WMVG.L vs. HDGB.L
WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) and HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - WMVG.L is a Global Equities fund tracking the MSCI World Minimum Volatility, 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, WMVG.L returned 6.08%/yr vs -12.94%/yr for HDGB.L. At a 0.33 correlation, their price movements are largely independent. WMVG.L charges 0.35%/yr vs 0.55%/yr for HDGB.L.
Performance
WMVG.L vs. HDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, WMVG.L achieves a 3.90% return, which is significantly lower than HDGB.L's 32.72% return.
WMVG.L
- 1D
- 0.73%
- 1M
- 2.48%
- 6M
- 3.77%
- YTD
- 3.90%
- 1Y
- 6.45%
- 3Y*
- 10.23%
- 5Y*
- 6.08%
- 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*
- —
WMVG.L vs. HDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 3.90% | 9.07% | 14.47% | 7.36% | -8.31% | 12.58% |
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 WMVG.L and HDGB.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.33 |
Over the past year, the correlation between WMVG.L and HDGB.L has dropped to 0.03 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
WMVG.L vs. HDGB.L — Risk / Return Rank
WMVG.L
HDGB.L
WMVG.L vs. HDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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.
| WMVG.L | HDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.81 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.95 | 4.15 | -1.20 |
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Drawdowns
WMVG.L vs. HDGB.L - Drawdown Comparison
The maximum WMVG.L drawdown since its inception was -28.25%, smaller than the maximum HDGB.L drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for WMVG.L and HDGB.L.
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Drawdown Indicators
| WMVG.L | HDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.25% | -80.00% | +51.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -30.53% | +25.60% |
Max Drawdown (3Y)Largest decline over 3 years | -9.07% | -63.35% | +54.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -80.00% | +64.82% |
Current DrawdownCurrent decline from peak | -0.72% | -59.70% | +58.98% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -51.61% | +47.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 13.34% | -11.16% |
Volatility
WMVG.L vs. HDGB.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) is 2.20%, while VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a volatility of 10.38%. This indicates that WMVG.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
| WMVG.L | HDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 10.38% | -8.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 27.41% | -21.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 39.12% | -31.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 34.53% | -24.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.09% | 34.61% | -22.52% |
WMVG.L vs. HDGB.L - Expense Ratio Comparison
WMVG.L has a 0.35% expense ratio, which is lower than HDGB.L's 0.55% expense ratio.
Dividends
WMVG.L vs. HDGB.L - Dividend Comparison
Neither WMVG.L nor HDGB.L has paid dividends to shareholders.
Frequently Asked Questions
WMVG.L and HDGB.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WMVG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WMVG.L is cheaper with a 0.35% expense ratio, compared with 0.55% for HDGB.L.
WMVG.L is categorized as Global Equities, while HDGB.L is Hydrogen Economy. WMVG.L tracks MSCI World Minimum Volatility, while HDGB.L tracks MVIS Global Hydrogen Economy ESG Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for WMVG.L and 0.55% for HDGB.L.
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