CGW vs. XYL
CGW (Invesco S&P Global Water Index ETF) is Water Equities fund tracking the S&P Global Water Index, while XYL (Xylem Inc.) is a stock. Over the past 10 years, CGW returned 9.92%/yr vs 11.01%/yr for XYL. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
CGW vs. XYL - Performance Comparison
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Returns By Period
In the year-to-date period, CGW achieves a 3.58% return, which is significantly higher than XYL's -11.92% return. Over the past 10 years, CGW has underperformed XYL with an annualized return of 9.92%, while XYL has yielded a comparatively higher 11.01% annualized return.
CGW
- 1D
- 0.46%
- 1M
- -0.82%
- 6M
- -1.08%
- YTD
- 3.58%
- 1Y
- 6.44%
- 3Y*
- 10.27%
- 5Y*
- 4.19%
- 10Y*
- 9.92%
- ALL TIME*
- 7.28%
XYL
- 1D
- 1.80%
- 1M
- 0.81%
- 6M
- -14.25%
- YTD
- -11.92%
- 1Y
- -15.16%
- 3Y*
- 5.34%
- 5Y*
- -0.03%
- 10Y*
- 11.01%
- ALL TIME*
- 13.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.82M | $1.98M | |
XYL Xylem Inc. | $276.04M | $249.63M | $231.48M |
CGW vs. XYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 3.58% | 18.10% | 4.55% | 15.50% | -22.00% | 31.70% | 15.41% | 34.04% | -10.47% | 27.08% |
XYL Xylem Inc. | -11.92% | 18.78% | 2.57% | 4.77% | -6.60% | 18.94% | 30.90% | 19.59% | -1.01% | 39.50% |
Correlation
The correlation between CGW and XYL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2011 | 0.70 |
The correlation between CGW and XYL has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
CGW vs. XYL — Risk / Return Rank
CGW
XYL
CGW vs. XYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Global Water Index ETF (CGW) and Xylem Inc. (XYL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGW | XYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.91 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.51 | +1.10 |
| Martin ratioReturn relative to average drawdown | 1.33 | -0.96 | +2.29 |
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Drawdowns
CGW vs. XYL - Drawdown Comparison
The maximum CGW drawdown since its inception was -57.24%, which is greater than XYL's maximum drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for CGW and XYL.
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Drawdown Indicators
| CGW | XYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.24% | -46.69% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -30.04% | +19.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -30.04% | +15.85% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -46.69% | +13.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.72% | -46.69% | +10.97% |
Current DrawdownCurrent decline from peak | -5.21% | -21.35% | +16.14% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -10.50% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 15.84% | -10.99% |
Volatility
CGW vs. XYL - Volatility Comparison
The current volatility for Invesco S&P Global Water Index ETF (CGW) is 3.99%, while Xylem Inc. (XYL) has a volatility of 9.51%. This indicates that CGW experiences smaller price fluctuations and is considered to be less risky than XYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGW | XYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 9.51% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 20.17% | -9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 24.02% | -10.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 26.35% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 27.41% | -9.79% |
Dividends
CGW vs. XYL - Dividend Comparison
CGW's dividend yield for the trailing twelve months is around 1.53%, more than XYL's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 1.53% | 1.58% | 2.27% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% |
XYL Xylem Inc. | 1.39% | 1.17% | 1.24% | 1.15% | 1.09% | 0.93% | 1.02% | 1.22% | 1.26% | 1.06% | 1.25% | 1.54% |
Frequently Asked Questions
CGW and XYL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYL has higher volatility (9.51%) compared to CGW (3.99%). In terms of maximum drawdown, CGW dropped -57.24% vs XYL's -46.69%.
CGW currently has the higher Sharpe Ratio (0.47 vs -0.63), 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.
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