from any high point for CUS1.L and HYGN.L.
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Drawdown Indicators
| CUS1.L | HYGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.26% | -82.71% | +47.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -46.56% | +40.12% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -68.73% | +39.84% |
Max Drawdown (5Y)Largest decline over 5 years | -28.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | — | — |
Current DrawdownCurrent decline from peak | -5.18% | -52.64% | +47.46% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -53.55% | +47.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 17.04% | -14.82% |
Volatility
CUS1.L vs. HYGN.L - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (CUS1.L) is 4.96%, while Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a volatility of 18.59%. This indicates that CUS1.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
| CUS1.L | HYGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 18.59% | -13.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 40.53% | -29.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 56.37% | -41.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.86% | 49.93% | -27.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 49.93% | -28.43% |
CUS1.L vs. HYGN.L - Expense Ratio Comparison
CUS1.L has a 0.43% expense ratio, which is lower than HYGN.L's 0.50% expense ratio.
Dividends
CUS1.L vs. HYGN.L - Dividend Comparison
Neither CUS1.L nor HYGN.L has paid dividends to shareholders.
Frequently Asked Questions
CUS1.L and HYGN.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CUS1.L is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CUS1.L is cheaper with a 0.43% expense ratio, compared with 0.50% for HYGN.L.
CUS1.L is categorized as Small Cap Blend Equities, while HYGN.L is Alternative Energy Equities. CUS1.L tracks Russell 2000 TR USD, while HYGN.L tracks Solactive Global Hydrogen v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.43% for CUS1.L and 0.50% for HYGN.L.
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