HTWO.L vs. BATT.L
HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) and BATT.L (L&G Battery Value-Chain UCITS ETF) are both exchange-traded funds - HTWO.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while BATT.L is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 5 years, HTWO.L returned -1.03%/yr vs 11.17%/yr for BATT.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
HTWO.L vs. BATT.L - Performance Comparison
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Returns By Period
In the year-to-date period, HTWO.L achieves a 25.90% return, which is significantly higher than BATT.L's 5.50% return.
HTWO.L
- 1D
- 0.39%
- 1M
- -14.21%
- 6M
- 11.54%
- YTD
- 25.90%
- 1Y
- 53.68%
- 3Y*
- 12.22%
- 5Y*
- -1.03%
- 10Y*
- —
BATT.L
- 1D
- -2.83%
- 1M
- -19.18%
- 6M
- -4.72%
- YTD
- 5.50%
- 1Y
- 57.95%
- 3Y*
- 14.58%
- 5Y*
- 11.17%
- 10Y*
- —
HTWO.L vs. BATT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc) | 25.90% | 40.50% | -8.00% | -3.49% | -37.13% | -33.03% |
BATT.L L&G Battery Value-Chain UCITS ETF | 5.50% | 71.47% | -1.22% | 8.80% | -14.18% | 4.05% |
Correlation
The correlation between HTWO.L and BATT.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.77 |
The correlation between HTWO.L and BATT.L has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
HTWO.L vs. BATT.L — Risk / Return Rank
HTWO.L
BATT.L
HTWO.L vs. BATT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) and L&G Battery Value-Chain UCITS ETF (BATT.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.
| HTWO.L | BATT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.20 | +0.10 |
| Martin ratioReturn relative to average drawdown | 6.91 | 7.93 | -1.02 |
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Drawdowns
HTWO.L vs. BATT.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than BATT.L's maximum drawdown of -39.69%. Use the drawdown chart below to compare losses from any high point for HTWO.L and BATT.L.
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Drawdown Indicators
| HTWO.L | BATT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -39.69% | -28.66% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -26.21% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -32.23% | -33.74% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -33.90% | -25.45% |
Current DrawdownCurrent decline from peak | -33.88% | -26.21% | -7.67% |
Average DrawdownAverage peak-to-trough decline | -48.83% | -12.05% | -36.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 7.28% | +0.46% |
Volatility
HTWO.L vs. BATT.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) and L&G Battery Value-Chain UCITS ETF (BATT.L) have volatilities of 10.56% and 10.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTWO.L | BATT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 10.22% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 26.43% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 32.38% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.27% | 26.20% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 25.43% | +3.94% |
HTWO.L vs. BATT.L - Expense Ratio Comparison
Both HTWO.L and BATT.L have an expense ratio of 0.49%.
Dividends
HTWO.L vs. BATT.L - Dividend Comparison
Neither HTWO.L nor BATT.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and BATT.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HTWO.L and BATT.L have the same expense ratio: 0.49% per year.
HTWO.L is categorized as Alternative Energy Equities, while BATT.L is Lithium & Battery Metals. HTWO.L tracks Solactive Hydrogen Economy Index NTR, while BATT.L tracks Solactive Battery Value-Chain Index. They also come from different issuers: L&G and Legal & General.
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