HTWO.L vs. VPAC.L
HTWO.L (L&G Hydrogen Economy UCITS ETF) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - HTWO.L tracks the L&G Hydrogen Economy UCITS ETF while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, HTWO.L returned -0.51%/yr vs 3.51%/yr for VPAC.L. At a 0.45 correlation, their price movements are largely independent. HTWO.L charges 0.49%/yr vs 0.50%/yr for VPAC.L.
Performance
HTWO.L vs. VPAC.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 VPAC.L's 2.04% 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*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
HTWO.L vs. VPAC.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% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.01% |
Correlation
The correlation between HTWO.L and VPAC.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.45 |
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Return for Risk
HTWO.L vs. VPAC.L — Risk / Return Rank
HTWO.L
VPAC.L
HTWO.L vs. VPAC.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 Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.54 | +0.34 |
| Martin ratioReturn relative to average drawdown | 7.98 | 9.98 | -2.01 |
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Drawdowns
HTWO.L vs. VPAC.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for HTWO.L and VPAC.L.
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Drawdown Indicators
| HTWO.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -34.25% | -34.10% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -2.02% | -18.92% |
Max Drawdown (3Y)Largest decline over 3 years | -32.36% | -3.40% | -28.96% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -13.89% | -45.46% |
Current DrawdownCurrent decline from peak | -32.10% | -0.33% | -31.77% |
Average DrawdownAverage peak-to-trough decline | -48.84% | -3.14% | -45.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 0.52% | +7.06% |
Volatility
HTWO.L vs. VPAC.L - Volatility Comparison
L&G Hydrogen Economy UCITS ETF (HTWO.L) has a higher volatility of 10.34% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that HTWO.L's price experiences larger fluctuations and is considered to be riskier than VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 0.74% | +9.60% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 2.28% | +21.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 3.17% | +29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.25% | 5.30% | +23.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 11.00% | +18.35% |
HTWO.L vs. VPAC.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is lower than VPAC.L's 0.50% expense ratio.
Dividends
HTWO.L vs. VPAC.L - Dividend Comparison
Neither HTWO.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and VPAC.L have a correlation of 0.40, 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 0.50% for VPAC.L.
HTWO.L tracks L&G Hydrogen Economy UCITS ETF, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.49% for HTWO.L and 0.50% for VPAC.L.
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