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HUC.TO vs. CWW.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUC.TO vs. CWW.TO

Last updated Jun 4, 2026

HUC.TO (Global X Crude Oil ETF) and CWW.TO (iShares Global Water Index ETF) are both exchange-traded funds - HUC.TO is a Commodities fund tracking the Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER, while CWW.TO is a Water Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, HUC.TO returned 8.61%/yr vs 8.42%/yr for CWW.TO. At a 0.08 correlation, their price movements are largely independent. HUC.TO charges 1.09%/yr vs 0.66%/yr for CWW.TO.

Performance

HUC.TO vs. CWW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Crude Oil ETF (HUC.TO) and iShares Global Water Index ETF (CWW.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HUC.TO achieves a 45.00% return, which is significantly higher than CWW.TO's 0.67% return. Both investments have delivered pretty close results over the past 10 years, with HUC.TO having a 8.61% annualized return and CWW.TO not far behind at 8.42%.

HUC.TO

1D
1.46%
1M
-1.28%
YTD
45.00%
6M
41.59%
1Y
40.27%
3Y*
12.31%
5Y*
13.32%
10Y*
8.61%

CWW.TO

1D
0.76%
1M
-0.37%
YTD
0.67%
6M
-4.32%
1Y
3.23%
3Y*
6.26%
5Y*
4.32%
10Y*
8.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HUC.TO vs. CWW.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HUC.TO
Global X Crude Oil ETF		45.00%-13.63%7.23%-2.89%26.25%57.81%-21.10%19.75%-11.68%-3.47%
CWW.TO
iShares Global Water Index ETF		0.67%10.11%2.99%11.71%-16.52%27.08%12.93%26.85%-2.69%17.91%

Correlation

The correlation between HUC.TO and CWW.TO is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.29

Correlation (3Y)
Calculated over the trailing 3-year period

-0.10

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2009

0.08

The correlation between HUC.TO and CWW.TO shifts across timeframes, from -0.29 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

HUC.TO vs. CWW.TO - Sectors Allocation Comparison

Sectors
HUC.TO
CWW.TO

Real Estate

18.4%
0.2%

Basic Materials

-

5.8%

Communication Services

-

-

Consumer Cyclical

-

0.5%

Consumer Defensive

-

-

Energy

-

1.6%

Financial Services

-

-

Healthcare

-

-

Industrials

-

44.2%

Technology

-

1.1%

Utilities

-

46.7%

Real Estate

HUC.TO
18.4%
CWW.TO
0.2%

Basic Materials

HUC.TO

-

CWW.TO
5.8%

Communication Services

HUC.TO

-

CWW.TO

-

Consumer Cyclical

HUC.TO

-

CWW.TO
0.5%

Consumer Defensive

HUC.TO

-

CWW.TO

-

Energy

HUC.TO

-

CWW.TO
1.6%

Financial Services

HUC.TO

-

CWW.TO

-

Healthcare

HUC.TO

-

CWW.TO

-

Industrials

HUC.TO

-

CWW.TO
44.2%

Technology

HUC.TO

-

CWW.TO
1.1%

Utilities

HUC.TO

-

CWW.TO
46.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Crude Oil ETF

iShares Global Water Index ETF

Often compared with HUC.TO:
HUC.TO vs. HXS.TOHUC.TO vs. HUN.TOHUC.TO vs. XBM.TOHUC.TO vs. CCOM.TOHUC.TO vs. ZCOM.NEOHUC.TO vs. COW.TOHUC.TO vs. PPA
Often compared with CWW.TO:
CWW.TO vs. FIWCWW.TO vs. COW.TOCWW.TO vs. CIF.TOCWW.TO vs. KBWBCWW.TO vs. VFV.TOCWW.TO vs. XAW.TOCWW.TO vs. ENFR

Return for Risk

HUC.TO vs. CWW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HUC.TO
HUC.TO Risk / Return Rank: 4444
Overall Rank
HUC.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
HUC.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
HUC.TO Omega Ratio Rank: 4646
Omega Ratio Rank
HUC.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
HUC.TO Martin Ratio Rank: 3333
Martin Ratio Rank
CWW.TO
CWW.TO Risk / Return Rank: 1212
Overall Rank
CWW.TO Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
CWW.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
CWW.TO Omega Ratio Rank: 1111
Omega Ratio Rank
CWW.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
CWW.TO Martin Ratio Rank: 1313
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HUC.TO vs. CWW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Crude Oil ETF (HUC.TO) and iShares Global Water Index ETF (CWW.TO). 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.

