AQWA vs. CFWAX
Compare and contrast key facts about Global X Clean Water ETF (AQWA) and Calvert Global Water Fund (CFWAX).
AQWA is a passively managed fund by Global X that tracks the performance of the Solactive Global Clean Water Industry Index. It was launched on Apr 8, 2021. CFWAX is managed by Calvert Research and Management. It was launched on Sep 29, 2008.
Performance
AQWA vs. CFWAX - Performance Comparison
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AQWA vs. CFWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AQWA Global X Clean Water ETF | 2.38% | 13.15% | 4.34% | 20.13% | -19.89% | 15.85% |
CFWAX Calvert Global Water Fund | 0.82% | 14.38% | 3.91% | 18.34% | -19.63% | 11.54% |
Returns By Period
In the year-to-date period, AQWA achieves a 2.38% return, which is significantly higher than CFWAX's 0.82% return.
AQWA
- 1D
- 1.25%
- 1M
- -7.26%
- YTD
- 2.38%
- 6M
- -0.13%
- 1Y
- 14.19%
- 3Y*
- 11.24%
- 5Y*
- —
- 10Y*
- —
CFWAX
- 1D
- 2.22%
- 1M
- -8.15%
- YTD
- 0.82%
- 6M
- 0.15%
- 1Y
- 14.55%
- 3Y*
- 9.57%
- 5Y*
- 5.32%
- 10Y*
- 8.68%
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AQWA vs. CFWAX - Expense Ratio Comparison
AQWA has a 0.50% expense ratio, which is lower than CFWAX's 1.24% expense ratio.
Return for Risk
AQWA vs. CFWAX — Risk / Return Rank
AQWA
CFWAX
AQWA vs. CFWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and Calvert Global Water Fund (CFWAX). 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.
| AQWA | CFWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.97 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.46 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.15 | +0.13 |
Martin ratioReturn relative to average drawdown | 4.17 | 4.32 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AQWA | CFWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.97 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.39 | -0.02 |
Correlation
The correlation between AQWA and CFWAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AQWA vs. CFWAX - Dividend Comparison
AQWA's dividend yield for the trailing twelve months is around 1.44%, less than CFWAX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQWA Global X Clean Water ETF | 1.44% | 1.47% | 1.40% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CFWAX Calvert Global Water Fund | 4.73% | 4.77% | 9.25% | 2.57% | 1.47% | 0.93% | 0.77% | 0.83% | 1.30% | 0.93% | 0.00% | 0.03% |
Drawdowns
AQWA vs. CFWAX - Drawdown Comparison
The maximum AQWA drawdown since its inception was -29.44%, smaller than the maximum CFWAX drawdown of -39.67%. Use the drawdown chart below to compare losses from any high point for AQWA and CFWAX.
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Drawdown Indicators
| AQWA | CFWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -39.67% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -12.79% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.25% | — |
Current DrawdownCurrent decline from peak | -8.04% | -10.01% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -7.98% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.40% | +0.11% |
Volatility
AQWA vs. CFWAX - Volatility Comparison
The current volatility for Global X Clean Water ETF (AQWA) is 5.57%, while Calvert Global Water Fund (CFWAX) has a volatility of 5.98%. This indicates that AQWA experiences smaller price fluctuations and is considered to be less risky than CFWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQWA | CFWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 5.98% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 9.86% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 15.63% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 15.61% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 16.87% | -0.20% |