HTWG.L vs. HTWO.L
HTWG.L (L&G Hydrogen Economy UCITS ETF) and HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) are both Alternative Energy Equities funds from L&G tracking the Solactive Hydrogen Economy Index NTR. Both are passively managed. Over the past 5 years, HTWG.L returned -0.78%/yr vs -0.58%/yr for HTWO.L. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.49% expense ratio.
Performance
HTWG.L vs. HTWO.L - Performance Comparison
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Different Trading Currencies
HTWG.L is traded in GBp, while HTWO.L is traded in USD. To make them comparable, the HTWO.L 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 24.40% return, which is significantly lower than HTWO.L's 26.08% return.
HTWG.L
- 1D
- -0.49%
- 1M
- -14.94%
- 6M
- 9.66%
- YTD
- 24.40%
- 1Y
- 51.40%
- 3Y*
- 10.70%
- 5Y*
- -0.78%
- 10Y*
- —
HTWO.L
- 1D
- 0.56%
- 1M
- -15.26%
- 6M
- 10.90%
- YTD
- 26.08%
- 1Y
- 53.26%
- 3Y*
- 11.05%
- 5Y*
- -0.58%
- 10Y*
- —
HTWG.L vs. HTWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWG.L L&G Hydrogen Economy UCITS ETF | 24.40% | 30.68% | -6.72% | -8.50% | -29.54% | -30.05% |
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc) | 26.08% | 30.49% | -6.39% | -8.32% | -29.65% | -31.54% |
Correlation
The correlation between HTWG.L and HTWO.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.96 |
The correlation between HTWG.L and HTWO.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
HTWG.L vs. HTWO.L — Risk / Return Rank
HTWG.L
HTWO.L
HTWG.L vs. HTWO.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 Hydrogen Economy UCITS ETF USD (Acc) (HTWO.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 | HTWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.27 | -0.12 |
| Martin ratioReturn relative to average drawdown | 6.67 | 6.90 | -0.23 |
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Drawdowns
HTWG.L vs. HTWO.L - Drawdown Comparison
The maximum HTWG.L drawdown since its inception was -65.19%, roughly equal to the maximum HTWO.L drawdown of -65.84%. Use the drawdown chart below to compare losses from any high point for HTWG.L and HTWO.L.
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Drawdown Indicators
| HTWG.L | HTWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.19% | -65.84% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -23.83% | -23.39% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -31.88% | -31.62% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -56.98% | -57.19% | +0.21% |
Current DrawdownCurrent decline from peak | -31.61% | -32.00% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -44.70% | -45.66% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 7.69% | 0.00% |
Volatility
HTWG.L vs. HTWO.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWG.L) has a higher volatility of 11.52% compared to L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) at 10.58%. This indicates that HTWG.L's price experiences larger fluctuations and is considered to be riskier than HTWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTWG.L | HTWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.52% | 10.58% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.29% | 23.06% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.34% | 31.86% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.69% | 27.37% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 27.61% | -0.73% |
HTWG.L vs. HTWO.L - Expense Ratio Comparison
Both HTWG.L and HTWO.L have an expense ratio of 0.49%.
Dividends
HTWG.L vs. HTWO.L - Dividend Comparison
Neither HTWG.L nor HTWO.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, HTWG.L and HTWO.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HTWG.L and HTWO.L have the same expense ratio: 0.49% per year.
Both ETFs track Solactive Hydrogen Economy Index NTR.
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