HTWG.L vs. RNRG.L
HTWG.L (L&G Hydrogen Economy UCITS ETF) and RNRG.L (Global X Renewable Energy Producers UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - HTWG.L tracks the Solactive Hydrogen Economy Index NTR while RNRG.L tracks the Indxx Renewable Energy Producers v2 Index. Both are passively managed. Over the past 3 years, HTWG.L returned 10.70%/yr vs 0.32%/yr for RNRG.L. A 0.62 correlation means they provide meaningful diversification when combined. HTWG.L charges 0.49%/yr vs 0.50%/yr for RNRG.L.
Performance
HTWG.L vs. RNRG.L - Performance Comparison
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Different Trading Currencies
HTWG.L is traded in GBp, while RNRG.L is traded in USD. To make them comparable, the RNRG.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 higher than RNRG.L's 8.57% 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*
- —
RNRG.L
- 1D
- -0.22%
- 1M
- -4.20%
- 6M
- 3.19%
- YTD
- 8.57%
- 1Y
- 25.78%
- 3Y*
- 0.32%
- 5Y*
- —
- 10Y*
- —
HTWG.L vs. RNRG.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% | -2.89% |
RNRG.L Global X Renewable Energy Producers UCITS ETF USD (Acc) | 8.57% | 24.50% | -21.66% | -19.22% | -0.15% | -2.85% |
Correlation
The correlation between HTWG.L and RNRG.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.62 |
The correlation between HTWG.L and RNRG.L has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
HTWG.L vs. RNRG.L — Risk / Return Rank
HTWG.L
RNRG.L
HTWG.L vs. RNRG.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 Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.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 | RNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.88 | +0.26 |
| Martin ratioReturn relative to average drawdown | 6.67 | 6.81 | -0.15 |
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Drawdowns
HTWG.L vs. RNRG.L - Drawdown Comparison
The maximum HTWG.L drawdown since its inception was -65.19%, which is greater than RNRG.L's maximum drawdown of -53.69%. Use the drawdown chart below to compare losses from any high point for HTWG.L and RNRG.L.
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Drawdown Indicators
| HTWG.L | RNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.19% | -53.69% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -23.83% | -13.63% | -10.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.88% | -36.82% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -56.98% | — | — |
Current DrawdownCurrent decline from peak | -31.61% | -27.63% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -44.70% | -29.00% | -15.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 3.77% | +3.92% |
Volatility
HTWG.L vs. RNRG.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWG.L) has a higher volatility of 11.52% compared to Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L) at 4.69%. This indicates that HTWG.L's price experiences larger fluctuations and is considered to be riskier than RNRG.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 | RNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.52% | 4.69% | +6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 22.29% | 13.49% | +8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.34% | 17.09% | +14.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.69% | 19.42% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 19.42% | +7.46% |
HTWG.L vs. RNRG.L - Expense Ratio Comparison
HTWG.L has a 0.49% expense ratio, which is lower than RNRG.L's 0.50% expense ratio.
Dividends
HTWG.L vs. RNRG.L - Dividend Comparison
Neither HTWG.L nor RNRG.L has paid dividends to shareholders.
Frequently Asked Questions
HTWG.L and RNRG.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HTWG.L is cheaper with a 0.49% expense ratio, compared with 0.50% for RNRG.L.
HTWG.L tracks Solactive Hydrogen Economy Index NTR, while RNRG.L tracks Indxx Renewable Energy Producers v2 Index. They also come from different issuers: L&G and Global X. Their fees differ too: 0.49% for HTWG.L and 0.50% for RNRG.L.
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