CGW vs ELCV
Invesco S&P Global Water Index ETF vs Eventide High Dividend ETF
Quick Verdict
ELCV has a lower expense ratio. ELCV delivered stronger 1-year returns. CGW offers more diversification with 82 holdings.
Side-by-Side Comparison
| Metric | CGW | ELCV | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.49% | |
| AUM | $1.1B | $262M | |
| Dividend Yield | 1.54% | 2.15% | |
| Holdings | 82 | 47 | |
| YTD Return | +2.34% | +19.57% | |
| 1Y Return | +2.85% | +25.61% | |
| 3Y Return (annualized) | +11.23% | - | |
| 5Y Return (annualized) | +3.55% | - | |
| Volatility (annualized) | 17.3% | 13.8% | |
| Max Drawdown | -57.2% | -18.4% | |
| Fund Family | Invesco (US) | Eventide | |
| Category | Equity | Equity | |
| Inception | May 14, 2007 | Sep 30, 2024 |
CGW vs ELCV Performance
Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US) and Eventide High Dividend ETF (ELCV) is a ETF from Eventide. Over the past year CGW returned +2.85% while ELCV returned +25.61%. Year to date, CGW is up 2.34% versus a gain of 19.57% for ELCV.
Risk: Volatility and Drawdowns
CGW has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 13.8% for ELCV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.2% for CGW and -18.4% for ELCV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGW charges 0.58% per year while ELCV charges 0.49%. On a $10,000 position that is $58 vs $49 annually, a gap of $9 per year that compounds over a long holding period. On income, CGW currently yields 1.54% against 2.15% for ELCV.
Holdings Overlap
CGW and ELCV share 0 holdings out of 113 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGW or ELCV?
CGW has an expense ratio of 0.58% while ELCV charges 0.49%. ELCV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, CGW or ELCV?
Over the past year CGW returned +2.85% vs +25.61% for ELCV, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), CGW annualized +7.18% vs +15.37% for ELCV. Past performance does not guarantee future results.
Which is riskier, CGW or ELCV?
CGW has been the more volatile fund at 17.3% annualized versus 13.8% for ELCV. Worst drawdown: CGW -57.2% vs ELCV -18.4%.
Should I hold both CGW and ELCV?
CGW and ELCV have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGW and ELCV?
CGW and ELCV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 113 unique securities.
Which pays a higher dividend, CGW or ELCV?
CGW yields 1.54% while ELCV yields 2.15%, so ELCV currently pays the higher dividend yield.
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