HYGN.L vs. URNG.L
HYGN.L (Global X Hydrogen UCITS ETF) and URNG.L (Global X Uranium UCITS ETF USD Accumulating) are both exchange-traded funds - HYGN.L is a Global Equities fund tracking the Global X Hydrogen UCITS ETF, while URNG.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, HYGN.L returned -0.82%/yr vs 29.59%/yr for URNG.L. A 0.53 correlation means they provide meaningful diversification when combined. HYGN.L charges 0.50%/yr vs 0.65%/yr for URNG.L.
Performance
HYGN.L vs. URNG.L - Performance Comparison
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Different Trading Currencies
HYGN.L is traded in USD, while URNG.L is traded in GBP. To make them comparable, the URNG.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 URNG.L's -3.43% return.
HYGN.L
- 1D
- -4.17%
- 1M
- -25.05%
- 6M
- 14.11%
- YTD
- 38.93%
- 1Y
- 87.84%
- 3Y*
- -0.82%
- 5Y*
- —
- 10Y*
- —
URNG.L
- 1D
- 0.00%
- 1M
- -14.42%
- 6M
- -21.08%
- YTD
- -3.43%
- 1Y
- 11.84%
- 3Y*
- 29.59%
- 5Y*
- —
- 10Y*
- —
HYGN.L vs. URNG.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% | -35.67% |
URNG.L Global X Uranium UCITS ETF USD Accumulating | -3.43% | 70.46% | 1.25% | 37.77% | -43.19% |
Correlation
The correlation between HYGN.L and URNG.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2022 | 0.53 |
The correlation between HYGN.L and URNG.L shifts across timeframes, from 0.49 (3 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYGN.L vs. URNG.L — Risk / Return Rank
HYGN.L
URNG.L
HYGN.L vs. URNG.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 Uranium UCITS ETF USD Accumulating (URNG.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 | URNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.35 | +1.76 |
| Martin ratioReturn relative to average drawdown | 5.61 | 0.73 | +4.88 |
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Drawdowns
HYGN.L vs. URNG.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than URNG.L's maximum drawdown of -49.78%. Use the drawdown chart below to compare losses from any high point for HYGN.L and URNG.L.
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Drawdown Indicators
| HYGN.L | URNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -49.78% | -33.26% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -34.12% | -9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -38.37% | -30.64% |
Current DrawdownCurrent decline from peak | -48.37% | -31.48% | -16.89% |
Average DrawdownAverage peak-to-trough decline | -54.99% | -24.54% | -30.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.36% | 16.32% | +0.04% |
Volatility
HYGN.L vs. URNG.L - Volatility Comparison
Global X Hydrogen UCITS ETF (HYGN.L) has a higher volatility of 18.27% compared to Global X Uranium UCITS ETF USD Accumulating (URNG.L) at 10.60%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than URNG.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 | URNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.27% | 10.60% | +7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 40.74% | 36.13% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.78% | 50.88% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.72% | 43.17% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.72% | 43.17% | +8.55% |
HYGN.L vs. URNG.L - Expense Ratio Comparison
HYGN.L has a 0.50% expense ratio, which is lower than URNG.L's 0.65% expense ratio.
Dividends
HYGN.L vs. URNG.L - Dividend Comparison
Neither HYGN.L nor URNG.L has paid dividends to shareholders.
Frequently Asked Questions
HYGN.L and URNG.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGN.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGN.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNG.L.
HYGN.L is categorized as Global Equities, while URNG.L is Uranium. HYGN.L tracks Global X Hydrogen UCITS ETF, while URNG.L tracks Solactive Global Uranium & Nuclear Components. Their fees differ too: 0.50% for HYGN.L and 0.65% for URNG.L.
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