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

Key characteristics


AQWAEVX
YTD Return10.47%25.03%
1Y Return24.36%37.91%
3Y Return (Ann)2.74%6.95%
Sharpe Ratio1.642.62
Sortino Ratio2.383.60
Omega Ratio1.281.46
Calmar Ratio1.662.46
Martin Ratio7.5218.69
Ulcer Index3.21%2.00%
Daily Std Dev14.72%14.24%
Max Drawdown-29.44%-55.91%
Current Drawdown-3.18%-0.49%

Correlation

-0.50.00.51.00.8

The correlation between AQWA and EVX is 0.76, 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. EVX - Performance Comparison

In the year-to-date period, AQWA achieves a 10.47% return, which is significantly lower than EVX's 25.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
-0.17%
14.06%
AQWA
EVX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AQWA vs. EVX - Expense Ratio Comparison

AQWA has a 0.50% expense ratio, which is lower than EVX's 0.55% expense ratio.


EVX
VanEck Vectors Environmental Services ETF
Expense ratio chart for EVX: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
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%

Risk-Adjusted Performance

AQWA vs. EVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and VanEck Vectors Environmental Services ETF (EVX). 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
Sharpe ratio
The chart of Sharpe ratio for AQWA, currently valued at 1.64, compared to the broader market-2.000.002.004.001.64
Sortino ratio
The chart of Sortino ratio for AQWA, currently valued at 2.38, compared to the broader market0.005.0010.002.38
Omega ratio
The chart of Omega ratio for AQWA, currently valued at 1.28, compared to the broader market1.001.502.002.503.001.28
Calmar ratio
The chart of Calmar ratio for AQWA, currently valued at 1.66, compared to the broader market0.005.0010.0015.001.66
Martin ratio
The chart of Martin ratio for AQWA, currently valued at 7.52, compared to the broader market0.0020.0040.0060.0080.00100.007.52
EVX
Sharpe ratio
The chart of Sharpe ratio for EVX, currently valued at 2.62, compared to the broader market-2.000.002.004.002.62
Sortino ratio
The chart of Sortino ratio for EVX, currently valued at 3.60, compared to the broader market0.005.0010.003.60
Omega ratio
The chart of Omega ratio for EVX, currently valued at 1.46, compared to the broader market1.001.502.002.503.001.46
Calmar ratio
The chart of Calmar ratio for EVX, currently valued at 2.46, compared to the broader market0.005.0010.0015.002.46
Martin ratio
The chart of Martin ratio for EVX, currently valued at 18.69, compared to the broader market0.0020.0040.0060.0080.00100.0018.69

AQWA vs. EVX - Sharpe Ratio Comparison

The current AQWA Sharpe Ratio is 1.64, which is lower than the EVX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of AQWA and EVX, 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 Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.64
2.62
AQWA
EVX

Dividends

AQWA vs. EVX - Dividend Comparison

AQWA's dividend yield for the trailing twelve months is around 1.26%, more than EVX's 0.76% 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%
EVX
VanEck Vectors Environmental Services ETF
0.76%0.95%0.41%0.24%0.33%0.44%0.38%0.89%0.70%1.16%1.58%1.15%

Drawdowns

AQWA vs. EVX - Drawdown Comparison

The maximum AQWA drawdown since its inception was -29.44%, smaller than the maximum EVX drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for AQWA and EVX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.18%
-0.49%
AQWA
EVX

Volatility

AQWA vs. EVX - Volatility Comparison

Global X Clean Water ETF (AQWA) has a higher volatility of 4.54% compared to VanEck Vectors Environmental Services ETF (EVX) at 4.05%. This indicates that AQWA's price experiences larger fluctuations and is considered to be riskier than EVX 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
4.54%
4.05%
AQWA
EVX