HDGB.L vs. WOOD.L
HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) and WOOD.L (iShares Global Timber & Forestry UCITS ETF USD (Dist)) are both exchange-traded funds - HDGB.L is a Hydrogen Economy fund tracking the MVIS Global Hydrogen Economy ESG Index, while WOOD.L is a Global Equities fund tracking the S&P Global Timber & Forestry Index (Net). Both are passively managed. Over the past 5 years, HDGB.L returned -12.94%/yr vs -2.69%/yr for WOOD.L. At a 0.43 correlation, their price movements are largely independent. HDGB.L charges 0.55%/yr vs 0.65%/yr for WOOD.L.
Performance
HDGB.L vs. WOOD.L - Performance Comparison
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Different Trading Currencies
HDGB.L is traded in GBP, while WOOD.L is traded in GBp. To make them comparable, the WOOD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDGB.L achieves a 32.72% return, which is significantly higher than WOOD.L's -4.05% 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*
- —
WOOD.L
- 1D
- -0.16%
- 1M
- 0.57%
- 6M
- -9.86%
- YTD
- -4.05%
- 1Y
- -4.89%
- 3Y*
- -2.36%
- 5Y*
- -2.69%
- 10Y*
- 4.62%
HDGB.L vs. WOOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 32.72% | 10.07% | -28.93% | -27.71% | -31.76% | -20.01% |
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist) | -4.05% | -9.97% | -3.72% | 7.19% | -8.92% | 9.62% |
Correlation
The correlation between HDGB.L and WOOD.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.43 |
The correlation between HDGB.L and WOOD.L shifts across timeframes, from 0.24 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HDGB.L vs. WOOD.L — Risk / Return Rank
HDGB.L
WOOD.L
HDGB.L vs. WOOD.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 iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.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 | WOOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.97 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.24 | +2.04 |
| Martin ratioReturn relative to average drawdown | 4.15 | -0.47 | +4.62 |
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Drawdowns
HDGB.L vs. WOOD.L - Drawdown Comparison
The maximum HDGB.L drawdown since its inception was -80.00%, which is greater than WOOD.L's maximum drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for HDGB.L and WOOD.L.
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Drawdown Indicators
| HDGB.L | WOOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.00% | -76.03% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -30.53% | -20.56% | -9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -63.35% | -25.68% | -37.67% |
Max Drawdown (5Y)Largest decline over 5 years | -80.00% | -29.40% | -50.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.38% | — |
Current DrawdownCurrent decline from peak | -59.70% | -24.38% | -35.32% |
Average DrawdownAverage peak-to-trough decline | -51.61% | -28.49% | -23.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.34% | 10.30% | +3.04% |
Volatility
HDGB.L vs. WOOD.L - Volatility Comparison
VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a higher volatility of 10.38% compared to iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) at 5.39%. This indicates that HDGB.L's price experiences larger fluctuations and is considered to be riskier than WOOD.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 | WOOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 5.39% | +4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 27.41% | 14.07% | +13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.12% | 17.16% | +21.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.53% | 16.70% | +17.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.61% | 18.19% | +16.42% |
HDGB.L vs. WOOD.L - Expense Ratio Comparison
HDGB.L has a 0.55% expense ratio, which is lower than WOOD.L's 0.65% expense ratio.
Dividends
HDGB.L vs. WOOD.L - Dividend Comparison
HDGB.L has not paid dividends to shareholders, while WOOD.L's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist) | 2.82% | 3.27% | 2.47% | 2.76% | 2.98% | 1.40% | 1.25% | 2.67% | 0.00% | 0.91% | 1.81% | 1.86% |
Frequently Asked Questions
HDGB.L and WOOD.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDGB.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDGB.L is cheaper with a 0.55% expense ratio, compared with 0.65% for WOOD.L.
HDGB.L is categorized as Hydrogen Economy, while WOOD.L is Global Equities. HDGB.L tracks MVIS Global Hydrogen Economy ESG Index, while WOOD.L tracks S&P Global Timber & Forestry Index (Net). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for HDGB.L and 0.65% for WOOD.L.
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