CGW vs. PIO
Compare and contrast key facts about Invesco S&P Global Water Index ETF (CGW) and Invesco Global Water ETF (PIO).
CGW and PIO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGW is a passively managed fund by Invesco that tracks the performance of the S&P Global Water Index. It was launched on May 14, 2007. PIO is a passively managed fund by Invesco that tracks the performance of the NASDAQ OMX Global Water Index. It was launched on Jun 13, 2007. Both CGW and PIO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGW or PIO.
Correlation
The correlation between CGW and PIO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CGW vs. PIO - Performance Comparison
Key characteristics
CGW:
0.58
PIO:
0.28
CGW:
0.90
PIO:
0.54
CGW:
1.11
PIO:
1.07
CGW:
0.60
PIO:
0.30
CGW:
1.49
PIO:
0.88
CGW:
6.16%
PIO:
5.86%
CGW:
15.89%
PIO:
18.22%
CGW:
-57.24%
PIO:
-64.91%
CGW:
-2.24%
PIO:
-1.93%
Returns By Period
In the year-to-date period, CGW achieves a 9.34% return, which is significantly higher than PIO's 8.52% return. Over the past 10 years, CGW has outperformed PIO with an annualized return of 9.12%, while PIO has yielded a comparatively lower 7.15% annualized return.
CGW
9.34%
6.11%
4.37%
5.22%
12.91%
9.12%
PIO
8.52%
7.38%
4.79%
1.86%
11.10%
7.15%
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CGW vs. PIO - Expense Ratio Comparison
CGW has a 0.57% expense ratio, which is lower than PIO's 0.75% expense ratio.
Risk-Adjusted Performance
CGW vs. PIO — Risk-Adjusted Performance Rank
CGW
PIO
CGW vs. PIO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Global Water Index ETF (CGW) and Invesco Global Water ETF (PIO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CGW vs. PIO - Dividend Comparison
CGW's dividend yield for the trailing twelve months is around 2.07%, more than PIO's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 2.07% | 2.27% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% |
PIO Invesco Global Water ETF | 0.83% | 0.78% | 0.84% | 1.02% | 1.19% | 0.88% | 1.19% | 2.00% | 1.00% | 1.45% | 1.62% | 1.42% |
Drawdowns
CGW vs. PIO - Drawdown Comparison
The maximum CGW drawdown since its inception was -57.24%, smaller than the maximum PIO drawdown of -64.91%. Use the drawdown chart below to compare losses from any high point for CGW and PIO. For additional features, visit the drawdowns tool.
Volatility
CGW vs. PIO - Volatility Comparison
The current volatility for Invesco S&P Global Water Index ETF (CGW) is 8.70%, while Invesco Global Water ETF (PIO) has a volatility of 12.04%. This indicates that CGW experiences smaller price fluctuations and is considered to be less risky than PIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.