Water Resources

Last updated Dec 2, 2023

Asset Allocation

Position	Category/Sector	Weight
AWK American Water Works Company, Inc.	Utilities	3.57%
XYL		3.57%
IEX IDEX Corporation	Industrials	3.57%
WMS		3.57%
VMI		3.57%
ECL Ecolab Inc.	Basic Materials	3.57%
AOS A. O. Smith Corporation	Industrials	3.57%
ZWS		3.57%
AQUA Evoqua Water Technologies Corp.	Industrials	3.57%
TTEK Tetra Tech, Inc.	Industrials	3.57%
PNR Pentair plc	Industrials	3.57%
CWT California Water Service Group	Utilities	3.57%
PRMW Primo Water Corporation	Consumer Defensive	3.57%
VIE.PA Veolia Environnement S.A.	Industrials	3.57%
TTC The Toro Company	Industrials	3.57%
AWR American States Water Company	Utilities	3.57%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	Utilities	3.57%
MSEX Middlesex Water Company	Utilities	3.57%
LNN Lindsay Corporation	Industrials	3.57%
WTRG		3.57%
BMI Badger Meter, Inc.	Industrials	3.57%
WAT		3.57%
FELE Franklin Electric Co., Inc.	Industrials	3.57%
SVT Servotronics, Inc.	Industrials	3.57%
WTS		3.57%
MWA Mueller Water Products, Inc.	Industrials	3.57%
WTTR		3.57%
ITRI Itron, Inc.	Technology	3.57%

Benchmark

Rebalance portfolio

Performance

The chart shows the growth of an initial investment of $10,000 in Water Resources, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

Water Resources

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Nov 2, 2017, corresponding to the inception date of AQUA

Returns

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC	N/A	N/A	N/A	N/A	N/A	N/A
Water Resources	9.11%	7.00%	1.97%	3.53%	13.95%	N/A
Portfolio components:
AWK American Water Works Company, Inc.	-10.85%	12.80%	-7.62%	-11.77%	8.75%	14.58%
XYL	N/A	N/A	N/A	N/A	N/A	N/A
IEX IDEX Corporation	-10.03%	7.79%	-2.01%	-14.67%	9.40%	12.58%
WMS	N/A	N/A	N/A	N/A	N/A	N/A
VMI	N/A	N/A	N/A	N/A	N/A	N/A
ECL Ecolab Inc.	33.42%	15.06%	11.81%	28.29%	4.83%	7.58%
AOS A. O. Smith Corporation	37.11%	8.37%	13.65%	29.77%	12.30%	12.95%
ZWS	N/A	N/A	N/A	N/A	N/A	N/A
AQUA Evoqua Water Technologies Corp.	N/A	N/A	N/A	N/A	N/A	N/A
TTEK Tetra Tech, Inc.	12.68%	9.01%	6.46%	5.05%	22.52%	20.26%
PNR Pentair plc	49.64%	12.49%	14.08%	44.32%	11.00%	5.40%
CWT California Water Service Group	-13.13%	4.77%	-9.79%	-18.19%	4.24%	11.12%
PRMW Primo Water Corporation	-4.04%	11.25%	13.31%	-5.92%	1.46%	7.78%
VIE.PA Veolia Environnement S.A.	25.64%	10.53%	3.58%	22.08%	13.66%	14.35%
TTC The Toro Company	-23.45%	5.79%	-15.35%	-21.80%	8.14%	12.54%
AWR American States Water Company	-10.51%	3.49%	-10.37%	-16.07%	5.68%	13.52%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	34.64%	16.72%	29.74%	24.05%	16.82%	6.12%
MSEX Middlesex Water Company	-14.72%	3.70%	-19.34%	-26.90%	6.51%	14.48%
LNN Lindsay Corporation	-25.72%	-5.18%	-3.51%	-31.57%	4.57%	5.69%
WTRG	N/A	N/A	N/A	N/A	N/A	N/A
BMI Badger Meter, Inc.	37.72%	7.65%	3.19%	30.63%	23.00%	20.15%
WAT	N/A	N/A	N/A	N/A	N/A	N/A
FELE Franklin Electric Co., Inc.	14.70%	6.54%	-5.66%	10.12%	16.09%	9.05%
SVT Servotronics, Inc.	4.36%	14.43%	-10.99%	-0.72%	-0.41%	4.74%
WTS	N/A	N/A	N/A	N/A	N/A	N/A
MWA Mueller Water Products, Inc.	28.22%	10.63%	-6.56%	18.02%	7.15%	6.35%
WTTR	N/A	N/A	N/A	N/A	N/A	N/A
ITRI Itron, Inc.	36.31%	21.44%	-0.83%	27.22%	4.98%	5.30%

