- ISIN
- US73936T6230
- CUSIP
- 46138E651
- Issuer
- Invesco
- Inception Date
- Jun 13, 2007
- Region
- Developed Markets (Broad)
- Category
- Water Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ OMX Global Water Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $273M
Highlights
- Avg. Volume (1M)
- 6K
- Avg. Volume Value (1M)
- $288.77K
Share Price Chart
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Performance
PIO Performance Chart
Invesco Global Water ETF (PIO) is up 2.5% since the beginning of the year. PIO is currently trading at $45 per share. Investors who bought $1,000 worth of PIO shares 5 years ago would now be looking at an investment worth $1,128.
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Returns By Period
Invesco Global Water ETF (PIO) has returned 2.47% so far this year and 3.32% over the past 12 months. Over the last ten years, PIO has returned 8.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco Global Water ETF
- 1D
- 0.36%
- 1M
- -1.36%
- 6M
- -2.92%
- YTD
- 2.47%
- 1Y
- 3.32%
- 3Y*
- 7.98%
- 5Y*
- 2.43%
- 10Y*
- 8.71%
- ALL TIME*
- 4.54%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PIO Monthly Returns History
Based on dividend-adjusted daily data since Jun 13, 2007, PIO's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 60% of months were positive and 40% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.56% | 3.66% | -10.03% | 6.01% | -4.08% | 2.55% | -0.18% | 2.47% | |||||
| 2025 | 5.04% | -0.19% | -1.87% | 4.21% | 2.85% | 4.71% | -1.54% | 1.89% | 0.21% | -0.08% | 0.61% | -2.09% | 14.25% |
| 2024 | -2.61% | 6.73% | 4.94% | -5.82% | 2.75% | -2.62% | 4.24% | 0.07% | 2.27% | -6.20% | 2.97% | -6.01% | -0.44% |
| 2023 | 8.91% | -3.21% | 1.68% | 0.49% | -2.84% | 5.31% | 2.99% | -1.93% | -6.40% | -5.54% | 14.67% | 8.27% | 22.19% |
| 2022 | -11.53% | -4.49% | -0.46% | -6.49% | -0.38% | -8.29% | 10.43% | -7.55% | -9.13% | 7.38% | 8.92% | -2.58% | -24.06% |
| 2021 | -0.16% | -1.08% | 5.00% | 5.92% | 3.22% | 0.61% | 5.92% | 2.21% | -7.19% | 5.04% | -1.49% | 6.22% | 25.97% |
Benchmark Metrics
Invesco Global Water ETF has an annualized alpha of -2.69%, beta of 0.92, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since June 13, 2007.
- This ETF participated in 114.21% of S&P 500 Index downside but only 96.43% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.69% 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.
- Alpha
- -2.69%
- Beta
- 0.92
- R²
- 0.69
- Upside Capture
- 96.43%
- Downside Capture
- 114.21%
Expense Ratio
PIO has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PIO ranks 15 for risk / return — above 15% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco Global Water ETF (PIO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.00 | -1.77 |
| Martin ratioReturn relative to average drawdown | 0.54 | 8.49 | -7.95 |
Dividends
Dividend History
Invesco Global Water ETF provided a 0.90% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.46 | $0.31 | $0.33 | $0.33 | $0.52 | $0.31 | $0.37 | $0.46 | $0.26 | $0.30 | $0.34 |
Dividend yield | 0.90% | 1.04% | 0.78% | 0.84% | 1.02% | 1.19% | 0.88% | 1.20% | 2.00% | 1.00% | 1.45% | 1.63% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.31 | $0.00 | $0.35 | |||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.46 |
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.31 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.17 | $0.52 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 6.96%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.88%Mar 2009 | 1y 4mo | 5y 3mo | 6y 7moNov 2007 - Jun 2014 | Financial crisis2007–2009 |
-35.76%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 | COVID crash2020 |
-34.27%Sep 2022 | 9mo 1d | 1y 6mo | 2y 2moDec 2021 - Mar 2024 | Bear market2022 |
-26.34%Feb 2016 | 8mo 25d | 1y 7mo | 2y 3moMay 2015 - Sep 2017 | — |
-17.08%Apr 2025 | 10mo 27d | 1mo 7d | 12mo 4dMay 2024 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| PIO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.88% | -56.78% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.14% | -9.10% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -18.90% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -25.43% | -8.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.76% | -33.92% | -1.84% |
Current DrawdownCurrent decline from peak | -6.96% | -1.58% | -5.38% |
Average DrawdownAverage peak-to-trough decline | -15.36% | -10.70% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 2.14% | +3.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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