HYGN.L vs. IDP6.L
HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) and IDP6.L (iShares S&P Small Cap 600 UCITS ETF USD (Dist)) are both exchange-traded funds - HYGN.L is a Alternative Energy Equities fund tracking the Solactive Global Hydrogen v2 Index, while IDP6.L is a Small Cap Blend Equities fund tracking the S&P 600 Small Cap Index (NET). Both are passively managed. Over the past 3 years, HYGN.L returned -3.55%/yr vs 13.22%/yr for IDP6.L. A 0.59 correlation means they provide meaningful diversification when combined. HYGN.L charges 0.50%/yr vs 0.30%/yr for IDP6.L.
Performance
HYGN.L vs. IDP6.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYGN.L achieves a 31.14% return, which is significantly higher than IDP6.L's 19.64% return.
HYGN.L
- 1D
- -2.88%
- 1M
- -28.95%
- 6M
- 6.89%
- YTD
- 31.14%
- 1Y
- 75.72%
- 3Y*
- -3.55%
- 5Y*
- —
- 10Y*
- —
IDP6.L
- 1D
- -1.22%
- 1M
- 1.58%
- 6M
- 13.50%
- YTD
- 19.64%
- 1Y
- 30.10%
- 3Y*
- 13.22%
- 5Y*
- 7.21%
- 10Y*
- 10.19%
HYGN.L vs. IDP6.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% |
IDP6.L iShares S&P Small Cap 600 UCITS ETF USD (Dist) | 19.64% | 6.28% | 7.11% | 17.37% | -8.21% |
Correlation
The correlation between HYGN.L and IDP6.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.59 |
The correlation between HYGN.L and IDP6.L shifts across timeframes, from 0.47 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYGN.L vs. IDP6.L — Risk / Return Rank
HYGN.L
IDP6.L
HYGN.L vs. IDP6.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 iShares S&P Small Cap 600 UCITS ETF USD (Dist) (IDP6.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 | IDP6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.46 | -1.84 |
| Martin ratioReturn relative to average drawdown | 4.54 | 11.01 | -6.47 |
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Drawdowns
HYGN.L vs. IDP6.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than IDP6.L's maximum drawdown of -52.21%. Use the drawdown chart below to compare losses from any high point for HYGN.L and IDP6.L.
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Drawdown Indicators
| HYGN.L | IDP6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -52.21% | -30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -46.52% | -8.66% | -37.86% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -28.99% | -40.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.49% | — |
Current DrawdownCurrent decline from peak | -51.27% | -2.26% | -49.01% |
Average DrawdownAverage peak-to-trough decline | -54.98% | -9.38% | -45.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.63% | 2.73% | +13.90% |
Volatility
HYGN.L vs. IDP6.L - Volatility Comparison
Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a higher volatility of 19.00% compared to iShares S&P Small Cap 600 UCITS ETF USD (Dist) (IDP6.L) at 4.52%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than IDP6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGN.L | IDP6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.00% | 4.52% | +14.48% |
Volatility (6M)Calculated over the trailing 6-month period | 41.23% | 12.13% | +29.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.09% | 16.87% | +40.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.78% | 21.13% | +30.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.78% | 21.67% | +30.11% |
HYGN.L vs. IDP6.L - Expense Ratio Comparison
HYGN.L has a 0.50% expense ratio, which is higher than IDP6.L's 0.30% expense ratio.
Dividends
HYGN.L vs. IDP6.L - Dividend Comparison
HYGN.L has not paid dividends to shareholders, while IDP6.L's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGN.L Global X Hydrogen UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDP6.L iShares S&P Small Cap 600 UCITS ETF USD (Dist) | 0.52% | 1.16% | 1.18% | 1.07% | 1.06% | 0.66% | 0.88% | 0.94% | 1.01% | 0.72% | 0.87% | 0.56% |
Frequently Asked Questions
HYGN.L and IDP6.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDP6.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDP6.L is cheaper with a 0.30% expense ratio, compared with 0.50% for HYGN.L.
HYGN.L is categorized as Alternative Energy Equities, while IDP6.L is Small Cap Blend Equities. HYGN.L tracks Solactive Global Hydrogen v2 Index, while IDP6.L tracks S&P 600 Small Cap Index (NET). They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for HYGN.L and 0.30% for IDP6.L.
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