HYGN.L vs. URNU.L
HYGN.L (Global X Hydrogen UCITS ETF) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - HYGN.L is a Global Equities fund tracking the Global X Hydrogen UCITS ETF, while URNU.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, HYGN.L returned -0.82%/yr vs 29.18%/yr for URNU.L. A 0.50 correlation means they provide meaningful diversification when combined. HYGN.L charges 0.50%/yr vs 0.65%/yr for URNU.L.
Performance
HYGN.L vs. URNU.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 URNU.L's -5.06% return.
HYGN.L
- 1D
- -4.17%
- 1M
- -25.05%
- 6M
- 14.11%
- YTD
- 38.93%
- 1Y
- 87.84%
- 3Y*
- -0.82%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -2.10%
- 1M
- -16.13%
- 6M
- -22.49%
- YTD
- -5.06%
- 1Y
- 10.20%
- 3Y*
- 29.18%
- 5Y*
- —
- 10Y*
- —
HYGN.L vs. URNU.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% | -7.54% |
URNU.L Global X Uranium UCITS ETF USD Acc | -5.06% | 70.50% | 1.19% | 39.91% | 9.76% |
Correlation
The correlation between HYGN.L and URNU.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.50 |
The correlation between HYGN.L and URNU.L shifts across timeframes, from 0.50 (3 years) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYGN.L vs. URNU.L — Risk / Return Rank
HYGN.L
URNU.L
HYGN.L vs. URNU.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 Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.31 | +1.80 |
| Martin ratioReturn relative to average drawdown | 5.61 | 0.62 | +4.99 |
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Drawdowns
HYGN.L vs. URNU.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than URNU.L's maximum drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for HYGN.L and URNU.L.
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Drawdown Indicators
| HYGN.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -38.66% | -44.38% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -33.08% | -10.27% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -38.66% | -30.35% |
Current DrawdownCurrent decline from peak | -48.37% | -32.58% | -15.79% |
Average DrawdownAverage peak-to-trough decline | -54.99% | -11.77% | -43.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.36% | 16.37% | -0.01% |
Volatility
HYGN.L vs. URNU.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 Acc (URNU.L) at 10.24%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than URNU.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 | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.27% | 10.24% | +8.03% |
Volatility (6M)Calculated over the trailing 6-month period | 40.74% | 35.98% | +4.76% |
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% | 41.39% | +10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.72% | 41.39% | +10.33% |
HYGN.L vs. URNU.L - Expense Ratio Comparison
HYGN.L has a 0.50% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
HYGN.L vs. URNU.L - Dividend Comparison
Neither HYGN.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
HYGN.L and URNU.L have a correlation of 0.63, 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 URNU.L.
HYGN.L is categorized as Global Equities, while URNU.L is Uranium. HYGN.L tracks Global X Hydrogen UCITS ETF, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. Their fees differ too: 0.50% for HYGN.L and 0.65% for URNU.L.
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