HDGB.L vs. DPGT.L

Last updated Jul 18, 2026

HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) and DPGT.L (Dimensional Global Targeted Value UCITS ETF USD Acc) are both exchange-traded funds - HDGB.L is a Hydrogen Economy fund tracking the MVIS Global Hydrogen Economy ESG Index, while DPGT.L is a Global Equities fund actively managed by Dimensional. HDGB.L is passively managed, while DPGT.L is actively managed. At a 0.31 correlation, their price movements are largely independent. HDGB.L charges 0.55%/yr vs 0.44%/yr for DPGT.L.

Performance

HDGB.L vs. DPGT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) and Dimensional Global Targeted Value UCITS ETF USD Acc (DPGT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDGB.L achieves a 32.72% return, which is significantly higher than DPGT.L's 11.83% return.

HDGB.L

• 1D: -1.51%
• 1M: -13.74%
• 6M: 14.76%
• YTD: 32.72%
• 1Y: 55.48%
• 3Y*: -8.38%
• 5Y*: -12.94%
• 10Y*: —

DPGT.L

• 1D: 0.00%
• 1M: 0.70%
• 6M: 7.71%
• YTD: 11.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HDGB.L vs. DPGT.L - Yearly Performance Comparison

	2026 (YTD)	2025
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc)	32.72%	-6.46%
DPGT.L Dimensional Global Targeted Value UCITS ETF USD Acc	11.83%	4.38%

Correlation

The correlation between HDGB.L and DPGT.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.31

Return for Risk

HDGB.L vs. DPGT.L — Risk / Return Rank

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

HDGB.L

HDGB.L Risk / Return Rank: 49
HDGB.L Sharpe Ratio Rank: 55
HDGB.L Sortino Ratio Rank: 57
HDGB.L Omega Ratio Rank: 50
HDGB.L Calmar Ratio Rank: 47
HDGB.L Martin Ratio Rank: 36

DPGT.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HDGB.L vs. DPGT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) and Dimensional Global Targeted Value UCITS ETF USD Acc (DPGT.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.

	HDGB.L	DPGT.L	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	2.08	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	4.15	—	—

Drawdowns

HDGB.L vs. DPGT.L - Drawdown Comparison

The maximum HDGB.L drawdown since its inception was -80.00%, which is greater than DPGT.L's maximum drawdown of -7.65%. Use the drawdown chart below to compare losses from any high point for HDGB.L and DPGT.L.

Drawdown Indicators

	HDGB.L	DPGT.L	Difference
Max Drawdown Largest peak-to-trough decline	-80.00%	-7.65%	-72.35%
Max Drawdown (1Y) Largest decline over 1 year	-30.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-63.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.00%	—	—
Current Drawdown Current decline from peak	-59.70%	-0.33%	-59.37%
Average Drawdown Average peak-to-trough decline	-51.61%	-1.45%	-50.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	—	—

Volatility

Volatility by Period

	HDGB.L	DPGT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.12%	10.81%	+28.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.53%	10.81%	+23.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.61%	10.81%	+23.80%

HDGB.L vs. DPGT.L - Expense Ratio Comparison

HDGB.L has a 0.55% expense ratio, which is higher than DPGT.L's 0.44% expense ratio.

Dividends

HDGB.L vs. DPGT.L - Dividend Comparison

Neither HDGB.L nor DPGT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HDGB.L and DPGT.L in my portfolio?

HDGB.L and DPGT.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDGB.L or DPGT.L?

On fees, DPGT.L is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDGB.L or DPGT.L?

DPGT.L is cheaper with a 0.44% expense ratio, compared with 0.55% for HDGB.L.

What is the main difference between HDGB.L and DPGT.L?

HDGB.L is categorized as Hydrogen Economy, while DPGT.L is Global Equities. They also come from different issuers: VanEck and Dimensional. Their fees differ too: 0.55% for HDGB.L and 0.44% for DPGT.L.