HDX1.DE vs. LGGE.DE

Last updated Jun 5, 2026

HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both exchange-traded funds - HDX1.DE is a Cryptocurrency fund tracking the Nasdaq Crypto Index, while LGGE.DE is a Europe Equities fund tracking the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, HDX1.DE returned 19.62%/yr vs 24.04%/yr for LGGE.DE. At a 0.22 correlation, their price movements are largely independent. HDX1.DE charges 1.00%/yr vs 0.25%/yr for LGGE.DE.

Performance

HDX1.DE vs. LGGE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDX1.DE achieves a -29.97% return, which is significantly lower than LGGE.DE's 11.27% return.

HDX1.DE

• 1D: -3.83%
• 1M: -21.06%
• YTD: -29.97%
• 6M: -32.20%
• 1Y: -41.17%
• 3Y*: 19.62%
• 5Y*: —
• 10Y*: —

LGGE.DE

• 1D: 0.15%
• 1M: -0.22%
• YTD: 11.27%
• 6M: 15.32%
• 1Y: 26.49%
• 3Y*: 24.04%
• 5Y*: —
• 10Y*: —

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

HDX1.DE vs. LGGE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR	-29.97%	-21.32%	108.60%	133.00%	-27.55%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	11.27%	38.29%	14.07%	17.18%	8.67%

Correlation

The correlation between HDX1.DE and LGGE.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.22

Return for Risk

HDX1.DE vs. LGGE.DE — Risk / Return Rank

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

HDX1.DE

HDX1.DE Risk / Return Rank: 2
HDX1.DE Sharpe Ratio Rank: 2
HDX1.DE Sortino Ratio Rank: 2
HDX1.DE Omega Ratio Rank: 2
HDX1.DE Calmar Ratio Rank: 2
HDX1.DE Martin Ratio Rank: 2

LGGE.DE

LGGE.DE Risk / Return Rank: 69
LGGE.DE Sharpe Ratio Rank: 67
LGGE.DE Sortino Ratio Rank: 65
LGGE.DE Omega Ratio Rank: 67
LGGE.DE Calmar Ratio Rank: 73
LGGE.DE Martin Ratio Rank: 71

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.

HDX1.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). 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.

	HDX1.DE	LGGE.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	2.19	-3.15
Sortino ratio: Return per unit of downside risk	-1.41	2.95	-4.36
Omega ratio: Gain probability vs. loss probability	0.85	1.40	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.79	3.61	-4.39
Martin ratio: Return relative to average drawdown	-1.36	13.07	-14.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDX1.DE vs. LGGE.DE - Sharpe Ratio Comparison

The current HDX1.DE Sharpe Ratio is -0.96, which is lower than the LGGE.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of HDX1.DE and LGGE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDX1.DE	LGGE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	2.19	-3.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.13	-0.74

Drawdowns

HDX1.DE vs. LGGE.DE - Drawdown Comparison

The maximum HDX1.DE drawdown since its inception was -53.03%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and LGGE.DE.

Drawdown Indicators

	HDX1.DE	LGGE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-53.03%	-20.11%	-32.92%
Max Drawdown (1Y) Largest decline over 1 year	-53.03%	-7.28%	-45.75%
Max Drawdown (3Y) Largest decline over 3 years	-53.03%	-14.71%	-38.32%
Current Drawdown Current decline from peak	-53.03%	-2.09%	-50.94%
Average Drawdown Average peak-to-trough decline	-16.03%	-3.23%	-12.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.87%	2.01%	+28.86%

Volatility

HDX1.DE vs. LGGE.DE - Volatility Comparison

Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) has a higher volatility of 10.07% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 3.60%. This indicates that HDX1.DE's price experiences larger fluctuations and is considered to be riskier than LGGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDX1.DE	LGGE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.07%	3.60%	+6.47%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	9.47%	+23.39%
Volatility (1Y) Calculated over the trailing 1-year period	43.43%	11.99%	+31.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.02%	14.60%	+36.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.02%	14.60%	+36.42%

HDX1.DE vs. LGGE.DE - Expense Ratio Comparison

HDX1.DE has a 1.00% expense ratio, which is higher than LGGE.DE's 0.25% expense ratio.

Dividends

HDX1.DE vs. LGGE.DE - Dividend Comparison

HDX1.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.13%.

Position	TTM	2025	2024	2023	2022	2021
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.13%	3.47%	4.37%	4.43%	4.18%	1.52%

Frequently Asked Questions

Can I hold both HDX1.DE and LGGE.DE in my portfolio?

HDX1.DE and LGGE.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDX1.DE or LGGE.DE?

On fees, LGGE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HDX1.DE or LGGE.DE?

LGGE.DE is cheaper with a 0.25% expense ratio, compared with 1.00% for HDX1.DE.

What is the main difference between HDX1.DE and LGGE.DE?

HDX1.DE is categorized as Cryptocurrency, while LGGE.DE is Europe Equities. HDX1.DE tracks Nasdaq Crypto Index, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. They also come from different issuers: Hashdex and Legal & General. Their fees differ too: 1.00% for HDX1.DE and 0.25% for LGGE.DE.