HTWO.L vs. RENW.L
HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) and RENW.L (L&G Clean Energy UCITS ETF USD (Acc)) are both Alternative Energy Equities funds from L&G - HTWO.L tracks the Solactive Hydrogen Economy Index NTR while RENW.L tracks the Solactive Clean Energy Index NTR. Both are passively managed. Over the past 5 years, HTWO.L returned -1.03%/yr vs 5.30%/yr for RENW.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.
Performance
HTWO.L vs. RENW.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 RENW.L's 22.11% 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*
- —
RENW.L
- 1D
- -1.07%
- 1M
- -10.32%
- 6M
- 13.78%
- YTD
- 22.11%
- 1Y
- 44.29%
- 3Y*
- 13.16%
- 5Y*
- 5.30%
- 10Y*
- —
HTWO.L vs. RENW.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% |
RENW.L L&G Clean Energy UCITS ETF USD (Acc) | 22.11% | 51.27% | -14.25% | -8.27% | -8.82% | -16.14% |
Correlation
The correlation between HTWO.L and RENW.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.85 |
The correlation between HTWO.L and RENW.L has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
HTWO.L vs. RENW.L — Risk / Return Rank
HTWO.L
RENW.L
HTWO.L vs. RENW.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 L&G Clean Energy UCITS ETF USD (Acc) (RENW.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 | RENW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.66 | -0.36 |
| Martin ratioReturn relative to average drawdown | 6.91 | 9.46 | -2.55 |
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Drawdowns
HTWO.L vs. RENW.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than RENW.L's maximum drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for HTWO.L and RENW.L.
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Drawdown Indicators
| HTWO.L | RENW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -48.58% | -19.77% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -16.56% | -6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -32.23% | -32.48% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -43.77% | -15.58% |
Current DrawdownCurrent decline from peak | -33.88% | -16.56% | -17.32% |
Average DrawdownAverage peak-to-trough decline | -48.83% | -23.61% | -25.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 4.67% | +3.07% |
Volatility
HTWO.L vs. RENW.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) has a higher volatility of 10.56% compared to L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) at 8.97%. This indicates that HTWO.L's price experiences larger fluctuations and is considered to be riskier than RENW.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 | RENW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 8.97% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 20.81% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 25.96% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.27% | 24.75% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 24.98% | +4.39% |
HTWO.L vs. RENW.L - Expense Ratio Comparison
Both HTWO.L and RENW.L have an expense ratio of 0.49%.
Dividends
HTWO.L vs. RENW.L - Dividend Comparison
Neither HTWO.L nor RENW.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and RENW.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HTWO.L and RENW.L have the same expense ratio: 0.49% per year.
HTWO.L tracks Solactive Hydrogen Economy Index NTR, while RENW.L tracks Solactive Clean Energy Index NTR.
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