Invesco Global Water ETF
$44.45−0.08 (−0.18%)
- 0.75%
- $269M
- +0.7%
- 0.88%
- 0M sh
- $44.51
- low $42.09high $48.63
The ETF.net PIO Grade
D
Score 35 out of 100
- 6 of 6
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 6 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 3 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 4 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 6 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 4 of 6
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
- 45
- 60%
- SBSP3.SA
Geography
- United States39.10%
- United Kingdom14.27%
- Japan13.66%
- Brazil13.21%
- Switzerland6.87%
- France3.70%
- India2.61%
- Canada2.52%
- 4.05%
Developed 71% · Emerging 29%
PIO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PIO$10,071
Returns run to the Oct 12, 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 | +1.7% |
| 1 month | +2.9% |
| 3 months | −2.1% |
| 1 year | +0.7% |
| 3 years | +11.1% |
| 5 years | +3.5% |
| 10 years | +8.9% |
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 | +1.7% | |
| 2025 | +14.2% | |
| 2024 | −0.5% | |
| 2023 | +22.2% | |
| 2022 | −24.1% | |
| 2021 | +26.0% | |
| 2020 | +14.2% |
PIO in the news
PIO Dividends
- 0.88%
- $0.39
- $0.31 per share
- Quarterly
Distribution history
PIO Risk
- 16.8%
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.
- 0.36
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.
- 0.98
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
0.75%
PIO0.75%
- The middle half of Water funds
- Median 0.54%
Every other Water fund charges less.
Other funds in Water
- BFIWFirst Trust Water ETFExpense ratio 0.50%1 year return −4.4%
- BTBLUTortoise Global Water FundExpense ratio 0.40%1 year return −1.7%
- CPHOInvesco Water Resources ETFExpense ratio 0.59%1 year return −3.6%
- CCGWInvesco S&P Global Water Index ETFExpense ratio 0.58%1 year return +3.3%
- CAQWAGlobal X - Clean Water ETFExpense ratio 0.50%1 year return −4.4%