VWRP.L vs. HDGB.L
VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - VWRP.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, VWRP.L returned 11.25%/yr vs -12.94%/yr for HDGB.L. A 0.57 correlation means they provide meaningful diversification when combined. VWRP.L charges 0.22%/yr vs 0.55%/yr for HDGB.L.
Performance
VWRP.L vs. HDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, VWRP.L achieves a 9.77% return, which is significantly lower than HDGB.L's 32.72% return.
VWRP.L
- 1D
- -0.98%
- 1M
- -2.39%
- 6M
- 7.10%
- YTD
- 9.77%
- 1Y
- 20.94%
- 3Y*
- 17.19%
- 5Y*
- 11.25%
- 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*
- —
VWRP.L vs. HDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 9.77% | 13.94% | 19.60% | 15.64% | -8.41% | 14.80% |
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 VWRP.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 | 0.57 |
The correlation between VWRP.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
VWRP.L vs. HDGB.L — Risk / Return Rank
VWRP.L
HDGB.L
VWRP.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 (USD) Accumulating (VWRP.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.
| VWRP.L | HDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.81 | +1.13 |
| Martin ratioReturn relative to average drawdown | 11.30 | 4.15 | +7.16 |
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Drawdowns
VWRP.L vs. HDGB.L - Drawdown Comparison
The maximum VWRP.L drawdown since its inception was -25.10%, smaller than the maximum HDGB.L drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for VWRP.L and HDGB.L.
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Drawdown Indicators
| VWRP.L | HDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -80.00% | +54.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -30.53% | +23.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -63.35% | +45.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -80.00% | +62.36% |
Current DrawdownCurrent decline from peak | -3.11% | -59.70% | +56.59% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -51.61% | +48.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 13.34% | -11.49% |
Volatility
VWRP.L vs. HDGB.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) is 3.04%, while VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a volatility of 10.38%. This indicates that VWRP.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
| VWRP.L | HDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 10.38% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 27.41% | -18.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 39.12% | -28.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 34.53% | -21.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 34.61% | -19.70% |
VWRP.L vs. HDGB.L - Expense Ratio Comparison
VWRP.L has a 0.22% expense ratio, which is lower than HDGB.L's 0.55% expense ratio.
Dividends
VWRP.L vs. HDGB.L - Dividend Comparison
Neither VWRP.L nor HDGB.L has paid dividends to shareholders.
Frequently Asked Questions
VWRP.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, VWRP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.55% for HDGB.L.
VWRP.L is categorized as Global Equities, while HDGB.L is Hydrogen Economy. VWRP.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: 0.22% for VWRP.L and 0.55% for HDGB.L.
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