MWOZ.L vs. HDGB.L
MWOZ.L (Amundi Prime Global UCITS ETF Dist) and HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - MWOZ.L is a Global Equities fund tracking the Solactive GBS Developed Markets Large & Mid Cap Index, while HDGB.L is a Hydrogen Economy fund tracking the MVIS Global Hydrogen Economy ESG Index. Both are passively managed. Over the past year, MWOZ.L returned 21.20% vs 55.48% for HDGB.L. A 0.58 correlation means they provide meaningful diversification when combined. MWOZ.L charges 0.05%/yr vs 0.55%/yr for HDGB.L.
Performance
MWOZ.L vs. HDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, MWOZ.L achieves a 10.08% return, which is significantly lower than HDGB.L's 32.72% return.
MWOZ.L
- 1D
- 0.00%
- 1M
- -0.28%
- 6M
- 7.83%
- YTD
- 10.08%
- 1Y
- 21.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDGB.L
- 1D
- -1.51%
- 1M
- -13.74%
- 6M
- 14.76%
- YTD
- 32.72%
- 1Y
- 55.48%
- 3Y*
- -8.38%
- 5Y*
- -12.94%
- 10Y*
- —
MWOZ.L vs. HDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.08% | 8.44% |
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 32.72% | 15.22% |
Correlation
The correlation between MWOZ.L and HDGB.L is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.58 |
The correlation between MWOZ.L and HDGB.L has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
MWOZ.L vs. HDGB.L — Risk / Return Rank
MWOZ.L
HDGB.L
MWOZ.L vs. HDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global UCITS ETF Dist (MWOZ.L) and VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.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.
| MWOZ.L | HDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.81 | +1.40 |
| Martin ratioReturn relative to average drawdown | 12.60 | 4.15 | +8.45 |
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Drawdowns
MWOZ.L vs. HDGB.L - Drawdown Comparison
The maximum MWOZ.L drawdown since its inception was -18.50%, smaller than the maximum HDGB.L drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for MWOZ.L and HDGB.L.
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Drawdown Indicators
| MWOZ.L | HDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.50% | -80.00% | +61.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -30.53% | +23.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -80.00% | — |
Current DrawdownCurrent decline from peak | -1.08% | -59.70% | +58.62% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -51.61% | +48.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 13.34% | -11.65% |
Volatility
MWOZ.L vs. HDGB.L - Volatility Comparison
The current volatility for Amundi Prime Global UCITS ETF Dist (MWOZ.L) is 2.74%, while VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a volatility of 10.38%. This indicates that MWOZ.L experiences smaller price fluctuations and is considered to be less risky than HDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOZ.L | HDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 10.38% | -7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 27.41% | -19.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 39.12% | -28.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 34.53% | -20.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.79% | 34.61% | -20.82% |
MWOZ.L vs. HDGB.L - Expense Ratio Comparison
MWOZ.L has a 0.05% expense ratio, which is lower than HDGB.L's 0.55% expense ratio.
Dividends
MWOZ.L vs. HDGB.L - Dividend Comparison
MWOZ.L's dividend yield for the trailing twelve months is around 1.20%, while HDGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% |
Frequently Asked Questions
MWOZ.L and HDGB.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.55% for HDGB.L.
MWOZ.L is categorized as Global Equities, while HDGB.L is Hydrogen Economy. MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index, while HDGB.L tracks MVIS Global Hydrogen Economy ESG Index. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.05% for MWOZ.L and 0.55% for HDGB.L.
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