GLGG.L vs. CGW
Compare and contrast key facts about L&G Clean Water UCITS ETF (GLGG.L) and Invesco S&P Global Water Index ETF (CGW).
GLGG.L and CGW 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. 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 GLGG.L 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: GLGG.L or CGW.
Key characteristics
| GLGG.L | CGW | |
|---|---|---|
| YTD Return | 10.79% | 12.19% |
| 1Y Return | 24.23% | 21.50% |
| 3Y Return (Ann) | 10.72% | 5.83% |
| Sharpe Ratio | 0.46 | 1.51 |
| Daily Std Dev | 47.92% | 14.57% |
| Max Drawdown | -27.08% | -57.24% |
| Current Drawdown | -14.58% | -0.18% |
Correlation
The correlation between GLGG.L and CGW is 0.65, 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.
Performance
GLGG.L vs. CGW - Performance Comparison
In the year-to-date period, GLGG.L achieves a 10.79% return, which is significantly lower than CGW's 12.19% 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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GLGG.L vs. CGW - Expense Ratio Comparison
GLGG.L has a 0.49% expense ratio, which is lower than CGW's 0.57% expense ratio.
Risk-Adjusted Performance
GLGG.L vs. CGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (GLGG.L) 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
GLGG.L vs. CGW - Dividend Comparison
GLGG.L has not paid dividends to shareholders, while CGW's dividend yield for the trailing twelve months is around 1.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLGG.L L&G Clean Water UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CGW Invesco S&P Global Water Index ETF | 1.38% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% | 1.52% |
Drawdowns
GLGG.L vs. CGW - Drawdown Comparison
The maximum GLGG.L drawdown since its inception was -27.08%, smaller than the maximum CGW drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for GLGG.L and CGW. For additional features, visit the drawdowns tool.
Volatility
GLGG.L vs. CGW - Volatility Comparison
L&G Clean Water UCITS ETF (GLGG.L) has a higher volatility of 3.90% compared to Invesco S&P Global Water Index ETF (CGW) at 3.35%. This indicates that GLGG.L'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.