IH2O.L vs. CEG
IH2O.L (iShares Global Water UCITS ETF) is Water Equities fund tracking the S&P Global Water TR, while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, IH2O.L returned 5.78%/yr vs 37.24%/yr for CEG. At a 0.19 correlation, their price movements are largely independent.
Performance
IH2O.L vs. CEG - Performance Comparison
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Different Trading Currencies
IH2O.L is traded in GBp, while CEG is traded in USD. To make them comparable, the CEG values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IH2O.L achieves a -1.27% return, which is significantly higher than CEG's -27.59% return.
IH2O.L
- 1D
- 1.15%
- 1M
- 0.53%
- YTD
- -1.27%
- 6M
- -1.32%
- 1Y
- 4.55%
- 3Y*
- 5.78%
- 5Y*
- 5.22%
- 10Y*
- 10.09%
CEG
- 1D
- 2.95%
- 1M
- -5.61%
- YTD
- -27.59%
- 6M
- -27.88%
- 1Y
- -13.01%
- 3Y*
- 37.24%
- 5Y*
- —
- 10Y*
- —
IH2O.L vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IH2O.L iShares Global Water UCITS ETF | -1.27% | 9.75% | 6.03% | 7.33% | -0.80% |
CEG Constellation Energy Corp | -27.59% | 47.49% | 96.08% | 30.38% | 95.10% |
Correlation
The correlation between IH2O.L and CEG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.19 |
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Return for Risk
IH2O.L vs. CEG — Risk / Return Rank
IH2O.L
CEG
IH2O.L vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IH2O.L) and Constellation Energy Corp (CEG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IH2O.L | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.99 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.34 | +0.73 |
| Martin ratioReturn relative to average drawdown | 0.97 | -0.68 | +1.66 |
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Drawdowns
IH2O.L vs. CEG - Drawdown Comparison
The maximum IH2O.L drawdown since its inception was -67.32%, which is greater than CEG's maximum drawdown of -52.59%. Use the drawdown chart below to compare losses from any high point for IH2O.L and CEG.
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Drawdown Indicators
| IH2O.L | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.32% | -52.59% | -14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -40.20% | +29.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -52.59% | +38.63% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | — | — |
Current DrawdownCurrent decline from peak | -8.77% | -37.52% | +28.75% |
Average DrawdownAverage peak-to-trough decline | -20.55% | -13.21% | -7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 20.11% | -15.96% |
Volatility
IH2O.L vs. CEG - Volatility Comparison
The current volatility for iShares Global Water UCITS ETF (IH2O.L) is 3.90%, while Constellation Energy Corp (CEG) has a volatility of 14.92%. This indicates that IH2O.L experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IH2O.L | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 14.92% | -11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 36.93% | -26.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.36% | 46.44% | -34.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.99% | 49.19% | -35.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 49.19% | -34.26% |
Dividends
IH2O.L vs. CEG - Dividend Comparison
IH2O.L's dividend yield for the trailing twelve months is around 1.43%, more than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IH2O.L iShares Global Water UCITS ETF | 1.43% | 1.35% | 1.05% | 1.21% | 1.11% | 1.67% | 1.00% | 1.43% | 1.77% | 1.52% | 1.62% | 1.61% |
Frequently Asked Questions
IH2O.L and CEG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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