HYGN.L vs. VPAC.L
HYGN.L (Global X Hydrogen UCITS ETF) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - HYGN.L tracks the Global X Hydrogen UCITS ETF while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 3 years, HYGN.L returned -0.82%/yr vs 8.42%/yr for VPAC.L. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
HYGN.L vs. VPAC.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 VPAC.L's 2.04% return.
HYGN.L
- 1D
- -4.17%
- 1M
- -25.05%
- 6M
- 14.11%
- YTD
- 38.93%
- 1Y
- 87.84%
- 3Y*
- -0.82%
- 5Y*
- —
- 10Y*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
HYGN.L vs. VPAC.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% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -7.47% |
Correlation
The correlation between HYGN.L and VPAC.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.39 |
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Return for Risk
HYGN.L vs. VPAC.L — Risk / Return Rank
HYGN.L
VPAC.L
HYGN.L vs. VPAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen UCITS ETF (HYGN.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.54 | -0.43 |
| Martin ratioReturn relative to average drawdown | 5.61 | 9.98 | -4.38 |
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Drawdowns
HYGN.L vs. VPAC.L - Drawdown Comparison
The maximum HYGN.L drawdown since its inception was -83.04%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for HYGN.L and VPAC.L.
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Drawdown Indicators
| HYGN.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.04% | -34.25% | -48.79% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -2.02% | -41.33% |
Max Drawdown (3Y)Largest decline over 3 years | -69.01% | -3.40% | -65.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.89% | — |
Current DrawdownCurrent decline from peak | -48.37% | -0.33% | -48.04% |
Average DrawdownAverage peak-to-trough decline | -54.99% | -3.14% | -51.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.36% | 0.52% | +15.84% |
Volatility
HYGN.L vs. VPAC.L - Volatility Comparison
Global X Hydrogen UCITS ETF (HYGN.L) has a higher volatility of 18.27% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that HYGN.L's price experiences larger fluctuations and is considered to be riskier than VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.27% | 0.74% | +17.53% |
Volatility (6M)Calculated over the trailing 6-month period | 40.74% | 2.28% | +38.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.78% | 3.17% | +53.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.72% | 5.30% | +46.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.72% | 11.00% | +40.72% |
HYGN.L vs. VPAC.L - Expense Ratio Comparison
Both HYGN.L and VPAC.L have an expense ratio of 0.50%.
Dividends
HYGN.L vs. VPAC.L - Dividend Comparison
Neither HYGN.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
HYGN.L and VPAC.L have a correlation of 0.34, 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 VPAC.L have the same expense ratio: 0.50% per year.
HYGN.L tracks Global X Hydrogen UCITS ETF, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: Global X and Invesco.
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