AQWG.L vs. CLO.L
AQWG.L (Global X Clean Water UCITS ETF) and CLO.L (Global X Cloud Computing UCITS ETF USD Acc) are both exchange-traded funds - AQWG.L is a Water Equities fund tracking the S&P Global Water TR, while CLO.L is a Technology Equities fund tracking the Indxx Global Cloud Computing Index. Both are passively managed. Over the past 3 years, AQWG.L returned 9.59%/yr vs 4.02%/yr for CLO.L. At a 0.42 correlation, their price movements are largely independent. AQWG.L charges 0.50%/yr vs 0.55%/yr for CLO.L.
Performance
AQWG.L vs. CLO.L - Performance Comparison
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Different Trading Currencies
AQWG.L is traded in GBP, while CLO.L is traded in USD. To make them comparable, the CLO.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 lower than CLO.L's 5.81% return.
AQWG.L
- 1D
- 0.00%
- 1M
- 2.98%
- 6M
- 0.82%
- YTD
- 3.68%
- 1Y
- 3.80%
- 3Y*
- 9.59%
- 5Y*
- —
- 10Y*
- —
CLO.L
- 1D
- -1.29%
- 1M
- 2.84%
- 6M
- 9.20%
- YTD
- 5.81%
- 1Y
- 4.00%
- 3Y*
- 4.02%
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. CLO.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% |
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 5.81% | -12.80% | 7.51% | 37.47% | -33.65% | -0.64% |
Correlation
The correlation between AQWG.L and CLO.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.42 |
Over the past year, the correlation between AQWG.L and CLO.L has dropped to 0.09 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
AQWG.L vs. CLO.L — Risk / Return Rank
AQWG.L
CLO.L
AQWG.L vs. CLO.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 Cloud Computing UCITS ETF USD Acc (CLO.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 | CLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.14 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.77 | 0.32 | +0.46 |
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Drawdowns
AQWG.L vs. CLO.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -21.32%, smaller than the maximum CLO.L drawdown of -45.67%. Use the drawdown chart below to compare losses from any high point for AQWG.L and CLO.L.
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Drawdown Indicators
| AQWG.L | CLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.32% | -45.67% | +24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -27.85% | +16.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -37.42% | +19.69% |
Current DrawdownCurrent decline from peak | -5.45% | -23.57% | +18.12% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -30.82% | +24.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 12.60% | -7.68% |
Volatility
AQWG.L vs. CLO.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 4.34%, while Global X Cloud Computing UCITS ETF USD Acc (CLO.L) has a volatility of 9.33%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than CLO.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 | CLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 9.33% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 27.22% | -16.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 30.63% | -17.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 29.52% | -14.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 29.52% | -14.55% |
AQWG.L vs. CLO.L - Expense Ratio Comparison
AQWG.L has a 0.50% expense ratio, which is lower than CLO.L's 0.55% expense ratio.
Dividends
AQWG.L vs. CLO.L - Dividend Comparison
Neither AQWG.L nor CLO.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and CLO.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AQWG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AQWG.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CLO.L.
AQWG.L is categorized as Water Equities, while CLO.L is Technology Equities. AQWG.L tracks S&P Global Water TR, while CLO.L tracks Indxx Global Cloud Computing Index. Their fees differ too: 0.50% for AQWG.L and 0.55% for CLO.L.
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