Invesco Global Water ETF (PIO) 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 PIO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIO
PIO charges 0.75% annually. There are 5 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 | PIO vs TBLU | |
| First Trust Water ETF | 0.50% | 1.84B | May 2007 | PIO vs FIW | |
| Global X Clean Water ETF | 0.50% | 23.54M | Apr 2021 | PIO vs AQWA | |
| Invesco S&P Global Water Index ETF | 0.57% | 1.06B | May 2007 | PIO vs CGW | |
| Invesco Water Resources ETF | 0.59% | 1.99B | Dec 2005 | PIO vs PHO |
Best Risk-Adjusted Alternatives to PIO
PIO has a PortfoliosLab risk / return rank of 11. There are 2 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 | PIO vs CGW | |
| Global X Clean Water ETF | 11 | 23.54M | Apr 2021 | PIO vs AQWA | |
| Tortoise Global Water Fund | 9 | 56.56M | Feb 2017 | PIO vs TBLU | |
| First Trust Water ETF | 8 | 1.84B | May 2007 | PIO vs FIW | |
| Invesco Water Resources ETF | 7 | 1.99B | Dec 2005 | PIO vs PHO |
Top Performing PIO Alternatives (YTD)
PIO is at 3.06% YTD. There is 1 ETF in the Water Equities category with a higher YTD return, 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 | PIO vs CGW | |
| Global X Clean Water ETF | 2.91% | 23.54M | Apr 2021 | PIO vs AQWA | |
| Tortoise Global Water Fund | 1.94% | 56.56M | Feb 2017 | PIO vs TBLU | |
| First Trust Water ETF | -0.70% | 1.84B | May 2007 | PIO vs FIW | |
| Invesco Water Resources ETF | -1.81% | 1.99B | Dec 2005 | PIO vs PHO |
Lowest Volatility Alternatives to PIO
PIO has 15.23% 1-year volatility. There are 3 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 | PIO vs CGW | |
| Global X Clean Water ETF | 14.72% | 23.54M | Apr 2021 | PIO vs AQWA | |
| Tortoise Global Water Fund | 14.86% | 56.56M | Feb 2017 | PIO vs TBLU | |
| Invesco Water Resources ETF | 15.43% | 1.99B | Dec 2005 | PIO vs PHO | |
| First Trust Water ETF | 16.05% | 1.84B | May 2007 | PIO vs FIW |
Lowest Drawdown Alternatives to PIO
PIO has a 1-year max drawdown of -13.14%. There are 2 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 | PIO vs CGW | |
| Global X Clean Water ETF | -12.34% | 23.54M | Apr 2021 | PIO vs AQWA | |
| Tortoise Global Water Fund | -13.17% | 56.56M | Feb 2017 | PIO vs TBLU | |
| Invesco Water Resources ETF | -13.78% | 1.99B | Dec 2005 | PIO vs PHO | |
| First Trust Water ETF | -13.81% | 1.84B | May 2007 | PIO 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 | PIO vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | PIO vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | PIO vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | PIO vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | PIO vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | PIO vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | PIO 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 | PIO vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | PIO vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | PIO vs PPA |
Often Compared With PIO
Investors most often compare PIO with COMP, VOO, ICLN. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare PIO with Any Fund or Stock
Compare PIO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIO with funds that move differently
Invesco Global Water ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIO.
Explore PIO Diversifiers