AQWA.L vs. AQWG.L
AQWA.L (Global X Clean Water UCITS ETF USD Acc) and AQWG.L (Global X Clean Water UCITS ETF) are both Water Equities funds from Global X - AQWA.L tracks the Solactive Global Clean Water Industry v2 Index while AQWG.L tracks the S&P Global Water TR. Both are passively managed. Over the past 3 years, AQWA.L returned 9.63%/yr vs 10.39%/yr for AQWG.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
AQWA.L vs. AQWG.L - Performance Comparison
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Different Trading Currencies
AQWA.L is traded in USD, while AQWG.L is traded in GBP. To make them comparable, the AQWG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AQWA.L achieves a 1.75% return, which is significantly lower than AQWG.L's 3.10% return.
AQWA.L
- 1D
- -0.48%
- 1M
- 1.43%
- 6M
- -0.91%
- YTD
- 1.75%
- 1Y
- 2.14%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
AQWG.L
- 1D
- 0.00%
- 1M
- 2.74%
- 6M
- 0.38%
- YTD
- 3.10%
- 1Y
- 3.81%
- 3Y*
- 10.39%
- 5Y*
- —
- 10Y*
- —
AQWA.L vs. AQWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AQWA.L Global X Clean Water UCITS ETF USD Acc | 1.75% | 12.96% | 5.98% | 25.16% | -19.37% | 2.68% |
AQWG.L Global X Clean Water UCITS ETF | 3.10% | 13.10% | 5.99% | 24.49% | -19.54% | 4.95% |
Correlation
The correlation between AQWA.L and AQWG.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.92 |
The correlation between AQWA.L and AQWG.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
AQWA.L vs. AQWG.L — Risk / Return Rank
AQWA.L
AQWG.L
AQWA.L vs. AQWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water UCITS ETF USD Acc (AQWA.L) and Global X Clean Water UCITS ETF (AQWG.L). 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.
| AQWA.L | AQWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.31 | +0.01 |
| Martin ratioReturn relative to average drawdown | 0.69 | 0.68 | +0.01 |
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Drawdowns
AQWA.L vs. AQWG.L - Drawdown Comparison
The maximum AQWA.L drawdown since its inception was -28.61%, roughly equal to the maximum AQWG.L drawdown of -28.70%. Use the drawdown chart below to compare losses from any high point for AQWA.L and AQWG.L.
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Drawdown Indicators
| AQWA.L | AQWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -28.70% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -12.29% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -17.37% | +0.02% |
Current DrawdownCurrent decline from peak | -7.72% | -6.67% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -9.37% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 5.59% | -0.03% |
Volatility
AQWA.L vs. AQWG.L - Volatility Comparison
Global X Clean Water UCITS ETF USD Acc (AQWA.L) has a higher volatility of 4.21% compared to Global X Clean Water UCITS ETF (AQWG.L) at 3.78%. This indicates that AQWA.L's price experiences larger fluctuations and is considered to be riskier than AQWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQWA.L | AQWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.78% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 11.22% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 14.35% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 17.06% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 17.06% | +0.26% |
AQWA.L vs. AQWG.L - Expense Ratio Comparison
Both AQWA.L and AQWG.L have an expense ratio of 0.50%.
Dividends
AQWA.L vs. AQWG.L - Dividend Comparison
Neither AQWA.L nor AQWG.L has paid dividends to shareholders.
Frequently Asked Questions
AQWA.L and AQWG.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AQWA.L and AQWG.L have the same expense ratio: 0.50% per year.
AQWA.L tracks Solactive Global Clean Water Industry v2 Index, while AQWG.L tracks S&P Global Water TR.
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