AKWA.DE vs. QQQ
Compare and contrast key facts about Global X Clean Water UCITS ETF (AKWA.DE) and Invesco QQQ (QQQ).
AKWA.DE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both AKWA.DE and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AKWA.DE or QQQ.
Correlation
The correlation between AKWA.DE and QQQ is 0.42, 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. QQQ - Performance Comparison
Key characteristics
AKWA.DE:
0.99
QQQ:
1.64
AKWA.DE:
1.49
QQQ:
2.19
AKWA.DE:
1.18
QQQ:
1.30
AKWA.DE:
1.31
QQQ:
2.16
AKWA.DE:
2.88
QQQ:
7.79
AKWA.DE:
4.80%
QQQ:
3.76%
AKWA.DE:
13.93%
QQQ:
17.85%
AKWA.DE:
-15.04%
QQQ:
-82.98%
AKWA.DE:
-6.53%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, AKWA.DE achieves a 13.68% return, which is significantly lower than QQQ's 27.20% return.
AKWA.DE
13.68%
-3.00%
3.17%
14.85%
N/A
N/A
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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AKWA.DE vs. QQQ - Expense Ratio Comparison
AKWA.DE has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AKWA.DE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water UCITS ETF (AKWA.DE) and Invesco QQQ (QQQ). 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.
Dividends
AKWA.DE vs. QQQ - Dividend Comparison
AKWA.DE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AKWA.DE vs. QQQ - Drawdown Comparison
The maximum AKWA.DE drawdown since its inception was -15.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AKWA.DE and QQQ. For additional features, visit the drawdowns tool.
Volatility
AKWA.DE vs. QQQ - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AKWA.DE) is 4.01%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that AKWA.DE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.