LUK2.L vs. HTWG.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF) and HTWG.L (L&G Hydrogen Economy UCITS ETF) are both exchange-traded funds - LUK2.L is a Technology Equities fund tracking the L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while HTWG.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR. Both are passively managed. Over the past 5 years, LUK2.L returned 16.82%/yr vs 0.14%/yr for HTWG.L. At a 0.49 correlation, their price movements are largely independent. LUK2.L charges 0.50%/yr vs 0.49%/yr for HTWG.L.
Performance
LUK2.L vs. HTWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUK2.L achieves a 10.52% return, which is significantly lower than HTWG.L's 30.29% return.
LUK2.L
- 1D
- -0.45%
- 1M
- 0.70%
- 6M
- 5.28%
- YTD
- 10.52%
- 1Y
- 34.49%
- 3Y*
- 23.66%
- 5Y*
- 16.82%
- 10Y*
- 10.28%
HTWG.L
- 1D
- -2.57%
- 1M
- -10.03%
- 6M
- 17.89%
- YTD
- 30.29%
- 1Y
- 59.88%
- 3Y*
- 13.36%
- 5Y*
- 0.14%
- 10Y*
- —
LUK2.L vs. HTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF | 10.52% | 43.73% | 9.81% | 6.59% | 3.75% | 32.40% |
HTWG.L L&G Hydrogen Economy UCITS ETF | 30.29% | 30.68% | -6.72% | -8.50% | -29.54% | -30.05% |
Correlation
The correlation between LUK2.L and HTWG.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 | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.49 |
The correlation between LUK2.L and HTWG.L shifts across timeframes, from 0.34 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LUK2.L vs. HTWG.L — Risk / Return Rank
LUK2.L
HTWG.L
LUK2.L vs. HTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) and L&G Hydrogen Economy UCITS ETF (HTWG.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.
| LUK2.L | HTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.95 | -1.11 |
| Martin ratioReturn relative to average drawdown | 5.39 | 8.08 | -2.68 |
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Drawdowns
LUK2.L vs. HTWG.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, smaller than the maximum HTWG.L drawdown of -65.19%. Use the drawdown chart below to compare losses from any high point for LUK2.L and HTWG.L.
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Drawdown Indicators
| LUK2.L | HTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -65.19% | +6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -20.22% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -31.88% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -56.98% | +31.56% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -8.09% | -28.37% | +20.28% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -44.71% | +34.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 7.39% | -1.05% |
Volatility
LUK2.L vs. HTWG.L - Volatility Comparison
The current volatility for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) is 6.11%, while L&G Hydrogen Economy UCITS ETF (HTWG.L) has a volatility of 11.13%. This indicates that LUK2.L experiences smaller price fluctuations and is considered to be less risky than HTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUK2.L | HTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 11.13% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 21.95% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 31.07% | -8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 26.64% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 26.84% | +2.81% |
LUK2.L vs. HTWG.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is higher than HTWG.L's 0.49% expense ratio.
Dividends
LUK2.L vs. HTWG.L - Dividend Comparison
Neither LUK2.L nor HTWG.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and HTWG.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.
On fees, HTWG.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HTWG.L is cheaper with a 0.49% expense ratio, compared with 0.50% for LUK2.L.
LUK2.L is categorized as Technology Equities, while HTWG.L is Alternative Energy Equities. LUK2.L tracks L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while HTWG.L tracks Solactive Hydrogen Economy Index NTR. Their fees differ too: 0.50% for LUK2.L and 0.49% for HTWG.L.
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