QUID.L vs. HDGB.L
QUID.L (PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)) and HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - QUID.L is a Ultrashort Bond fund actively managed by PIMCO, while HDGB.L is a Hydrogen Economy fund tracking the MVIS Global Hydrogen Economy ESG Index. QUID.L is actively managed, while HDGB.L is passively managed. Over the past 5 years, QUID.L returned 3.26%/yr vs -12.94%/yr for HDGB.L. At a 0.04 correlation, their price movements are largely independent. QUID.L charges 0.19%/yr vs 0.55%/yr for HDGB.L.
Performance
QUID.L vs. HDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, QUID.L achieves a 2.08% return, which is significantly lower than HDGB.L's 32.72% return.
QUID.L
- 1D
- -0.02%
- 1M
- 0.31%
- 6M
- 1.83%
- YTD
- 2.08%
- 1Y
- 4.24%
- 3Y*
- 5.08%
- 5Y*
- 3.26%
- 10Y*
- 1.99%
HDGB.L
- 1D
- -1.51%
- 1M
- -13.74%
- 6M
- 14.76%
- YTD
- 32.72%
- 1Y
- 55.48%
- 3Y*
- -8.38%
- 5Y*
- -12.94%
- 10Y*
- —
QUID.L vs. HDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 2.08% | 4.89% | 5.67% | 4.95% | -0.96% | -0.06% |
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 32.72% | 10.07% | -28.93% | -27.71% | -31.76% | -20.01% |
Correlation
The correlation between QUID.L and HDGB.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.04 |
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Return for Risk
QUID.L vs. HDGB.L — Risk / Return Rank
QUID.L
HDGB.L
QUID.L vs. HDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.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.
| QUID.L | HDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.40 | ||
| Sortino ratioReturn per unit of downside risk | +8.31 | ||
| Omega ratioGain probability vs. loss probability | 2.71 | 1.24 | +1.47 |
| Calmar ratioReturn relative to maximum drawdown | 9.44 | 1.81 | +7.63 |
| Martin ratioReturn relative to average drawdown | 75.59 | 4.15 | +71.44 |
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Drawdowns
QUID.L vs. HDGB.L - Drawdown Comparison
The maximum QUID.L drawdown since its inception was -2.47%, smaller than the maximum HDGB.L drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for QUID.L and HDGB.L.
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Drawdown Indicators
| QUID.L | HDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.47% | -80.00% | +77.53% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -30.53% | +30.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.45% | -63.35% | +62.90% |
Max Drawdown (5Y)Largest decline over 5 years | -2.47% | -80.00% | +77.53% |
Max Drawdown (10Y)Largest decline over 10 years | -2.47% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -59.70% | +59.68% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -51.61% | +51.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 13.34% | -13.28% |
Volatility
QUID.L vs. HDGB.L - Volatility Comparison
The current volatility for PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.L) is 0.17%, while VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a volatility of 10.38%. This indicates that QUID.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
| QUID.L | HDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 10.38% | -10.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | 27.41% | -26.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.73% | 39.12% | -38.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 34.53% | -33.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.62% | 34.61% | -33.99% |
QUID.L vs. HDGB.L - Expense Ratio Comparison
QUID.L has a 0.19% expense ratio, which is lower than HDGB.L's 0.55% expense ratio.
Dividends
QUID.L vs. HDGB.L - Dividend Comparison
QUID.L's dividend yield for the trailing twelve months is around 3.84%, while HDGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 3.84% | 4.19% | 4.67% | 3.69% | 0.66% | 0.08% | 0.31% | 0.73% | 0.52% | 0.33% | 0.59% | 0.55% |
Frequently Asked Questions
QUID.L and HDGB.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QUID.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUID.L is cheaper with a 0.19% expense ratio, compared with 0.55% for HDGB.L.
QUID.L is categorized as Ultrashort Bond, while HDGB.L is Hydrogen Economy. They also come from different issuers: PIMCO and VanEck. Their fees differ too: 0.19% for QUID.L and 0.55% for HDGB.L.
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