HTWG.L vs. NUCG.L

Last updated Jun 26, 2026

HTWG.L (L&G Hydrogen Economy UCITS ETF) and NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) are both exchange-traded funds - HTWG.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while NUCG.L is a Uranium fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure. Both are passively managed. Over the past 3 years, HTWG.L returned 17.09%/yr vs 37.01%/yr for NUCG.L. At a 0.50 correlation, their price movements are largely independent. HTWG.L charges 0.49%/yr vs 0.55%/yr for NUCG.L.

Performance

HTWG.L vs. NUCG.L - Performance Comparison

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

Different Trading Currencies

HTWG.L is traded in GBp, while NUCG.L is traded in USD. To make them comparable, the NUCG.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 38.47% return, which is significantly higher than NUCG.L's 4.67% return.

HTWG.L

• 1D: -2.42%
• 1M: -15.22%
• YTD: 38.47%
• 6M: 37.50%
• 1Y: 83.25%
• 3Y*: 17.09%
• 5Y*: -0.10%
• 10Y*: —

NUCG.L

• 1D: -3.41%
• 1M: -7.65%
• YTD: 4.67%
• 6M: 1.65%
• 1Y: 29.73%
• 3Y*: 37.01%
• 5Y*: —
• 10Y*: —

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

HTWG.L vs. NUCG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HTWG.L L&G Hydrogen Economy UCITS ETF	38.47%	30.68%	-6.72%	-21.64%
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF	4.67%	44.98%	34.19%	-5.27%

Correlation

The correlation between HTWG.L and NUCG.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	0.50

The correlation between HTWG.L and NUCG.L has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

HTWG.L vs. NUCG.L - Sectors Allocation Comparison

Sectors	HTWG.L	NUCG.L
Industrials	51.3%	43.7%
Basic Materials	26.9%	-
Consumer Cyclical	11.4%	-
Utilities	10.4%	7.4%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	48.1%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	0.9%

Return for Risk

HTWG.L vs. NUCG.L — 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: 86
HTWG.L Sharpe Ratio Rank: 92
HTWG.L Sortino Ratio Rank: 87
HTWG.L Omega Ratio Rank: 84
HTWG.L Calmar Ratio Rank: 92
HTWG.L Martin Ratio Rank: 77

NUCG.L

NUCG.L Risk / Return Rank: 21
NUCG.L Sharpe Ratio Rank: 20
NUCG.L Sortino Ratio Rank: 22
NUCG.L Omega Ratio Rank: 20
NUCG.L Calmar Ratio Rank: 22
NUCG.L Martin Ratio Rank: 19

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. NUCG.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 VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.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	NUCG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.80	0.74	+2.06
Sortino ratio: Return per unit of downside risk	3.46	1.26	+2.20
Omega ratio: Gain probability vs. loss probability	1.44	1.15	+0.29
Calmar ratio: Return relative to maximum drawdown	5.42	1.18	+4.24
Martin ratio: Return relative to average drawdown	13.00	2.35	+10.65

HTWG.L vs. NUCG.L - Sharpe Ratio Comparison

The current HTWG.L Sharpe Ratio is 2.80, which is higher than the NUCG.L Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of HTWG.L and NUCG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HTWG.L vs. NUCG.L - Drawdown Comparison

The maximum HTWG.L drawdown since its inception was -65.19%, which is greater than NUCG.L's maximum drawdown of -37.15%. Use the drawdown chart below to compare losses from any high point for HTWG.L and NUCG.L.

Drawdown Indicators

	HTWG.L	NUCG.L	Difference
Max Drawdown Largest peak-to-trough decline	-65.19%	-37.15%	-28.04%
Max Drawdown (1Y) Largest decline over 1 year	-15.29%	-25.22%	+9.93%
Max Drawdown (3Y) Largest decline over 3 years	-31.88%	-37.15%	+5.27%
Max Drawdown (5Y) Largest decline over 5 years	-56.98%	—	—
Current Drawdown Current decline from peak	-23.88%	-20.40%	-3.48%
Average Drawdown Average peak-to-trough decline	-44.93%	-12.00%	-32.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	12.66%	-6.28%

Volatility

HTWG.L vs. NUCG.L - Volatility Comparison

The current volatility for L&G Hydrogen Economy UCITS ETF (HTWG.L) is 8.70%, while VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a volatility of 12.56%. This indicates that HTWG.L experiences smaller price fluctuations and is considered to be less risky than NUCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTWG.L	NUCG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	12.56%	-3.86%
Volatility (6M) Calculated over the trailing 6-month period	19.69%	27.98%	-8.29%
Volatility (1Y) Calculated over the trailing 1-year period	29.56%	40.23%	-10.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.33%	34.95%	-8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	34.95%	-8.32%

HTWG.L vs. NUCG.L - Expense Ratio Comparison

HTWG.L has a 0.49% expense ratio, which is lower than NUCG.L's 0.55% expense ratio.

Dividends

HTWG.L vs. NUCG.L - Dividend Comparison

Neither HTWG.L nor NUCG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

HTWG.L and NUCG.L have a correlation of 0.58, 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 NUCG.L?

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 NUCG.L?

HTWG.L is cheaper with a 0.49% expense ratio, compared with 0.55% for NUCG.L.

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

HTWG.L is categorized as Alternative Energy Equities, while NUCG.L is Uranium. HTWG.L tracks Solactive Hydrogen Economy Index NTR, while NUCG.L tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: L&G and VanEck. Their fees differ too: 0.49% for HTWG.L and 0.55% for NUCG.L.