HDRO.L vs. SMGB.L
Compare and contrast key facts about VanEck Hydrogen Economy UCITS ETF (HDRO.L) and VanEck Semiconductor UCITS ETF (SMGB.L).
HDRO.L and SMGB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDRO.L is a passively managed fund by VanEck that tracks the performance of the MVIS Global Hydrogen Economy ESG Index. It was launched on Mar 26, 2021. SMGB.L is a passively managed fund by VanEck that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 1, 2020. Both HDRO.L and SMGB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HDRO.L vs. SMGB.L - Performance Comparison
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HDRO.L vs. SMGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HDRO.L VanEck Hydrogen Economy UCITS ETF | 14.51% | 17.70% | -29.88% | -23.67% | -38.95% | -21.57% |
SMGB.L VanEck Semiconductor UCITS ETF | 9.97% | 49.26% | 24.20% | 74.93% | -35.24% | 25.63% |
Different Trading Currencies
HDRO.L is traded in USD, while SMGB.L is traded in GBP. To make them comparable, the SMGB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDRO.L achieves a 14.51% return, which is significantly higher than SMGB.L's 9.97% return.
HDRO.L
- 1D
- 3.72%
- 1M
- -2.25%
- YTD
- 14.51%
- 6M
- 0.15%
- 1Y
- 62.24%
- 3Y*
- -11.00%
- 5Y*
- —
- 10Y*
- —
SMGB.L
- 1D
- -1.04%
- 1M
- -0.42%
- YTD
- 9.97%
- 6M
- 20.29%
- 1Y
- 86.79%
- 3Y*
- 40.28%
- 5Y*
- 23.74%
- 10Y*
- —
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HDRO.L vs. SMGB.L - Expense Ratio Comparison
HDRO.L has a 0.55% expense ratio, which is higher than SMGB.L's 0.35% expense ratio.
Return for Risk
HDRO.L vs. SMGB.L — Risk / Return Rank
HDRO.L
SMGB.L
HDRO.L vs. SMGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Hydrogen Economy UCITS ETF (HDRO.L) and VanEck Semiconductor UCITS ETF (SMGB.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.
| HDRO.L | SMGB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 2.61 | -0.80 |
Sortino ratioReturn per unit of downside risk | 2.44 | 3.18 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 7.16 | -4.66 |
Martin ratioReturn relative to average drawdown | 5.91 | 27.00 | -21.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDRO.L | SMGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.61 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.83 | -1.33 |
Correlation
The correlation between HDRO.L and SMGB.L is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HDRO.L vs. SMGB.L - Dividend Comparison
Neither HDRO.L nor SMGB.L has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDRO.L VanEck Hydrogen Economy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMGB.L VanEck Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.44% |
Drawdowns
HDRO.L vs. SMGB.L - Drawdown Comparison
The maximum HDRO.L drawdown since its inception was -81.30%, which is greater than SMGB.L's maximum drawdown of -45.71%. Use the drawdown chart below to compare losses from any high point for HDRO.L and SMGB.L.
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Drawdown Indicators
| HDRO.L | SMGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -36.24% | -45.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.66% | -11.94% | -12.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.24% | — |
Current DrawdownCurrent decline from peak | -65.72% | -6.32% | -59.40% |
Average DrawdownAverage peak-to-trough decline | -54.07% | -10.02% | -44.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.45% | 3.45% | +7.00% |
Volatility
HDRO.L vs. SMGB.L - Volatility Comparison
The current volatility for VanEck Hydrogen Economy UCITS ETF (HDRO.L) is 8.71%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 10.58%. This indicates that HDRO.L experiences smaller price fluctuations and is considered to be less risky than SMGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDRO.L | SMGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 10.58% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 25.75% | 23.61% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.22% | 33.12% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.02% | 31.52% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.02% | 31.41% | +6.61% |