Monthly Returns Heatmap

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2023					0.19%	8.41%	2.71%	-2.77%	-7.38%	-3.73%	8.51%

Sharpe Ratio

The current Water Resources Sharpe ratio is 0.35. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The Sharpe ratio of Water Resources is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.

Water Resources

Benchmark (^GSPC)

Portfolio components

Dividend yield

Water Resources granted a 1.39% dividend yield in the last twelve months.

	TTM	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Water Resources	1.39%	1.22%	0.86%	1.08%	1.29%	1.46%	2.74%	1.30%	1.47%	1.46%	1.51%	1.63%
Portfolio components:
AWK American Water Works Company, Inc.	2.08%	1.68%	1.25%	1.40%	1.59%	1.96%	1.77%	2.02%	2.23%	2.27%	1.99%	3.26%
XYL	1.24%	1.09%	0.93%	1.02%	1.22%	1.26%	1.06%	1.25%	1.54%	1.34%	1.35%	1.49%
IEX IDEX Corporation	1.24%	1.02%	0.90%	1.00%	1.12%	1.31%	1.10%	1.49%	1.62%	1.37%	1.21%	1.65%
WMS	0.43%	0.57%	0.31%	0.43%	3.47%	1.24%	1.09%	1.08%	0.76%	0.17%	0.00%	0.00%
VMI	1.05%	0.67%	0.80%	1.03%	1.00%	1.35%	0.90%	1.06%	1.41%	1.08%	0.65%	0.63%
ECL Ecolab Inc.	1.10%	1.42%	0.83%	0.87%	0.96%	1.15%	1.13%	1.21%	1.17%	1.11%	0.93%	1.15%
AOS A. O. Smith Corporation	1.98%	1.99%	1.23%	1.79%	1.89%	1.78%	0.91%	1.01%	0.99%	1.06%	0.85%	1.14%
ZWS	0.97%	0.95%	0.82%	0.81%	0.00%	0.00%	41.74%	0.00%	0.00%	0.00%	0.00%	0.00%
AQUA Evoqua Water Technologies Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TTEK Tetra Tech, Inc.	0.62%	0.61%	0.45%	0.57%	0.66%	0.89%	0.81%	0.81%	1.19%	0.79%	0.00%	0.00%
PNR Pentair plc	1.33%	1.87%	1.10%	1.43%	1.57%	2.17%	1.95%	2.39%	2.58%	1.66%	1.24%	1.79%
CWT California Water Service Group	2.01%	1.65%	1.28%	1.57%	1.53%	1.57%	1.59%	2.04%	2.88%	2.64%	2.77%	3.43%
PRMW Primo Water Corporation	2.19%	1.80%	1.36%	1.53%	1.75%	1.72%	1.44%	2.11%	2.18%	3.40%	2.86%	0.75%
VIE.PA Veolia Environnement S.A.	3.87%	4.17%	2.09%	2.50%	3.88%	4.68%	3.76%	4.51%	3.20%	4.92%	6.12%	7.65%
TTC The Toro Company	1.59%	1.10%	1.09%	1.07%	1.16%	1.48%	1.11%	1.12%	1.44%	1.33%	0.97%	1.09%
AWR American States Water Company	2.04%	1.65%	1.35%	1.61%	1.34%	1.58%	1.72%	2.01%	2.08%	2.21%	2.65%	2.65%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	1.81%	1.88%	1.09%	2.94%	1.99%	3.85%	3.67%	0.70%	2.31%	4.86%	6.46%	3.54%
MSEX Middlesex Water Company	1.91%	1.50%	0.92%	1.44%	1.54%	1.71%	2.15%	1.88%	2.92%	3.31%	3.59%	3.80%
LNN Lindsay Corporation	1.15%	0.82%	0.86%	0.99%	1.29%	1.27%	1.34%	1.53%	1.52%	1.24%	0.59%	0.51%
WTRG	3.30%	2.33%	1.93%	2.05%	1.93%	2.48%	2.02%	2.46%	2.30%	2.37%	2.48%	2.64%
BMI Badger Meter, Inc.	0.66%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%	1.25%	1.28%	1.39%
WAT	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FELE Franklin Electric Co., Inc.	0.99%	0.98%	0.74%	0.90%	1.01%	1.09%	0.92%	1.02%	1.42%	0.93%	0.68%	0.92%
SVT Servotronics, Inc.	0.00%	0.00%	0.00%	0.00%	1.59%	1.61%	1.35%	1.49%	1.80%	0.00%	1.98%	3.85%
WTS	0.70%	0.79%	0.52%	0.76%	0.90%	1.27%	0.99%	1.09%	1.33%	0.91%	0.81%	1.02%
MWA Mueller Water Products, Inc.	1.82%	2.18%	1.55%	1.72%	1.71%	2.20%	1.28%	0.83%	0.90%	0.68%	0.75%	1.25%
WTTR	2.83%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITRI Itron, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Expense Ratio

