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 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Ecofin Global Water ESG Fund | 0.40% | 53.51M | Feb 2017 | TBLU vs EBLU | |
| Global X Clean Water ETF | 0.50% | 23.79M | Apr 2021 | TBLU vs AQWA | |
| First Trust Water ETF | 0.54% | 1.76B | May 2007 | TBLU vs FIW | |
| Invesco S&P Global Water Index ETF | 0.57% | 996.30M | May 2007 | TBLU vs CGW | |
| Invesco Water Resources ETF | 0.60% | 1.98B | Dec 2005 | TBLU vs PHO |
Best Risk-Adjusted Alternatives to TBLU
TBLU has a PortfoliosLab risk / return rank of 8. There are 3 ETFs in the Water Equities category with higher risk-adjusted ranks, going as high as 11.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 11 | 996.30M | May 2007 | TBLU vs CGW | |
| Invesco Global Water ETF | 11 | 269.35M | Jun 2007 | TBLU vs PIO | |
| Global X Clean Water ETF | 9 | 23.79M | Apr 2021 | TBLU vs AQWA | |
| Ecofin Global Water ESG Fund | 7 | 53.51M | Feb 2017 | TBLU vs EBLU | |
| First Trust Water ETF | 7 | 1.76B | May 2007 | TBLU vs FIW |
Top Performing TBLU Alternatives (YTD)
TBLU is at -1.99% YTD. There are 3 ETFs in the Water Equities category with higher YTD returns, going as high as 0.14%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Global Water ETF | 0.14% | 269.35M | Jun 2007 | TBLU vs PIO | |
| Global X Clean Water ETF | -0.68% | 23.79M | Apr 2021 | TBLU vs AQWA | |
| Invesco S&P Global Water Index ETF | -1.32% | 996.30M | May 2007 | TBLU vs CGW | |
| Ecofin Global Water ESG Fund | -1.99% | 53.51M | Feb 2017 | TBLU vs EBLU | |
| First Trust Water ETF | -3.78% | 1.76B | May 2007 | TBLU vs FIW |
Lowest Volatility Alternatives to TBLU
TBLU has 14.44% 1-year volatility. There are 2 ETFs in the Water Equities category with lower 1-year volatility, going as low as 13.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Global Water Index ETF | 13.28% | 996.30M | May 2007 | TBLU vs CGW | |
| Global X Clean Water ETF | 14.33% | 23.79M | Apr 2021 | TBLU vs AQWA | |
| Ecofin Global Water ESG Fund | 14.44% | 53.51M | Feb 2017 | TBLU vs EBLU | |
| Invesco Global Water ETF | 14.58% | 269.35M | Jun 2007 | TBLU vs PIO | |
| Invesco Water Resources ETF | 15.03% | 1.98B | Dec 2005 | TBLU vs PHO |
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% | 996.30M | May 2007 | TBLU vs CGW | |
| Global X Clean Water ETF | -12.34% | 23.79M | Apr 2021 | TBLU vs AQWA | |
| Invesco Global Water ETF | -13.14% | 269.35M | Jun 2007 | TBLU vs PIO | |
| Ecofin Global Water ESG Fund | -13.17% | 53.51M | Feb 2017 | TBLU vs EBLU | |
| Invesco Water Resources ETF | -13.78% | 1.98B | Dec 2005 | TBLU vs PHO |
Other ETFs from Tortoise
The 3 most viewed Tortoise ETFs shown here include TCAI, TPYP, TNUK and span 2 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 | — | 89.63% | 169.58M | Aug 2025 | TBLU vs TCAI | |
| Tortoise North American Pipeline Fund | Energy Equities | 49 | 20.07% | 685.69M | Jun 2015 | TBLU vs TPYP | |
| Tortoise Nuclear Renaissance ETF | Energy Equities | — | 3.92% | — | Dec 2025 | TBLU vs TNUK |
Often Compared With TBLU
Investors most often compare TBLU with DBE, BNO, DBO. These 10 comparison targets span 6 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | Oil & Gas | 71 | 83.68% | 99.79M | Jan 2007 | TBLU vs DBE | |
| United States Brent Oil Fund LP | Oil & Gas | 65 | 90.47% | 95.54M | Jun 2010 | TBLU vs BNO | |
| Invesco DB Oil Fund | Oil & Gas | 65 | 84.75% | 275.60M | Jan 2007 | TBLU vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | Commodities | 71 | 42.58% | 1.04B | Jul 2006 | TBLU vs GSG | |
| iShares Commodities Select Strategy ETF | Commodities | 71 | 39.67% | 1.15B | Oct 2014 | TBLU vs COMT | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | Nontraditional Bonds | 69 | 2.22% | 92.79M | Dec 2013 | TBLU vs AGZD | |
| Direxion Daily AVGO Bull 2X Shares | Leveraged Equities | 53 | 72.10% | 155.79M | Oct 2024 | TBLU vs AVL | |
| Brookstone Ultra-Short Bond ETF | Ultrashort Bond | 98 | 1.06% | 69.01M | Sep 2023 | TBLU vs BAMU | |
| TCW AAA CLO ETF | CLO | 99 | 2.21% | 480.83M | Nov 2024 | TBLU vs ACLO | |
| Invesco DB Commodity Index Tracking Fund | Commodities | 75 | 35.47% | 1.86B | Feb 2006 | TBLU vs DBC |
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