HTWO.L vs. KSTR.L
HTWO.L (L&G Hydrogen Economy UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - HTWO.L tracks the L&G Hydrogen Economy UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, HTWO.L returned -0.51%/yr vs -0.22%/yr for KSTR.L. At a 0.30 correlation, their price movements are largely independent. HTWO.L charges 0.49%/yr vs 0.82%/yr for KSTR.L.
Performance
HTWO.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, HTWO.L achieves a 29.27% return, which is significantly lower than KSTR.L's 41.53% return.
HTWO.L
- 1D
- 0.09%
- 1M
- -10.01%
- 6M
- 17.06%
- YTD
- 29.27%
- 1Y
- 59.38%
- 3Y*
- 13.91%
- 5Y*
- -0.51%
- 10Y*
- —
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
HTWO.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWO.L L&G Hydrogen Economy UCITS ETF | 29.27% | 40.50% | -8.00% | -3.49% | -37.13% | -8.37% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | 2.78% |
Correlation
The correlation between HTWO.L and KSTR.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.30 |
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Return for Risk
HTWO.L vs. KSTR.L — Risk / Return Rank
HTWO.L
KSTR.L
HTWO.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Hydrogen Economy UCITS ETF (HTWO.L) and KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.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 | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 4.76 | -1.87 |
| Martin ratioReturn relative to average drawdown | 7.98 | 12.21 | -4.23 |
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Drawdowns
HTWO.L vs. KSTR.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, roughly equal to the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for HTWO.L and KSTR.L.
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Drawdown Indicators
| HTWO.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -66.67% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -19.42% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -32.36% | -36.60% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -66.38% | +7.03% |
Current DrawdownCurrent decline from peak | -32.10% | -18.75% | -13.35% |
Average DrawdownAverage peak-to-trough decline | -48.84% | -39.83% | -9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 7.58% | 0.00% |
Volatility
HTWO.L vs. KSTR.L - Volatility Comparison
The current volatility for L&G Hydrogen Economy UCITS ETF (HTWO.L) is 10.34%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that HTWO.L experiences smaller price fluctuations and is considered to be less risky than KSTR.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 | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 19.20% | -8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 33.48% | -10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 40.57% | -8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.25% | 34.52% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 34.46% | -5.11% |
HTWO.L vs. KSTR.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
HTWO.L vs. KSTR.L - Dividend Comparison
Neither HTWO.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and KSTR.L have a correlation of 0.39, 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 0.82% for KSTR.L.
HTWO.L tracks L&G Hydrogen Economy UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: L&G and KraneShares. Their fees differ too: 0.49% for HTWO.L and 0.82% for KSTR.L.
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