BGLYX vs. AWTAX

Last updated Jun 4, 2026

BGLYX (Brookfield Global Listed Infrastructure Fund) and AWTAX (Virtus Water Fund) are both Energy Equities funds. Over the past 10 years, BGLYX returned 6.39%/yr vs 7.17%/yr for AWTAX. A 0.74 correlation means they provide meaningful diversification when combined. BGLYX charges 1.00%/yr vs 1.22%/yr for AWTAX.

Performance

BGLYX vs. AWTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Global Listed Infrastructure Fund (BGLYX) and Virtus Water Fund (AWTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGLYX achieves a 8.61% return, which is significantly higher than AWTAX's -3.74% return. Over the past 10 years, BGLYX has underperformed AWTAX with an annualized return of 6.39%, while AWTAX has yielded a comparatively higher 7.17% annualized return.

BGLYX

• 1D: 1.30%
• 1M: -3.33%
• YTD: 8.61%
• 6M: 8.20%
• 1Y: 14.02%
• 3Y*: 11.28%
• 5Y*: 6.97%
• 10Y*: 6.39%

AWTAX

• 1D: 0.83%
• 1M: -3.74%
• YTD: -3.74%
• 6M: -5.55%
• 1Y: -1.30%
• 3Y*: 6.71%
• 5Y*: 2.29%
• 10Y*: 7.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGLYX vs. AWTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGLYX Brookfield Global Listed Infrastructure Fund	8.61%	13.04%	9.01%	3.32%	-5.47%	16.13%	-3.25%	25.44%	-8.06%	10.79%
AWTAX Virtus Water Fund	-3.74%	11.87%	5.25%	11.99%	-21.01%	25.39%	16.68%	32.78%	-12.50%	21.99%

Correlation

The correlation between BGLYX and AWTAX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011	0.74

The correlation between BGLYX and AWTAX has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.

Return for Risk

BGLYX vs. AWTAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGLYX

BGLYX Risk / Return Rank: 26
BGLYX Sharpe Ratio Rank: 21
BGLYX Sortino Ratio Rank: 20
BGLYX Omega Ratio Rank: 20
BGLYX Calmar Ratio Rank: 34
BGLYX Martin Ratio Rank: 32

AWTAX

AWTAX Risk / Return Rank: 2
AWTAX Sharpe Ratio Rank: 2
AWTAX Sortino Ratio Rank: 2
AWTAX Omega Ratio Rank: 2
AWTAX Calmar Ratio Rank: 2
AWTAX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGLYX vs. AWTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Global Listed Infrastructure Fund (BGLYX) and Virtus Water Fund (AWTAX). 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.

	BGLYX	AWTAX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	-0.06	+1.37
Sortino ratio: Return per unit of downside risk	1.88	0.01	+1.87
Omega ratio: Gain probability vs. loss probability	1.23	1.00	+0.23
Calmar ratio: Return relative to maximum drawdown	2.19	-0.06	+2.26
Martin ratio: Return relative to average drawdown	7.21	-0.17	+7.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGLYX vs. AWTAX - Sharpe Ratio Comparison

The current BGLYX Sharpe Ratio is 1.31, which is higher than the AWTAX Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of BGLYX and AWTAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGLYX	AWTAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	-0.06	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.13	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.41	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.31	+0.17

Drawdowns

BGLYX vs. AWTAX - Drawdown Comparison

The maximum BGLYX drawdown since its inception was -36.54%, smaller than the maximum AWTAX drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for BGLYX and AWTAX.

Drawdown Indicators

	BGLYX	AWTAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.54%	-54.12%	+17.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.32%	-12.17%	+5.85%
Max Drawdown (3Y) Largest decline over 3 years	-14.56%	-17.00%	+2.44%
Max Drawdown (5Y) Largest decline over 5 years	-20.94%	-30.85%	+9.91%
Max Drawdown (10Y) Largest decline over 10 years	-36.54%	-32.78%	-3.76%
Current Drawdown Current decline from peak	-4.48%	-11.00%	+6.52%
Average Drawdown Average peak-to-trough decline	-7.85%	-9.90%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	4.56%	-2.64%

Volatility

BGLYX vs. AWTAX - Volatility Comparison

The current volatility for Brookfield Global Listed Infrastructure Fund (BGLYX) is 3.58%, while Virtus Water Fund (AWTAX) has a volatility of 4.26%. This indicates that BGLYX experiences smaller price fluctuations and is considered to be less risky than AWTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGLYX	AWTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.26%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	10.00%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	13.05%	-2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.60%	17.19%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	17.33%	-1.69%

BGLYX vs. AWTAX - Expense Ratio Comparison

BGLYX has a 1.00% expense ratio, which is lower than AWTAX's 1.22% expense ratio.

Dividends

BGLYX vs. AWTAX - Dividend Comparison

BGLYX's dividend yield for the trailing twelve months is around 28.53%, more than AWTAX's 12.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWTAX Virtus Water Fund	12.39%	11.93%	7.78%	3.30%	0.42%	7.72%	1.61%	2.98%	3.71%	2.43%	0.99%	0.38%
BGLYX Brookfield Global Listed Infrastructure Fund	28.53%	30.30%	1.89%	1.88%	7.34%	4.53%	3.71%	3.94%	4.31%	4.03%	4.09%	4.03%

Frequently Asked Questions

Can I hold both BGLYX and AWTAX in my portfolio?

BGLYX and AWTAX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGLYX or AWTAX?

AWTAX has higher volatility (4.26%) compared to BGLYX (3.58%). In terms of maximum drawdown, BGLYX dropped -36.54% vs AWTAX's -54.12%.

Which has better risk-adjusted returns?

BGLYX currently has the higher Sharpe Ratio (1.31 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.