TIGR.L vs. HTWO.L

Last updated Jul 21, 2026

TIGR.L (L&G India INR Government Bond UCITS ETF USD (Dist)) and HTWO.L (L&G Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - TIGR.L is a Government Bonds fund tracking the J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index, while HTWO.L is a Alternative Energy Equities fund tracking the Solactive Hydrogen Economy Index NTR. Both are passively managed. Over the past 3 years, TIGR.L returned -0.13%/yr vs 13.85%/yr for HTWO.L. At a 0.22 correlation, their price movements are largely independent. TIGR.L charges 0.39%/yr vs 0.49%/yr for HTWO.L.

Performance

TIGR.L vs. HTWO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G India INR Government Bond UCITS ETF USD (Dist) (TIGR.L) and L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIGR.L achieves a -7.21% return, which is significantly lower than HTWO.L's 29.32% return.

TIGR.L

• 1D: -0.40%
• 1M: -1.40%
• 6M: -3.26%
• YTD: -7.21%
• 1Y: -10.34%
• 3Y*: -0.13%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.73%

HTWO.L

• 1D: 2.98%
• 1M: -11.58%
• 6M: 15.07%
• YTD: 29.32%
• 1Y: 53.58%
• 3Y*: 13.85%
• 5Y*: -0.86%
• 10Y*: —
• ALL TIME*: -6.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIGR.L vs. HTWO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TIGR.L L&G India INR Government Bond UCITS ETF USD (Dist)	-7.21%	0.84%	5.37%	5.93%	-8.86%	1.49%
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc)	29.32%	40.50%	-8.00%	-3.49%	-37.13%	-8.86%

Correlation

The correlation between TIGR.L and HTWO.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.22

Return for Risk

TIGR.L vs. HTWO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIGR.L

TIGR.L Risk / Return Rank: 1
TIGR.L Sharpe Ratio Rank: 0
TIGR.L Sortino Ratio Rank: 1
TIGR.L Omega Ratio Rank: 1
TIGR.L Calmar Ratio Rank: 3
TIGR.L Martin Ratio Rank: 0

HTWO.L

HTWO.L Risk / Return Rank: 60
HTWO.L Sharpe Ratio Rank: 66
HTWO.L Sortino Ratio Rank: 64
HTWO.L Omega Ratio Rank: 59
HTWO.L Calmar Ratio Rank: 61
HTWO.L Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIGR.L vs. HTWO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G India INR Government Bond UCITS ETF USD (Dist) (TIGR.L) and L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.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.

	TIGR.L	HTWO.L	Difference
Sharpe ratio: Return per unit of total volatility	-1.26	1.64	-2.90
Sortino ratio: Return per unit of downside risk	-1.68	2.27	-3.95
Omega ratio: Gain probability vs. loss probability	0.80	1.28	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.77	2.30	-3.06
Martin ratio: Return relative to average drawdown	-1.54	6.69	-8.23

TIGR.L vs. HTWO.L - Sharpe Ratio Comparison

The current TIGR.L Sharpe Ratio is -1.26, which is lower than the HTWO.L Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of TIGR.L and HTWO.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TIGR.L vs. HTWO.L - Drawdown Comparison

The maximum TIGR.L drawdown since its inception was -15.01%, smaller than the maximum HTWO.L drawdown of -68.35%. Use the drawdown chart below to compare losses from any high point for TIGR.L and HTWO.L.

Drawdown Indicators

	TIGR.L	HTWO.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.01%	-68.35%	+53.34%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-23.23%	+9.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.01%	-31.61%	+16.60%
Max Drawdown (5Y) Largest decline over 5 years	—	-59.35%	—
Current Drawdown Current decline from peak	-11.69%	-32.08%	+20.39%
Average Drawdown Average peak-to-trough decline	-4.67%	-48.80%	+44.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.71%	7.99%	-1.28%

Volatility

TIGR.L vs. HTWO.L - Volatility Comparison

The current volatility for L&G India INR Government Bond UCITS ETF USD (Dist) (TIGR.L) is 3.17%, while L&G Hydrogen Economy UCITS ETF USD (Acc) (HTWO.L) has a volatility of 10.94%. This indicates that TIGR.L experiences smaller price fluctuations and is considered to be less risky than HTWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIGR.L	HTWO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	10.94%	-7.77%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	23.79%	-17.11%
Volatility (1Y) Calculated over the trailing 1-year period	8.20%	32.55%	-24.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.35%	29.25%	-22.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	29.38%	-23.03%

TIGR.L vs. HTWO.L - Expense Ratio Comparison

TIGR.L has a 0.39% expense ratio, which is lower than HTWO.L's 0.49% expense ratio.

Dividends

TIGR.L vs. HTWO.L - Dividend Comparison

TIGR.L's dividend yield for the trailing twelve months is around 3.22%, while HTWO.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HTWO.L L&G Hydrogen Economy UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%
TIGR.L L&G India INR Government Bond UCITS ETF USD (Dist)	3.22%	6.72%	6.50%	6.26%	4.15%

Frequently Asked Questions

Can I hold both TIGR.L and HTWO.L in my portfolio?

TIGR.L and HTWO.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIGR.L or HTWO.L?

On fees, TIGR.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIGR.L or HTWO.L?

TIGR.L is cheaper with a 0.39% expense ratio, compared with 0.49% for HTWO.L.

What is the main difference between TIGR.L and HTWO.L?

TIGR.L is categorized as Government Bonds, while HTWO.L is Alternative Energy Equities. TIGR.L tracks J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index, while HTWO.L tracks Solactive Hydrogen Economy Index NTR. Their fees differ too: 0.39% for TIGR.L and 0.49% for HTWO.L.