AQWA vs. VLTO
AQWA (Global X Clean Water ETF) is Water Equities fund tracking the Solactive Global Clean Water Industry Index, while VLTO (Veralto Corporation) is a stock. Over the past year, AQWA returned 2.09% vs -8.36% for VLTO. At a 0.47 correlation, their price movements are largely independent.
Performance
AQWA vs. VLTO - Performance Comparison
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Returns By Period
In the year-to-date period, AQWA achieves a 2.91% return, which is significantly higher than VLTO's -6.61% return.
AQWA
- 1D
- -0.46%
- 1M
- 2.49%
- 6M
- -0.31%
- YTD
- 2.91%
- 1Y
- 2.09%
- 3Y*
- 8.81%
- 5Y*
- 5.11%
- 10Y*
- —
VLTO
- 1D
- 0.23%
- 1M
- 11.62%
- 6M
- -8.55%
- YTD
- -6.61%
- 1Y
- -8.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AQWA vs. VLTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AQWA Global X Clean Water ETF | 2.91% | 13.15% | 4.34% | 18.95% |
VLTO Veralto Corporation | -6.61% | -1.58% | 24.29% | 7.41% |
Correlation
The correlation between AQWA and VLTO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.47 |
The correlation between AQWA and VLTO shifts across timeframes, from 0.37 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AQWA vs. VLTO — Risk / Return Rank
AQWA
VLTO
AQWA vs. VLTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water ETF (AQWA) and Veralto Corporation (VLTO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQWA | VLTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.95 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.34 | +0.51 |
| Martin ratioReturn relative to average drawdown | 0.37 | -0.63 | +1.00 |
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Drawdowns
AQWA vs. VLTO - Drawdown Comparison
The maximum AQWA drawdown since its inception was -29.44%, which is greater than VLTO's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for AQWA and VLTO.
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Drawdown Indicators
| AQWA | VLTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -27.09% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -24.79% | +12.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | — | — |
Current DrawdownCurrent decline from peak | -7.56% | -17.50% | +9.94% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -9.34% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 13.35% | -7.74% |
Volatility
AQWA vs. VLTO - Volatility Comparison
The current volatility for Global X Clean Water ETF (AQWA) is 4.88%, while Veralto Corporation (VLTO) has a volatility of 5.97%. This indicates that AQWA experiences smaller price fluctuations and is considered to be less risky than VLTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQWA | VLTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 5.97% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 17.47% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 21.63% | -6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 22.79% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 22.79% | -6.15% |
Dividends
AQWA vs. VLTO - Dividend Comparison
AQWA's dividend yield for the trailing twelve months is around 1.56%, more than VLTO's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AQWA Global X Clean Water ETF | 1.56% | 1.47% | 1.40% | 1.53% | 1.56% | 1.20% |
VLTO Veralto Corporation | 0.54% | 0.46% | 0.37% | 0.11% | 0.00% | 0.00% |
Frequently Asked Questions
AQWA and VLTO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLTO has higher volatility (5.97%) compared to AQWA (4.88%). In terms of maximum drawdown, AQWA dropped -29.44% vs VLTO's -27.09%.
AQWA currently has the higher Sharpe Ratio (0.14 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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