HTMW.DE vs. HYDR

Last updated Jun 4, 2026

HTMW.DE (Legal & General Hydrogen Economy UCITS ETF) and HYDR (Global X Hydrogen ETF) are both Alternative Energy Equities funds - HTMW.DE tracks the Solactive Hydrogen Economy Index NTR while HYDR tracks the Solactive Global Hydrogen Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, HTMW.DE returned 20.70%/yr vs 12.50%/yr for HYDR. A 0.71 correlation means they provide meaningful diversification when combined. HTMW.DE charges 0.49%/yr vs 0.50%/yr for HYDR.

Performance

HTMW.DE vs. HYDR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Legal & General Hydrogen Economy UCITS ETF (HTMW.DE) and Global X Hydrogen ETF (HYDR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HTMW.DE is traded in EUR, while HYDR is traded in USD. To make them comparable, the HYDR values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, HTMW.DE achieves a 56.79% return, which is significantly lower than HYDR's 112.66% return.

HTMW.DE

• 1D: -2.26%
• 1M: 9.05%
• YTD: 56.79%
• 6M: 53.10%
• 1Y: 109.73%
• 3Y*: 20.70%
• 5Y*: 2.54%
• 10Y*: —

HYDR

• 1D: -4.53%
• 1M: 14.42%
• YTD: 112.66%
• 6M: 87.58%
• 1Y: 249.61%
• 3Y*: 12.50%
• 5Y*: —
• 10Y*: —

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

HTMW.DE vs. HYDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HTMW.DE Legal & General Hydrogen Economy UCITS ETF	56.79%	25.34%	-2.43%	-6.52%	-32.92%	-3.09%
HYDR Global X Hydrogen ETF	112.66%	26.68%	-28.67%	-38.39%	-43.97%	-10.30%

Correlation

The correlation between HTMW.DE and HYDR is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.71

The correlation between HTMW.DE and HYDR has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.

Return for Risk

HTMW.DE vs. HYDR — Risk / Return Rank

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

HTMW.DE

HTMW.DE Risk / Return Rank: 92
HTMW.DE Sharpe Ratio Rank: 94
HTMW.DE Sortino Ratio Rank: 91
HTMW.DE Omega Ratio Rank: 88
HTMW.DE Calmar Ratio Rank: 94
HTMW.DE Martin Ratio Rank: 91

HYDR

HYDR Risk / Return Rank: 92
HYDR Sharpe Ratio Rank: 97
HYDR Sortino Ratio Rank: 93
HYDR Omega Ratio Rank: 87
HYDR Calmar Ratio Rank: 95
HYDR Martin Ratio Rank: 89

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.

HTMW.DE vs. HYDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Legal & General Hydrogen Economy UCITS ETF (HTMW.DE) and Global X Hydrogen ETF (HYDR). 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.

	HTMW.DE	HYDR	Difference
Sharpe ratio: Return per unit of total volatility	3.65	4.69	-1.04
Sortino ratio: Return per unit of downside risk	4.34	4.59	-0.25
Omega ratio: Gain probability vs. loss probability	1.55	1.55	-0.01
Calmar ratio: Return relative to maximum drawdown	7.53	8.04	-0.51
Martin ratio: Return relative to average drawdown	21.36	18.77	+2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTMW.DE vs. HYDR - Sharpe Ratio Comparison

The current HTMW.DE Sharpe Ratio is 3.65, which is comparable to the HYDR Sharpe Ratio of 4.69. The chart below compares the historical Sharpe Ratios of HTMW.DE and HYDR, 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

	HTMW.DE	HYDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.65	4.69	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.22	+0.14

Drawdowns

HTMW.DE vs. HYDR - Drawdown Comparison

The maximum HTMW.DE drawdown since its inception was -63.93%, smaller than the maximum HYDR drawdown of -88.91%. Use the drawdown chart below to compare losses from any high point for HTMW.DE and HYDR.

Drawdown Indicators

	HTMW.DE	HYDR	Difference
Max Drawdown Largest peak-to-trough decline	-63.93%	-88.91%	+24.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.49%	-31.27%	+16.78%
Max Drawdown (3Y) Largest decline over 3 years	-33.07%	-70.86%	+37.79%
Max Drawdown (5Y) Largest decline over 5 years	-57.56%	—	—
Current Drawdown Current decline from peak	-10.66%	-51.84%	+41.18%
Average Drawdown Average peak-to-trough decline	-42.58%	-62.38%	+19.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	13.36%	-8.24%

Volatility

HTMW.DE vs. HYDR - Volatility Comparison

The current volatility for Legal & General Hydrogen Economy UCITS ETF (HTMW.DE) is 11.49%, while Global X Hydrogen ETF (HYDR) has a volatility of 18.54%. This indicates that HTMW.DE experiences smaller price fluctuations and is considered to be less risky than HYDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTMW.DE	HYDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.49%	18.54%	-7.05%
Volatility (6M) Calculated over the trailing 6-month period	19.55%	34.85%	-15.30%
Volatility (1Y) Calculated over the trailing 1-year period	29.98%	53.91%	-23.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.46%	45.70%	-19.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	45.70%	-19.06%

HTMW.DE vs. HYDR - Expense Ratio Comparison

HTMW.DE has a 0.49% expense ratio, which is lower than HYDR's 0.50% expense ratio.

Dividends

HTMW.DE vs. HYDR - Dividend Comparison

HTMW.DE has not paid dividends to shareholders, while HYDR's dividend yield for the trailing twelve months is around 1.82%.

Position	TTM	2025	2024	2023	2022	2021
HTMW.DE Legal & General Hydrogen Economy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HYDR Global X Hydrogen ETF	1.82%	3.82%	0.40%	0.00%	0.00%	0.06%

Frequently Asked Questions

Can I hold both HTMW.DE and HYDR in my portfolio?

HTMW.DE and HYDR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HTMW.DE or HYDR?

On fees, HTMW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HTMW.DE or HYDR?

HTMW.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for HYDR.

What is the main difference between HTMW.DE and HYDR?

HTMW.DE tracks Solactive Hydrogen Economy Index NTR, while HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.49% for HTMW.DE and 0.50% for HYDR.