AQWG.L vs. URNG.L
AQWG.L (Global X Clean Water UCITS ETF) and URNG.L (Global X Uranium UCITS ETF USD Accumulating) are both exchange-traded funds - AQWG.L is a Water Equities fund tracking the S&P Global Water TR, while URNG.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, AQWG.L returned 7.66%/yr vs 36.12%/yr for URNG.L. At a 0.30 correlation, their price movements are largely independent. AQWG.L charges 0.50%/yr vs 0.65%/yr for URNG.L.
Performance
AQWG.L vs. URNG.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 URNG.L's 18.27% return.
AQWG.L
- 1D
- -0.23%
- 1M
- -1.39%
- YTD
- -0.99%
- 6M
- -3.24%
- 1Y
- 2.35%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
AQWG.L vs. URNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AQWG.L Global X Clean Water UCITS ETF | -0.99% | 5.17% | 7.79% | 18.26% | 2.75% |
URNG.L Global X Uranium UCITS ETF USD Accumulating | 18.27% | 58.50% | 2.96% | 30.86% | -14.11% |
Correlation
The correlation between AQWG.L and URNG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.30 |
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Return for Risk
AQWG.L vs. URNG.L — Risk / Return Rank
AQWG.L
URNG.L
AQWG.L vs. URNG.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 Uranium UCITS ETF USD Accumulating (URNG.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 | URNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.23 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.97 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.52 | 5.06 | -4.53 |
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 | URNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 1.31 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.52 | -0.29 |
Drawdowns
AQWG.L vs. URNG.L - Drawdown Comparison
The maximum AQWG.L drawdown since its inception was -23.03%, smaller than the maximum URNG.L drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for AQWG.L and URNG.L.
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Drawdown Indicators
| AQWG.L | URNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -38.98% | +15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -32.59% | +21.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -38.98% | +21.25% |
Current DrawdownCurrent decline from peak | -9.71% | -13.93% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -12.79% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 12.75% | -8.26% |
Volatility
AQWG.L vs. URNG.L - Volatility Comparison
The current volatility for Global X Clean Water UCITS ETF (AQWG.L) is 3.98%, while Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a volatility of 14.89%. This indicates that AQWG.L experiences smaller price fluctuations and is considered to be less risky than URNG.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 | URNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 14.89% | -10.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 33.87% | -23.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 49.10% | -36.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 39.66% | -24.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 39.66% | -24.66% |
AQWG.L vs. URNG.L - Expense Ratio Comparison
AQWG.L has a 0.50% expense ratio, which is lower than URNG.L's 0.65% expense ratio.
Dividends
AQWG.L vs. URNG.L - Dividend Comparison
Neither AQWG.L nor URNG.L has paid dividends to shareholders.
Frequently Asked Questions
AQWG.L and URNG.L have a correlation of 0.24, 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 URNG.L.
AQWG.L is categorized as Water Equities, while URNG.L is Commodity Producers Equities. AQWG.L tracks S&P Global Water TR, while URNG.L tracks Solactive Global Uranium & Nuclear Components. Their fees differ too: 0.50% for AQWG.L and 0.65% for URNG.L.
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