URNG.L vs. AQWG.L
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and AQWG.L (Global X Clean Water UCITS ETF) are both exchange-traded funds - URNG.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components, while AQWG.L is a Water Equities fund tracking the S&P Global Water TR. Both are passively managed. Over the past 3 years, URNG.L returned 36.12%/yr vs 7.66%/yr for AQWG.L. At a 0.30 correlation, their price movements are largely independent. URNG.L charges 0.65%/yr vs 0.50%/yr for AQWG.L.
Performance
URNG.L vs. AQWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, URNG.L achieves a 18.27% return, which is significantly higher than AQWG.L's -0.99% return.
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
AQWG.L
- 1D
- -0.23%
- 1M
- -1.39%
- YTD
- -0.99%
- 6M
- -3.24%
- 1Y
- 2.35%
- 3Y*
- 7.66%
- 5Y*
- —
- 10Y*
- —
URNG.L vs. AQWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URNG.L Global X Uranium UCITS ETF USD Accumulating | 18.27% | 58.50% | 2.96% | 30.86% | -14.11% |
AQWG.L Global X Clean Water UCITS ETF | -0.99% | 5.17% | 7.79% | 18.26% | 2.75% |
Correlation
The correlation between URNG.L and AQWG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.30 |
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Return for Risk
URNG.L vs. AQWG.L — Risk / Return Rank
URNG.L
AQWG.L
URNG.L vs. AQWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Global X Clean Water UCITS ETF (AQWG.L). 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.
| URNG.L | AQWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.04 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 0.21 | +1.76 |
| Martin ratioReturn relative to average drawdown | 5.06 | 0.52 | +4.53 |
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
| URNG.L | AQWG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.18 | +1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.23 | +0.29 |
Drawdowns
URNG.L vs. AQWG.L - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -38.98%, which is greater than AQWG.L's maximum drawdown of -23.03%. Use the drawdown chart below to compare losses from any high point for URNG.L and AQWG.L.
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Drawdown Indicators
| URNG.L | AQWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -23.03% | -15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -11.23% | -21.36% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | -17.73% | -21.25% |
Current DrawdownCurrent decline from peak | -13.93% | -9.71% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -7.35% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 4.49% | +8.26% |
Volatility
URNG.L vs. AQWG.L - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a higher volatility of 14.89% compared to Global X Clean Water UCITS ETF (AQWG.L) at 3.98%. This indicates that URNG.L's price experiences larger fluctuations and is considered to be riskier than AQWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNG.L | AQWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 3.98% | +10.91% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 9.96% | +23.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 13.03% | +36.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 15.00% | +24.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.66% | 15.00% | +24.66% |
URNG.L vs. AQWG.L - Expense Ratio Comparison
URNG.L has a 0.65% expense ratio, which is higher than AQWG.L's 0.50% expense ratio.
Dividends
URNG.L vs. AQWG.L - Dividend Comparison
Neither URNG.L nor AQWG.L has paid dividends to shareholders.
Frequently Asked Questions
URNG.L and AQWG.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AQWG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AQWG.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNG.L.
URNG.L is categorized as Commodity Producers Equities, while AQWG.L is Water Equities. URNG.L tracks Solactive Global Uranium & Nuclear Components, while AQWG.L tracks S&P Global Water TR. Their fees differ too: 0.65% for URNG.L and 0.50% for AQWG.L.
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