GLUG.L vs. HTWG.L

Last updated Jul 16, 2026

GLUG.L (L&G Clean Water UCITS ETF) and HTWG.L (L&G Hydrogen Economy UCITS ETF) are both exchange-traded funds - GLUG.L is a Global Equities fund tracking the L&G Clean Water UCITS ETF, while HTWG.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR. Both are passively managed. Over the past 5 years, GLUG.L returned 5.92%/yr vs -0.18%/yr for HTWG.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

GLUG.L vs. HTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Clean Water UCITS ETF (GLUG.L) and L&G Hydrogen Economy UCITS ETF (HTWG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLUG.L is traded in USD, while HTWG.L is traded in GBp. To make them comparable, the HTWG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLUG.L achieves a 4.52% return, which is significantly lower than HTWG.L's 31.05% return.

GLUG.L

• 1D: 0.52%
• 1M: 1.53%
• 6M: 0.90%
• YTD: 4.52%
• 1Y: 8.35%
• 3Y*: 10.79%
• 5Y*: 5.92%
• 10Y*: —

HTWG.L

• 1D: -1.46%
• 1M: -9.22%
• 6M: 18.72%
• YTD: 31.05%
• 1Y: 61.73%
• 3Y*: 14.62%
• 5Y*: -0.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLUG.L vs. HTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLUG.L L&G Clean Water UCITS ETF	4.52%	15.76%	4.02%	21.24%	-17.39%	18.94%
HTWG.L L&G Hydrogen Economy UCITS ETF	31.05%	40.54%	-8.27%	-3.67%	-37.07%	-31.56%

Correlation

The correlation between GLUG.L and HTWG.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021	0.67

The correlation between GLUG.L and HTWG.L shifts across timeframes, from 0.56 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GLUG.L vs. HTWG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLUG.L

GLUG.L Risk / Return Rank: 20
GLUG.L Sharpe Ratio Rank: 21
GLUG.L Sortino Ratio Rank: 20
GLUG.L Omega Ratio Rank: 19
GLUG.L Calmar Ratio Rank: 20
GLUG.L Martin Ratio Rank: 20

HTWG.L

HTWG.L Risk / Return Rank: 68
HTWG.L Sharpe Ratio Rank: 75
HTWG.L Sortino Ratio Rank: 69
HTWG.L Omega Ratio Rank: 65
HTWG.L Calmar Ratio Rank: 72
HTWG.L Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLUG.L vs. HTWG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (GLUG.L) and L&G Hydrogen Economy UCITS ETF (HTWG.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.

	GLUG.L	HTWG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.92	-1.34
Sortino ratio: Return per unit of downside risk	0.95	2.54	-1.59
Omega ratio: Gain probability vs. loss probability	1.11	1.31	-0.20
Calmar ratio: Return relative to maximum drawdown	0.74	2.96	-2.23
Martin ratio: Return relative to average drawdown	1.71	8.25	-6.55

GLUG.L vs. HTWG.L - Sharpe Ratio Comparison

The current GLUG.L Sharpe Ratio is 0.59, which is lower than the HTWG.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of GLUG.L and HTWG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLUG.L vs. HTWG.L - Drawdown Comparison

The maximum GLUG.L drawdown since its inception was -35.67%, smaller than the maximum HTWG.L drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for GLUG.L and HTWG.L.

Drawdown Indicators

	GLUG.L	HTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.67%	-67.81%	+32.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-20.72%	+8.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-32.66%	+16.05%
Max Drawdown (5Y) Largest decline over 5 years	-30.10%	-59.41%	+29.31%
Current Drawdown Current decline from peak	-6.46%	-29.91%	+23.45%
Average Drawdown Average peak-to-trough decline	-7.43%	-47.93%	+40.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	7.46%	-1.99%

Volatility

GLUG.L vs. HTWG.L - Volatility Comparison

The current volatility for L&G Clean Water UCITS ETF (GLUG.L) is 4.58%, while L&G Hydrogen Economy UCITS ETF (HTWG.L) has a volatility of 11.15%. This indicates that GLUG.L experiences smaller price fluctuations and is considered to be less risky than HTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLUG.L	HTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	11.15%	-6.57%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	22.82%	-9.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	31.93%	-16.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	29.04%	-11.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	29.09%	-9.71%

GLUG.L vs. HTWG.L - Expense Ratio Comparison

Both GLUG.L and HTWG.L have an expense ratio of 0.49%.

Dividends

GLUG.L vs. HTWG.L - Dividend Comparison

Neither GLUG.L nor HTWG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLUG.L and HTWG.L in my portfolio?

GLUG.L and HTWG.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLUG.L or HTWG.L?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLUG.L or HTWG.L?

GLUG.L and HTWG.L have the same expense ratio: 0.49% per year.

What is the main difference between GLUG.L and HTWG.L?

GLUG.L is categorized as Global Equities, while HTWG.L is Alternative Energy Equities. GLUG.L tracks L&G Clean Water UCITS ETF, while HTWG.L tracks Solactive Hydrogen Economy Index NTR.