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AQWA vs. CGW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

AQWA vs. CGW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Clean Water ETF (AQWA) and Invesco S&P Global Water Index ETF (CGW). The values are adjusted to include any dividend payments, if applicable.

10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
22.55%
19.26%
AQWA
CGW

Returns By Period

The year-to-date returns for both investments are quite close, with AQWA having a 9.91% return and CGW slightly higher at 10.02%.


AQWA

YTD

9.91%

1M

-3.06%

6M

-1.38%

1Y

18.76%

5Y (annualized)

N/A

10Y (annualized)

N/A

CGW

YTD

10.02%

1M

-3.78%

6M

-2.18%

1Y

18.77%

5Y (annualized)

9.76%

10Y (annualized)

9.21%

Key characteristics


AQWACGW
Sharpe Ratio1.361.43
Sortino Ratio1.962.06
Omega Ratio1.231.25
Calmar Ratio1.711.14
Martin Ratio6.006.56
Ulcer Index3.23%2.98%
Daily Std Dev14.22%13.70%
Max Drawdown-29.44%-57.24%
Current Drawdown-3.66%-4.71%

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AQWA vs. CGW - Expense Ratio Comparison

AQWA has a 0.50% expense ratio, which is lower than CGW's 0.57% expense ratio.


CGW
Invesco S&P Global Water Index ETF
Expense ratio chart for CGW: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for AQWA: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Correlation

-0.50.00.51.00.9

The correlation between AQWA and CGW is 0.92, 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.

Risk-Adjusted Performance

AQWA vs. CGW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and Invesco S&P Global Water Index ETF (CGW). 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.


Sharpe ratio
The chart of Sharpe ratio for AQWA, currently valued at 1.36, compared to the broader market0.002.004.006.001.361.43
The chart of Sortino ratio for AQWA, currently valued at 1.96, compared to the broader market-2.000.002.004.006.008.0010.0012.001.962.06
The chart of Omega ratio for AQWA, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.25
The chart of Calmar ratio for AQWA, currently valued at 1.71, compared to the broader market0.005.0010.0015.001.711.14
The chart of Martin ratio for AQWA, currently valued at 6.00, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.006.56
AQWA
CGW

The current AQWA Sharpe Ratio is 1.36, which is comparable to the CGW Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of AQWA and CGW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.36
1.43
AQWA
CGW

Dividends

AQWA vs. CGW - Dividend Comparison

AQWA's dividend yield for the trailing twelve months is around 1.26%, less than CGW's 1.41% yield.


TTM20232022202120202019201820172016201520142013
AQWA
Global X Clean Water ETF
1.26%1.53%1.56%1.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CGW
Invesco S&P Global Water Index ETF
1.41%1.55%1.45%1.59%1.41%1.48%2.14%1.71%1.65%1.67%1.77%1.52%

Drawdowns

AQWA vs. CGW - Drawdown Comparison

The maximum AQWA drawdown since its inception was -29.44%, smaller than the maximum CGW drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for AQWA and CGW. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.66%
-4.71%
AQWA
CGW

Volatility

AQWA vs. CGW - Volatility Comparison

Global X Clean Water ETF (AQWA) has a higher volatility of 4.27% compared to Invesco S&P Global Water Index ETF (CGW) at 3.85%. This indicates that AQWA's price experiences larger fluctuations and is considered to be riskier than CGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.27%
3.85%
AQWA
CGW