HYGN.L vs. LGUS.L
HYGN.L (Global X Hydrogen UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - HYGN.L tracks the Global X Hydrogen UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 3 years, HYGN.L returned -0.82%/yr vs 20.40%/yr for LGUS.L. A 0.56 correlation means they provide meaningful diversification when combined. HYGN.L charges 0.50%/yr vs 0.05%/yr for LGUS.L.
Performance
HYGN.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYGN.L achieves a 38.93% return, which is significantly higher than LGUS.L's 10.34% return.
HYGN.L
- 1D
- -4.17%
- 1M
- -25.05%
- 6M
- 14.11%
- YTD
- 38.93%
- 1Y
- 87.84%
- 3Y*
- -0.82%
- 5Y*
- —
- 10Y*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
HYGN.L vs. LGUS.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% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -14.50% |
Correlation
The correlation between HYGN.L and LGUS.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.56 |
The correlation between HYGN.L and LGUS.L has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
HYGN.L vs. LGUS.L — Risk / Return Rank
HYGN.L
LGUS.L
HYGN.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen UCITS ETF (HYGN.L) and L&G US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.59 | -0.48 |
| Martin ratioReturn relative to average drawdown | 5.61 | 9.99 | -4.38 |
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Drawdowns
HYGN.L vs. LGUS.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for HYGN.L and LGUS.L.
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Drawdown Indicators
| HYGN.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -34.26% | -48.78% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -8.58% | -34.77% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -19.46% | -49.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.64% | — |
Current DrawdownCurrent decline from peak | -48.37% | -0.49% | -47.88% |
Average DrawdownAverage peak-to-trough decline | -54.99% | -5.30% | -49.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.36% | 2.23% | +14.13% |
Volatility
HYGN.L vs. LGUS.L - Volatility Comparison
Global X Hydrogen UCITS ETF (HYGN.L) has a higher volatility of 18.27% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.27% | 2.86% | +15.41% |
Volatility (6M)Calculated over the trailing 6-month period | 40.74% | 9.41% | +31.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.78% | 12.47% | +44.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.72% | 16.51% | +35.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.72% | 18.10% | +33.62% |
HYGN.L vs. LGUS.L - Expense Ratio Comparison
HYGN.L has a 0.50% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
HYGN.L vs. LGUS.L - Dividend Comparison
Neither HYGN.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
HYGN.L and LGUS.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for HYGN.L.
HYGN.L tracks Global X Hydrogen UCITS ETF, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: Global X and L&G. Their fees differ too: 0.50% for HYGN.L and 0.05% for LGUS.L.
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