FIW vs PIO
First Trust Water ETF against Invesco Global Water ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
33%
11 shared positions
Fee gap
25 bp
FIW is cheaper
1-year return gap
6.3 pts
PIO is ahead
Larger fund
FIW
$1.7B
Side by side
| FIW | PIO | |
|---|---|---|
| Fund | First Trust Water ETF | Invesco Global Water ETF |
| Issuer | First Trust | Invesco |
| Category | Natural Resources & Agriculture | Natural Resources & Agriculture |
| Expense ratio | 0.50% | 0.75% |
| Assets | $1.7B | $269M |
| Average daily dollar volume | $6.8M | $309K |
| Listed | May 8, 2007 | Jun 13, 2007 |
| FrenzyCap score | 65 | 29 |
| 1-month return | +0.2% | +3.3% |
| 3-month return | −2.2% | −1.5% |
| Year to date | −3.3% | +0.8% |
| 1-year return | −8.0% | −1.7% |
| 30-day volatility | 12.6% | 12.8% |
| Worst drawdown, 1 year | −14.0% | −13.2% |
| Trailing 12-month yield | 0.76% | 0.88% |
| Holdings | 38 | 52 |
| Top 10 weight | 40.6% | 59.6% |
| Look-through P/E | 23.4 | — |
| Holdings vs fair value | −0.7% | — |
| Holdings above 200-day average | 38% | — |
| Net flow, latest 3 reported months | −$31M thru Jun 2026 | $0 thru Jul 2026 |
| 30-day implied volatility | 18.3% | 17.8% |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
42% of FIW · 42% of PIO
Sector mix of the stock holdings
| Sector | FIW | PIO | Gap |
|---|---|---|---|
| Industrials | 44.2% | 22.5% | +21.7% |
| Technology | 21.1% | 13.4% | +7.7% |
| Utilities | 11.3% | 3.2% | +8.1% |
| Consumer Staples | 6.0% | 8.1% | −2.1% |
| Materials | 9.2% | 0.0% | +9.2% |
| Health Care | 3.3% | 3.7% | −0.4% |
| Consumer Discretionary | 1.7% | 0.0% | +1.7% |
More: full overlap table · FIW holdings · PIO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.