Just to add to Alicess's post - here is some iinformation on estradiol hemihydrate - the most commonly used formulation of estradiol I gather:
Hemihydrate
"A hemihydrate form of estradiol, estradiol hemihydrate, is widely used medically under a large number of brand names similarly to estradiol.[159] In terms of activity and bioequivalence, estradiol and its hemihydrate are identical, with the only disparities being an approximate 3% difference in potency by weight (due to the presence of water molecules in the hemihydrate form of the substance) and a slower rate of release with certain formulations of the hemihydrate.[162][163] This is because estradiol hemihydrate is more hydrated than anhydrous estradiol, and for this reason, is more insoluble in water in comparison, which results in slower absorption rates with specific formulations of the drug such as vaginal tablets.[163] Estradiol hemihydrate has also been shown to result in less systemic absorption as a vaginal tablet formulation relative to other topical estradiol formulations such as vaginal creams.[164] Estradiol hemihydrate is used in place of estradiol in some estradiol products.[165][166][167] "
https://en.wikipedia.org/wiki/Estradiol_(medication)#HemihydrateLamplighter - any differences you have experienced from using different HRT products will be due to the different mode of delivery and more to the point the added ingredients which will affect how much and how quickly you absorb the oestrogen, as well as differences in your own biology and eg with transdermal HRT where you apply the patch or gel etc.
Also where you are in menopause - ie if still peri-menopausal - will have an enormous effect independent of whatever formulation or HRT type you are using.
Estradiol hemihydrate will be exactly the same molecule wherever it is used and whichever product it is used in, and however it is manufactured. The compound used will be manufactured by different companies but the final product will be a pure compound (it has to be) with no (or presumably negligible) traces of the original products, chemicals etc it has been made from.
Hurdity x