HYGN.L vs. RNRG.L
HYGN.L (Global X Hydrogen UCITS ETF USD (Acc)) and RNRG.L (Global X Renewable Energy Producers UCITS ETF USD (Acc)) are both Alternative Energy Equities funds from Global X - HYGN.L tracks the Solactive Global Hydrogen v2 Index while RNRG.L tracks the Indxx Renewable Energy Producers v2 Index. Both are passively managed. Over the past 3 years, HYGN.L returned -3.55%/yr vs 1.38%/yr for RNRG.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
HYGN.L vs. RNRG.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 RNRG.L's 8.41% return.
HYGN.L
- 1D
- -2.88%
- 1M
- -28.95%
- 6M
- 6.89%
- YTD
- 31.14%
- 1Y
- 75.72%
- 3Y*
- -3.55%
- 5Y*
- —
- 10Y*
- —
RNRG.L
- 1D
- -0.39%
- 1M
- -3.01%
- 6M
- 3.78%
- YTD
- 8.41%
- 1Y
- 26.13%
- 3Y*
- 1.38%
- 5Y*
- —
- 10Y*
- —
HYGN.L vs. RNRG.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% |
RNRG.L Global X Renewable Energy Producers UCITS ETF USD (Acc) | 8.41% | 34.05% | -23.00% | -14.97% | -1.98% |
Correlation
The correlation between HYGN.L and RNRG.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.64 |
The correlation between HYGN.L and RNRG.L shifts across timeframes, from 0.54 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYGN.L vs. RNRG.L — Risk / Return Rank
HYGN.L
RNRG.L
HYGN.L vs. RNRG.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 Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.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 | RNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.84 | -0.22 |
| Martin ratioReturn relative to average drawdown | 4.54 | 6.25 | -1.71 |
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Drawdowns
HYGN.L vs. RNRG.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than RNRG.L's maximum drawdown of -51.14%. Use the drawdown chart below to compare losses from any high point for HYGN.L and RNRG.L.
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Drawdown Indicators
| HYGN.L | RNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -51.14% | -31.90% |
Max Drawdown (1Y)Largest decline over 1 year | -46.52% | -14.11% | -32.41% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -37.17% | -31.84% |
Current DrawdownCurrent decline from peak | -51.27% | -19.88% | -31.39% |
Average DrawdownAverage peak-to-trough decline | -54.98% | -26.53% | -28.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.63% | 4.17% | +12.46% |
Volatility
HYGN.L vs. RNRG.L - Volatility Comparison
Global X Hydrogen UCITS ETF USD (Acc) (HYGN.L) has a higher volatility of 19.00% compared to Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L) at 4.77%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than RNRG.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 | RNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.00% | 4.77% | +14.23% |
Volatility (6M)Calculated over the trailing 6-month period | 41.23% | 14.52% | +26.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.09% | 18.19% | +38.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.78% | 21.44% | +30.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.78% | 21.44% | +30.34% |
HYGN.L vs. RNRG.L - Expense Ratio Comparison
Both HYGN.L and RNRG.L have an expense ratio of 0.50%.
Dividends
HYGN.L vs. RNRG.L - Dividend Comparison
Neither HYGN.L nor RNRG.L has paid dividends to shareholders.
Frequently Asked Questions
HYGN.L and RNRG.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HYGN.L and RNRG.L have the same expense ratio: 0.50% per year.
HYGN.L tracks Solactive Global Hydrogen v2 Index, while RNRG.L tracks Indxx Renewable Energy Producers v2 Index.
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