CWW.TO vs. FIW
Compare and contrast key facts about iShares Global Water Index ETF (CWW.TO) and First Trust Water ETF (FIW).
CWW.TO and FIW 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. FIW is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Water Index. It was launched on May 8, 2007. Both CWW.TO and FIW 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: CWW.TO or FIW.
Key characteristics
| CWW.TO | FIW | |
|---|---|---|
| YTD Return | 11.47% | 7.87% |
| 1Y Return | 17.99% | 18.46% |
| 3Y Return (Ann) | 1.60% | 4.69% |
| 5Y Return (Ann) | 10.47% | 13.58% |
| 10Y Return (Ann) | 11.07% | 12.63% |
| Sharpe Ratio | 1.46 | 1.07 |
| Daily Std Dev | 12.20% | 16.41% |
| Max Drawdown | -47.22% | -52.75% |
| Current Drawdown | -5.12% | -5.24% |
Correlation
The correlation between CWW.TO and FIW is 0.68, 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.
Performance
CWW.TO vs. FIW - Performance Comparison
In the year-to-date period, CWW.TO achieves a 11.47% return, which is significantly higher than FIW's 7.87% return. Over the past 10 years, CWW.TO has underperformed FIW with an annualized return of 11.07%, while FIW has yielded a comparatively higher 12.63% annualized 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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CWW.TO vs. FIW - Expense Ratio Comparison
CWW.TO has a 0.66% expense ratio, which is higher than FIW's 0.54% expense ratio.
Risk-Adjusted Performance
CWW.TO vs. FIW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water Index ETF (CWW.TO) and First Trust Water ETF (FIW). 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
CWW.TO vs. FIW - Dividend Comparison
CWW.TO's dividend yield for the trailing twelve months is around 1.14%, more than FIW's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWW.TO iShares Global Water Index ETF | 1.14% | 1.31% | 1.43% | 2.93% | 1.24% | 1.39% | 3.30% | 1.58% | 1.79% | 1.29% | 1.32% | 1.34% |
FIW First Trust Water ETF | 0.62% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% | 0.75% | 0.62% |
Drawdowns
CWW.TO vs. FIW - Drawdown Comparison
The maximum CWW.TO drawdown since its inception was -47.22%, smaller than the maximum FIW drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for CWW.TO and FIW. For additional features, visit the drawdowns tool.
Volatility
CWW.TO vs. FIW - Volatility Comparison
The current volatility for iShares Global Water Index ETF (CWW.TO) is 3.20%, while First Trust Water ETF (FIW) has a volatility of 4.58%. This indicates that CWW.TO experiences smaller price fluctuations and is considered to be less risky than FIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.