The Water Resources has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for positions. 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.

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Ulcer Index
AWK American Water Works Company, Inc.	-0.49
XYL	N/A
IEX IDEX Corporation	-0.63
WMS	N/A
VMI	N/A
ECL Ecolab Inc.	1.41
AOS A. O. Smith Corporation	1.04
ZWS	N/A
AQUA Evoqua Water Technologies Corp.	N/A
TTEK Tetra Tech, Inc.	0.22
PNR Pentair plc	1.66
CWT California Water Service Group	-0.78
PRMW Primo Water Corporation	-0.18
VIE.PA Veolia Environnement S.A.	1.14
TTC The Toro Company	-0.76
AWR American States Water Company	-0.69
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	0.68
MSEX Middlesex Water Company	-1.05
LNN Lindsay Corporation	-0.84
WTRG	N/A
BMI Badger Meter, Inc.	1.05
WAT	N/A
FELE Franklin Electric Co., Inc.	0.40
SVT Servotronics, Inc.	-0.07
WTS	N/A
MWA Mueller Water Products, Inc.	0.63
WTTR	N/A
ITRI Itron, Inc.	0.77

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	SVT	SBS	WTTR	VIE.PA	AWK	PRMW	WTRG	MSEX	AWR	CWT	WAT	AQUA	WMS	LNN	ITRI	TTC	TTEK	AOS	BMI	ECL	VMI	ZWS	PNR	IEX	MWA	XYL	WTS	FELE
SVT	1.00	0.02	0.05	0.07	0.07	0.03	0.07	0.09	0.10	0.09	0.11	0.06	0.08	0.09	0.09	0.05	0.07	0.07	0.08	0.06	0.07	0.06	0.08	0.08	0.08	0.08	0.09	0.09
SBS	0.02	1.00	0.20	0.18	0.21	0.23	0.26	0.23	0.22	0.24	0.21	0.22	0.23	0.22	0.24	0.21	0.22	0.20	0.21	0.24	0.26	0.27	0.23	0.22	0.20	0.23	0.24	0.21
WTTR	0.05	0.20	1.00	0.19	0.01	0.23	0.10	0.15	0.09	0.12	0.19	0.28	0.27	0.34	0.35	0.25	0.29	0.26	0.28	0.20	0.42	0.37	0.29	0.28	0.36	0.28	0.34	0.33
VIE.PA	0.07	0.18	0.19	1.00	0.26	0.28	0.27	0.21	0.22	0.24	0.22	0.23	0.26	0.22	0.25	0.25	0.27	0.24	0.25	0.34	0.26	0.28	0.25	0.24	0.27	0.29	0.27	0.25
AWK	0.07	0.21	0.01	0.26	1.00	0.25	0.78	0.61	0.70	0.66	0.33	0.25	0.23	0.23	0.22	0.28	0.29	0.24	0.30	0.43	0.22	0.24	0.28	0.33	0.26	0.32	0.28	0.27
PRMW	0.03	0.23	0.23	0.28	0.25	1.00	0.25	0.25	0.25	0.25	0.34	0.33	0.36	0.34	0.38	0.36	0.37	0.36	0.36	0.38	0.37	0.39	0.39	0.38	0.41	0.39	0.40	0.39
WTRG	0.07	0.26	0.10	0.27	0.78	0.25	1.00	0.62	0.70	0.69	0.32	0.29	0.25	0.27	0.27	0.31	0.32	0.28	0.32	0.43	0.27	0.29	0.29	0.34	0.32	0.35	0.31	0.32
