FIW vs. AQWA
Compare and contrast key facts about First Trust Water ETF (FIW) and Global X Clean Water ETF (AQWA).
FIW and AQWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 FIW 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: FIW or AQWA.
Key characteristics
| FIW | AQWA | |
|---|---|---|
| YTD Return | 16.70% | 12.31% |
| 1Y Return | 34.54% | 26.22% |
| 3Y Return (Ann) | 6.21% | 3.32% |
| Sharpe Ratio | 2.32 | 1.88 |
| Sortino Ratio | 3.26 | 2.71 |
| Omega Ratio | 1.40 | 1.32 |
| Calmar Ratio | 3.01 | 1.90 |
| Martin Ratio | 12.48 | 8.62 |
| Ulcer Index | 2.90% | 3.20% |
| Daily Std Dev | 15.61% | 14.65% |
| Max Drawdown | -52.75% | -29.44% |
| Current Drawdown | -0.68% | -1.56% |
Correlation
The correlation between FIW and AQWA is 0.90, 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
FIW vs. AQWA - Performance Comparison
In the year-to-date period, FIW achieves a 16.70% return, which is significantly higher than AQWA's 12.31% 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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FIW vs. AQWA - Expense Ratio Comparison
FIW has a 0.54% expense ratio, which is higher than AQWA's 0.50% expense ratio.
Risk-Adjusted Performance
FIW vs. AQWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Water ETF (FIW) 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
FIW vs. AQWA - Dividend Comparison
FIW's dividend yield for the trailing twelve months is around 0.58%, less than AQWA's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIW First Trust Water ETF | 0.58% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% | 0.75% | 0.63% |
AQWA Global X Clean Water ETF | 1.24% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIW vs. AQWA - Drawdown Comparison
The maximum FIW drawdown since its inception was -52.75%, which is greater than AQWA's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for FIW and AQWA. For additional features, visit the drawdowns tool.
Volatility
FIW vs. AQWA - Volatility Comparison
The current volatility for First Trust Water ETF (FIW) is 4.24%, while Global X Clean Water ETF (AQWA) has a volatility of 4.57%. This indicates that FIW experiences smaller price fluctuations and is considered to be less risky than AQWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.