AQWG.L vs. COPG.L
AQWG.L (Global X Clean Water UCITS ETF) and COPG.L (Global X Copper Miners UCITS ETF USD Acc) are both exchange-traded funds - AQWG.L is a Water Equities fund tracking the S&P Global Water TR, while COPG.L is a Commodity Producers Equities fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 3 years, AQWG.L returned 7.66%/yr vs 34.51%/yr for COPG.L. At a 0.30 correlation, their price movements are largely independent. AQWG.L charges 0.50%/yr vs 0.65%/yr for COPG.L.
Performance
AQWG.L vs. COPG.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 COPG.L's 24.91% return.
AQWG.L
- 1D
- -0.23%
- 1M
- -2.33%
- YTD
- -0.99%
- 6M
- -3.17%
- 1Y
- 2.59%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
COPG.L
- 1D
- -0.95%
- 1M
- 9.16%
- YTD
- 24.91%
- 6M
- 34.78%
- 1Y
- 114.57%
- 3Y*
- 34.51%
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. COPG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AQWG.L Global X Clean Water UCITS ETF | -0.99% | 5.17% | 7.79% | 18.26% | -10.22% | 0.13% |
COPG.L Global X Copper Miners UCITS ETF USD Acc | 24.91% | 82.05% | 3.66% | 3.03% | 14.35% | -1.92% |
Correlation
The correlation between AQWG.L and COPG.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021 | 0.30 |
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Return for Risk
AQWG.L vs. COPG.L — Risk / Return Rank
AQWG.L
COPG.L
AQWG.L vs. COPG.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 Copper Miners UCITS ETF USD Acc (COPG.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 | COPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.44 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 4.53 | -4.32 |
| Martin ratioReturn relative to average drawdown | 0.52 | 14.57 | -14.05 |
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 | COPG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 3.14 | -2.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.77 | -0.53 |
Drawdowns
AQWG.L vs. COPG.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -23.03%, smaller than the maximum COPG.L drawdown of -38.84%. Use the drawdown chart below to compare losses from any high point for AQWG.L and COPG.L.
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Drawdown Indicators
| AQWG.L | COPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -38.84% | +15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -26.29% | +15.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -38.84% | +21.11% |
Current DrawdownCurrent decline from peak | -9.71% | -5.64% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -13.96% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 8.19% | -3.70% |
Volatility
AQWG.L vs. COPG.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 3.98%, while Global X Copper Miners UCITS ETF USD Acc (COPG.L) has a volatility of 14.11%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than COPG.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 | COPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 14.11% | -10.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 32.19% | -22.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 37.96% | -24.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 33.82% | -18.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 33.82% | -18.82% |
AQWG.L vs. COPG.L - Expense Ratio Comparison
AQWG.L has a 0.50% expense ratio, which is lower than COPG.L's 0.65% expense ratio.
Dividends
AQWG.L vs. COPG.L - Dividend Comparison
Neither AQWG.L nor COPG.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and COPG.L have a correlation of 0.22, 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 0.65% for COPG.L.
AQWG.L is categorized as Water Equities, while COPG.L is Commodity Producers Equities. AQWG.L tracks S&P Global Water TR, while COPG.L tracks Solactive Global Copper Miners Total Return Index. Their fees differ too: 0.50% for AQWG.L and 0.65% for COPG.L.
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