AQWG.L vs. GNOG.L
AQWG.L (Global X Clean Water UCITS ETF) and GNOG.L (Global X Genomics & Biotechnology UCITS ETF) are both exchange-traded funds - AQWG.L is a Water Equities fund tracking the S&P Global Water TR, while GNOG.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, AQWG.L returned 7.66%/yr vs -1.86%/yr for GNOG.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
AQWG.L vs. GNOG.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 GNOG.L's 12.27% return.
AQWG.L
- 1D
- -0.23%
- 1M
- -1.39%
- YTD
- -0.99%
- 6M
- -3.24%
- 1Y
- 2.35%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
GNOG.L
- 1D
- 5.70%
- 1M
- 13.66%
- YTD
- 12.27%
- 6M
- 9.47%
- 1Y
- 59.40%
- 3Y*
- -1.86%
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. GNOG.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% | -2.19% |
GNOG.L Global X Genomics & Biotechnology UCITS ETF | 12.27% | 12.03% | -16.98% | -11.35% | -29.74% | -5.47% |
Correlation
The correlation between AQWG.L and GNOG.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.46 |
The correlation between AQWG.L and GNOG.L shifts across timeframes, from 0.35 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AQWG.L vs. GNOG.L — Risk / Return Rank
AQWG.L
GNOG.L
AQWG.L vs. GNOG.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 Genomics & Biotechnology UCITS ETF (GNOG.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 | GNOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.35 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 3.44 | -3.24 |
| Martin ratioReturn relative to average drawdown | 0.52 | 8.72 | -8.20 |
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 | GNOG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.16 | -1.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.36 | +0.59 |
Drawdowns
AQWG.L vs. GNOG.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -23.03%, smaller than the maximum GNOG.L drawdown of -67.50%. Use the drawdown chart below to compare losses from any high point for AQWG.L and GNOG.L.
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Drawdown Indicators
| AQWG.L | GNOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -67.50% | +44.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -17.16% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -47.97% | +30.24% |
Current DrawdownCurrent decline from peak | -9.71% | -41.78% | +32.07% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -44.20% | +36.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 6.79% | -2.30% |
Volatility
AQWG.L vs. GNOG.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 3.98%, while Global X Genomics & Biotechnology UCITS ETF (GNOG.L) has a volatility of 7.97%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than GNOG.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 | GNOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 7.97% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 19.73% | -9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 27.38% | -14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 31.21% | -16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 31.21% | -16.21% |
AQWG.L vs. GNOG.L - Expense Ratio Comparison
Both AQWG.L and GNOG.L have an expense ratio of 0.50%.
Dividends
AQWG.L vs. GNOG.L - Dividend Comparison
Neither AQWG.L nor GNOG.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and GNOG.L have a correlation of 0.35, 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 GNOG.L have the same expense ratio: 0.50% per year.
AQWG.L is categorized as Water Equities, while GNOG.L is Health & Biotech Equities. AQWG.L tracks S&P Global Water TR, while GNOG.L tracks MSCI World/Health Care NR USD.
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