AUDUSD=X vs. AKWA.DE
Compare and contrast key facts about AUD/USD (AUDUSD=X) and Global X Clean Water UCITS ETF (AKWA.DE).
AKWA.DE is a passively managed fund by Global X that tracks the performance of the Solactive Global Clean Water Industry. It was launched on Dec 7, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUDUSD=X or AKWA.DE.
Performance
AUDUSD=X vs. AKWA.DE - Performance Comparison
Returns By Period
In the year-to-date period, AUDUSD=X achieves a -4.52% return, which is significantly lower than AKWA.DE's 17.36% return.
AUDUSD=X
-4.52%
-3.04%
-2.47%
-0.09%
-0.84%
-2.70%
AKWA.DE
17.36%
0.79%
-1.89%
26.39%
N/A
N/A
Key characteristics
| AUDUSD=X | AKWA.DE | |
|---|---|---|
| Sharpe Ratio | -0.13 | 1.87 |
| Sortino Ratio | -0.13 | 2.65 |
| Omega Ratio | 0.98 | 1.34 |
| Calmar Ratio | -0.02 | 2.45 |
| Martin Ratio | -0.46 | 5.48 |
| Ulcer Index | 2.25% | 4.73% |
| Daily Std Dev | 7.89% | 13.82% |
| Max Drawdown | -67.80% | -15.04% |
| Current Drawdown | -56.31% | -1.89% |
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Correlation
The correlation between AUDUSD=X and AKWA.DE is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AUDUSD=X vs. AKWA.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and Global X Clean Water UCITS ETF (AKWA.DE). 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.
Drawdowns
AUDUSD=X vs. AKWA.DE - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -67.80%, which is greater than AKWA.DE's maximum drawdown of -15.04%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and AKWA.DE. For additional features, visit the drawdowns tool.
Volatility
AUDUSD=X vs. AKWA.DE - Volatility Comparison
AUD/USD (AUDUSD=X) and Global X Clean Water UCITS ETF (AKWA.DE) have volatilities of 3.09% and 3.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.