DGT vs. CGW
Compare and contrast key facts about SPDR Global Dow ETF (DGT) and Invesco S&P Global Water Index ETF (CGW).
DGT and CGW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGT is a passively managed fund by State Street that tracks the performance of the Global Dow Index. It was launched on Sep 25, 2000. 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. Both DGT and CGW 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: DGT or CGW.
Key characteristics
| DGT | CGW | |
|---|---|---|
| YTD Return | 17.50% | 11.58% |
| 1Y Return | 28.64% | 26.18% |
| 3Y Return (Ann) | 9.47% | 0.69% |
| 5Y Return (Ann) | 12.62% | 10.35% |
| 10Y Return (Ann) | 10.04% | 9.44% |
| Sharpe Ratio | 2.75 | 1.92 |
| Sortino Ratio | 3.68 | 2.80 |
| Omega Ratio | 1.49 | 1.34 |
| Calmar Ratio | 4.24 | 1.35 |
| Martin Ratio | 18.70 | 9.40 |
| Ulcer Index | 1.59% | 2.92% |
| Daily Std Dev | 10.83% | 14.30% |
| Max Drawdown | -55.36% | -57.24% |
| Current Drawdown | -0.86% | -3.35% |
Correlation
The correlation between DGT and CGW is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DGT vs. CGW - Performance Comparison
In the year-to-date period, DGT achieves a 17.50% return, which is significantly higher than CGW's 11.58% return. Over the past 10 years, DGT has outperformed CGW with an annualized return of 10.04%, while CGW has yielded a comparatively lower 9.44% 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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DGT vs. CGW - Expense Ratio Comparison
DGT has a 0.50% expense ratio, which is lower than CGW's 0.57% expense ratio.
Risk-Adjusted Performance
DGT vs. CGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Global Dow ETF (DGT) and Invesco S&P Global Water Index ETF (CGW). 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
DGT vs. CGW - Dividend Comparison
DGT's dividend yield for the trailing twelve months is around 2.27%, more than CGW's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGT SPDR Global Dow ETF | 2.27% | 2.53% | 3.15% | 2.66% | 1.97% | 2.76% | 2.50% | 1.93% | 2.31% | 2.37% | 2.67% | 2.18% |
CGW Invesco S&P Global Water Index ETF | 1.39% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% | 1.52% |
Drawdowns
DGT vs. CGW - Drawdown Comparison
The maximum DGT drawdown since its inception was -55.36%, roughly equal to the maximum CGW drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for DGT and CGW. For additional features, visit the drawdowns tool.
Volatility
DGT vs. CGW - Volatility Comparison
The current volatility for SPDR Global Dow ETF (DGT) is 2.95%, while Invesco S&P Global Water Index ETF (CGW) has a volatility of 3.88%. This indicates that DGT experiences smaller price fluctuations and is considered to be less risky than CGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.