CGW vs. AQWA
Compare and contrast key facts about Invesco S&P Global Water Index ETF (CGW) and Global X Clean Water ETF (AQWA).
CGW and AQWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGW is a passively managed fund by Invesco that tracks the performance of the S&P Global Water Index. It was launched on May 14, 2007. 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. Both CGW and AQWA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGW or AQWA.
Key characteristics
| CGW | AQWA | |
|---|---|---|
| YTD Return | 11.22% | 10.59% |
| 1Y Return | 26.09% | 24.89% |
| 3Y Return (Ann) | 0.87% | 3.13% |
| Sharpe Ratio | 1.71 | 1.62 |
| Sortino Ratio | 2.53 | 2.37 |
| Omega Ratio | 1.30 | 1.28 |
| Calmar Ratio | 1.17 | 1.54 |
| Martin Ratio | 8.52 | 7.40 |
| Ulcer Index | 2.89% | 3.19% |
| Daily Std Dev | 14.35% | 14.57% |
| Max Drawdown | -57.24% | -29.44% |
| Current Drawdown | -3.66% | -3.07% |
Correlation
The correlation between CGW and AQWA is 0.92, 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.
Performance
CGW vs. AQWA - Performance Comparison
In the year-to-date period, CGW achieves a 11.22% return, which is significantly higher than AQWA's 10.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGW vs. AQWA - Expense Ratio Comparison
CGW has a 0.57% expense ratio, which is higher than AQWA's 0.50% expense ratio.
Risk-Adjusted Performance
CGW vs. AQWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Global Water Index ETF (CGW) 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.
Dividends
CGW vs. AQWA - Dividend Comparison
CGW's dividend yield for the trailing twelve months is around 1.39%, more than AQWA's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 1.39% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% | 1.52% |
AQWA Global X Clean Water ETF | 1.26% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CGW vs. AQWA - Drawdown Comparison
The maximum CGW drawdown since its inception was -57.24%, which is greater than AQWA's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for CGW and AQWA. For additional features, visit the drawdowns tool.
Volatility
CGW vs. AQWA - Volatility Comparison
Invesco S&P Global Water Index ETF (CGW) and Global X Clean Water ETF (AQWA) have volatilities of 4.04% and 4.11%, 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.