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Water Resources

Last updated Dec 2, 2023

Asset Allocation


AWK 3.57%XYL 3.57%IEX 3.57%WMS 3.57%VMI 3.57%ECL 3.57%AOS 3.57%ZWS 3.57%AQUA 3.57%TTEK 3.57%PNR 3.57%CWT 3.57%PRMW 3.57%VIE.PA 3.57%TTC 3.57%AWR 3.57%SBS 3.57%MSEX 3.57%LNN 3.57%WTRG 3.57%BMI 3.57%WAT 3.57%FELE 3.57%SVT 3.57%WTS 3.57%MWA 3.57%WTTR 3.57%ITRI 3.57%EquityEquity
PositionCategory/SectorWeight
AWK
American Water Works Company, Inc.
Utilities3.57%
XYL
3.57%
IEX
IDEX Corporation
Industrials3.57%
WMS
3.57%
VMI
3.57%
ECL
Ecolab Inc.
Basic Materials3.57%
AOS
A. O. Smith Corporation
Industrials3.57%
ZWS
3.57%
AQUA
Evoqua Water Technologies Corp.
Industrials3.57%
TTEK
Tetra Tech, Inc.
Industrials3.57%
PNR
Pentair plc
Industrials3.57%
CWT
California Water Service Group
Utilities3.57%
PRMW
Primo Water Corporation
Consumer Defensive3.57%
VIE.PA
Veolia Environnement S.A.
Industrials3.57%
TTC
The Toro Company
Industrials3.57%
AWR
American States Water Company
Utilities3.57%
SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Utilities3.57%
MSEX
Middlesex Water Company
Utilities3.57%
LNN
Lindsay Corporation
Industrials3.57%
WTRG
3.57%
BMI
Badger Meter, Inc.
Industrials3.57%
WAT
3.57%
FELE
Franklin Electric Co., Inc.
Industrials3.57%
SVT
Servotronics, Inc.
Industrials3.57%
WTS
3.57%
MWA
Mueller Water Products, Inc.
Industrials3.57%
WTTR
3.57%
ITRI
Itron, Inc.
Technology3.57%

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


60.00%70.00%80.00%90.00%100.00%110.00%JulyAugustSeptemberOctoberNovemberDecember
102.85%
78.10%
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-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
N/AN/AN/AN/AN/AN/A
Water Resources9.11%7.00%1.97%3.53%13.95%N/A
AWK
American Water Works Company, Inc.
-10.85%12.80%-7.62%-11.77%8.75%14.58%
XYL
N/AN/AN/AN/AN/AN/A
IEX
IDEX Corporation
-10.03%7.79%-2.01%-14.67%9.40%12.58%
WMS
N/AN/AN/AN/AN/AN/A
VMI
N/AN/AN/AN/AN/AN/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/AN/AN/AN/AN/AN/A
AQUA
Evoqua Water Technologies Corp.
N/AN/AN/AN/AN/AN/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/AN/AN/AN/AN/AN/A
BMI
Badger Meter, Inc.
37.72%7.65%3.19%30.63%23.00%20.15%
WAT
N/AN/AN/AN/AN/AN/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/AN/AN/AN/AN/AN/A
MWA
Mueller Water Products, Inc.
28.22%10.63%-6.56%18.02%7.15%6.35%
WTTR
N/AN/AN/AN/AN/AN/A
ITRI
Itron, Inc.
36.31%21.44%-0.83%27.22%4.98%5.30%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.19%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.

-1.000.001.002.003.000.35

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.


Rolling 12-month Sharpe Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.35
1.12
Water Resources
Benchmark (^GSPC)
Portfolio components

Dividend yield

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


TTM20222021202020192018201720162015201420132012
Water Resources1.39%1.22%0.86%1.08%1.29%1.46%2.74%1.30%1.47%1.46%1.51%1.63%
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 ratioSortino ratioOmega ratioCalmar ratioUlcer 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.

