Invesco S&P Global Water Index ETF (CGW) belongs to the Water Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CGW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CGW
CGW charges 0.57% annually. There are 3 ETFs in the Water Equities category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Tortoise Global Water Fund | 0.40% | 56.56M | Feb 2017 | CGW vs TBLU | |
| Global X Clean Water ETF | 0.50% | 23.54M | Apr 2021 | CGW vs AQWA | |
| First Trust Water ETF | 0.50% | 1.84B | May 2007 | CGW vs FIW | |
| Invesco Water Resources ETF | 0.59% | 1.99B | Dec 2005 | CGW vs PHO | |
| Invesco Global Water ETF | 0.75% | 277.59M | Jun 2007 | CGW vs PIO |
Best Risk-Adjusted Alternatives to CGW
CGW has a PortfoliosLab risk / return rank of 18. No ETFs in the Water Equities category have higher risk-adjusted ranks; the top alternatives shown here go as high as 11.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Clean Water ETF | 11 | 23.54M | Apr 2021 | CGW vs AQWA | |
| Invesco Global Water ETF | 11 | 277.59M | Jun 2007 | CGW vs PIO | |
| Tortoise Global Water Fund | 9 | 56.56M | Feb 2017 | CGW vs TBLU | |
| First Trust Water ETF | 8 | 1.84B | May 2007 | CGW vs FIW | |
| Invesco Water Resources ETF | 7 | 1.99B | Dec 2005 | CGW vs PHO |
Top Performing CGW Alternatives (YTD)
CGW is at 3.62% YTD. No ETFs in the Water Equities category have higher YTD returns; the top-performing alternatives shown here go as high as 3.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Global Water ETF | 3.06% | 277.59M | Jun 2007 | CGW vs PIO | |
| Global X Clean Water ETF | 2.91% | 23.54M | Apr 2021 | CGW vs AQWA | |
| Tortoise Global Water Fund | 1.94% | 56.56M | Feb 2017 | CGW vs TBLU | |
| First Trust Water ETF | -0.70% | 1.84B | May 2007 | CGW vs FIW | |
| Invesco Water Resources ETF | -1.81% | 1.99B | Dec 2005 | CGW vs PHO |
Lowest Volatility Alternatives to CGW
CGW has 13.72% 1-year volatility. No ETFs in the Water Equities category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 14.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Clean Water ETF | 14.72% | 23.54M | Apr 2021 | CGW vs AQWA | |
| Tortoise Global Water Fund | 14.86% | 56.56M | Feb 2017 | CGW vs TBLU | |
| Invesco Global Water ETF | 15.23% | 277.59M | Jun 2007 | CGW vs PIO | |
| Invesco Water Resources ETF | 15.43% | 1.99B | Dec 2005 | CGW vs PHO | |
| First Trust Water ETF | 16.05% | 1.84B | May 2007 | CGW vs FIW |
Lowest Drawdown Alternatives to CGW
CGW has a 1-year max drawdown of -10.86%. No ETFs in the Water Equities category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -12.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Clean Water ETF | -12.34% | 23.54M | Apr 2021 | CGW vs AQWA | |
| Invesco Global Water ETF | -13.14% | 277.59M | Jun 2007 | CGW vs PIO | |
| Tortoise Global Water Fund | -13.17% | 56.56M | Feb 2017 | CGW vs TBLU | |
| Invesco Water Resources ETF | -13.78% | 1.99B | Dec 2005 | CGW vs PHO | |
| First Trust Water ETF | -13.81% | 1.84B | May 2007 | CGW vs FIW |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | CGW vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | CGW vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | CGW vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | CGW vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | CGW vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | CGW vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | CGW vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | CGW vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | CGW vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | CGW vs PPA |
Often Compared With CGW
Investors most often compare CGW with SPY, GWRS, DGT. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare CGW with Any Fund or Stock
Compare CGW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CGW with funds that move differently
Invesco S&P Global Water Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CGW.
Explore CGW Diversifiers