---
ticker: "FIW"
name: "First Trust Water ETF"
url: "https://etf.net/etf/FIW"
grade: "B"
score: 65
graded_at: "2026-10-12"
category: "Water"
category_rank: "1 of 6"
methodology: "https://etf.net/methodology"
---

# FIW: First Trust Water ETF

Grade **B**, Score 65 of 100. Rank 1 of 6 in Water.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 66 | 2 of 6 |
| Mission | Not scored | — |
| Risk | 41 | 5 of 6 |
| Tradability | 75 | 2 of 6 |
| Holdings | 79 | 1 of 6 |
| Durability | 76 | 2 of 6 |

## Top holdings

The fund holds 38 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | A | Agilent Technologies, Inc. | 4.63% |
| 2 | WAT | Waters Corporation | 4.37% |
| 3 | ECL | Ecolab Inc. | 4.15% |
| 4 | VLTO | Veralto Corporation | 4.10% |
| 5 | FERG | Ferguson Enterprises Inc. | 4.09% |
| 6 | J | Jacobs Solutions Inc. | 3.90% |
| 7 | XYL | Xylem Inc. | 3.89% |
| 8 | AWK | American Water Works Company, Inc. | 3.89% |
| 9 | IDXX | IDEXX Laboratories, Inc. | 3.88% |
| 10 | IEX | IDEX Corporation | 3.74% |
| 11 | ROP | Roper Technologies, Inc. | 3.58% |
| 12 | MLI | Mueller Industries, Inc. | 3.55% |
| 13 | MAS | Masco Corporation | 3.48% |
| 14 | BSY | Bentley Systems, Inc. (Class B) | 3.47% |
| 15 | WMS | Advanced Drainage Systems, Inc. | 3.38% |
| 16 | VMI | Valmont Industries, Inc. | 3.12% |
| 17 | WTS | Watts Water Technologies, Inc. | 3.02% |
| 18 | TTEK | Tetra Tech, Inc. | 2.89% |
| 19 | ACM | Aecom | 2.75% |
| 20 | PNR | Pentair Plc | 2.72% |
| 21 | FELE | Franklin Electric Co., Inc. | 2.04% |
| 22 | ZWS | Zurn Elkay Water Solutions Corp. | 2.03% |
| 23 | BMI | Badger Meter, Inc. | 2.02% |
| 24 | AOS | A.O. Smith Corporation | 1.99% |
| 25 | CNM | Core & Main, Inc. (Class A) | 1.96% |
| 26 | STN | Stantec Inc. | 1.91% |
| 27 | AQN | Algonquin Power & Utilities Corp. | 1.88% |
| 28 | ITRI | Itron, Inc. | 1.84% |
| 29 | FBIN | Fortune Brands Innovations Inc. | 1.84% |
| 30 | SBS | Cia. de Saneamento Basico do Estado de Sao Paulo - SABESP (ADR) | 1.81% |

Source: etf.net, https://etf.net/etf/FIW. Please cite the page URL.