HYGN.L vs. BKCG.L

Last updated Jul 16, 2026

HYGN.L (Global X Hydrogen UCITS ETF) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both exchange-traded funds - HYGN.L is a Global Equities fund tracking the Global X Hydrogen UCITS ETF, while BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, HYGN.L returned -0.82%/yr vs 24.00%/yr for BKCG.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

HYGN.L vs. BKCG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Hydrogen UCITS ETF (HYGN.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HYGN.L is traded in USD, while BKCG.L is traded in GBP. To make them comparable, the BKCG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HYGN.L achieves a 38.93% return, which is significantly higher than BKCG.L's 6.65% return.

HYGN.L

• 1D: -4.17%
• 1M: -25.05%
• 6M: 14.11%
• YTD: 38.93%
• 1Y: 87.84%
• 3Y*: -0.82%
• 5Y*: —
• 10Y*: —

BKCG.L

• 1D: 0.00%
• 1M: -22.76%
• 6M: -16.29%
• YTD: 6.65%
• 1Y: 27.92%
• 3Y*: 24.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYGN.L vs. BKCG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYGN.L Global X Hydrogen UCITS ETF	38.93%	54.56%	-33.06%	-34.76%	-26.91%
BKCG.L Global X Blockchain UCITS ETF USD Accumulating	6.65%	32.45%	5.20%	329.79%	-81.10%

Correlation

The correlation between HYGN.L and BKCG.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	0.53

The correlation between HYGN.L and BKCG.L shifts across timeframes, from 0.50 (3 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HYGN.L vs. BKCG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYGN.L

HYGN.L Risk / Return Rank: 53
HYGN.L Sharpe Ratio Rank: 60
HYGN.L Sortino Ratio Rank: 60
HYGN.L Omega Ratio Rank: 50
HYGN.L Calmar Ratio Rank: 51
HYGN.L Martin Ratio Rank: 42

BKCG.L

BKCG.L Risk / Return Rank: 18
BKCG.L Sharpe Ratio Rank: 16
BKCG.L Sortino Ratio Rank: 22
BKCG.L Omega Ratio Rank: 20
BKCG.L Calmar Ratio Rank: 17
BKCG.L Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYGN.L vs. BKCG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen UCITS ETF (HYGN.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.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.

	HYGN.L	BKCG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.40	+1.22
Sortino ratio: Return per unit of downside risk	2.28	1.02	+1.26
Omega ratio: Gain probability vs. loss probability	1.26	1.12	+0.15
Calmar ratio: Return relative to maximum drawdown	2.11	0.51	+1.60
Martin ratio: Return relative to average drawdown	5.61	0.88	+4.73

HYGN.L vs. BKCG.L - Sharpe Ratio Comparison

The current HYGN.L Sharpe Ratio is 1.61, which is higher than the BKCG.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of HYGN.L and BKCG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYGN.L vs. BKCG.L - Drawdown Comparison

The maximum HYGN.L drawdown since its inception was -83.04%, roughly equal to the maximum BKCG.L drawdown of -84.44%. Use the drawdown chart below to compare losses from any high point for HYGN.L and BKCG.L.

Drawdown Indicators

	HYGN.L	BKCG.L	Difference
Max Drawdown Largest peak-to-trough decline	-83.04%	-84.44%	+1.40%
Max Drawdown (1Y) Largest decline over 1 year	-43.35%	-54.70%	+11.35%
Max Drawdown (3Y) Largest decline over 3 years	-69.01%	-57.47%	-11.54%
Current Drawdown Current decline from peak	-48.37%	-41.40%	-6.97%
Average Drawdown Average peak-to-trough decline	-54.99%	-45.17%	-9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.36%	31.73%	-15.37%

Volatility

HYGN.L vs. BKCG.L - Volatility Comparison

Global X Hydrogen UCITS ETF (HYGN.L) has a higher volatility of 18.27% compared to Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) at 14.73%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than BKCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYGN.L	BKCG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.27%	14.73%	+3.54%
Volatility (6M) Calculated over the trailing 6-month period	40.74%	47.17%	-6.43%
Volatility (1Y) Calculated over the trailing 1-year period	56.78%	70.58%	-13.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.72%	75.82%	-24.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.72%	75.82%	-24.10%

HYGN.L vs. BKCG.L - Expense Ratio Comparison

Both HYGN.L and BKCG.L have an expense ratio of 0.50%.

Dividends

HYGN.L vs. BKCG.L - Dividend Comparison

Neither HYGN.L nor BKCG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HYGN.L and BKCG.L in my portfolio?

HYGN.L and BKCG.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYGN.L or BKCG.L?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYGN.L or BKCG.L?

HYGN.L and BKCG.L have the same expense ratio: 0.50% per year.

What is the main difference between HYGN.L and BKCG.L?

HYGN.L is categorized as Global Equities, while BKCG.L is Technology Equities. HYGN.L tracks Global X Hydrogen UCITS ETF, while BKCG.L tracks MSCI World/Information Tech NR USD.