TBLU vs. AQWA
Compare and contrast key facts about Tortoise Global Water Fund (TBLU) and Global X Clean Water ETF (AQWA).
TBLU and AQWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBLU is a passively managed fund by Tortoise that tracks the performance of the Tortoise Global Water ESG Net Total Return Index. It was launched on Feb 14, 2017. 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 TBLU 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
TBLU vs. AQWA - Performance Comparison
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TBLU vs. AQWA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBLU Tortoise Global Water Fund | -0.12% | 11.82% | 8.54% | 20.95% | -25.99% | 18.07% |
AQWA Global X Clean Water ETF | 1.90% | 13.15% | 4.34% | 20.13% | -19.89% | 15.85% |
Returns By Period
In the year-to-date period, TBLU achieves a -0.12% return, which is significantly lower than AQWA's 1.90% return.
TBLU
- 1D
- -0.54%
- 1M
- -6.82%
- YTD
- -0.12%
- 6M
- -2.48%
- 1Y
- 10.02%
- 3Y*
- 10.79%
- 5Y*
- 5.65%
- 10Y*
- —
AQWA
- 1D
- -0.47%
- 1M
- -5.97%
- YTD
- 1.90%
- 6M
- -0.83%
- 1Y
- 12.92%
- 3Y*
- 11.19%
- 5Y*
- —
- 10Y*
- —
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TBLU vs. AQWA - Expense Ratio Comparison
TBLU has a 0.40% expense ratio, which is lower than AQWA's 0.50% expense ratio.
Return for Risk
TBLU vs. AQWA — Risk / Return Rank
TBLU
AQWA
TBLU vs. AQWA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Global Water Fund (TBLU) 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.
| TBLU | AQWA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.80 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.27 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.19 | -0.36 |
Martin ratioReturn relative to average drawdown | 2.64 | 3.84 | -1.20 |
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
| TBLU | AQWA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.80 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.37 | +0.15 |
Correlation
The correlation between TBLU and AQWA is 0.88, 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.
Dividends
TBLU vs. AQWA - Dividend Comparison
TBLU's dividend yield for the trailing twelve months is around 3.31%, more than AQWA's 1.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBLU Tortoise Global Water Fund | 3.31% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% |
AQWA Global X Clean Water ETF | 1.44% | 1.47% | 1.40% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TBLU vs. AQWA - Drawdown Comparison
The maximum TBLU drawdown since its inception was -37.58%, which is greater than AQWA's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for TBLU and AQWA.
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Drawdown Indicators
| TBLU | AQWA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -29.44% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -11.48% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | — | — |
Current DrawdownCurrent decline from peak | -9.96% | -8.47% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -8.27% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 3.55% | +0.57% |
Volatility
TBLU vs. AQWA - Volatility Comparison
Tortoise Global Water Fund (TBLU) has a higher volatility of 5.82% compared to Global X Clean Water ETF (AQWA) at 5.54%. This indicates that TBLU'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
| TBLU | AQWA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.54% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 10.04% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 16.19% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 16.67% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 16.67% | +2.33% |