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

Key characteristics


AQWAPIO
YTD Return12.31%5.87%
1Y Return26.22%23.80%
3Y Return (Ann)3.32%0.03%
Sharpe Ratio1.881.69
Sortino Ratio2.712.34
Omega Ratio1.321.29
Calmar Ratio1.901.22
Martin Ratio8.626.69
Ulcer Index3.20%3.80%
Daily Std Dev14.65%15.08%
Max Drawdown-29.44%-64.91%
Current Drawdown-1.56%-3.90%

Correlation

-0.50.00.51.00.8

The correlation between AQWA and PIO is 0.84, 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. PIO - Performance Comparison

In the year-to-date period, AQWA achieves a 12.31% return, which is significantly higher than PIO's 5.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-8.00%-6.00%-4.00%-2.00%0.00%2.00%4.00%JuneJulyAugustSeptemberOctoberNovember
1.49%
-2.52%
AQWA
PIO

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


AQWA vs. PIO - Expense Ratio Comparison

AQWA has a 0.50% expense ratio, which is lower than PIO's 0.75% expense ratio.


PIO
Invesco Global Water ETF
Expense ratio chart for PIO: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
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. PIO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and Invesco Global Water ETF (PIO). 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 1.88, compared to the broader market-2.000.002.004.006.001.88
Sortino ratio
The chart of Sortino ratio for AQWA, currently valued at 2.71, compared to the broader market0.005.0010.002.71
Omega ratio
The chart of Omega ratio for AQWA, currently valued at 1.32, compared to the broader market1.001.502.002.503.001.32
Calmar ratio
The chart of Calmar ratio for AQWA, currently valued at 1.90, compared to the broader market0.005.0010.0015.001.90
Martin ratio
The chart of Martin ratio for AQWA, currently valued at 8.62, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.62
PIO
Sharpe ratio
The chart of Sharpe ratio for PIO, currently valued at 1.69, compared to the broader market-2.000.002.004.006.001.69
Sortino ratio
The chart of Sortino ratio for PIO, currently valued at 2.34, compared to the broader market0.005.0010.002.34
Omega ratio
The chart of Omega ratio for PIO, currently valued at 1.29, compared to the broader market1.001.502.002.503.001.29
Calmar ratio
The chart of Calmar ratio for PIO, currently valued at 1.22, compared to the broader market0.005.0010.0015.001.22
Martin ratio
The chart of Martin ratio for PIO, currently valued at 6.69, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.69

AQWA vs. PIO - Sharpe Ratio Comparison

The current AQWA Sharpe Ratio is 1.88, which is comparable to the PIO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of AQWA and PIO, 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 Ratio1.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.88
1.69
AQWA
PIO

Dividends

AQWA vs. PIO - Dividend Comparison

AQWA's dividend yield for the trailing twelve months is around 1.24%, more than PIO's 0.82% yield.


TTM20232022202120202019201820172016201520142013
AQWA
Global X Clean Water ETF
1.24%1.53%1.56%1.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PIO
Invesco Global Water ETF
0.82%0.84%1.02%1.19%0.88%1.19%2.00%1.00%1.45%1.62%1.42%1.50%

Drawdowns

AQWA vs. PIO - Drawdown Comparison

The maximum AQWA drawdown since its inception was -29.44%, smaller than the maximum PIO drawdown of -64.91%. Use the drawdown chart below to compare losses from any high point for AQWA and PIO. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.56%
-3.90%
AQWA
PIO

Volatility

AQWA vs. PIO - Volatility Comparison

Global X Clean Water ETF (AQWA) has a higher volatility of 4.57% compared to Invesco Global Water ETF (PIO) at 3.85%. This indicates that AQWA's price experiences larger fluctuations and is considered to be riskier than PIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.57%
3.85%
AQWA
PIO