GLGG.L vs. AQWA
Compare and contrast key facts about L&G Clean Water UCITS ETF (GLGG.L) and Global X Clean Water ETF (AQWA).
GLGG.L and AQWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLGG.L is a passively managed fund by Legal & General that tracks the performance of the S&P Global Water TR. It was launched on Jun 26, 2019. 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 GLGG.L 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.
Performance
GLGG.L vs. AQWA - Performance Comparison
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GLGG.L vs. AQWA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLGG.L L&G Clean Water UCITS ETF | 0.32% | 7.81% | 5.74% | 14.58% | -7.49% | 14.76% |
AQWA Global X Clean Water ETF | 3.03% | 5.09% | 6.16% | 14.13% | -10.36% | 17.64% |
Different Trading Currencies
GLGG.L is traded in GBp, while AQWA is traded in USD. To make them comparable, the AQWA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLGG.L achieves a 0.32% return, which is significantly lower than AQWA's 3.03% return.
GLGG.L
- 1D
- -0.30%
- 1M
- -10.08%
- YTD
- 0.32%
- 6M
- -0.56%
- 1Y
- 12.04%
- 3Y*
- 8.40%
- 5Y*
- 7.37%
- 10Y*
- —
AQWA
- 1D
- 1.68%
- 1M
- -7.03%
- YTD
- 3.03%
- 6M
- 0.11%
- 1Y
- 10.62%
- 3Y*
- 8.24%
- 5Y*
- —
- 10Y*
- —
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GLGG.L vs. AQWA - Expense Ratio Comparison
GLGG.L has a 0.49% expense ratio, which is lower than AQWA's 0.50% expense ratio.
Return for Risk
GLGG.L vs. AQWA — Risk / Return Rank
GLGG.L
AQWA
GLGG.L vs. AQWA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (GLGG.L) 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.
| GLGG.L | AQWA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.68 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.09 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.02 | -0.04 |
Martin ratioReturn relative to average drawdown | 3.22 | 3.15 | +0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLGG.L | AQWA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.68 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.45 | +0.13 |
Correlation
The correlation between GLGG.L and AQWA is 0.56, 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.
Dividends
GLGG.L vs. AQWA - Dividend Comparison
GLGG.L has not paid dividends to shareholders, while AQWA's dividend yield for the trailing twelve months is around 1.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLGG.L L&G Clean Water UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AQWA Global X Clean Water ETF | 1.45% | 1.47% | 1.40% | 1.53% | 1.56% | 1.20% |
Drawdowns
GLGG.L vs. AQWA - Drawdown Comparison
The maximum GLGG.L drawdown since its inception was -27.08%, which is greater than AQWA's maximum drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for GLGG.L and AQWA.
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Drawdown Indicators
| GLGG.L | AQWA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -29.44% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -11.48% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | — | — |
Current DrawdownCurrent decline from peak | -10.08% | -9.17% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -8.27% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.48% | +0.05% |
Volatility
GLGG.L vs. AQWA - Volatility Comparison
L&G Clean Water UCITS ETF (GLGG.L) has a higher volatility of 6.04% compared to Global X Clean Water ETF (AQWA) at 5.30%. This indicates that GLGG.L'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.
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Volatility by Period
| GLGG.L | AQWA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.30% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 10.25% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.73% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 15.03% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 15.03% | +2.66% |