CLO.L vs. AQWG.L
CLO.L (Global X Cloud Computing UCITS ETF USD Acc) and AQWG.L (Global X Clean Water UCITS ETF) are both exchange-traded funds - CLO.L is a Technology Equities fund tracking the Indxx Global Cloud Computing Index, while AQWG.L is a Water Equities fund tracking the S&P Global Water TR. Both are passively managed. Over the past 3 years, CLO.L returned 3.19%/yr vs 11.15%/yr for AQWG.L. At a 0.46 correlation, their price movements are largely independent. CLO.L charges 0.55%/yr vs 0.50%/yr for AQWG.L.
Performance
CLO.L vs. AQWG.L - Performance Comparison
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Different Trading Currencies
CLO.L is traded in USD, while AQWG.L is traded in GBP. To make them comparable, the AQWG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLO.L achieves a -6.69% return, which is significantly lower than AQWG.L's 1.94% return.
CLO.L
- 1D
- -2.43%
- 1M
- -7.68%
- YTD
- -6.69%
- 6M
- -7.19%
- 1Y
- -7.52%
- 3Y*
- 3.19%
- 5Y*
- —
- 10Y*
- —
AQWG.L
- 1D
- 0.00%
- 1M
- 1.73%
- YTD
- 1.94%
- 6M
- 1.42%
- 1Y
- 3.70%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
CLO.L vs. AQWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLO.L Global X Cloud Computing UCITS ETF USD Acc | -6.69% | -6.11% | 5.66% | 44.70% | -40.70% | 1.59% |
AQWG.L Global X Clean Water UCITS ETF | 1.94% | 13.10% | 5.99% | 24.49% | -19.54% | 4.95% |
Correlation
The correlation between CLO.L and AQWG.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.46 |
Over the past year, the correlation between CLO.L and AQWG.L has dropped to 0.14 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
CLO.L vs. AQWG.L — Risk / Return Rank
CLO.L
AQWG.L
CLO.L vs. AQWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing UCITS ETF USD Acc (CLO.L) and Global X Clean Water UCITS ETF (AQWG.L). 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.
| CLO.L | AQWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.06 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.30 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.65 | 0.69 | -1.34 |
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Drawdowns
CLO.L vs. AQWG.L - Drawdown Comparison
The maximum CLO.L drawdown since its inception was -53.57%, which is greater than AQWG.L's maximum drawdown of -28.70%. Use the drawdown chart below to compare losses from any high point for CLO.L and AQWG.L.
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Drawdown Indicators
| CLO.L | AQWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -28.70% | -24.87% |
Max Drawdown (1Y)Largest decline over 1 year | -26.63% | -12.29% | -14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -32.15% | -17.37% | -14.78% |
Current DrawdownCurrent decline from peak | -32.72% | -7.73% | -24.99% |
Average DrawdownAverage peak-to-trough decline | -34.35% | -9.40% | -24.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 5.38% | +6.22% |
Volatility
CLO.L vs. AQWG.L - Volatility Comparison
Global X Cloud Computing UCITS ETF USD Acc (CLO.L) has a higher volatility of 14.21% compared to Global X Clean Water UCITS ETF (AQWG.L) at 3.57%. This indicates that CLO.L's price experiences larger fluctuations and is considered to be riskier than AQWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLO.L | AQWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.21% | 3.57% | +10.64% |
Volatility (6M)Calculated over the trailing 6-month period | 26.39% | 10.94% | +15.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 14.30% | +15.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.39% | 17.10% | +13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 17.10% | +13.29% |
CLO.L vs. AQWG.L - Expense Ratio Comparison
CLO.L has a 0.55% expense ratio, which is higher than AQWG.L's 0.50% expense ratio.
Dividends
CLO.L vs. AQWG.L - Dividend Comparison
Neither CLO.L nor AQWG.L has paid dividends to shareholders.
Frequently Asked Questions
CLO.L and AQWG.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AQWG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AQWG.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CLO.L.
CLO.L is categorized as Technology Equities, while AQWG.L is Water Equities. CLO.L tracks Indxx Global Cloud Computing Index, while AQWG.L tracks S&P Global Water TR. Their fees differ too: 0.55% for CLO.L and 0.50% for AQWG.L.
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