AQWA vs. SPY
Compare and contrast key facts about Global X Clean Water ETF (AQWA) and SPDR S&P 500 ETF (SPY).
AQWA and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AQWA and SPY 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 SPY.
Key characteristics
| AQWA | SPY | |
|---|---|---|
| YTD Return | 10.47% | 26.83% |
| 1Y Return | 19.70% | 34.88% |
| 3Y Return (Ann) | 2.74% | 10.16% |
| Sharpe Ratio | 1.66 | 3.08 |
| Sortino Ratio | 2.40 | 4.10 |
| Omega Ratio | 1.28 | 1.58 |
| Calmar Ratio | 2.14 | 4.46 |
| Martin Ratio | 7.58 | 20.22 |
| Ulcer Index | 3.22% | 1.85% |
| Daily Std Dev | 14.72% | 12.18% |
| Max Drawdown | -29.44% | -55.19% |
| Current Drawdown | -3.18% | -0.26% |
Correlation
The correlation between AQWA and SPY is 0.74, 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. SPY - Performance Comparison
In the year-to-date period, AQWA achieves a 10.47% return, which is significantly lower than SPY's 26.83% return. 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. SPY - Expense Ratio Comparison
AQWA has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AQWA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AQWA's dividend yield for the trailing twelve months is around 1.26%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AQWA vs. SPY - Drawdown Comparison
The maximum AQWA drawdown since its inception was -29.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AQWA and SPY. For additional features, visit the drawdowns tool.
Volatility
AQWA vs. SPY - Volatility Comparison
Global X Clean Water ETF (AQWA) has a higher volatility of 4.52% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that AQWA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.