EBLU vs. CGW
Compare and contrast key facts about Ecofin Global Water ESG Fund (EBLU) and Invesco S&P Global Water Index ETF (CGW).
EBLU and CGW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBLU is a passively managed fund by Tortoise that tracks the performance of the Ecofin Water ESG Index. It was launched on Feb 15, 2017. 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 EBLU 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: EBLU or CGW.
Key characteristics
| EBLU | CGW | |
|---|---|---|
| YTD Return | 14.35% | 11.58% |
| 1Y Return | 29.96% | 26.18% |
| 3Y Return (Ann) | 0.97% | 0.69% |
| 5Y Return (Ann) | 10.24% | 10.35% |
| Sharpe Ratio | 2.18 | 1.92 |
| Sortino Ratio | 3.09 | 2.80 |
| Omega Ratio | 1.38 | 1.34 |
| Calmar Ratio | 1.33 | 1.35 |
| Martin Ratio | 11.51 | 9.40 |
| Ulcer Index | 2.72% | 2.92% |
| Daily Std Dev | 14.36% | 14.30% |
| Max Drawdown | -37.58% | -57.24% |
| Current Drawdown | -1.73% | -3.35% |
Correlation
The correlation between EBLU and CGW is 0.82, 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
EBLU vs. CGW - Performance Comparison
In the year-to-date period, EBLU achieves a 14.35% return, which is significantly higher than CGW's 11.58% 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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EBLU vs. CGW - Expense Ratio Comparison
EBLU has a 0.40% expense ratio, which is lower than CGW's 0.57% expense ratio.
Risk-Adjusted Performance
EBLU vs. CGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Water ESG Fund (EBLU) 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
EBLU vs. CGW - Dividend Comparison
EBLU's dividend yield for the trailing twelve months is around 1.14%, less than CGW's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBLU Ecofin Global Water ESG Fund | 1.14% | 1.46% | 0.00% | 1.55% | 1.42% | 1.58% | 1.35% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
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
EBLU vs. CGW - Drawdown Comparison
The maximum EBLU drawdown since its inception was -37.58%, smaller than the maximum CGW drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for EBLU and CGW. For additional features, visit the drawdowns tool.
Volatility
EBLU vs. CGW - Volatility Comparison
Ecofin Global Water ESG Fund (EBLU) has a higher volatility of 4.99% compared to Invesco S&P Global Water Index ETF (CGW) at 3.88%. This indicates that EBLU's price experiences larger fluctuations and is considered to be riskier than CGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.