HTMW.DE vs. RENW.DE
HTMW.DE (Legal & General Hydrogen Economy UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - HTMW.DE is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 5 years, HTMW.DE returned 2.27%/yr vs 9.15%/yr for RENW.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
HTMW.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HTMW.DE achieves a 54.80% return, which is significantly higher than RENW.DE's 43.00% return.
HTMW.DE
- 1D
- -1.27%
- 1M
- 3.24%
- YTD
- 54.80%
- 6M
- 48.70%
- 1Y
- 106.04%
- 3Y*
- 20.30%
- 5Y*
- 2.27%
- 10Y*
- —
RENW.DE
- 1D
- -1.77%
- 1M
- 4.66%
- YTD
- 43.00%
- 6M
- 41.09%
- 1Y
- 80.00%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
HTMW.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTMW.DE Legal & General Hydrogen Economy UCITS ETF | 54.80% | 25.34% | -2.43% | -6.52% | -32.92% | -25.69% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | -10.30% |
Correlation
The correlation between HTMW.DE and RENW.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2021 | 0.83 |
The correlation between HTMW.DE and RENW.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
HTMW.DE vs. RENW.DE — Risk / Return Rank
HTMW.DE
RENW.DE
HTMW.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Hydrogen Economy UCITS ETF (HTMW.DE) and L&G Clean Energy UCITS ETF (RENW.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.
| HTMW.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.56 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.28 | 9.22 | -1.94 |
| Martin ratioReturn relative to average drawdown | 20.59 | 34.50 | -13.91 |
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
| HTMW.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 3.49 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.41 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.49 | -0.58 |
Drawdowns
HTMW.DE vs. RENW.DE - Drawdown Comparison
The maximum HTMW.DE drawdown since its inception was -63.93%, which is greater than RENW.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for HTMW.DE and RENW.DE.
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Drawdown Indicators
| HTMW.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.93% | -43.93% | -20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -8.63% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -33.07% | -35.00% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -57.56% | -42.30% | -15.26% |
Current DrawdownCurrent decline from peak | -11.80% | -3.64% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -42.55% | -17.33% | -25.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.31% | +2.82% |
Volatility
HTMW.DE vs. RENW.DE - Volatility Comparison
Legal & General Hydrogen Economy UCITS ETF (HTMW.DE) has a higher volatility of 11.53% compared to L&G Clean Energy UCITS ETF (RENW.DE) at 8.24%. This indicates that HTMW.DE's price experiences larger fluctuations and is considered to be riskier than RENW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTMW.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 8.24% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 19.57% | 16.85% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.96% | 22.80% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.47% | 22.02% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 22.48% | +4.16% |
HTMW.DE vs. RENW.DE - Expense Ratio Comparison
Both HTMW.DE and RENW.DE have an expense ratio of 0.49%.
Dividends
HTMW.DE vs. RENW.DE - Dividend Comparison
Neither HTMW.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
HTMW.DE and RENW.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HTMW.DE and RENW.DE have the same expense ratio: 0.49% per year.
HTMW.DE is categorized as Alternative Energy Equities, while RENW.DE is Energy Equities. HTMW.DE tracks Solactive Hydrogen Economy Index NTR, while RENW.DE tracks Solactive Clean Energy.
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