HUC.TOCWW.TODifference
Sharpe ratioReturn per unit of total volatility
1.60
0.23

+1.36

Sortino ratioReturn per unit of downside risk
2.10
0.44

+1.66

Omega ratioGain probability vs. loss probability

1.29

1.05

+0.24

Calmar ratioReturn relative to maximum drawdown

2.50

0.32

+2.18

Martin ratioReturn relative to average drawdown

4.94

0.79

+4.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUC.TO vs. CWW.TO - Sharpe Ratio Comparison

The current HUC.TO Sharpe Ratio is 1.60, which is higher than the CWW.TO Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of HUC.TO and CWW.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HUC.TOCWW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

0.23

+1.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.28

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

0.51

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.38

-0.25

Drawdowns

HUC.TO vs. CWW.TO - Drawdown Comparison

The maximum HUC.TO drawdown since its inception was -76.99%, which is greater than CWW.TO's maximum drawdown of -46.54%. Use the drawdown chart below to compare losses from any high point for HUC.TO and CWW.TO.

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Drawdown Indicators

HUC.TOCWW.TODifference

Max Drawdown

Largest peak-to-trough decline

-76.99%

-46.54%

-30.45%

Max Drawdown (1Y)

Largest decline over 1 year

-16.20%

-10.24%

-5.96%

Max Drawdown (3Y)

Largest decline over 3 years

-23.83%

-19.77%

-4.06%

Max Drawdown (5Y)

Largest decline over 5 years

-30.83%

-31.05%

+0.22%

Max Drawdown (10Y)

Largest decline over 10 years

-61.56%

-31.05%

-30.51%

Current Drawdown

Current decline from peak

-2.80%

-8.12%

+5.32%

Average Drawdown

Average peak-to-trough decline

-34.61%

-9.47%

-25.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.17%

4.11%

+4.06%

Volatility

HUC.TO vs. CWW.TO - Volatility Comparison

Global X Crude Oil ETF (HUC.TO) has a higher volatility of 11.26% compared to iShares Global Water Index ETF (CWW.TO) at 4.23%. This indicates that HUC.TO's price experiences larger fluctuations and is considered to be riskier than CWW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUC.TOCWW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.26%

4.23%

+7.03%

Volatility (6M)

Calculated over the trailing 6-month period

21.17%

10.85%

+10.32%

Volatility (1Y)

Calculated over the trailing 1-year period

25.36%

13.83%

+11.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.85%

15.40%

+12.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.04%

16.52%

+12.52%

HUC.TO vs. CWW.TO - Expense Ratio Comparison

HUC.TO has a 1.09% expense ratio, which is higher than CWW.TO's 0.66% expense ratio.

Dividends

HUC.TO vs. CWW.TO - Dividend Comparison

HUC.TO has not paid dividends to shareholders, while CWW.TO's dividend yield for the trailing twelve months is around 1.56%.

PositionTTM20252024202320222021202020192018201720162015
CWW.TO
iShares Global Water Index ETF		1.56%1.34%1.05%1.17%1.28%2.62%1.11%1.24%2.95%1.41%1.60%1.16%
HUC.TO
Global X Crude Oil 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%

Frequently Asked Questions

HUC.TO and CWW.TO have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CWW.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CWW.TO is cheaper with a 0.66% expense ratio, compared with 1.09% for HUC.TO.

HUC.TO is categorized as Commodities, while CWW.TO is Water Equities. HUC.TO tracks Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER, while CWW.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Global X and iShares. Their fees differ too: 1.09% for HUC.TO and 0.66% for CWW.TO.

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