Tortoise Global Water Fund (TBLU) 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 TBLU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TBLU
TBLU charges 0.40% annually. No ETFs in the Water Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Water ETF | 0.50% | 1.84B | May 2007 | TBLU vs FIW | |
| Global X Clean Water ETF | 0.50% | 23.54M | Apr 2021 | TBLU vs AQWA | |
| Invesco S&P Global Water Index ETF | 0.57% | 1.06B | May 2007 | TBLU vs CGW | |
| Invesco Water Resources ETF | 0.59% | 1.99B | Dec 2005 | TBLU vs PHO | |
| Invesco Global Water ETF | 0.75% | 277.59M | Jun 2007 | TBLU vs PIO |
Best Risk-Adjusted Alternatives to TBLU
TBLU has a PortfoliosLab risk / return rank of 10. There are 3 ETFs in the Water Equities category with higher risk-adjusted ranks, going as high as 20.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 20 | 1.06B | May 2007 | TBLU vs CGW | |
| Global X Clean Water ETF | 12 | 23.54M | Apr 2021 | TBLU vs AQWA | |
| Invesco Global Water ETF | 11 | 277.59M | Jun 2007 | TBLU vs PIO | |
| First Trust Water ETF | 10 | 1.84B | May 2007 | TBLU vs FIW | |
| Invesco Water Resources ETF | 8 | 1.99B | Dec 2005 | TBLU vs PHO |
Top Performing TBLU Alternatives (YTD)
TBLU is at 1.99% YTD. There are 2 ETFs in the Water Equities category with higher YTD returns, going as high as 3.70%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 3.70% | 1.06B | May 2007 | TBLU vs CGW | |
| Global X Clean Water ETF | 2.40% | 23.54M | Apr 2021 | TBLU vs AQWA | |
| Invesco Global Water ETF | 1.91% | 277.59M | Jun 2007 | TBLU vs PIO | |
| First Trust Water ETF | -0.82% | 1.84B | May 2007 | TBLU vs FIW | |
| Invesco Water Resources ETF | -2.65% | 1.99B | Dec 2005 | TBLU vs PHO |
Lowest Volatility Alternatives to TBLU
TBLU has 14.84% 1-year volatility. There are 2 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 | TBLU vs CGW | |
| Global X Clean Water ETF | 14.77% | 23.54M | Apr 2021 | TBLU vs AQWA | |
| Invesco Global Water ETF | 15.21% | 277.59M | Jun 2007 | TBLU vs PIO | |
| Invesco Water Resources ETF | 15.41% | 1.99B | Dec 2005 | TBLU vs PHO | |
| First Trust Water ETF | 16.02% | 1.84B | May 2007 | TBLU vs FIW |
Lowest Drawdown Alternatives to TBLU
TBLU has a 1-year max drawdown of -13.17%. There are 3 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 | TBLU vs CGW | |
| Global X Clean Water ETF | -12.34% | 23.54M | Apr 2021 | TBLU vs AQWA | |
| Invesco Global Water ETF | -13.14% | 277.59M | Jun 2007 | TBLU vs PIO | |
| Invesco Water Resources ETF | -13.78% | 1.99B | Dec 2005 | TBLU vs PHO | |
| First Trust Water ETF | -13.81% | 1.84B | May 2007 | TBLU vs FIW |
Other ETFs from Tortoise
The 5 most viewed Tortoise ETFs shown here include TCAI, TPYP, TMLP and span 3 categories. AUM among these funds goes as high as $686M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Tortoise AI Infrastructure ETF | Technology Equities | — | 65.64% | 169.58M | Aug 2025 | TBLU vs TCAI | |
| Tortoise North American Pipeline Fund | Energy Equities | 76 | 24.03% | 685.69M | Jun 2015 | TBLU vs TPYP | |
| Tortoise MLP ETF | MLPs, Energy Equities | — | 17.21% | 37.78M | Dec 2025 | TBLU vs TMLP | |
| Tortoise Nuclear Renaissance ETF | Energy Equities | — | -4.32% | 1.98M | Dec 2025 | TBLU vs TNUK | |
| Tortoise Electrification Infrastructure ETF | Energy Equities | 35 | 10.26% | — | Dec 2024 | TBLU vs TPZ |
Often Compared With TBLU
Investors most often compare TBLU with BNO, XJH, DBE. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare TBLU with Any Fund or Stock
Compare TBLU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TBLU with funds that move differently
Tortoise Global Water Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TBLU.
Explore TBLU Diversifiers