HTWO.L vs. HYGN.L
HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) and HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - HTWO.L tracks the Solactive Hydrogen Economy Index NTR while HYGN.L tracks the Solactive Global Hydrogen v2 Index. Both are passively managed. Over the past 3 years, HTWO.L returned 12.76%/yr vs -1.76%/yr for HYGN.L. Their correlation of 0.87 suggests significant overlap in exposure. HTWO.L charges 0.49%/yr vs 0.50%/yr for HYGN.L.
Performance
HTWO.L vs. HYGN.L - Performance Comparison
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Returns By Period
In the year-to-date period, HTWO.L achieves a 25.41% return, which is significantly lower than HYGN.L's 35.03% return.
HTWO.L
- 1D
- -2.90%
- 1M
- -13.39%
- 6M
- 12.08%
- YTD
- 25.41%
- 1Y
- 55.87%
- 3Y*
- 12.76%
- 5Y*
- -1.11%
- 10Y*
- —
HYGN.L
- 1D
- -6.85%
- 1M
- -26.89%
- 6M
- 11.65%
- YTD
- 35.03%
- 1Y
- 86.64%
- 3Y*
- -1.76%
- 5Y*
- —
- 10Y*
- —
HTWO.L vs. HYGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc) | 25.41% | 40.50% | -8.00% | -3.49% | -26.42% |
HYGN.L Global X Hydrogen UCITS ETF USD (Acc) | 35.03% | 54.56% | -33.06% | -34.76% | -26.91% |
Correlation
The correlation between HTWO.L and HYGN.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.87 |
The correlation between HTWO.L and HYGN.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
HTWO.L vs. HYGN.L — Risk / Return Rank
HTWO.L
HYGN.L
HTWO.L vs. HYGN.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 Global X Hydrogen UCITS ETF USD (Acc) (HYGN.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 | HYGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.92 | +0.48 |
| Martin ratioReturn relative to average drawdown | 7.32 | 5.27 | +2.05 |
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Drawdowns
HTWO.L vs. HYGN.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, smaller than the maximum HYGN.L drawdown of -83.04%. Use the drawdown chart below to compare losses from any high point for HTWO.L and HYGN.L.
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Drawdown Indicators
| HTWO.L | HYGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -83.04% | +14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -44.94% | +21.71% |
Max Drawdown (3Y)Largest decline over 3 years | -32.36% | -69.01% | +36.65% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | — | — |
Current DrawdownCurrent decline from peak | -34.13% | -49.82% | +15.69% |
Average DrawdownAverage peak-to-trough decline | -48.84% | -54.99% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.61% | 16.37% | -8.76% |
Volatility
HTWO.L vs. HYGN.L - Volatility Comparison
The current volatility for L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) is 10.57%, while Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a volatility of 18.95%. This indicates that HTWO.L experiences smaller price fluctuations and is considered to be less risky than HYGN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTWO.L | HYGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 18.95% | -8.38% |
Volatility (6M)Calculated over the trailing 6-month period | 23.63% | 41.15% | -17.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.49% | 57.05% | -24.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.28% | 51.79% | -22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.38% | 51.79% | -22.41% |
HTWO.L vs. HYGN.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is lower than HYGN.L's 0.50% expense ratio.
Dividends
HTWO.L vs. HYGN.L - Dividend Comparison
Neither HTWO.L nor HYGN.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and HYGN.L have a correlation of 0.86, 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 0.50% for HYGN.L.
HTWO.L tracks Solactive Hydrogen Economy Index NTR, while HYGN.L tracks Solactive Global Hydrogen v2 Index. They also come from different issuers: L&G and Global X. Their fees differ too: 0.49% for HTWO.L and 0.50% for HYGN.L.
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