HTWO.L vs. CESG.L
HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) and CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) are both exchange-traded funds - HTWO.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR, while CESG.L is a ESG fund actively managed by First Trust. HTWO.L is passively managed, while CESG.L is actively managed. Over the past 5 years, HTWO.L returned -1.03%/yr vs 5.53%/yr for CESG.L. A 0.51 correlation means they provide meaningful diversification when combined. HTWO.L charges 0.49%/yr vs 0.75%/yr for CESG.L.
Performance
HTWO.L vs. CESG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTWO.L achieves a 25.90% return, which is significantly higher than CESG.L's 3.98% 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*
- —
CESG.L
- 1D
- 0.93%
- 1M
- 3.53%
- 6M
- 4.17%
- YTD
- 3.98%
- 1Y
- 6.69%
- 3Y*
- 9.84%
- 5Y*
- 5.53%
- 10Y*
- —
HTWO.L vs. CESG.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% | -10.89% |
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 3.98% | 11.47% | 9.71% | 12.32% | -13.97% | 23.33% |
Correlation
The correlation between HTWO.L and CESG.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.51 |
Over the past year, the correlation between HTWO.L and CESG.L has dropped to 0.18 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTWO.L vs. CESG.L — Risk / Return Rank
HTWO.L
CESG.L
HTWO.L vs. CESG.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 First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.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 | CESG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.12 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 0.76 | +1.54 |
| Martin ratioReturn relative to average drawdown | 6.91 | 1.95 | +4.96 |
Loading charts...
Drawdowns
HTWO.L vs. CESG.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than CESG.L's maximum drawdown of -22.69%. Use the drawdown chart below to compare losses from any high point for HTWO.L and CESG.L.
Loading charts...
Drawdown Indicators
| HTWO.L | CESG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -22.69% | -45.66% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -8.81% | -14.42% |
Max Drawdown (3Y)Largest decline over 3 years | -32.23% | -10.31% | -21.92% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -22.69% | -36.66% |
Current DrawdownCurrent decline from peak | -33.88% | -0.31% | -33.57% |
Average DrawdownAverage peak-to-trough decline | -48.83% | -5.51% | -43.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 3.42% | +4.32% |
Volatility
HTWO.L vs. CESG.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) has a higher volatility of 10.56% compared to First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) at 3.47%. This indicates that HTWO.L's price experiences larger fluctuations and is considered to be riskier than CESG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HTWO.L | CESG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 3.47% | +7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 8.09% | +15.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 10.01% | +22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.27% | 12.63% | +16.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 12.53% | +16.84% |
HTWO.L vs. CESG.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is lower than CESG.L's 0.75% expense ratio.
Dividends
HTWO.L vs. CESG.L - Dividend Comparison
Neither HTWO.L nor CESG.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and CESG.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HTWO.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HTWO.L is cheaper with a 0.49% expense ratio, compared with 0.75% for CESG.L.
HTWO.L is categorized as Alternative Energy Equities, while CESG.L is ESG. They also come from different issuers: L&G and First Trust. Their fees differ too: 0.49% for HTWO.L and 0.75% for CESG.L.
Find the right allocation for HTWO.L and CESG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer