AQWA vs. CGW
Compare and contrast key facts about Global X Clean Water ETF (AQWA) and Invesco S&P Global Water Index ETF (CGW).
AQWA and CGW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CGW is a passively managed fund by Invesco that tracks the performance of the S&P Global Water Index. It was launched on May 14, 2007. Both AQWA and CGW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQWA or CGW.
Key characteristics
| AQWA | CGW | |
|---|---|---|
| YTD Return | 4.43% | 4.43% |
| 1Y Return | 18.03% | 12.25% |
| 3Y Return (Ann) | 4.32% | 3.32% |
| Sharpe Ratio | 1.36 | 0.85 |
| Daily Std Dev | 13.73% | 14.56% |
| Max Drawdown | -29.44% | -57.24% |
| Current Drawdown | -2.62% | -5.91% |
Correlation
The correlation between AQWA and CGW is 0.93, 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.
Performance
AQWA vs. CGW - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with AQWA at 4.43% and CGW at 4.43%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
AQWA vs. CGW - Dividend Comparison
AQWA's dividend yield for the trailing twelve months is around 1.47%, less than CGW's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQWA Global X Clean Water ETF | 1.47% | 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 | 1.49% | 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.
Volatility
AQWA vs. CGW - Volatility Comparison
The current volatility for Global X Clean Water ETF (AQWA) is 3.33%, while Invesco S&P Global Water Index ETF (CGW) has a volatility of 3.83%. This indicates that AQWA experiences smaller price fluctuations and is considered to be less risky than CGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.