AQWG.L vs. BRIP.L
AQWG.L (Global X Clean Water UCITS ETF) and BRIP.L (Global X European Infrastructure Development UCITS ETF EUR Accumulating) are both exchange-traded funds - AQWG.L is a Water Equities fund tracking the S&P Global Water TR, while BRIP.L is a Industrials Equities fund tracking the Mirae Asset European Infrastructure Development Index. Both are passively managed. Over the past year, AQWG.L returned 2.35% vs 11.95% for BRIP.L. At a 0.44 correlation, their price movements are largely independent. AQWG.L charges 0.50%/yr vs 0.47%/yr for BRIP.L.
Performance
AQWG.L vs. BRIP.L - Performance Comparison
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Returns By Period
In the year-to-date period, AQWG.L achieves a -0.99% return, which is significantly lower than BRIP.L's 6.39% return.
AQWG.L
- 1D
- -0.23%
- 1M
- -1.39%
- YTD
- -0.99%
- 6M
- -3.24%
- 1Y
- 2.35%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
BRIP.L
- 1D
- -0.25%
- 1M
- -0.36%
- YTD
- 6.39%
- 6M
- 7.48%
- 1Y
- 11.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. BRIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AQWG.L Global X Clean Water UCITS ETF | -0.99% | 5.17% | 3.32% |
BRIP.L Global X European Infrastructure Development UCITS ETF EUR Accumulating | 6.39% | 33.47% | -3.56% |
Correlation
The correlation between AQWG.L and BRIP.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.44 |
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Return for Risk
AQWG.L vs. BRIP.L — Risk / Return Rank
AQWG.L
BRIP.L
AQWG.L vs. BRIP.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 European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.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.
| AQWG.L | BRIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.15 | -0.94 |
| Martin ratioReturn relative to average drawdown | 0.52 | 3.31 | -2.78 |
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
| AQWG.L | BRIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.81 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.31 | -1.08 |
Drawdowns
AQWG.L vs. BRIP.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -23.03%, which is greater than BRIP.L's maximum drawdown of -10.38%. Use the drawdown chart below to compare losses from any high point for AQWG.L and BRIP.L.
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Drawdown Indicators
| AQWG.L | BRIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -10.38% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -10.38% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | — | — |
Current DrawdownCurrent decline from peak | -9.71% | -5.98% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -2.52% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 3.59% | +0.90% |
Volatility
AQWG.L vs. BRIP.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 3.98%, while Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) has a volatility of 5.43%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than BRIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQWG.L | BRIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 5.43% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 12.45% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 14.77% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 15.05% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 15.05% | -0.05% |
AQWG.L vs. BRIP.L - Expense Ratio Comparison
AQWG.L has a 0.50% expense ratio, which is higher than BRIP.L's 0.47% expense ratio.
Dividends
AQWG.L vs. BRIP.L - Dividend Comparison
Neither AQWG.L nor BRIP.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and BRIP.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRIP.L is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRIP.L is cheaper with a 0.47% expense ratio, compared with 0.50% for AQWG.L.
AQWG.L is categorized as Water Equities, while BRIP.L is Industrials Equities. AQWG.L tracks S&P Global Water TR, while BRIP.L tracks Mirae Asset European Infrastructure Development Index. Their fees differ too: 0.50% for AQWG.L and 0.47% for BRIP.L.
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