HTWO.L vs. LGGL.L
HTWO.L (L&G Hydrogen Economy UCITS ETF) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds from L&G - HTWO.L tracks the L&G Hydrogen Economy UCITS ETF while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, HTWO.L returned -0.51%/yr vs 11.81%/yr for LGGL.L. A 0.74 correlation means they provide meaningful diversification when combined. HTWO.L charges 0.49%/yr vs 0.10%/yr for LGGL.L.
Performance
HTWO.L vs. LGGL.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 higher than LGGL.L's 10.31% 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*
- —
LGGL.L
- 1D
- 0.04%
- 1M
- 0.18%
- 6M
- 9.21%
- YTD
- 10.31%
- 1Y
- 22.17%
- 3Y*
- 19.11%
- 5Y*
- 11.81%
- 10Y*
- —
HTWO.L vs. LGGL.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% | -33.03% |
LGGL.L L&G Global Equity UCITS ETF | 10.31% | 21.18% | 19.20% | 25.02% | -18.03% | 17.02% |
Correlation
The correlation between HTWO.L and LGGL.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.74 |
The correlation between HTWO.L and LGGL.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
HTWO.L vs. LGGL.L — Risk / Return Rank
HTWO.L
LGGL.L
HTWO.L vs. LGGL.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 L&G Global Equity UCITS ETF (LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.62 | +0.26 |
| Martin ratioReturn relative to average drawdown | 7.98 | 10.81 | -2.83 |
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Drawdowns
HTWO.L vs. LGGL.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for HTWO.L and LGGL.L.
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Drawdown Indicators
| HTWO.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -33.89% | -34.46% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -8.42% | -12.52% |
Max Drawdown (3Y)Largest decline over 3 years | -32.36% | -17.79% | -14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -25.76% | -33.59% |
Current DrawdownCurrent decline from peak | -32.10% | -0.07% | -32.03% |
Average DrawdownAverage peak-to-trough decline | -48.84% | -4.91% | -43.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 2.05% | +5.53% |
Volatility
HTWO.L vs. LGGL.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWO.L) has a higher volatility of 10.34% compared to L&G Global Equity UCITS ETF (LGGL.L) at 2.85%. This indicates that HTWO.L's price experiences larger fluctuations and is considered to be riskier than LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 2.85% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 9.86% | +13.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 12.27% | +20.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.25% | 15.65% | +13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 17.10% | +12.25% |
HTWO.L vs. LGGL.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
HTWO.L vs. LGGL.L - Dividend Comparison
Neither HTWO.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and LGGL.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.49% for HTWO.L.
HTWO.L tracks L&G Hydrogen Economy UCITS ETF, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Their fees differ too: 0.49% for HTWO.L and 0.10% for LGGL.L.
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