HTWG.L vs. FCUS

Last updated Jun 4, 2026

HTWG.L (L&G Hydrogen Economy UCITS ETF) and FCUS (Pinnacle Focused Opportunities ETF) are both exchange-traded funds - HTWG.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while FCUS is a Mid Cap Growth Equities fund actively managed by Pinnacle. HTWG.L is passively managed, while FCUS is actively managed. Over the past 3 years, HTWG.L returned 21.12%/yr vs 34.24%/yr for FCUS. At a 0.37 correlation, their price movements are largely independent. HTWG.L charges 0.49%/yr vs 0.79%/yr for FCUS.

Performance

HTWG.L vs. FCUS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Hydrogen Economy UCITS ETF (HTWG.L) and Pinnacle Focused Opportunities ETF (FCUS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HTWG.L is traded in GBp, while FCUS is traded in USD. To make them comparable, the FCUS values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, HTWG.L achieves a 57.21% return, which is significantly higher than FCUS's 50.62% return.

HTWG.L

• 1D: -1.54%
• 1M: 8.95%
• YTD: 57.21%
• 6M: 52.03%
• 1Y: 116.48%
• 3Y*: 21.12%
• 5Y*: 2.77%
• 10Y*: —

FCUS

• 1D: 1.17%
• 1M: 11.66%
• YTD: 50.62%
• 6M: 51.39%
• 1Y: 97.45%
• 3Y*: 34.24%
• 5Y*: —
• 10Y*: —

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

HTWG.L vs. FCUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HTWG.L L&G Hydrogen Economy UCITS ETF	57.21%	30.68%	-6.72%	-8.50%
FCUS Pinnacle Focused Opportunities ETF	50.62%	5.59%	32.87%	15.07%

Correlation

The correlation between HTWG.L and FCUS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 3, 2023	0.37

The correlation between HTWG.L and FCUS shifts across timeframes, from 0.35 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.

HTWG.L vs. FCUS - Sectors Allocation Comparison

Sectors	HTWG.L	FCUS
Industrials	53.6%	15.3%
Basic Materials	25.4%	10.1%
Consumer Cyclical	11.3%	2.9%
Utilities	9.7%	-
Communication Services	-	2.2%
Consumer Defensive	-	4.4%
Energy	-	18.2%
Financial Services	-	-
Healthcare	-	6.2%
Real Estate	-	-
Technology	-	40.7%

Return for Risk

HTWG.L vs. FCUS — Risk / Return Rank

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

HTWG.L

HTWG.L Risk / Return Rank: 93
HTWG.L Sharpe Ratio Rank: 96
HTWG.L Sortino Ratio Rank: 93
HTWG.L Omega Ratio Rank: 91
HTWG.L Calmar Ratio Rank: 95
HTWG.L Martin Ratio Rank: 90

FCUS

FCUS Risk / Return Rank: 81
FCUS Sharpe Ratio Rank: 86
FCUS Sortino Ratio Rank: 68
FCUS Omega Ratio Rank: 74
FCUS Calmar Ratio Rank: 89
FCUS Martin Ratio Rank: 88

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.

HTWG.L vs. FCUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Hydrogen Economy UCITS ETF (HTWG.L) and Pinnacle Focused Opportunities ETF (FCUS). 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.

	HTWG.L	FCUS	Difference
Sharpe ratio: Return per unit of total volatility	4.05	2.94	+1.11
Sortino ratio: Return per unit of downside risk	4.70	3.22	+1.48
Omega ratio: Gain probability vs. loss probability	1.60	1.46	+0.15
Calmar ratio: Return relative to maximum drawdown	7.66	5.67	+1.98
Martin ratio: Return relative to average drawdown	20.53	19.76	+0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTWG.L vs. FCUS - Sharpe Ratio Comparison

The current HTWG.L Sharpe Ratio is 4.05, which is higher than the FCUS Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of HTWG.L and FCUS, 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

	HTWG.L	FCUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.05	2.94	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	1.01	-1.09

Drawdowns

HTWG.L vs. FCUS - Drawdown Comparison

The maximum HTWG.L drawdown since its inception was -63.70%, which is greater than FCUS's maximum drawdown of -42.21%. Use the drawdown chart below to compare losses from any high point for HTWG.L and FCUS.

Drawdown Indicators

	HTWG.L	FCUS	Difference
Max Drawdown Largest peak-to-trough decline	-63.70%	-42.21%	-21.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-17.27%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-32.33%	-42.21%	+9.88%
Max Drawdown (5Y) Largest decline over 5 years	-56.98%	—	—
Current Drawdown Current decline from peak	-9.89%	0.00%	-9.89%
Average Drawdown Average peak-to-trough decline	-42.92%	-9.14%	-33.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.65%	4.95%	+0.70%

Volatility

HTWG.L vs. FCUS - Volatility Comparison

L&G Hydrogen Economy UCITS ETF (HTWG.L) has a higher volatility of 10.99% compared to Pinnacle Focused Opportunities ETF (FCUS) at 10.01%. This indicates that HTWG.L's price experiences larger fluctuations and is considered to be riskier than FCUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTWG.L	FCUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.99%	10.01%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	24.30%	-6.14%
Volatility (1Y) Calculated over the trailing 1-year period	28.63%	33.36%	-4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.12%	29.47%	-3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.48%	29.47%	-2.99%

HTWG.L vs. FCUS - Expense Ratio Comparison

HTWG.L has a 0.49% expense ratio, which is lower than FCUS's 0.79% expense ratio.

Dividends

HTWG.L vs. FCUS - Dividend Comparison

HTWG.L has not paid dividends to shareholders, while FCUS's dividend yield for the trailing twelve months is around 2.89%.

Position	TTM	2025	2024
FCUS Pinnacle Focused Opportunities ETF	2.89%	4.33%	11.19%
HTWG.L L&G Hydrogen Economy UCITS ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HTWG.L and FCUS in my portfolio?

HTWG.L and FCUS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HTWG.L or FCUS?

On fees, HTWG.L 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, HTWG.L or FCUS?

HTWG.L is cheaper with a 0.49% expense ratio, compared with 0.79% for FCUS.

What is the main difference between HTWG.L and FCUS?

HTWG.L is categorized as Alternative Energy Equities, while FCUS is Mid Cap Growth Equities. They also come from different issuers: L&G and Pinnacle. Their fees differ too: 0.49% for HTWG.L and 0.79% for FCUS.