HTWG.L vs. QDVE.DE
HTWG.L (L&G Hydrogen Economy UCITS ETF) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - HTWG.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while QDVE.DE is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, HTWG.L returned 2.77%/yr vs 26.06%/yr for QDVE.DE. At a 0.47 correlation, their price movements are largely independent. HTWG.L charges 0.49%/yr vs 0.15%/yr for QDVE.DE.
Performance
HTWG.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
HTWG.L is traded in GBp, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.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 57.21% return, which is significantly higher than QDVE.DE's 25.81% 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*
- —
QDVE.DE
- 1D
- -0.83%
- 1M
- 18.60%
- YTD
- 25.81%
- 6M
- 24.80%
- 1Y
- 57.14%
- 3Y*
- 32.23%
- 5Y*
- 26.06%
- 10Y*
- 27.63%
HTWG.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWG.L L&G Hydrogen Economy UCITS ETF | 57.21% | 30.68% | -6.72% | -8.50% | -29.54% | -27.07% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 25.81% | 15.71% | 39.75% | 51.06% | -21.77% | 33.08% |
Correlation
The correlation between HTWG.L and QDVE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2021 | 0.47 |
The correlation between HTWG.L and QDVE.DE shifts across timeframes, from 0.39 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HTWG.L vs. QDVE.DE — Risk / Return Rank
HTWG.L
QDVE.DE
HTWG.L vs. QDVE.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 S&P 500 Information Technology Sector UCITS ETF (QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.46 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 7.66 | 3.46 | +4.20 |
| Martin ratioReturn relative to average drawdown | 20.53 | 8.93 | +11.60 |
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 | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.05 | 2.85 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.16 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 1.20 | -1.28 |
Drawdowns
HTWG.L vs. QDVE.DE - Drawdown Comparison
The maximum HTWG.L drawdown since its inception was -63.70%, which is greater than QDVE.DE's maximum drawdown of -28.29%. Use the drawdown chart below to compare losses from any high point for HTWG.L and QDVE.DE.
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Drawdown Indicators
| HTWG.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.70% | -28.29% | -35.41% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -16.44% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -32.33% | -28.29% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -56.98% | -28.29% | -28.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.29% | — |
Current DrawdownCurrent decline from peak | -9.89% | -0.83% | -9.06% |
Average DrawdownAverage peak-to-trough decline | -42.92% | -5.20% | -37.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 6.38% | -0.73% |
Volatility
HTWG.L vs. QDVE.DE - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWG.L) has a higher volatility of 10.99% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 6.96%. This indicates that HTWG.L's price experiences larger fluctuations and is considered to be riskier than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 6.96% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 14.53% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.63% | 20.00% | +8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.12% | 22.22% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.48% | 21.59% | +4.89% |
HTWG.L vs. QDVE.DE - Expense Ratio Comparison
HTWG.L has a 0.49% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
HTWG.L vs. QDVE.DE - Dividend Comparison
Neither HTWG.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
HTWG.L and QDVE.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for HTWG.L.
HTWG.L is categorized as Alternative Energy Equities, while QDVE.DE is Technology Equities. HTWG.L tracks Solactive Hydrogen Economy Index NTR, while QDVE.DE tracks MSCI World/Information Tech NR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.49% for HTWG.L and 0.15% for QDVE.DE.
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