AKWA.DE vs. AUDUSD=X
AKWA.DE (Global X Clean Water UCITS ETF) is Water Equities fund tracking the Solactive Global Clean Water Industry, while AUDUSD=X (AUD/USD) is a currency. Over the past 3 years, AKWA.DE returned 7.49%/yr vs -0.69%/yr for AUDUSD=X. At a 0.27 correlation, their price movements are largely independent.
Performance
AKWA.DE vs. AUDUSD=X - Performance Comparison
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Different Trading Currencies
AKWA.DE is traded in EUR, while AUDUSD=X is traded in USD. To make them comparable, the AUDUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AKWA.DE achieves a -0.44% return, which is significantly lower than AUDUSD=X's 7.54% return.
AKWA.DE
- 1D
- -0.50%
- 1M
- -2.56%
- YTD
- -0.44%
- 6M
- -2.47%
- 1Y
- -0.28%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
AUDUSD=X
- 1D
- -0.54%
- 1M
- -0.82%
- YTD
- 7.54%
- 6M
- 7.13%
- 1Y
- 7.48%
- 3Y*
- -0.69%
- 5Y*
- -0.81%
- 10Y*
- -0.72%
AKWA.DE vs. AUDUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AKWA.DE Global X Clean Water UCITS ETF | -0.44% | 0.80% | 12.17% | 20.84% | -15.13% | -0.34% |
AUDUSD=X AUD/USD | 7.54% | -4.98% | -3.12% | -3.06% | -0.46% | 1.04% |
Correlation
The correlation between AKWA.DE and AUDUSD=X is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.27 |
The correlation between AKWA.DE and AUDUSD=X shifts across timeframes, from 0.13 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AKWA.DE vs. AUDUSD=X — Risk / Return Rank
AKWA.DE
AUDUSD=X
AKWA.DE vs. AUDUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water UCITS ETF (AKWA.DE) and AUD/USD (AUDUSD=X). 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.
| AKWA.DE | AUDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.73 | -1.77 |
| Martin ratioReturn relative to average drawdown | -0.11 | 3.86 | -3.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AKWA.DE | AUDUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.05 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.01 | +0.19 |
Drawdowns
AKWA.DE vs. AUDUSD=X - Drawdown Comparison
The maximum AKWA.DE drawdown since its inception was -23.07%, smaller than the maximum AUDUSD=X drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for AKWA.DE and AUDUSD=X.
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Drawdown Indicators
| AKWA.DE | AUDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -38.51% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -3.47% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -13.48% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.52% | — |
Current DrawdownCurrent decline from peak | -8.54% | -28.95% | +20.41% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -19.93% | +12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 1.12% | +3.00% |
Volatility
AKWA.DE vs. AUDUSD=X - Volatility Comparison
Global X Clean Water UCITS ETF (AKWA.DE) has a higher volatility of 3.85% compared to AUD/USD (AUDUSD=X) at 1.42%. This indicates that AKWA.DE's price experiences larger fluctuations and is considered to be riskier than AUDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AKWA.DE | AUDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 1.42% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 4.25% | +5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 5.69% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 7.71% | +8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 7.84% | +8.18% |
Frequently Asked Questions
AKWA.DE and AUDUSD=X have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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