AQWA.L vs. URND.L
AQWA.L (Global X Clean Water UCITS ETF USD Acc) and URND.L (Global X Uranium UCITS ETF USD Distributing) are both exchange-traded funds - AQWA.L is a Water Equities fund tracking the Solactive Global Clean Water Industry v2 Index, while URND.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, AQWA.L returned 9.63%/yr vs 27.93%/yr for URND.L. At a 0.30 correlation, their price movements are largely independent. AQWA.L charges 0.50%/yr vs 0.65%/yr for URND.L.
Performance
AQWA.L vs. URND.L - Performance Comparison
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Returns By Period
In the year-to-date period, AQWA.L achieves a 1.75% return, which is significantly higher than URND.L's -5.27% return.
AQWA.L
- 1D
- -0.48%
- 1M
- 1.43%
- 6M
- -0.91%
- YTD
- 1.75%
- 1Y
- 2.14%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
URND.L
- 1D
- -2.42%
- 1M
- -16.21%
- 6M
- -22.59%
- YTD
- -5.27%
- 1Y
- 9.07%
- 3Y*
- 27.93%
- 5Y*
- —
- 10Y*
- —
AQWA.L vs. URND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AQWA.L Global X Clean Water UCITS ETF USD Acc | 1.75% | 12.96% | 5.98% | 25.16% | 3.88% |
URND.L Global X Uranium UCITS ETF USD Distributing | -5.27% | 58.56% | 3.00% | 32.59% | -5.08% |
Correlation
The correlation between AQWA.L and URND.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.30 |
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Return for Risk
AQWA.L vs. URND.L — Risk / Return Rank
AQWA.L
URND.L
AQWA.L vs. URND.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 Uranium UCITS ETF USD Distributing (URND.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 | URND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.28 | +0.04 |
| Martin ratioReturn relative to average drawdown | 0.69 | 0.59 | +0.10 |
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Drawdowns
AQWA.L vs. URND.L - Drawdown Comparison
The maximum AQWA.L drawdown since its inception was -28.61%, smaller than the maximum URND.L drawdown of -39.03%. Use the drawdown chart below to compare losses from any high point for AQWA.L and URND.L.
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Drawdown Indicators
| AQWA.L | URND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -39.03% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -32.00% | +20.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -39.03% | +21.68% |
Current DrawdownCurrent decline from peak | -7.72% | -31.31% | +23.59% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -11.55% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 15.44% | -9.88% |
Volatility
AQWA.L vs. URND.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF USD Acc (AQWA.L) is 4.21%, while Global X Uranium UCITS ETF USD Distributing (URND.L) has a volatility of 10.52%. This indicates that AQWA.L experiences smaller price fluctuations and is considered to be less risky than URND.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 | URND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 10.52% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 34.40% | -22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 50.28% | -35.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 39.74% | -22.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 39.74% | -22.42% |
AQWA.L vs. URND.L - Expense Ratio Comparison
AQWA.L has a 0.50% expense ratio, which is lower than URND.L's 0.65% expense ratio.
Dividends
AQWA.L vs. URND.L - Dividend Comparison
AQWA.L has not paid dividends to shareholders, while URND.L's dividend yield for the trailing twelve months is around 0.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AQWA.L Global X Clean Water UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URND.L Global X Uranium UCITS ETF USD Distributing | 0.16% | 0.00% | 0.93% | 0.00% | 0.02% |
Frequently Asked Questions
AQWA.L and URND.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AQWA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AQWA.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URND.L.
AQWA.L is categorized as Water Equities, while URND.L is Uranium. AQWA.L tracks Solactive Global Clean Water Industry v2 Index, while URND.L tracks Solactive Global Uranium & Nuclear Components. Their fees differ too: 0.50% for AQWA.L and 0.65% for URND.L.
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