MSEX	0.09	0.23	0.15	0.21	0.61	0.25	0.62	1.00	0.71	0.70	0.30	0.28	0.30	0.33	0.29	0.29	0.39	0.30	0.38	0.38	0.28	0.32	0.31	0.34	0.37	0.33	0.37	0.38
AWR	0.10	0.22	0.09	0.22	0.70	0.25	0.70	0.71	1.00	0.86	0.32	0.28	0.26	0.30	0.27	0.32	0.38	0.29	0.36	0.41	0.28	0.32	0.31	0.36	0.34	0.34	0.37	0.38
CWT	0.09	0.24	0.12	0.24	0.66	0.25	0.69	0.70	0.86	1.00	0.32	0.29	0.27	0.35	0.30	0.35	0.39	0.32	0.38	0.42	0.31	0.33	0.32	0.37	0.37	0.35	0.38	0.40
WAT	0.11	0.21	0.19	0.22	0.33	0.34	0.32	0.30	0.32	0.32	1.00	0.41	0.38	0.37	0.44	0.46	0.44	0.45	0.44	0.50	0.42	0.45	0.51	0.52	0.43	0.52	0.46	0.47
AQUA	0.06	0.22	0.28	0.23	0.25	0.33	0.29	0.28	0.28	0.29	0.41	1.00	0.45	0.40	0.49	0.41	0.46	0.46	0.45	0.45	0.47	0.52	0.51	0.47	0.52	0.54	0.54	0.52
WMS	0.08	0.23	0.27	0.26	0.23	0.36	0.25	0.30	0.26	0.27	0.38	0.45	1.00	0.46	0.48	0.47	0.48	0.51	0.50	0.46	0.48	0.54	0.52	0.50	0.54	0.50	0.56	0.55
LNN	0.09	0.22	0.34	0.22	0.23	0.34	0.27	0.33	0.30	0.35	0.37	0.40	0.46	1.00	0.49	0.51	0.48	0.50	0.51	0.42	0.63	0.54	0.50	0.51	0.56	0.50	0.55	0.58
ITRI	0.09	0.24	0.35	0.25	0.22	0.38	0.27	0.29	0.27	0.30	0.44	0.49	0.48	0.49	1.00	0.46	0.50	0.49	0.57	0.47	0.51	0.53	0.53	0.51	0.58	0.56	0.56	0.56
TTC	0.05	0.21	0.25	0.25	0.28	0.36	0.31	0.29	0.32	0.35	0.46	0.41	0.47	0.51	0.46	1.00	0.49	0.57	0.48	0.51	0.54	0.52	0.57	0.61	0.53	0.58	0.57	0.58
TTEK	0.07	0.22	0.29	0.27	0.29	0.37	0.32	0.39	0.38	0.39	0.44	0.46	0.48	0.48	0.50	0.49	1.00	0.45	0.54	0.49	0.50	0.53	0.51	0.52	0.54	0.54	0.56	0.57
AOS	0.07	0.20	0.26	0.24	0.24	0.36	0.28	0.30	0.29	0.32	0.45	0.46	0.51	0.50	0.49	0.57	0.45	1.00	0.50	0.52	0.53	0.60	0.65	0.60	0.58	0.62	0.61	0.64
BMI	0.08	0.21	0.28	0.25	0.30	0.36	0.32	0.38	0.36	0.38	0.44	0.45	0.50	0.51	0.57	0.48	0.54	0.50	1.00	0.48	0.51	0.55	0.54	0.53	0.59	0.58	0.59	0.62
ECL	0.06	0.24	0.20	0.34	0.43	0.38	0.43	0.38	0.41	0.42	0.50	0.45	0.46	0.42	0.47	0.51	0.49	0.52	0.48	1.00	0.47	0.52	0.57	0.58	0.53	0.60	0.54	0.55
VMI	0.07	0.26	0.42	0.26	0.22	0.37	0.27	0.28	0.28	0.31	0.42	0.47	0.48	0.63	0.51	0.54	0.50	0.53	0.51	0.47	1.00	0.58	0.58	0.57	0.59	0.59	0.62	0.63
