CFWAX vs. AQWA
Compare and contrast key facts about Calvert Global Water Fund (CFWAX) and Global X Clean Water ETF (AQWA).
CFWAX is managed by Calvert Research and Management. It was launched on Sep 29, 2008. AQWA is a passively managed fund by Global X that tracks the performance of the Solactive Global Clean Water Industry Index. It was launched on Apr 8, 2021.
Performance
CFWAX vs. AQWA - Performance Comparison
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CFWAX vs. AQWA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CFWAX Calvert Global Water Fund | -1.37% | 14.38% | 3.91% | 18.34% | -19.63% | 11.54% |
AQWA Global X Clean Water ETF | 1.11% | 13.15% | 4.34% | 20.13% | -19.89% | 15.85% |
Returns By Period
In the year-to-date period, CFWAX achieves a -1.37% return, which is significantly lower than AQWA's 1.11% return.
CFWAX
- 1D
- 0.07%
- 1M
- -11.15%
- YTD
- -1.37%
- 6M
- -1.97%
- 1Y
- 12.60%
- 3Y*
- 8.77%
- 5Y*
- 5.11%
- 10Y*
- 8.44%
AQWA
- 1D
- 1.97%
- 1M
- -8.83%
- YTD
- 1.11%
- 6M
- -1.57%
- 1Y
- 13.23%
- 3Y*
- 10.78%
- 5Y*
- —
- 10Y*
- —
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CFWAX vs. AQWA - Expense Ratio Comparison
CFWAX has a 1.24% expense ratio, which is higher than AQWA's 0.50% expense ratio.
Return for Risk
CFWAX vs. AQWA — Risk / Return Rank
CFWAX
AQWA
CFWAX vs. AQWA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Global Water Fund (CFWAX) and Global X Clean Water ETF (AQWA). 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.
| CFWAX | AQWA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.82 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.30 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.16 | -0.29 |
Martin ratioReturn relative to average drawdown | 3.32 | 3.81 | -0.50 |
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
| CFWAX | AQWA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.82 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.36 | +0.03 |
Correlation
The correlation between CFWAX and AQWA is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CFWAX vs. AQWA - Dividend Comparison
CFWAX's dividend yield for the trailing twelve months is around 4.84%, more than AQWA's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFWAX Calvert Global Water Fund | 4.84% | 4.77% | 9.25% | 2.57% | 1.47% | 0.93% | 0.77% | 0.83% | 1.30% | 0.93% | 0.00% | 0.03% |
AQWA Global X Clean Water ETF | 1.45% | 1.47% | 1.40% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CFWAX vs. AQWA - Drawdown Comparison
The maximum CFWAX drawdown since its inception was -39.67%, which is greater than AQWA's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for CFWAX and AQWA.
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Drawdown Indicators
| CFWAX | AQWA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.67% | -29.44% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -11.48% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.25% | — | — |
Current DrawdownCurrent decline from peak | -11.96% | -9.17% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -8.27% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.48% | -0.14% |
Volatility
CFWAX vs. AQWA - Volatility Comparison
Calvert Global Water Fund (CFWAX) and Global X Clean Water ETF (AQWA) have volatilities of 5.35% and 5.55%, 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.
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Volatility by Period
| CFWAX | AQWA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 5.55% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 9.97% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 16.14% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 16.67% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 16.67% | +0.19% |