HDGB.L vs. IWVG.L
HDGB.L (VanEck Hydrogen Economy UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - HDGB.L tracks the VanEck Hydrogen Economy UCITS ETF while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, HDGB.L returned -12.57%/yr vs 16.93%/yr for IWVG.L. A 0.53 correlation means they provide meaningful diversification when combined. HDGB.L charges 0.55%/yr vs 0.30%/yr for IWVG.L.
Performance
HDGB.L vs. IWVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, HDGB.L achieves a 35.57% return, which is significantly higher than IWVG.L's 28.47% return.
HDGB.L
- 1D
- -0.30%
- 1M
- -11.66%
- 6M
- 18.47%
- YTD
- 35.57%
- 1Y
- 59.95%
- 3Y*
- -6.65%
- 5Y*
- -12.57%
- 10Y*
- —
IWVG.L
- 1D
- -2.49%
- 1M
- -4.98%
- 6M
- 24.42%
- YTD
- 28.47%
- 1Y
- 54.93%
- 3Y*
- 25.26%
- 5Y*
- 16.93%
- 10Y*
- —
HDGB.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF | 35.57% | 10.07% | -28.93% | -27.71% | -31.76% | -20.01% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.47% | 31.27% | 6.58% | 13.08% | 1.04% | 7.63% |
Correlation
The correlation between HDGB.L and IWVG.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.53 |
The correlation between HDGB.L and IWVG.L has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
HDGB.L vs. IWVG.L — Risk / Return Rank
HDGB.L
IWVG.L
HDGB.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Hydrogen Economy UCITS ETF (HDGB.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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 | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.67 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 7.82 | -5.68 |
| Martin ratioReturn relative to average drawdown | 4.71 | 25.39 | -20.68 |
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Drawdowns
HDGB.L vs. IWVG.L - Drawdown Comparison
The maximum HDGB.L drawdown since its inception was -80.00%, which is greater than IWVG.L's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for HDGB.L and IWVG.L.
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Drawdown Indicators
| HDGB.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.00% | -28.07% | -51.93% |
Max Drawdown (1Y)Largest decline over 1 year | -29.04% | -6.99% | -22.05% |
Max Drawdown (3Y)Largest decline over 3 years | -63.35% | -13.92% | -49.43% |
Max Drawdown (5Y)Largest decline over 5 years | -80.00% | -13.92% | -66.08% |
Current DrawdownCurrent decline from peak | -58.84% | -6.26% | -52.58% |
Average DrawdownAverage peak-to-trough decline | -51.60% | -4.29% | -47.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 2.16% | +11.03% |
Volatility
HDGB.L vs. IWVG.L - Volatility Comparison
VanEck Hydrogen Economy UCITS ETF (HDGB.L) has a higher volatility of 10.35% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) at 6.15%. This indicates that HDGB.L's price experiences larger fluctuations and is considered to be riskier than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDGB.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 6.15% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 27.35% | 13.11% | +14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.10% | 14.94% | +24.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 13.44% | +21.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.61% | 15.68% | +18.93% |
HDGB.L vs. IWVG.L - Expense Ratio Comparison
HDGB.L has a 0.55% expense ratio, which is higher than IWVG.L's 0.30% expense ratio.
Dividends
HDGB.L vs. IWVG.L - Dividend Comparison
HDGB.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
Frequently Asked Questions
HDGB.L and IWVG.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVG.L is cheaper with a 0.30% expense ratio, compared with 0.55% for HDGB.L.
HDGB.L tracks VanEck Hydrogen Economy UCITS ETF, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for HDGB.L and 0.30% for IWVG.L.
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