PIO
Invesco Global Water ETF
Invesco Global Water Portfolio seeks investment results that correspond to the price and yield of the Palisades Global Water Index, a modified equal-weighted index that tracks global companies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 267.5 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Jun 13, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PENTAIR PLC | 8.2 % |
| ECOLAB INC | 7.9 % |
| ROPER TECHNOLOGIES, INC. | 7.5 % |
| VEOLIA ENVIRONNEMENT | 7.3 % |
| CIA SANEAMENTO BASICO DE SP | 6.6 % |
| EBARA CORP | 4.6 % |
| WATERS CORP | 4.3 % |
| GEBERIT AG-REG | 4.1 % |
| FERGUSON ENTERPRISES INC | 4.0 % |
| STANTEC INC | 3.8 % |
Constituent Breakdown
| Number of holdings | 35 |
| Herfindahl-Hirschman Index | 462 |
| Wgt avg mkt cap (mns) | $22,020 |
| Large cap (>$10bn) | 78.4% |
| Mid cap ($2-10bn) | 14.4% |
| Small cap (<$2bn) | 2.3% |
| Developed mkts. | 87.8% |
| Emerging mkts. | 11.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 39.2 % |
 |
BRITAIN | 15.9 % |
 |
JAPAN | 10.4 % |
 |
SWITZERLAND | 9.8 % |
 |
FRANCE | 7.3 % |
 |
BRAZIL | 6.6 % |
 |
CANADA | 3.8 % |
 |
INDIA | 2.7 % |
 |
SOUTH KOREA | 1.6 % |
 |
NETHERLANDS | 0.9 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.3% | 10.1% | 6.5% | 9.4% | 3.7% | 7.8% | -- | 3.4% |
| Dividend Yield | 0.1% | 1.2% | 1.0% | 1.0% | 1.1% | 1.3% | -- | 1.3% |
| Total Returns | 4.4% | 11.2% | 7.5% | 10.4% | 4.8% | 9.1% | -- | 4.6% | Ann. Volatility | 19.2% | 14.4% | 16.4% | 15.7% | 17.6% | 18.2% | -- | 22.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 53% |
| MSCI EAFE | 0.82 | 69% |
| MSCI Emg Mkts | 0.54 | 49% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.50% |
Technical Indicators
| 30d moving avg. (EMA) | $45.36 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -0.25/0.04 |
| Bollinger Bands (Upper/Lower) | $47.31/$44.07 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PIO |
Expenses vs. PIO |
ALTAR Score™ vs. PIO |
|---|---|---|---|---|
| TBLU | Tortoise Global Water ESG ETF | 49.1% | -35 bp | -0.1% |
| PHO | Invesco Water Resources ETF | 44.2% | -15 bp | +0.7% |
| CGW | Invesco S&P Global Water Index ETF | 43.9% | -18 bp | +0.0% |
| EFRA | iShares Environmental Infrastructure and Industrials ETF | 36.6% | -28 bp | +0.6% |
| FIW | First Trust Water ETF | 34.8% | -22 bp | +0.7% |
| EBLU | Ecofin Global Water ESG Fund | 31.1% | -35 bp | -0.2% |
| AQWA | Global X Clean Water ETF | 29.2% | -25 bp | +0.5% |
| EVX | VanEck Environmental Services ETF | 26.3% | -20 bp | -0.5% |
Risk and Returns: PIO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/22/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.2%
ALTAR SCORE™
63rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 713 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. PIO's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places PIO in the 63rd percentile
among funds in the category.
Sell-Side Consensus
$54.55
PRICE TARGET
+25.3%
UPSIDE