ZWS	0.06	0.27	0.37	0.28	0.24	0.39	0.29	0.32	0.32	0.33	0.45	0.52	0.54	0.54	0.53	0.52	0.53	0.60	0.55	0.52	0.58	1.00	0.65	0.59	0.63	0.64	0.66	0.66
PNR	0.08	0.23	0.29	0.25	0.28	0.39	0.29	0.31	0.31	0.32	0.51	0.51	0.52	0.50	0.53	0.57	0.51	0.65	0.54	0.57	0.58	0.65	1.00	0.67	0.63	0.71	0.66	0.67
IEX	0.08	0.22	0.28	0.24	0.33	0.38	0.34	0.34	0.36	0.37	0.52	0.47	0.50	0.51	0.51	0.61	0.52	0.60	0.53	0.58	0.57	0.59	0.67	1.00	0.62	0.71	0.65	0.66
MWA	0.08	0.20	0.36	0.27	0.26	0.41	0.32	0.37	0.34	0.37	0.43	0.52	0.54	0.56	0.58	0.53	0.54	0.58	0.59	0.53	0.59	0.63	0.63	0.62	1.00	0.65	0.69	0.69
XYL	0.08	0.23	0.28	0.29	0.32	0.39	0.35	0.33	0.34	0.35	0.52	0.54	0.50	0.50	0.56	0.58	0.54	0.62	0.58	0.60	0.59	0.64	0.71	0.71	0.65	1.00	0.69	0.68
WTS	0.09	0.24	0.34	0.27	0.28	0.40	0.31	0.37	0.37	0.38	0.46	0.54	0.56	0.55	0.56	0.57	0.56	0.61	0.59	0.54	0.62	0.66	0.66	0.65	0.69	0.69	1.00	0.72
FELE	0.09	0.21	0.33	0.25	0.27	0.39	0.32	0.38	0.38	0.40	0.47	0.52	0.55	0.58	0.56	0.58	0.57	0.64	0.62	0.55	0.63	0.66	0.67	0.66	0.69	0.68	0.72	1.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

Water Resources

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Water Resources. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Water Resources was 37.67%, occurring on Mar 23, 2020. Recovery took 164 trading sessions.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-37.67%	Feb 20, 2020	23	Mar 23, 2020	164	Nov 9, 2020	187
-25.78%	Jan 3, 2022	118	Jun 16, 2022	277	Jul 12, 2023	395
-16.78%	Jan 29, 2018	235	Dec 24, 2018	35	Feb 13, 2019	270
-14.87%	Jul 27, 2023	67	Oct 27, 2023	—	—	—
-7.84%	Sep 3, 2021	28	Oct 12, 2021	18	Nov 5, 2021	46

Volatility Chart

The current Water Resources volatility is 4.96%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Water Resources

Benchmark (^GSPC)

Portfolio components

Water Resources

Asset Allocation

Performance

Returns

Monthly Returns Heatmap

Dividend yield

Expense Ratio

Risk-Adjusted Performance

Asset Correlations Table

Drawdowns Chart

Worst Drawdowns

Volatility Chart

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