EBLU vs. PIO
Compare and contrast key facts about Ecofin Global Water ESG Fund (EBLU) and Invesco Global Water ETF (PIO).
EBLU and PIO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBLU is a passively managed fund by Tortoise that tracks the performance of the Ecofin Water ESG Index. It was launched on Feb 15, 2017. 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 EBLU 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: EBLU or PIO.
Key characteristics
| EBLU | PIO | |
|---|---|---|
| YTD Return | 10.92% | 9.48% |
| 1Y Return | 24.19% | 24.64% |
| 3Y Return (Ann) | 4.82% | 4.88% |
| 5Y Return (Ann) | 12.91% | 11.68% |
| Sharpe Ratio | 1.79 | 1.72 |
| Daily Std Dev | 13.64% | 14.45% |
| Max Drawdown | -37.58% | -64.92% |
| Current Drawdown | -0.71% | -0.62% |
Correlation
The correlation between EBLU and PIO is 0.76, 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
EBLU vs. PIO - Performance Comparison
In the year-to-date period, EBLU achieves a 10.92% return, which is significantly higher than PIO's 9.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EBLU vs. PIO - Expense Ratio Comparison
EBLU has a 0.40% expense ratio, which is lower than PIO's 0.75% expense ratio.
Risk-Adjusted Performance
EBLU vs. PIO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Water ESG Fund (EBLU) 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
EBLU vs. PIO - Dividend Comparison
EBLU's dividend yield for the trailing twelve months is around 1.31%, more than PIO's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBLU Ecofin Global Water ESG Fund | 1.31% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% |
PIO Invesco Global Water ETF | 0.75% | 0.84% | 1.02% | 1.19% | 0.88% | 1.20% | 2.00% | 1.00% | 1.45% | 1.63% | 1.42% | 1.50% |
Drawdowns
EBLU vs. PIO - Drawdown Comparison
The maximum EBLU drawdown since its inception was -37.58%, smaller than the maximum PIO drawdown of -64.92%. Use the drawdown chart below to compare losses from any high point for EBLU and PIO. For additional features, visit the drawdowns tool.
Volatility
EBLU vs. PIO - Volatility Comparison
The current volatility for Ecofin Global Water ESG Fund (EBLU) is 2.92%, while Invesco Global Water ETF (PIO) has a volatility of 3.54%. This indicates that EBLU 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.