AKWA.DE vs. AUDUSD=X
Compare and contrast key facts about Global X Clean Water UCITS ETF (AKWA.DE) and AUD/USD (AUDUSD=X).
AKWA.DE is a passively managed fund by Global X that tracks the performance of the Solactive Global Clean Water Industry. It was launched on Dec 7, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AKWA.DE or AUDUSD=X.
Correlation
The correlation between AKWA.DE and AUDUSD=X is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AKWA.DE vs. AUDUSD=X - Performance Comparison
Key characteristics
AKWA.DE:
0.91
AUDUSD=X:
-0.52
AKWA.DE:
1.38
AUDUSD=X:
-0.66
AKWA.DE:
1.17
AUDUSD=X:
0.92
AKWA.DE:
1.21
AUDUSD=X:
-0.07
AKWA.DE:
2.66
AUDUSD=X:
-1.20
AKWA.DE:
4.81%
AUDUSD=X:
3.46%
AKWA.DE:
13.92%
AUDUSD=X:
7.78%
AKWA.DE:
-15.04%
AUDUSD=X:
-67.80%
AKWA.DE:
-7.27%
AUDUSD=X:
-58.12%
Returns By Period
In the year-to-date period, AKWA.DE achieves a 12.77% return, which is significantly higher than AUDUSD=X's -8.47% return.
AKWA.DE
12.77%
-6.46%
2.92%
12.94%
N/A
N/A
AUDUSD=X
-8.47%
-4.61%
-6.20%
-8.28%
-2.01%
-2.48%
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Risk-Adjusted Performance
AKWA.DE vs. AUDUSD=X - Risk-Adjusted Performance 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.
Drawdowns
AKWA.DE vs. AUDUSD=X - Drawdown Comparison
The maximum AKWA.DE drawdown since its inception was -15.04%, smaller than the maximum AUDUSD=X drawdown of -67.80%. Use the drawdown chart below to compare losses from any high point for AKWA.DE and AUDUSD=X. For additional features, visit the drawdowns tool.
Volatility
AKWA.DE vs. AUDUSD=X - Volatility Comparison
Global X Clean Water UCITS ETF (AKWA.DE) has a higher volatility of 3.34% compared to AUD/USD (AUDUSD=X) at 2.72%. 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.