HTWO.L vs. LGUS.L
HTWO.L (L&G Hydrogen Economy UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds from L&G - HTWO.L tracks the L&G Hydrogen Economy UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, HTWO.L returned -0.51%/yr vs 12.82%/yr for LGUS.L. A 0.67 correlation means they provide meaningful diversification when combined. HTWO.L charges 0.49%/yr vs 0.05%/yr for LGUS.L.
Performance
HTWO.L vs. LGUS.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 LGUS.L's 10.34% 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*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
HTWO.L vs. LGUS.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% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 21.88% |
Correlation
The correlation between HTWO.L and LGUS.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.67 |
The correlation between HTWO.L and LGUS.L has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
HTWO.L vs. LGUS.L — Risk / Return Rank
HTWO.L
LGUS.L
HTWO.L vs. LGUS.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 US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.59 | +0.29 |
| Martin ratioReturn relative to average drawdown | 7.98 | 9.99 | -2.01 |
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Drawdowns
HTWO.L vs. LGUS.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for HTWO.L and LGUS.L.
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Drawdown Indicators
| HTWO.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -34.26% | -34.09% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -8.58% | -12.36% |
Max Drawdown (3Y)Largest decline over 3 years | -32.36% | -19.46% | -12.90% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -25.64% | -33.71% |
Current DrawdownCurrent decline from peak | -32.10% | -0.49% | -31.61% |
Average DrawdownAverage peak-to-trough decline | -48.84% | -5.30% | -43.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 2.23% | +5.35% |
Volatility
HTWO.L vs. LGUS.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWO.L) has a higher volatility of 10.34% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that HTWO.L's price experiences larger fluctuations and is considered to be riskier than LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 2.86% | +7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 9.41% | +14.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 12.47% | +19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.25% | 16.51% | +12.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 18.10% | +11.25% |
HTWO.L vs. LGUS.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
HTWO.L vs. LGUS.L - Dividend Comparison
Neither HTWO.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and LGUS.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.49% for HTWO.L.
HTWO.L tracks L&G Hydrogen Economy UCITS ETF, while LGUS.L tracks L&G US Equity UCITS ETF. Their fees differ too: 0.49% for HTWO.L and 0.05% for LGUS.L.
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