HTWG.L vs. DRGG.L
HTWG.L (L&G Hydrogen Economy UCITS ETF) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - HTWG.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while DRGG.L is a Government Bonds fund tracking the J.P. Morgan China Custom Liquid ESG Capped Index. Both are passively managed. Over the past 5 years, HTWG.L returned 0.14%/yr vs 2.65%/yr for DRGG.L. At a correlation of -0.10, they often move in opposite directions. HTWG.L charges 0.49%/yr vs 0.30%/yr for DRGG.L.
Performance
HTWG.L vs. DRGG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTWG.L achieves a 30.29% return, which is significantly higher than DRGG.L's 3.22% return.
HTWG.L
- 1D
- -2.57%
- 1M
- -10.03%
- 6M
- 17.89%
- YTD
- 30.29%
- 1Y
- 59.88%
- 3Y*
- 13.36%
- 5Y*
- 0.14%
- 10Y*
- —
DRGG.L
- 1D
- -0.64%
- 1M
- -0.78%
- 6M
- 2.97%
- YTD
- 3.22%
- 1Y
- 6.08%
- 3Y*
- 3.64%
- 5Y*
- 2.65%
- 10Y*
- —
HTWG.L vs. DRGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWG.L L&G Hydrogen Economy UCITS ETF | 30.29% | 30.68% | -6.72% | -8.50% | -29.54% | -30.05% |
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.22% | -1.73% | 4.79% | -5.00% | 5.94% | 7.89% |
Correlation
The correlation between HTWG.L and DRGG.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | -0.10 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTWG.L vs. DRGG.L — Risk / Return Rank
HTWG.L
DRGG.L
HTWG.L vs. DRGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Hydrogen Economy UCITS ETF (HTWG.L) and L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.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.
| HTWG.L | DRGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 1.78 | +1.17 |
| Martin ratioReturn relative to average drawdown | 8.08 | 5.39 | +2.68 |
Loading charts...
Drawdowns
HTWG.L vs. DRGG.L - Drawdown Comparison
The maximum HTWG.L drawdown since its inception was -65.19%, which is greater than DRGG.L's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for HTWG.L and DRGG.L.
Loading charts...
Drawdown Indicators
| HTWG.L | DRGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.19% | -27.90% | -37.29% |
Max Drawdown (1Y)Largest decline over 1 year | -20.22% | -3.40% | -16.82% |
Max Drawdown (3Y)Largest decline over 3 years | -31.88% | -9.04% | -22.84% |
Max Drawdown (5Y)Largest decline over 5 years | -56.98% | -15.77% | -41.21% |
Current DrawdownCurrent decline from peak | -28.37% | -14.39% | -13.98% |
Average DrawdownAverage peak-to-trough decline | -44.71% | -18.79% | -25.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.39% | 1.13% | +6.26% |
Volatility
HTWG.L vs. DRGG.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWG.L) has a higher volatility of 11.13% compared to L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) at 1.44%. This indicates that HTWG.L's price experiences larger fluctuations and is considered to be riskier than DRGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HTWG.L | DRGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.13% | 1.44% | +9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 4.47% | +17.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.07% | 5.85% | +25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 7.33% | +19.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | 12.96% | +13.88% |
HTWG.L vs. DRGG.L - Expense Ratio Comparison
HTWG.L has a 0.49% expense ratio, which is higher than DRGG.L's 0.30% expense ratio.
Dividends
HTWG.L vs. DRGG.L - Dividend Comparison
HTWG.L has not paid dividends to shareholders, while DRGG.L's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 0.87% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% |
HTWG.L L&G Hydrogen Economy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTWG.L and DRGG.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGG.L is cheaper with a 0.30% expense ratio, compared with 0.49% for HTWG.L.
HTWG.L is categorized as Alternative Energy Equities, while DRGG.L is Government Bonds. HTWG.L tracks Solactive Hydrogen Economy Index NTR, while DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index. Their fees differ too: 0.49% for HTWG.L and 0.30% for DRGG.L.
Find the right allocation for HTWG.L and DRGG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer