First Trust Water ETF (FIW) Alternatives
First Trust Water ETF (FIW) 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 FIW. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FIW
FIW charges 0.54% annually. Among ETFs in the Water Equities category, these options have the lowest expense ratios among FIW alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Ecofin Global Water ESG Fund | 0.40% | Feb 15, 2017 | FIW vs EBLU | |
| Global X Clean Water ETF | 0.50% | Apr 8, 2021 | FIW vs AQWA | |
| Invesco S&P Global Water Index ETF | 0.57% | May 14, 2007 | FIW vs CGW | |
| Invesco Water Resources ETF | 0.60% | Dec 6, 2005 | FIW vs PHO | |
| Invesco Global Water ETF | 0.75% | Jun 13, 2007 | FIW vs PIO |
Best Risk-Adjusted Alternatives to FIW
Among ETFs in the Water Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 63 | May 14, 2007 | FIW vs CGW | |
| Global X Clean Water ETF | 46 | Apr 8, 2021 | FIW vs AQWA | |
| Ecofin Global Water ESG Fund | 32 | Feb 15, 2017 | FIW vs EBLU | |
| Invesco Global Water ETF | 31 | Jun 13, 2007 | FIW vs PIO | |
| Invesco Water Resources ETF | 20 | Dec 6, 2005 | FIW vs PHO |
Top Performing FIW Alternatives (YTD)
FIW alternatives from the Water Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 1.47% | May 14, 2007 | FIW vs CGW | |
| Global X Clean Water ETF | 1.11% | Apr 8, 2021 | FIW vs AQWA | |
| Ecofin Global Water ESG Fund | -0.76% | Feb 15, 2017 | FIW vs EBLU | |
| Invesco Global Water ETF | -1.55% | Jun 13, 2007 | FIW vs PIO | |
| Invesco Water Resources ETF | -4.89% | Dec 6, 2005 | FIW vs PHO |
Lowest Volatility Alternatives to FIW
FIW alternatives from the Water Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 14.78% | May 14, 2007 | FIW vs CGW | |
| Global X Clean Water ETF | 16.14% | Apr 8, 2021 | FIW vs AQWA | |
| Ecofin Global Water ESG Fund | 17.16% | Feb 15, 2017 | FIW vs EBLU | |
| Invesco Global Water ETF | 17.54% | Jun 13, 2007 | FIW vs PIO | |
| Invesco Water Resources ETF | 18.55% | Dec 6, 2005 | FIW vs PHO |
Lowest Drawdown Alternatives to FIW
FIW alternatives from the Water Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | -10.33% | May 14, 2007 | FIW vs CGW | |
| Global X Clean Water ETF | -11.48% | Apr 8, 2021 | FIW vs AQWA | |
| Invesco Water Resources ETF | -11.98% | Dec 6, 2005 | FIW vs PHO | |
| Invesco Global Water ETF | -13.14% | Jun 13, 2007 | FIW vs PIO | |
| Ecofin Global Water ESG Fund | -13.17% | Feb 15, 2017 | FIW vs EBLU |
Other ETFs from First Trust
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Often Compared With FIW
What investors most often compare with FIW, based on PortfoliosLab usage data.
Compare FIW with Any Fund or Stock
Compare FIW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.