Invesco Global Water ETF
$43.23−0.45 (−1.04%)
- Expense ratio
- 0.75%
- Fund size
- $262M
- 1Y return
- −1.7%
- Yield · Last 12 months
- 0.89%
- Holdings
- 41
- Volume · 30D
- 0M sh
- NAV per share
- $43.35
- 52W range
The ETF.net PIO Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 67Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
Our read on PIO
DInvesco's passport-carrying water fund: about 40 companies pulled from a Nasdaq global water index, running since 2007. The overseas counterpart to the US-focused water ETFs sitting next to it on Invesco's shelf.
The fund seeks to track the performance of the Nasdaq OMX Global Water Index before fees and expenses and generally invests at least 90% of its assets in securities represented by that index.
Why people hold it
- A genuinely global mandate. It tracks the Nasdaq OMX Global Water Index and keeps at least 90% of assets in that index's names, so the water story isn't limited to US utilities and pipe makers.invesco.com
- Launched in 2007, back when water was a fringe theme. It has run through multiple market cycles rather than arriving with the latest thematic wave.
- Rules-based and compact: roughly 40 holdings chosen by the index, not by a manager's conviction, with distributions paid quarterly.
Worth knowing
- At 0.75%, it charges more than the typical water fund. Invesco's own CGW runs 0.58% and First Trust's FIW 0.50%, both chasing similar plumbing.
- Thinly traded compared with the bigger names in the category, which tends to mean wider spreads at the moment you actually transact.
- About 40 stocks spread across global markets: individual names carry real weight, and foreign-listed holdings bring currency movement along for the ride.
PIO Holdings
- Stocks
- 41
- 56%
- ROP
Sectors
- Industrials49.6%
- Utilities17.0%
- Health Care11.3%
- Technology10.2%
- Materials10.0%
- Consumer Discr.2.0%
Geography
- United States43.40%
- United Kingdom13.60%
- Brazil10.00%
- Japan9.90%
- Switzerland8.55%
- France3.67%
- India2.80%
- Canada2.40%
- 5.67%
Developed 73% · Emerging 27%
PIO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PIO |
|---|---|
| Year to date | −0.3% |
| 1 month | −2.9% |
| 3 months | −1.8% |
| 1 year | −1.7% |
| 3 years | +9.8% |
| 5 years | +1.8% |
| 10 years | +8.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PIO |
|---|---|---|
| 2026 YTD | −0.3% | |
| 2025 | +14.2% | |
| 2024 | −0.5% | |
| 2023 | +22.2% | |
| 2022 | −24.1% | |
| 2021 | +26.0% | |
| 2020 | +14.2% |
PIO in the news
ETF.net Research hasn’t filed on PIO yet — coverage lands here as it’s written.
PIO Dividends
- 0.89%
- $0.39
- $0.31 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 22, 2026 | Jun 26, 2026 | $0.31 |
| Mar 23, 2026 | Mar 27, 2026 | $0.04 |
| Dec 22, 2025 | Dec 26, 2025 | $0.04 |
| Sep 22, 2025 | Sep 26, 2025 | $0.01 |
| Jun 23, 2025 | Jun 27, 2025 | $0.35 |
| Mar 24, 2025 | Mar 28, 2025 | $0.05 |
| Dec 23, 2024 | Dec 27, 2024 | $0.05 |
| Sep 23, 2024 | Sep 27, 2024 | $0.03 |
| Jun 24, 2024 | Jun 28, 2024 | $0.22 |
| Mar 18, 2024 | Mar 22, 2024 | $0.0084 |
| Dec 18, 2023 | Dec 22, 2023 | $0.08 |
| Sep 18, 2023 | Sep 22, 2023 | $0.04 |
PIO Risk
- 17.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −34.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PIO Cost
- The middle half of Water funds
- Median 0.54%
Every other Water fund charges less.