EVX vs. AQWA
Compare and contrast key facts about VanEck Vectors Environmental Services ETF (EVX) and Global X Clean Water ETF (AQWA).
EVX and AQWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Environmental Services Index. It was launched on Oct 16, 2006. AQWA is a passively managed fund by Global X that tracks the performance of the Solactive Global Clean Water Industry Index. It was launched on Apr 8, 2021. Both EVX and AQWA 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: EVX or AQWA.
Performance
EVX vs. AQWA - Performance Comparison
Returns By Period
In the year-to-date period, EVX achieves a 23.10% return, which is significantly higher than AQWA's 10.90% return.
EVX
23.10%
2.03%
13.74%
31.48%
13.23%
13.76%
AQWA
10.90%
-0.28%
2.27%
19.55%
N/A
N/A
Key characteristics
| EVX | AQWA | |
|---|---|---|
| Sharpe Ratio | 2.25 | 1.41 |
| Sortino Ratio | 3.03 | 2.02 |
| Omega Ratio | 1.39 | 1.24 |
| Calmar Ratio | 2.38 | 1.87 |
| Martin Ratio | 15.41 | 6.16 |
| Ulcer Index | 2.07% | 3.25% |
| Daily Std Dev | 14.19% | 14.24% |
| Max Drawdown | -55.91% | -29.44% |
| Current Drawdown | -2.02% | -2.80% |
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EVX vs. AQWA - Expense Ratio Comparison
EVX has a 0.55% expense ratio, which is higher than AQWA's 0.50% expense ratio.
Correlation
The correlation between EVX and AQWA is 0.75, 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.
Risk-Adjusted Performance
EVX vs. AQWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) and Global X Clean Water ETF (AQWA). 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
EVX vs. AQWA - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.77%, less than AQWA's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.77% | 0.95% | 0.41% | 0.24% | 0.33% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% | 1.15% |
AQWA Global X Clean Water ETF | 1.25% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EVX vs. AQWA - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, which is greater than AQWA's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for EVX and AQWA. For additional features, visit the drawdowns tool.
Volatility
EVX vs. AQWA - Volatility Comparison
VanEck Vectors Environmental Services ETF (EVX) has a higher volatility of 5.12% compared to Global X Clean Water ETF (AQWA) at 4.15%. This indicates that EVX's price experiences larger fluctuations and is considered to be riskier than AQWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.