HYGN.L vs. HTWO.L
HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) and HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - HYGN.L tracks the Solactive Global Hydrogen v2 Index while HTWO.L tracks the Solactive Hydrogen Economy Index NTR. Both are passively managed. Over the past 3 years, HYGN.L returned -3.55%/yr vs 12.22%/yr for HTWO.L. Their correlation of 0.87 suggests significant overlap in exposure. HYGN.L charges 0.50%/yr vs 0.49%/yr for HTWO.L.
Performance
HYGN.L vs. HTWO.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYGN.L achieves a 31.14% return, which is significantly higher than HTWO.L's 25.90% return.
HYGN.L
- 1D
- -2.88%
- 1M
- -28.95%
- 6M
- 6.89%
- YTD
- 31.14%
- 1Y
- 75.72%
- 3Y*
- -3.55%
- 5Y*
- —
- 10Y*
- —
HTWO.L
- 1D
- 0.39%
- 1M
- -14.21%
- 6M
- 11.54%
- YTD
- 25.90%
- 1Y
- 53.68%
- 3Y*
- 12.22%
- 5Y*
- -1.03%
- 10Y*
- —
HYGN.L vs. HTWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYGN.L Global X Hydrogen UCITS ETF USD (Acc) | 31.14% | 54.56% | -33.06% | -34.76% | -26.91% |
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc) | 25.90% | 40.50% | -8.00% | -3.49% | -26.42% |
Correlation
The correlation between HYGN.L and HTWO.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.87 |
The correlation between HYGN.L and HTWO.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYGN.L vs. HTWO.L — Risk / Return Rank
HYGN.L
HTWO.L
HYGN.L vs. HTWO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) and L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.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 | HTWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.30 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.54 | 6.91 | -2.37 |
Loading charts...
Drawdowns
HYGN.L vs. HTWO.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than HTWO.L's maximum drawdown of -68.35%. Use the drawdown chart below to compare losses from any high point for HYGN.L and HTWO.L.
Loading charts...
Drawdown Indicators
| HYGN.L | HTWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -68.35% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -46.52% | -23.23% | -23.29% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -32.23% | -36.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -51.27% | -33.88% | -17.39% |
Average DrawdownAverage peak-to-trough decline | -54.98% | -48.83% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.63% | 7.74% | +8.89% |
Volatility
HYGN.L vs. HTWO.L - Volatility Comparison
Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a higher volatility of 19.00% compared to L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) at 10.56%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than HTWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYGN.L | HTWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.00% | 10.56% | +8.44% |
Volatility (6M)Calculated over the trailing 6-month period | 41.23% | 23.62% | +17.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.09% | 32.48% | +24.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.78% | 29.27% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.78% | 29.37% | +22.41% |
HYGN.L vs. HTWO.L - Expense Ratio Comparison
HYGN.L has a 0.50% expense ratio, which is higher than HTWO.L's 0.49% expense ratio.
Dividends
HYGN.L vs. HTWO.L - Dividend Comparison
Neither HYGN.L nor HTWO.L has paid dividends to shareholders.
Frequently Asked Questions
HYGN.L and HTWO.L have a correlation of 0.86, 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 HYGN.L.
HYGN.L tracks Solactive Global Hydrogen v2 Index, while HTWO.L tracks Solactive Hydrogen Economy Index NTR. They also come from different issuers: Global X and L&G. Their fees differ too: 0.50% for HYGN.L and 0.49% for HTWO.L.
Find the right allocation for HYGN.L and HTWO.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer