AQWA.L vs. URNU.L
AQWA.L (Global X Clean Water UCITS ETF USD Acc) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - AQWA.L is a Water Equities fund tracking the Solactive Global Clean Water Industry v2 Index, while URNU.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, AQWA.L returned 9.63%/yr vs 29.18%/yr for URNU.L. At a 0.36 correlation, their price movements are largely independent. AQWA.L charges 0.50%/yr vs 0.65%/yr for URNU.L.
Performance
AQWA.L vs. URNU.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 URNU.L's -5.06% return.
AQWA.L
- 1D
- -0.48%
- 1M
- 1.43%
- 6M
- -0.91%
- YTD
- 1.75%
- 1Y
- 2.14%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -2.10%
- 1M
- -16.13%
- 6M
- -22.49%
- YTD
- -5.06%
- 1Y
- 10.20%
- 3Y*
- 29.18%
- 5Y*
- —
- 10Y*
- —
AQWA.L vs. URNU.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% | 6.25% |
URNU.L Global X Uranium UCITS ETF USD Acc | -5.06% | 70.50% | 1.19% | 39.91% | 9.76% |
Correlation
The correlation between AQWA.L and URNU.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.36 |
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Return for Risk
AQWA.L vs. URNU.L — Risk / Return Rank
AQWA.L
URNU.L
AQWA.L vs. URNU.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 Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.31 | +0.02 |
| Martin ratioReturn relative to average drawdown | 0.69 | 0.62 | +0.07 |
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Drawdowns
AQWA.L vs. URNU.L - Drawdown Comparison
The maximum AQWA.L drawdown since its inception was -28.61%, smaller than the maximum URNU.L drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for AQWA.L and URNU.L.
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Drawdown Indicators
| AQWA.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -38.66% | +10.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -33.08% | +21.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -38.66% | +21.31% |
Current DrawdownCurrent decline from peak | -7.72% | -32.58% | +24.86% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -11.77% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 16.37% | -10.81% |
Volatility
AQWA.L vs. URNU.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 Acc (URNU.L) has a volatility of 10.24%. This indicates that AQWA.L experiences smaller price fluctuations and is considered to be less risky than URNU.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 | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 10.24% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 35.98% | -24.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 50.88% | -35.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 41.39% | -24.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 41.39% | -24.07% |
AQWA.L vs. URNU.L - Expense Ratio Comparison
AQWA.L has a 0.50% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
AQWA.L vs. URNU.L - Dividend Comparison
Neither AQWA.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
AQWA.L and URNU.L have a correlation of 0.32, 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 URNU.L.
AQWA.L is categorized as Water Equities, while URNU.L is Uranium. AQWA.L tracks Solactive Global Clean Water Industry v2 Index, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. Their fees differ too: 0.50% for AQWA.L and 0.65% for URNU.L.
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