Invesco Global Water ETF (PIO)

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Invesco Global Water ETF (PIO) is up 0.1% since the beginning of the year. PIO is currently trading at $44 per share. Investors who bought $1,000 worth of PIO shares 5 years ago would now be looking at an investment worth $1,172.

Invesco Global Water ETF (PIO) has returned 0.14% so far this year and 2.91% over the past 12 months. Over the last ten years, PIO has returned 8.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jun 13, 2007, PIO's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +18.2%, while the worst month was Oct 2008 at -26.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PIO closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +19.2%, while the worst single day was Nov 19, 2008 at -10.9%.

Invesco Global Water ETF has an annualized alpha of -2.87%, beta of 0.92, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since June 14, 2007.

• This ETF participated in 114.13% of S&P 500 Index downside but only 95.67% of its upside - more exposed to losses than it benefited from rallies.
• This ETF had an annualized alpha of -2.87% versus S&P 500 Index - delivering less than market exposure alone would predict.
• With beta of 0.92 and R2 of 0.69, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

PIO has an expense ratio of 0.75%, placing it in the medium range.

PIO ranks 12 for risk / return — in the bottom 12% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Invesco Global Water ETF (PIO) and compare them to S&P 500 Index.

Invesco Global Water ETF provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.45 per share.

The table displays the monthly dividend distributions for Invesco Global Water ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Global Water ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Global Water ETF was 64.88%, occurring on Mar 9, 2009. Recovery took 1321 trading sessions.

The current Invesco Global Water ETF drawdown is 9.07%.

The chart below shows the rolling one-month volatility.