AKWA.DE vs. ED3F.DE
AKWA.DE (Global X Clean Water UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - AKWA.DE is a Water Equities fund tracking the Solactive Global Clean Water Industry, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, AKWA.DE returned -0.28% vs -4.47% for ED3F.DE. At a 0.16 correlation, their price movements are largely independent. AKWA.DE charges 0.50%/yr vs 0.40%/yr for ED3F.DE.
Performance
AKWA.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AKWA.DE achieves a -0.44% return, which is significantly lower than ED3F.DE's 0.02% return.
AKWA.DE
- 1D
- -0.50%
- 1M
- -2.56%
- YTD
- -0.44%
- 6M
- -2.47%
- 1Y
- -0.28%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AKWA.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AKWA.DE Global X Clean Water UCITS ETF | -0.44% | 1.71% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between AKWA.DE and ED3F.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.16 |
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Return for Risk
AKWA.DE vs. ED3F.DE — Risk / Return Rank
AKWA.DE
ED3F.DE
AKWA.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water UCITS ETF (AKWA.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE). 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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.08 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.11 | -0.18 | +0.07 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | -0.06 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.15 | +0.04 |
Drawdowns
AKWA.DE vs. ED3F.DE - Drawdown Comparison
The maximum AKWA.DE drawdown since its inception was -23.07%, roughly equal to the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for AKWA.DE and ED3F.DE.
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Drawdown Indicators
| AKWA.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -23.91% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -23.91% | +14.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | — | — |
Current DrawdownCurrent decline from peak | -8.54% | -20.80% | +12.26% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -8.37% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 10.25% | -6.13% |
Volatility
AKWA.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AKWA.DE) is 3.85%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that AKWA.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE 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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 10.58% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 22.80% | -12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 30.60% | -17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 30.42% | -14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 30.42% | -14.40% |
AKWA.DE vs. ED3F.DE - Expense Ratio Comparison
AKWA.DE has a 0.50% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
AKWA.DE vs. ED3F.DE - Dividend Comparison
Neither AKWA.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
AKWA.DE and ED3F.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for AKWA.DE.
AKWA.DE is categorized as Water Equities, while ED3F.DE is Aerospace & Defense. AKWA.DE tracks Solactive Global Clean Water Industry, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. Their fees differ too: 0.50% for AKWA.DE and 0.40% for ED3F.DE.
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