AKWA.DE vs. FTGC

Last updated Jun 5, 2026

AKWA.DE (Global X Clean Water UCITS ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - AKWA.DE is a Water Equities fund tracking the Solactive Global Clean Water Industry, while FTGC is a Commodities fund actively managed by First Trust. AKWA.DE is passively managed, while FTGC is actively managed. Over the past 3 years, AKWA.DE returned 7.49%/yr vs 14.67%/yr for FTGC. At a 0.07 correlation, their price movements are largely independent. AKWA.DE charges 0.50%/yr vs 0.95%/yr for FTGC.

Performance

AKWA.DE vs. FTGC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Clean Water UCITS ETF (AKWA.DE) and First Trust Global Tactical Commodity Strategy Fund (FTGC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AKWA.DE is traded in EUR, while FTGC is traded in USD. To make them comparable, the FTGC 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 FTGC's 27.59% return.

AKWA.DE

• 1D: -0.50%
• 1M: -1.77%
• YTD: -0.44%
• 6M: -2.43%
• 1Y: -0.46%
• 3Y*: 7.49%
• 5Y*: —
• 10Y*: —

FTGC

• 1D: -0.93%
• 1M: -2.60%
• YTD: 27.59%
• 6M: 25.17%
• 1Y: 37.96%
• 3Y*: 14.67%
• 5Y*: 13.95%
• 10Y*: 7.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AKWA.DE vs. FTGC - 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%
FTGC First Trust Global Tactical Commodity Strategy Fund	27.59%	1.01%	17.22%	-8.20%	24.63%	2.35%

Correlation

The correlation between AKWA.DE and FTGC is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.07

The correlation between AKWA.DE and FTGC shifts across timeframes, from -0.14 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AKWA.DE vs. FTGC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AKWA.DE

AKWA.DE Risk / Return Rank: 9
AKWA.DE Sharpe Ratio Rank: 9
AKWA.DE Sortino Ratio Rank: 8
AKWA.DE Omega Ratio Rank: 8
AKWA.DE Calmar Ratio Rank: 9
AKWA.DE Martin Ratio Rank: 9

FTGC

FTGC Risk / Return Rank: 81
FTGC Sharpe Ratio Rank: 81
FTGC Sortino Ratio Rank: 76
FTGC Omega Ratio Rank: 77
FTGC Calmar Ratio Rank: 88
FTGC Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AKWA.DE vs. FTGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water UCITS ETF (AKWA.DE) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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	FTGC	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	2.25	-2.28
Sortino ratio: Return per unit of downside risk	0.05	3.06	-3.01
Omega ratio: Gain probability vs. loss probability	1.01	1.39	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.05	5.46	-5.50
Martin ratio: Return relative to average drawdown	-0.11	13.71	-13.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AKWA.DE vs. FTGC - Sharpe Ratio Comparison

The current AKWA.DE Sharpe Ratio is -0.03, which is lower than the FTGC Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of AKWA.DE and FTGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AKWA.DE	FTGC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	2.25	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.31	-0.12

Drawdowns

AKWA.DE vs. FTGC - Drawdown Comparison

The maximum AKWA.DE drawdown since its inception was -23.07%, smaller than the maximum FTGC drawdown of -47.83%. Use the drawdown chart below to compare losses from any high point for AKWA.DE and FTGC.

Drawdown Indicators

	AKWA.DE	FTGC	Difference
Max Drawdown Largest peak-to-trough decline	-23.07%	-47.83%	+24.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-6.99%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.99%	-14.71%	-5.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.27%	—
Current Drawdown Current decline from peak	-8.54%	-4.40%	-4.14%
Average Drawdown Average peak-to-trough decline	-7.60%	-19.60%	+12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	2.78%	+1.34%

Volatility

AKWA.DE vs. FTGC - Volatility Comparison

The current volatility for Global X Clean Water UCITS ETF (AKWA.DE) is 3.85%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 4.75%. This indicates that AKWA.DE experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AKWA.DE	FTGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.75%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	13.85%	-3.78%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	16.99%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	16.84%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	15.44%	+0.58%

AKWA.DE vs. FTGC - Expense Ratio Comparison

AKWA.DE has a 0.50% expense ratio, which is lower than FTGC's 0.95% expense ratio.

Dividends

AKWA.DE vs. FTGC - Dividend Comparison

AKWA.DE has not paid dividends to shareholders, while FTGC's dividend yield for the trailing twelve months is around 15.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AKWA.DE Global X Clean Water UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTGC First Trust Global Tactical Commodity Strategy Fund	15.20%	17.74%	3.05%	3.34%	10.35%	7.21%	0.00%	0.81%	0.80%	1.21%

Frequently Asked Questions

Can I hold both AKWA.DE and FTGC in my portfolio?

AKWA.DE and FTGC 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.

Which ETF is better, AKWA.DE or FTGC?

On fees, AKWA.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AKWA.DE or FTGC?

AKWA.DE is cheaper with a 0.50% expense ratio, compared with 0.95% for FTGC.

What is the main difference between AKWA.DE and FTGC?

AKWA.DE is categorized as Water Equities, while FTGC is Commodities. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.50% for AKWA.DE and 0.95% for FTGC.