SVTSBSWTTRVIE.PAAWKPRMWWTRGMSEXAWRCWTWATAQUAWMSLNNITRITTCTTEKAOSBMIECLVMIZWSPNRIEXMWAXYLWTSFELE
SVT1.000.020.050.070.070.030.070.090.100.090.110.060.080.090.090.050.070.070.080.060.070.060.080.080.080.080.090.09
SBS0.021.000.200.180.210.230.260.230.220.240.210.220.230.220.240.210.220.200.210.240.260.270.230.220.200.230.240.21
WTTR0.050.201.000.190.010.230.100.150.090.120.190.280.270.340.350.250.290.260.280.200.420.370.290.280.360.280.340.33
VIE.PA0.070.180.191.000.260.280.270.210.220.240.220.230.260.220.250.250.270.240.250.340.260.280.250.240.270.290.270.25
AWK0.070.210.010.261.000.250.780.610.700.660.330.250.230.230.220.280.290.240.300.430.220.240.280.330.260.320.280.27
PRMW0.030.230.230.280.251.000.250.250.250.250.340.330.360.340.380.360.370.360.360.380.370.390.390.380.410.390.400.39
WTRG0.070.260.100.270.780.251.000.620.700.690.320.290.250.270.270.310.320.280.320.430.270.290.290.340.320.350.310.32
MSEX0.090.230.150.210.610.250.621.000.710.700.300.280.300.330.290.290.390.300.380.380.280.320.310.340.370.330.370.38
AWR0.100.220.090.220.700.250.700.711.000.860.320.280.260.300.270.320.380.290.360.410.280.320.310.360.340.340.370.38
CWT0.090.240.120.240.660.250.690.700.861.000.320.290.270.350.300.350.390.320.380.420.310.330.320.370.370.350.380.40
WAT0.110.210.190.220.330.340.320.300.320.321.000.410.380.370.440.460.440.450.440.500.420.450.510.520.430.520.460.47
AQUA0.060.220.280.230.250.330.290.280.280.290.411.000.450.400.490.410.460.460.450.450.470.520.510.470.520.540.540.52
WMS0.080.230.270.260.230.360.250.300.260.270.380.451.000.460.480.470.480.510.500.460.480.540.520.500.540.500.560.55
LNN0.090.220.340.220.230.340.270.330.300.350.370.400.461.000.490.510.480.500.510.420.630.540.500.510.560.500.550.58
ITRI0.090.240.350.250.220.380.270.290.270.300.440.490.480.491.000.460.500.490.570.470.510.530.530.510.580.560.560.56
TTC0.050.210.250.250.280.360.310.290.320.350.460.410.470.510.461.000.490.570.480.510.540.520.570.610.530.580.570.58
TTEK0.070.220.290.270.290.370.320.390.380.390.440.460.480.480.500.491.000.450.540.490.500.530.510.520.540.540.560.57
AOS0.070.200.260.240.240.360.280.300.290.320.450.460.510.500.490.570.451.000.500.520.530.600.650.600.580.620.610.64
BMI0.080.210.280.250.300.360.320.380.360.380.440.450.500.510.570.480.540.501.000.480.510.550.540.530.590.580.590.62
ECL0.060.240.200.340.430.380.430.380.410.420.500.450.460.420.470.510.490.520.481.000.470.520.570.580.530.600.540.55
VMI0.070.260.420.260.220.370.270.280.280.310.420.470.480.630.510.540.500.530.510.471.000.580.580.570.590.590.620.63
ZWS0.060.270.370.280.240.390.290.320.320.330.450.520.540.540.530.520.530.600.550.520.581.000.650.590.630.640.660.66
PNR0.080.230.290.250.280.390.290.310.310.320.510.510.520.500.530.570.510.650.540.570.580.651.000.670.630.710.660.67
IEX0.080.220.280.240.330.380.340.340.360.370.520.470.500.510.510.610.520.600.530.580.570.590.671.000.620.710.650.66
MWA0.080.200.360.270.260.410.320.370.340.370.430.520.540.560.580.530.540.580.590.530.590.630.630.621.000.650.690.69
XYL0.080.230.280.290.320.390.350.330.340.350.520.540.500.500.560.580.540.620.580.600.590.640.710.710.651.000.690.68
WTS0.090.240.340.270.280.400.310.370.370.380.460.540.560.550.560.570.560.610.590.540.620.660.660.650.690.691.000.72
FELE0.090.210.330.250.270.390.320.380.380.400.470.520.550.580.560.580.570.640.620.550.630.660.670.660.690.680.721.00

Drawdowns Chart

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


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.13%
-4.21%
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, 202023Mar 23, 2020164Nov 9, 2020187
-25.78%Jan 3, 2022118Jun 16, 2022277Jul 12, 2023395
-16.78%Jan 29, 2018235Dec 24, 201835Feb 13, 2019270
-14.87%Jul 27, 202367Oct 27, 2023
-7.84%Sep 3, 202128Oct 12, 202118Nov 5, 202146

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.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.96%
2.72%
Water Resources
Benchmark (^GSPC)
Portfolio components
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