HTWG.L vs. IUSA.DE
HTWG.L (L&G Hydrogen Economy UCITS ETF) and IUSA.DE (iShares Core S&P 500 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 IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, HTWG.L returned 2.24%/yr vs 15.07%/yr for IUSA.DE. A 0.53 correlation means they provide meaningful diversification when combined. HTWG.L charges 0.49%/yr vs 0.07%/yr for IUSA.DE.
Performance
HTWG.L vs. IUSA.DE - Performance Comparison
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Different Trading Currencies
HTWG.L is traded in GBp, while IUSA.DE is traded in EUR. To make them comparable, the IUSA.DE 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 53.24% return, which is significantly higher than IUSA.DE's 10.54% return.
HTWG.L
- 1D
- -2.52%
- 1M
- 4.11%
- YTD
- 53.24%
- 6M
- 46.92%
- 1Y
- 109.84%
- 3Y*
- 20.01%
- 5Y*
- 2.24%
- 10Y*
- —
IUSA.DE
- 1D
- -0.01%
- 1M
- 5.43%
- YTD
- 10.54%
- 6M
- 10.39%
- 1Y
- 29.19%
- 3Y*
- 19.18%
- 5Y*
- 15.07%
- 10Y*
- 16.28%
HTWG.L vs. IUSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWG.L L&G Hydrogen Economy UCITS ETF | 53.24% | 30.68% | -6.72% | -8.50% | -29.54% | -27.07% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 10.54% | 10.30% | 26.72% | 20.15% | -9.49% | 27.52% |
Correlation
The correlation between HTWG.L and IUSA.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2021 | 0.53 |
The correlation between HTWG.L and IUSA.DE has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
HTWG.L vs. IUSA.DE — Risk / Return Rank
HTWG.L
IUSA.DE
HTWG.L vs. IUSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Hydrogen Economy UCITS ETF (HTWG.L) and iShares Core S&P 500 UCITS ETF USD Dist (IUSA.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.
| HTWG.L | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.48 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 7.22 | 4.14 | +3.08 |
| Martin ratioReturn relative to average drawdown | 19.31 | 14.87 | +4.45 |
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
| HTWG.L | IUSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.80 | 2.64 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 1.01 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.76 | -0.85 |
Drawdowns
HTWG.L vs. IUSA.DE - Drawdown Comparison
The maximum HTWG.L drawdown since its inception was -63.70%, which is greater than IUSA.DE's maximum drawdown of -34.69%. Use the drawdown chart below to compare losses from any high point for HTWG.L and IUSA.DE.
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Drawdown Indicators
| HTWG.L | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.70% | -34.69% | -29.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -7.03% | -8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -32.33% | -22.08% | -10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -56.98% | -22.08% | -34.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -12.16% | -0.26% | -11.90% |
Average DrawdownAverage peak-to-trough decline | -42.90% | -4.71% | -38.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.67% | 1.96% | +3.71% |
Volatility
HTWG.L vs. IUSA.DE - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWG.L) has a higher volatility of 11.24% compared to iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) at 3.03%. This indicates that HTWG.L's price experiences larger fluctuations and is considered to be riskier than IUSA.DE 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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 3.03% | +8.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 7.43% | +10.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 11.01% | +17.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.15% | 14.74% | +11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.49% | 15.95% | +10.54% |
HTWG.L vs. IUSA.DE - Expense Ratio Comparison
HTWG.L has a 0.49% expense ratio, which is higher than IUSA.DE's 0.07% expense ratio.
Dividends
HTWG.L vs. IUSA.DE - Dividend Comparison
HTWG.L has not paid dividends to shareholders, while IUSA.DE's dividend yield for the trailing twelve months is around 0.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWG.L L&G Hydrogen Economy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.99% | 1.08% | 1.07% | 1.35% | 1.54% | 1.16% | 1.62% | 1.66% | 2.00% | 2.09% | 1.50% | 1.68% |
Frequently Asked Questions
HTWG.L and IUSA.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.49% for HTWG.L.
HTWG.L is categorized as Alternative Energy Equities, while IUSA.DE is S&P 500. HTWG.L tracks Solactive Hydrogen Economy Index NTR, while IUSA.DE tracks S&P 500 Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.49% for HTWG.L and 0.07% for IUSA.DE.
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