XMLC.DE vs. IQQQ.DE
XMLC.DE (L&G Clean Water UCITS ETF) and IQQQ.DE (iShares Global Water UCITS ETF) are both Water Equities funds - XMLC.DE tracks the Solactive Clean Water while IQQQ.DE tracks the S&P Global Water. Both are passively managed. Over the past 5 years, XMLC.DE returned 6.47%/yr vs 5.32%/yr for IQQQ.DE. Their correlation of 0.90 suggests significant overlap in exposure. XMLC.DE charges 0.49%/yr vs 0.65%/yr for IQQQ.DE.
Performance
XMLC.DE vs. IQQQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLC.DE achieves a 2.11% return, which is significantly higher than IQQQ.DE's -0.71% return.
XMLC.DE
- 1D
- 0.01%
- 1M
- -1.48%
- YTD
- 2.11%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
IQQQ.DE
- 1D
- -0.44%
- 1M
- -2.76%
- YTD
- -0.71%
- 6M
- -1.95%
- 1Y
- 1.74%
- 3Y*
- 6.09%
- 5Y*
- 5.32%
- 10Y*
- 9.10%
XMLC.DE vs. IQQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -12.64% | 37.15% | 7.97% | 11.56% |
IQQQ.DE iShares Global Water UCITS ETF | -0.71% | 5.27% | 10.22% | 9.85% | -16.58% | 42.81% | 4.77% | 11.73% |
Correlation
The correlation between XMLC.DE and IQQQ.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.90 |
The correlation between XMLC.DE and IQQQ.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
XMLC.DE vs. IQQQ.DE — Risk / Return Rank
XMLC.DE
IQQQ.DE
XMLC.DE vs. IQQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (XMLC.DE) and iShares Global Water UCITS ETF (IQQQ.DE). 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.
| XMLC.DE | IQQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.03 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.19 | +0.43 |
| Martin ratioReturn relative to average drawdown | 1.60 | 0.49 | +1.10 |
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
| XMLC.DE | IQQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.15 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.36 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.50 | +0.07 |
Drawdowns
XMLC.DE vs. IQQQ.DE - Drawdown Comparison
The maximum XMLC.DE drawdown since its inception was -35.25%, smaller than the maximum IQQQ.DE drawdown of -48.04%. Use the drawdown chart below to compare losses from any high point for XMLC.DE and IQQQ.DE.
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Drawdown Indicators
| XMLC.DE | IQQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -48.04% | +12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -8.94% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -17.50% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -24.39% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.50% | — |
Current DrawdownCurrent decline from peak | -7.57% | -7.97% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -7.76% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 3.51% | +0.77% |
Volatility
XMLC.DE vs. IQQQ.DE - Volatility Comparison
L&G Clean Water UCITS ETF (XMLC.DE) has a higher volatility of 4.03% compared to iShares Global Water UCITS ETF (IQQQ.DE) at 3.43%. This indicates that XMLC.DE's price experiences larger fluctuations and is considered to be riskier than IQQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLC.DE | IQQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.43% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 8.83% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 11.67% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 14.47% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 15.19% | +3.47% |
XMLC.DE vs. IQQQ.DE - Expense Ratio Comparison
XMLC.DE has a 0.49% expense ratio, which is lower than IQQQ.DE's 0.65% expense ratio.
Dividends
XMLC.DE vs. IQQQ.DE - Dividend Comparison
XMLC.DE has not paid dividends to shareholders, while IQQQ.DE's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ.DE iShares Global Water UCITS ETF | 1.65% | 1.56% | 1.12% | 1.31% | 1.17% | 1.88% | 1.16% | 1.55% | 2.08% | 1.76% | 1.85% | 1.79% |
XMLC.DE 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% |
Frequently Asked Questions
XMLC.DE and IQQQ.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMLC.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMLC.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for IQQQ.DE.
XMLC.DE tracks Solactive Clean Water, while IQQQ.DE tracks S&P Global Water. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for XMLC.DE and 0.65% for IQQQ.DE.
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