HTWO.L vs. QCLU.L
HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) and QCLU.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - HTWO.L tracks the Solactive Hydrogen Economy Index NTR while QCLU.L tracks the Nasdaq Clean Edge Green Energy Exclusions Index. Both are passively managed. Over the past 5 years, HTWO.L returned -1.03%/yr vs -3.82%/yr for QCLU.L. Their correlation of 0.81 suggests significant overlap in exposure. HTWO.L charges 0.49%/yr vs 0.60%/yr for QCLU.L.
Performance
HTWO.L vs. QCLU.L - Performance Comparison
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Returns By Period
In the year-to-date period, HTWO.L achieves a 25.90% return, which is significantly higher than QCLU.L's 15.18% 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*
- —
QCLU.L
- 1D
- -2.60%
- 1M
- -17.61%
- 6M
- 4.25%
- YTD
- 15.18%
- 1Y
- 46.93%
- 3Y*
- -3.01%
- 5Y*
- -3.82%
- 10Y*
- —
HTWO.L vs. QCLU.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% | -33.03% |
QCLU.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) | 15.18% | 28.81% | -19.33% | -7.57% | -31.41% | -22.44% |
Correlation
The correlation between HTWO.L and QCLU.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.81 |
The correlation between HTWO.L and QCLU.L has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
HTWO.L vs. QCLU.L — Risk / Return Rank
HTWO.L
QCLU.L
HTWO.L vs. QCLU.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 Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) (QCLU.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 | QCLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.87 | +0.43 |
| Martin ratioReturn relative to average drawdown | 6.91 | 6.48 | +0.43 |
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Drawdowns
HTWO.L vs. QCLU.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, smaller than the maximum QCLU.L drawdown of -71.99%. Use the drawdown chart below to compare losses from any high point for HTWO.L and QCLU.L.
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Drawdown Indicators
| HTWO.L | QCLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -71.99% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -24.92% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -32.23% | -56.88% | +24.65% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -70.15% | +10.80% |
Current DrawdownCurrent decline from peak | -33.88% | -41.20% | +7.32% |
Average DrawdownAverage peak-to-trough decline | -48.83% | -29.29% | -19.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 7.23% | +0.51% |
Volatility
HTWO.L vs. QCLU.L - Volatility Comparison
The current volatility for L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) is 10.56%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) (QCLU.L) has a volatility of 16.50%. This indicates that HTWO.L experiences smaller price fluctuations and is considered to be less risky than QCLU.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 | QCLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 16.50% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 31.62% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 39.95% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.27% | 38.97% | -9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 34.17% | -4.80% |
HTWO.L vs. QCLU.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is lower than QCLU.L's 0.60% expense ratio.
Dividends
HTWO.L vs. QCLU.L - Dividend Comparison
Neither HTWO.L nor QCLU.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and QCLU.L have a correlation of 0.82, 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 0.60% for QCLU.L.
HTWO.L tracks Solactive Hydrogen Economy Index NTR, while QCLU.L tracks Nasdaq Clean Edge Green Energy Exclusions Index. They also come from different issuers: L&G and First Trust. Their fees differ too: 0.49% for HTWO.L and 0.60% for QCLU.L.
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