AQWG.L vs. SNSG.L
AQWG.L (Global X Clean Water UCITS ETF) and SNSG.L (Global X Internet of Things UCITS ETF USD Accumulating) are both exchange-traded funds - AQWG.L is a Water Equities fund tracking the S&P Global Water TR, while SNSG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, AQWG.L returned 7.66%/yr vs 15.17%/yr for SNSG.L. A 0.59 correlation means they provide meaningful diversification when combined. AQWG.L charges 0.50%/yr vs 0.60%/yr for SNSG.L.
Performance
AQWG.L vs. SNSG.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 SNSG.L's 43.59% return.
AQWG.L
- 1D
- -0.23%
- 1M
- -1.39%
- YTD
- -0.99%
- 6M
- -3.24%
- 1Y
- 2.35%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
SNSG.L
- 1D
- -0.66%
- 1M
- 17.84%
- YTD
- 43.59%
- 6M
- 40.40%
- 1Y
- 49.16%
- 3Y*
- 15.17%
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. SNSG.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% |
SNSG.L Global X Internet of Things UCITS ETF USD Accumulating | 43.59% | -0.58% | 0.84% | 16.82% | -16.52% | -2.06% |
Correlation
The correlation between AQWG.L and SNSG.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.60 |
The correlation between AQWG.L and SNSG.L shifts across timeframes, from 0.49 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AQWG.L vs. SNSG.L — Risk / Return Rank
AQWG.L
SNSG.L
AQWG.L vs. SNSG.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 Internet of Things UCITS ETF USD Accumulating (SNSG.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 | SNSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.39 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 3.85 | -3.64 |
| Martin ratioReturn relative to average drawdown | 0.52 | 10.31 | -9.78 |
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 | SNSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.36 | -2.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.33 | -0.10 |
Drawdowns
AQWG.L vs. SNSG.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -23.03%, smaller than the maximum SNSG.L drawdown of -30.09%. Use the drawdown chart below to compare losses from any high point for AQWG.L and SNSG.L.
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Drawdown Indicators
| AQWG.L | SNSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -30.09% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -12.71% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -29.12% | +11.39% |
Current DrawdownCurrent decline from peak | -9.71% | -0.66% | -9.05% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -10.66% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 4.76% | -0.27% |
Volatility
AQWG.L vs. SNSG.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 3.98%, while Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) has a volatility of 8.29%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than SNSG.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 | SNSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 8.29% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 15.93% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 20.76% | -7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 21.80% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 21.80% | -6.80% |
AQWG.L vs. SNSG.L - Expense Ratio Comparison
AQWG.L has a 0.50% expense ratio, which is lower than SNSG.L's 0.60% expense ratio.
Dividends
AQWG.L vs. SNSG.L - Dividend Comparison
Neither AQWG.L nor SNSG.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and SNSG.L have a correlation of 0.49, 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 0.60% for SNSG.L.
AQWG.L is categorized as Water Equities, while SNSG.L is Technology Equities. AQWG.L tracks S&P Global Water TR, while SNSG.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.50% for AQWG.L and 0.60% for SNSG.L.
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