AQWG.L vs. AQWA.L
AQWG.L (Global X Clean Water UCITS ETF) and AQWA.L (Global X Clean Water UCITS ETF USD Acc) are both Water Equities funds from Global X - AQWG.L tracks the S&P Global Water TR while AQWA.L tracks the Solactive Global Clean Water Industry v2 Index. Both are passively managed. Over the past 3 years, AQWG.L returned 9.59%/yr vs 8.56%/yr for AQWA.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
AQWG.L vs. AQWA.L - Performance Comparison
Loading charts...
Different Trading Currencies
AQWG.L is traded in GBP, while AQWA.L is traded in USD. To make them comparable, the AQWA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, AQWG.L achieves a 3.68% return, which is significantly higher than AQWA.L's 1.83% return.
AQWG.L
- 1D
- 0.00%
- 1M
- 2.98%
- 6M
- 0.82%
- YTD
- 3.68%
- 1Y
- 3.80%
- 3Y*
- 9.59%
- 5Y*
- —
- 10Y*
- —
AQWA.L
- 1D
- 0.00%
- 1M
- 1.03%
- 6M
- -1.04%
- YTD
- 1.83%
- 1Y
- 1.54%
- 3Y*
- 8.56%
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. AQWA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AQWG.L Global X Clean Water UCITS ETF | 3.68% | 5.17% | 7.79% | 18.26% | -9.91% | 2.42% |
AQWA.L Global X Clean Water UCITS ETF USD Acc | 1.83% | 4.91% | 7.83% | 18.90% | -9.78% | 0.43% |
Correlation
The correlation between AQWG.L and AQWA.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.91 |
The correlation between AQWG.L and AQWA.L has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AQWG.L vs. AQWA.L — Risk / Return Rank
AQWG.L
AQWA.L
AQWG.L vs. AQWA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Clean Water UCITS ETF (AQWG.L) and Global X Clean Water UCITS ETF USD Acc (AQWA.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.
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.
| AQWG.L | AQWA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.31 | +0.03 |
| Martin ratioReturn relative to average drawdown | 0.77 | 0.69 | +0.08 |
Loading charts...
Drawdowns
AQWG.L vs. AQWA.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -21.32%, roughly equal to the maximum AQWA.L drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for AQWG.L and AQWA.L.
Loading charts...
Drawdown Indicators
| AQWG.L | AQWA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.32% | -21.97% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -11.36% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -18.10% | +0.37% |
Current DrawdownCurrent decline from peak | -5.45% | -7.25% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -6.67% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 5.06% | -0.14% |
Volatility
AQWG.L vs. AQWA.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 4.34%, while Global X Clean Water UCITS ETF USD Acc (AQWA.L) has a volatility of 4.98%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than AQWA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AQWG.L | AQWA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.98% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 12.14% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 14.97% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 16.15% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 16.15% | -1.18% |
AQWG.L vs. AQWA.L - Expense Ratio Comparison
Both AQWG.L and AQWA.L have an expense ratio of 0.50%.
Dividends
AQWG.L vs. AQWA.L - Dividend Comparison
Neither AQWG.L nor AQWA.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and AQWA.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AQWG.L and AQWA.L have the same expense ratio: 0.50% per year.
AQWG.L tracks S&P Global Water TR, while AQWA.L tracks Solactive Global Clean Water Industry v2 Index.
Find the right allocation for AQWG.L and AQWA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer