Correlation
The correlation between CGW and GWRS is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CGW vs. GWRS
Compare and contrast key facts about Invesco S&P Global Water Index ETF (CGW) and Global Water Resources, Inc. (GWRS).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGW or GWRS.
Performance
CGW vs. GWRS - Performance Comparison
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Key characteristics
CGW:
0.31
GWRS:
-0.50
CGW:
0.32
GWRS:
-0.82
CGW:
1.04
GWRS:
0.91
CGW:
0.16
GWRS:
-0.39
CGW:
0.39
GWRS:
-1.45
CGW:
6.09%
GWRS:
12.84%
CGW:
15.83%
GWRS:
27.90%
CGW:
-57.24%
GWRS:
-51.67%
CGW:
-0.53%
GWRS:
-44.77%
Returns By Period
In the year-to-date period, CGW achieves a 11.73% return, which is significantly higher than GWRS's -8.97% return.
CGW
11.73%
5.05%
3.36%
4.39%
9.98%
13.18%
9.18%
GWRS
-8.97%
-0.71%
-21.19%
-14.88%
-7.52%
3.12%
N/A
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Risk-Adjusted Performance
CGW vs. GWRS — Risk-Adjusted Performance Rank
CGW
GWRS
CGW vs. GWRS - 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 Water Resources, Inc. (GWRS). 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.
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Dividends
CGW vs. GWRS - Dividend Comparison
CGW's dividend yield for the trailing twelve months is around 2.03%, less than GWRS's 2.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 2.03% | 2.27% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% |
GWRS Global Water Resources, Inc. | 2.92% | 2.62% | 2.28% | 2.22% | 1.71% | 2.01% | 2.18% | 2.80% | 2.94% | 1.90% | 0.00% | 0.00% |
Drawdowns
CGW vs. GWRS - Drawdown Comparison
The maximum CGW drawdown since its inception was -57.24%, which is greater than GWRS's maximum drawdown of -51.67%. Use the drawdown chart below to compare losses from any high point for CGW and GWRS.
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Volatility
CGW vs. GWRS - Volatility Comparison
The current volatility for Invesco S&P Global Water Index ETF (CGW) is 3.28%, while Global Water Resources, Inc. (GWRS) has a volatility of 6.29%. This indicates that CGW experiences smaller price fluctuations and is considered to be less risky than GWRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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