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 8.59%/yr vs 0.48%/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 5.83% return, which is significantly lower than AUDUSD=X's 7.97% return.
AKWA.DE
- 1D
- 0.00%
- 1M
- 2.33%
- 6M
- 0.47%
- YTD
- 5.83%
- 1Y
- 5.06%
- 3Y*
- 8.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.46%
AUDUSD=X
- 1D
- 0.36%
- 1M
- 0.34%
- 6M
- 6.39%
- YTD
- 7.97%
- 1Y
- 9.50%
- 3Y*
- 0.48%
- 5Y*
- -0.33%
- 10Y*
- -1.01%
- ALL TIME*
- -0.11%
AKWA.DE vs. AUDUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AKWA.DE Global X Clean Water UCITS ETF | 5.83% | 0.80% | 12.17% | 20.84% | -15.13% | -0.36% |
AUDUSD=X AUD/USD | 7.97% | -4.98% | -3.12% | -3.06% | -0.46% | 1.16% |
Correlation
The correlation between AKWA.DE and AUDUSD=X is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.27 |
The correlation between AKWA.DE and AUDUSD=X shifts across timeframes, from 0.12 (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.
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.
| AKWA.DE | AUDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.25 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.19 | -1.67 |
| Martin ratioReturn relative to average drawdown | 1.15 | 6.09 | -4.93 |
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Drawdowns
AKWA.DE vs. AUDUSD=X - Drawdown Comparison
The maximum AKWA.DE drawdown since its inception was -23.09%, 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 | -23.09% | -38.51% | +15.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -3.47% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -12.79% | -7.20% |
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 | -2.77% | -28.67% | +25.90% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -20.15% | +12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.28% | +3.11% |
Volatility
AKWA.DE vs. AUDUSD=X - Volatility Comparison
Global X Clean Water UCITS ETF (AKWA.DE) has a higher volatility of 4.57% compared to AUD/USD (AUDUSD=X) at 1.14%. 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 | 4.57% | 1.14% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 3.68% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 5.52% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 7.67% | +8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 7.79% | +8.24% |
Frequently Asked Questions
AKWA.DE and AUDUSD=X have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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