HDGB.L vs. MWOZ.L
HDGB.L (VanEck Hydrogen Economy UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - HDGB.L tracks the VanEck Hydrogen Economy UCITS ETF while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, HDGB.L returned 59.95% vs 22.33% for MWOZ.L. A 0.57 correlation means they provide meaningful diversification when combined. HDGB.L charges 0.55%/yr vs 0.05%/yr for MWOZ.L.
Performance
HDGB.L vs. MWOZ.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 MWOZ.L's 10.79% 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*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.49%
- YTD
- 10.79%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDGB.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF | 35.57% | 15.22% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.79% | 8.44% |
Correlation
The correlation between HDGB.L and MWOZ.L is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.57 |
The correlation between HDGB.L and MWOZ.L has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.
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Return for Risk
HDGB.L vs. MWOZ.L — Risk / Return Rank
HDGB.L
MWOZ.L
HDGB.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Hydrogen Economy UCITS ETF (HDGB.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.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 | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.38 | -1.25 |
| Martin ratioReturn relative to average drawdown | 4.71 | 13.30 | -8.60 |
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Drawdowns
HDGB.L vs. MWOZ.L - Drawdown Comparison
The maximum HDGB.L drawdown since its inception was -80.00%, which is greater than MWOZ.L's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for HDGB.L and MWOZ.L.
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Drawdown Indicators
| HDGB.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.00% | -18.50% | -61.50% |
Max Drawdown (1Y)Largest decline over 1 year | -29.04% | -6.63% | -22.41% |
Max Drawdown (3Y)Largest decline over 3 years | -63.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -80.00% | — | — |
Current DrawdownCurrent decline from peak | -58.84% | -0.44% | -58.40% |
Average DrawdownAverage peak-to-trough decline | -51.60% | -2.99% | -48.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 1.68% | +11.51% |
Volatility
HDGB.L vs. MWOZ.L - Volatility Comparison
VanEck Hydrogen Economy UCITS ETF (HDGB.L) has a higher volatility of 10.35% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.77%. This indicates that HDGB.L's price experiences larger fluctuations and is considered to be riskier than MWOZ.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 | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 2.77% | +7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 27.35% | 8.05% | +19.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.10% | 10.88% | +28.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 13.82% | +20.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.61% | 13.82% | +20.79% |
HDGB.L vs. MWOZ.L - Expense Ratio Comparison
HDGB.L has a 0.55% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
HDGB.L vs. MWOZ.L - Dividend Comparison
HDGB.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 |
|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
Frequently Asked Questions
HDGB.L and MWOZ.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.55% for HDGB.L.
HDGB.L tracks VanEck Hydrogen Economy UCITS ETF, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.55% for HDGB.L and 0.05% for MWOZ.L.
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