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 a closer substitute for your current allocation.
Cheapest Alternatives to FIW
FIW charges 0.50% annually. There is 1 ETF in the Water Equities category with a lower expense ratio, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Tortoise Global Water Fund | 0.40% | 56.56M | Feb 2017 | FIW vs TBLU | |
| Global X Clean Water ETF | 0.50% | 23.54M | Apr 2021 | FIW vs AQWA | |
| Invesco S&P Global Water Index ETF | 0.57% | 1.06B | May 2007 | FIW vs CGW | |
| Invesco Water Resources ETF | 0.59% | 1.99B | Dec 2005 | FIW vs PHO | |
| Invesco Global Water ETF | 0.75% | 277.59M | Jun 2007 | FIW vs PIO |
Best Risk-Adjusted Alternatives to FIW
FIW has a PortfoliosLab risk / return rank of 8. There are 4 ETFs in the Water Equities category with higher risk-adjusted ranks, going as high as 18.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 18 | 1.06B | May 2007 | FIW vs CGW | |
| Global X Clean Water ETF | 11 | 23.54M | Apr 2021 | FIW vs AQWA | |
| Invesco Global Water ETF | 11 | 277.59M | Jun 2007 | FIW vs PIO | |
| Tortoise Global Water Fund | 9 | 56.56M | Feb 2017 | FIW vs TBLU | |
| Invesco Water Resources ETF | 7 | 1.99B | Dec 2005 | FIW vs PHO |
Top Performing FIW Alternatives (YTD)
FIW is at -0.70% YTD. There are 4 ETFs in the Water Equities category with higher YTD returns, going as high as 3.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 3.62% | 1.06B | May 2007 | FIW vs CGW | |
| Invesco Global Water ETF | 3.06% | 277.59M | Jun 2007 | FIW vs PIO | |
| Global X Clean Water ETF | 2.91% | 23.54M | Apr 2021 | FIW vs AQWA | |
| Tortoise Global Water Fund | 1.94% | 56.56M | Feb 2017 | FIW vs TBLU | |
| Invesco Water Resources ETF | -1.81% | 1.99B | Dec 2005 | FIW vs PHO |
Lowest Volatility Alternatives to FIW
FIW has 16.05% 1-year volatility. There are 5 ETFs in the Water Equities category with lower 1-year volatility, going as low as 13.72%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 13.72% | 1.06B | May 2007 | FIW vs CGW | |
| Global X Clean Water ETF | 14.72% | 23.54M | Apr 2021 | FIW vs AQWA | |
| Tortoise Global Water Fund | 14.86% | 56.56M | Feb 2017 | FIW vs TBLU | |
| Invesco Global Water ETF | 15.23% | 277.59M | Jun 2007 | FIW vs PIO | |
| Invesco Water Resources ETF | 15.43% | 1.99B | Dec 2005 | FIW vs PHO |
Lowest Drawdown Alternatives to FIW
FIW has a 1-year max drawdown of -13.81%. There are 5 ETFs in the Water Equities category with shallower 1-year drawdowns, going as shallow as -10.86%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | -10.86% | 1.06B | May 2007 | FIW vs CGW | |
| Global X Clean Water ETF | -12.34% | 23.54M | Apr 2021 | FIW vs AQWA | |
| Invesco Global Water ETF | -13.14% | 277.59M | Jun 2007 | FIW vs PIO | |
| Tortoise Global Water Fund | -13.17% | 56.56M | Feb 2017 | FIW vs TBLU | |
| Invesco Water Resources ETF | -13.78% | 1.99B | Dec 2005 | FIW vs PHO |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.
Often Compared With FIW
Investors most often compare FIW with SPY, CWW.TO, ICLN. These 20 comparison targets span 9 categories, 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.
Pair FIW with funds that move differently
First Trust Water ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FIW.
Explore FIW Diversifiers