PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CWW.TO vs. COW.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CWW.TO vs. COW.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Water Index ETF (CWW.TO) and iShares Global Agriculture Index ETF (COW.TO).

CWW.TO and COW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 4, 2007. COW.TO is a passively managed fund by iShares that tracks the performance of the Manulife Investment Management Global Agriculture Index. It was launched on Dec 19, 2007. Both CWW.TO and COW.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CWW.TO vs. COW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Water Index ETF (CWW.TO) and iShares Global Agriculture Index ETF (COW.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

CWW.TO vs. COW.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CWW.TO
iShares Global Water Index ETF		3.08%10.11%2.99%11.71%-16.52%27.08%12.93%26.85%-2.69%17.91%
COW.TO
iShares Global Agriculture Index ETF		20.39%-0.67%5.62%-8.61%12.64%19.02%11.66%25.91%-14.26%14.84%

Returns By Period

In the year-to-date period, CWW.TO achieves a 3.08% return, which is significantly lower than COW.TO's 20.39% return. Over the past 10 years, CWW.TO has underperformed COW.TO with an annualized return of 9.22%, while COW.TO has yielded a comparatively higher 9.69% annualized return.

CWW.TO

1D
1.71%
1M
-5.36%
YTD
3.08%
6M
-1.09%
1Y
9.79%
3Y*
7.13%
5Y*
5.73%
10Y*
9.22%

COW.TO

1D
0.28%
1M
0.73%
YTD
20.39%
6M
14.92%
1Y
15.42%
3Y*
5.98%
5Y*
4.97%
10Y*
9.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Water Index ETF

iShares Global Agriculture Index ETF

Often compared with CWW.TO:
CWW.TO vs. FIWCWW.TO vs. KBWBCWW.TO vs. CIF.TOCWW.TO vs. VFV.TOCWW.TO vs. VCRCWW.TO vs. ENFRCWW.TO vs. XAW.TO
Often compared with COW.TO:
COW.TO vs. NTR.TOCOW.TO vs. VOOCOW.TO vs. COWGCOW.TO vs. XHC.TOCOW.TO vs. XUS.TOCOW.TO vs. ZWC.TOCOW.TO vs. DBA

CWW.TO vs. COW.TO - Expense Ratio Comparison

CWW.TO has a 0.66% expense ratio, which is lower than COW.TO's 0.72% expense ratio.

COW.TO
iShares Global Agriculture Index ETF
CWW.TO
iShares Global Water Index ETF

Return for Risk

CWW.TO vs. COW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CWW.TO
CWW.TO Risk / Return Rank: 3535
Overall Rank
CWW.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
CWW.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
CWW.TO Omega Ratio Rank: 3131
Omega Ratio Rank
CWW.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
CWW.TO Martin Ratio Rank: 3434
Martin Ratio Rank
COW.TO
COW.TO Risk / Return Rank: 4646
Overall Rank
COW.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
COW.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
COW.TO Omega Ratio Rank: 4141
Omega Ratio Rank
COW.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
COW.TO Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWW.TO vs. COW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Water Index ETF (CWW.TO) and iShares Global Agriculture Index ETF (COW.TO). 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.

CWW.TOCOW.TODifference

Sharpe ratio

Return per unit of total volatility

0.64

0.85

-0.20

Sortino ratio

Return per unit of downside risk

1.00

1.35

-0.35

Omega ratio

Gain probability vs. loss probability

1.12

1.16

-0.04

Calmar ratio

Return relative to maximum drawdown

1.01

1.46

-0.46

Martin ratio

Return relative to average drawdown

3.08

3.31

-0.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWW.TO vs. COW.TO - Sharpe Ratio Comparison

The current CWW.TO Sharpe Ratio is 0.64, which is comparable to the COW.TO Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of CWW.TO and COW.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

CWW.TOCOW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.64

0.85

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

0.26

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.51

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.37

+0.02

Correlation

The correlation between CWW.TO and COW.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CWW.TO vs. COW.TO - Dividend Comparison

CWW.TO's dividend yield for the trailing twelve months is around 1.52%, less than COW.TO's 2.00% yield.

TTM20252024202320222021202020192018201720162015
CWW.TO
iShares Global Water Index ETF		1.52%1.34%1.05%1.17%1.28%2.62%1.11%1.24%2.95%1.41%1.60%1.16%
COW.TO
iShares Global Agriculture Index ETF		2.00%2.40%1.43%1.62%2.03%0.69%1.02%1.02%1.07%0.58%1.10%1.78%

Drawdowns

CWW.TO vs. COW.TO - Drawdown Comparison

The maximum CWW.TO drawdown since its inception was -46.54%, smaller than the maximum COW.TO drawdown of -55.00%. Use the drawdown chart below to compare losses from any high point for CWW.TO and COW.TO.

Loading graphics...

Drawdown Indicators

CWW.TOCOW.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.54%

-55.00%

+8.46%

Max Drawdown (1Y)

Largest decline over 1 year

-10.24%

-11.56%

+1.32%

Max Drawdown (5Y)

Largest decline over 5 years

-31.05%

-29.82%

-1.23%

Max Drawdown (10Y)

Largest decline over 10 years

-31.05%

-36.62%

+5.57%

Current Drawdown

Current decline from peak

-5.93%

-3.53%

-2.40%

Average Drawdown

Average peak-to-trough decline

-9.50%

-14.01%

+4.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

5.11%

-1.76%

Volatility

CWW.TO vs. COW.TO - Volatility Comparison

The current volatility for iShares Global Water Index ETF (CWW.TO) is 6.24%, while iShares Global Agriculture Index ETF (COW.TO) has a volatility of 6.61%. This indicates that CWW.TO experiences smaller price fluctuations and is considered to be less risky than COW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

CWW.TOCOW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.24%

6.61%

-0.37%

Volatility (6M)

Calculated over the trailing 6-month period

10.97%

12.33%

-1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

15.26%

18.30%

-3.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.35%

18.95%

-3.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.49%

19.28%

-2.79%