USPY.L vs. HTWG.L
USPY.L (L&G Cyber Security UCITS ETF) and HTWG.L (L&G Hydrogen Economy UCITS ETF) are both exchange-traded funds - USPY.L is a Technology Equities fund tracking the L&G Cyber Security 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, USPY.L returned 12.61%/yr vs -0.18%/yr for HTWG.L. A 0.57 correlation means they provide meaningful diversification when combined. USPY.L charges 0.69%/yr vs 0.49%/yr for HTWG.L.
Performance
USPY.L vs. HTWG.L - Performance Comparison
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Different Trading Currencies
USPY.L is traded in USD, while HTWG.L is traded in GBp. To make them comparable, the HTWG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USPY.L achieves a 47.19% return, which is significantly higher than HTWG.L's 31.05% return.
USPY.L
- 1D
- -0.15%
- 1M
- 11.40%
- 6M
- 50.30%
- YTD
- 47.19%
- 1Y
- 45.45%
- 3Y*
- 29.54%
- 5Y*
- 12.61%
- 10Y*
- 17.27%
HTWG.L
- 1D
- -1.46%
- 1M
- -9.22%
- 6M
- 18.72%
- YTD
- 31.05%
- 1Y
- 61.73%
- 3Y*
- 14.62%
- 5Y*
- -0.18%
- 10Y*
- —
USPY.L vs. HTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USPY.L L&G Cyber Security UCITS ETF | 47.19% | 7.58% | 17.82% | 42.25% | -32.63% | -0.20% |
HTWG.L L&G Hydrogen Economy UCITS ETF | 31.05% | 40.54% | -8.27% | -3.67% | -37.07% | -31.56% |
Correlation
The correlation between USPY.L and HTWG.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.57 |
The correlation between USPY.L and HTWG.L shifts across timeframes, from 0.38 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USPY.L vs. HTWG.L — Risk / Return Rank
USPY.L
HTWG.L
USPY.L vs. HTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.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.
| USPY.L | HTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.96 | -0.40 |
| Martin ratioReturn relative to average drawdown | 6.67 | 8.25 | -1.58 |
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Drawdowns
USPY.L vs. HTWG.L - Drawdown Comparison
The maximum USPY.L drawdown since its inception was -39.35%, smaller than the maximum HTWG.L drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for USPY.L and HTWG.L.
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Drawdown Indicators
| USPY.L | HTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -67.81% | +28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -20.72% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.03% | -32.66% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -39.35% | -59.41% | +20.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.35% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -29.91% | +27.49% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -47.93% | +38.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 7.46% | -0.48% |
Volatility
USPY.L vs. HTWG.L - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.L) and L&G Hydrogen Economy UCITS ETF (HTWG.L) have volatilities of 11.34% and 11.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPY.L | HTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 11.15% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 25.24% | 22.82% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.22% | 31.93% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 29.04% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 29.09% | -5.53% |
USPY.L vs. HTWG.L - Expense Ratio Comparison
USPY.L has a 0.69% expense ratio, which is higher than HTWG.L's 0.49% expense ratio.
Dividends
USPY.L vs. HTWG.L - Dividend Comparison
Neither USPY.L nor HTWG.L has paid dividends to shareholders.
Frequently Asked Questions
USPY.L and HTWG.L have a correlation of 0.38, 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 0.69% for USPY.L.
USPY.L is categorized as Technology Equities, while HTWG.L is Alternative Energy Equities. USPY.L tracks L&G Cyber Security UCITS ETF, while HTWG.L tracks Solactive Hydrogen Economy Index NTR. Their fees differ too: 0.69% for USPY.L and 0.49% for HTWG.L.
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