AQWA vs. IH2O.L
Compare and contrast key facts about Global X Clean Water ETF (AQWA) and iShares Global Water UCITS ETF (IH2O.L).
AQWA and IH2O.L 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. IH2O.L is a passively managed fund by iShares that tracks the performance of the S&P Global Water TR. It was launched on Mar 16, 2007. Both AQWA and IH2O.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AQWA vs. IH2O.L - Performance Comparison
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AQWA vs. IH2O.L - 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% |
IH2O.L iShares Global Water UCITS ETF | 1.18% | 18.55% | 4.54% | 13.35% | -20.63% | 20.72% |
Different Trading Currencies
AQWA is traded in USD, while IH2O.L is traded in GBp. To make them comparable, the IH2O.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AQWA achieves a 2.38% return, which is significantly higher than IH2O.L's 1.18% return.
AQWA
- 1D
- 1.25%
- 1M
- -7.26%
- YTD
- 2.38%
- 6M
- -0.13%
- 1Y
- 14.19%
- 3Y*
- 11.24%
- 5Y*
- —
- 10Y*
- —
IH2O.L
- 1D
- 2.27%
- 1M
- -5.40%
- YTD
- 1.18%
- 6M
- 1.64%
- 1Y
- 16.55%
- 3Y*
- 10.65%
- 5Y*
- 7.05%
- 10Y*
- 10.69%
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AQWA vs. IH2O.L - Expense Ratio Comparison
AQWA has a 0.50% expense ratio, which is lower than IH2O.L's 0.65% expense ratio.
Return for Risk
AQWA vs. IH2O.L — Risk / Return Rank
AQWA
IH2O.L
AQWA vs. IH2O.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and iShares Global Water UCITS ETF (IH2O.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.
| AQWA | IH2O.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.11 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.53 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.67 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.17 | 5.19 | -1.03 |
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 | IH2O.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.11 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.42 | -0.05 |
Correlation
The correlation between AQWA and IH2O.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AQWA vs. IH2O.L - Dividend Comparison
AQWA's dividend yield for the trailing twelve months is around 1.44%, less than IH2O.L's 1.74% 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% |
IH2O.L iShares Global Water UCITS ETF | 1.74% | 1.78% | 1.34% | 1.51% | 1.32% | 2.25% | 1.29% | 1.84% | 2.30% | 1.98% | 2.17% | 2.45% |
Drawdowns
AQWA vs. IH2O.L - Drawdown Comparison
The maximum AQWA drawdown since its inception was -29.44%, smaller than the maximum IH2O.L drawdown of -54.71%. Use the drawdown chart below to compare losses from any high point for AQWA and IH2O.L.
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Drawdown Indicators
| AQWA | IH2O.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -35.40% | +5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -8.60% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.16% | — |
Current DrawdownCurrent decline from peak | -8.04% | -5.44% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -5.77% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.71% | +0.80% |
Volatility
AQWA vs. IH2O.L - Volatility Comparison
Global X Clean Water ETF (AQWA) has a higher volatility of 5.57% compared to iShares Global Water UCITS ETF (IH2O.L) at 4.94%. This indicates that AQWA's price experiences larger fluctuations and is considered to be riskier than IH2O.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 | IH2O.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 4.94% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 9.33% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 14.90% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 16.33% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 16.51% | +0.16% |