VWRL.L vs. HDGB.L
VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while HDGB.L is a Hydrogen Economy fund tracking the MVIS Global Hydrogen Economy ESG Index. Both are passively managed. Over the past 5 years, VWRL.L returned 11.26%/yr vs -12.94%/yr for HDGB.L. A 0.56 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.19%/yr vs 0.55%/yr for HDGB.L.
Performance
VWRL.L vs. HDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, VWRL.L achieves a 9.83% return, which is significantly lower than HDGB.L's 32.72% return.
VWRL.L
- 1D
- -0.93%
- 1M
- -2.30%
- 6M
- 7.10%
- YTD
- 9.83%
- 1Y
- 21.02%
- 3Y*
- 17.21%
- 5Y*
- 11.26%
- 10Y*
- 12.07%
HDGB.L
- 1D
- -1.51%
- 1M
- -13.74%
- 6M
- 14.76%
- YTD
- 32.72%
- 1Y
- 55.48%
- 3Y*
- -8.38%
- 5Y*
- -12.94%
- 10Y*
- —
VWRL.L vs. HDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 9.83% | 13.99% | 19.60% | 15.61% | -8.44% | 14.75% |
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 VWRL.L and HDGB.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.56 |
The correlation between VWRL.L and HDGB.L has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.
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Return for Risk
VWRL.L vs. HDGB.L — Risk / Return Rank
VWRL.L
HDGB.L
VWRL.L vs. HDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.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.
| VWRL.L | HDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 1.81 | +1.15 |
| Martin ratioReturn relative to average drawdown | 11.39 | 4.15 | +7.24 |
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Drawdowns
VWRL.L vs. HDGB.L - Drawdown Comparison
The maximum VWRL.L drawdown since its inception was -24.99%, smaller than the maximum HDGB.L drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for VWRL.L and HDGB.L.
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Drawdown Indicators
| VWRL.L | HDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -80.00% | +55.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -30.53% | +23.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -63.35% | +45.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -80.00% | +62.53% |
Max Drawdown (10Y)Largest decline over 10 years | -24.99% | — | — |
Current DrawdownCurrent decline from peak | -3.06% | -59.70% | +56.64% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -51.61% | +48.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 13.34% | -11.50% |
Volatility
VWRL.L vs. HDGB.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) is 3.08%, while VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a volatility of 10.38%. This indicates that VWRL.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
| VWRL.L | HDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 10.38% | -7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 27.41% | -18.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.92% | 39.12% | -28.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 34.53% | -21.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 34.61% | -20.40% |
VWRL.L vs. HDGB.L - Expense Ratio Comparison
VWRL.L has a 0.19% expense ratio, which is lower than HDGB.L's 0.55% expense ratio.
Dividends
VWRL.L vs. HDGB.L - Dividend Comparison
VWRL.L's dividend yield for the trailing twelve months is around 1.29%, 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% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.29% | 1.39% | 1.49% | 1.72% | 2.03% | 1.45% | 1.58% | 1.95% | 2.22% | 1.90% | 1.95% | 2.00% |
Frequently Asked Questions
VWRL.L and HDGB.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.55% for HDGB.L.
VWRL.L is categorized as Global Equities, while HDGB.L is Hydrogen Economy. VWRL.L tracks FTSE All-World Index, while HDGB.L tracks MVIS Global Hydrogen Economy ESG Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.19% for VWRL.L and 0.55% for HDGB.L.
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