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FIW vs. PIO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIW 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FIW vs. PIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Water ETF (FIW) and Invesco Global Water ETF (PIO). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
450.27%
106.74%
FIW
PIO

Key characteristics

Sharpe Ratio

FIW:

0.16

PIO:

0.14

Sortino Ratio

FIW:

0.37

PIO:

0.33

Omega Ratio

FIW:

1.04

PIO:

1.04

Calmar Ratio

FIW:

0.16

PIO:

0.15

Martin Ratio

FIW:

0.53

PIO:

0.43

Ulcer Index

FIW:

5.54%

PIO:

5.83%

Daily Std Dev

FIW:

18.39%

PIO:

18.17%

Max Drawdown

FIW:

-52.75%

PIO:

-64.91%

Current Drawdown

FIW:

-9.15%

PIO:

-5.31%

Returns By Period

In the year-to-date period, FIW achieves a -1.51% return, which is significantly lower than PIO's 4.77% return. Over the past 10 years, FIW has outperformed PIO with an annualized return of 12.81%, while PIO has yielded a comparatively lower 6.46% annualized return.


FIW

YTD

-1.51%

1M

-0.98%

6M

-5.49%

1Y

1.27%

5Y*

15.43%

10Y*

12.81%

PIO

YTD

4.77%

1M

-0.27%

6M

0.14%

1Y

0.28%

5Y*

10.70%

10Y*

6.46%

*Annualized

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FIW vs. PIO - Expense Ratio Comparison

FIW has a 0.54% expense ratio, which is lower than PIO's 0.75% expense ratio.


Expense ratio chart for PIO: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PIO: 0.75%
Expense ratio chart for FIW: current value is 0.54%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FIW: 0.54%

Risk-Adjusted Performance

FIW vs. PIO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIW
The Risk-Adjusted Performance Rank of FIW is 3535
Overall Rank
The Sharpe Ratio Rank of FIW is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of FIW is 3535
Sortino Ratio Rank
The Omega Ratio Rank of FIW is 3333
Omega Ratio Rank
The Calmar Ratio Rank of FIW is 3737
Calmar Ratio Rank
The Martin Ratio Rank of FIW is 3434
Martin Ratio Rank

PIO
The Risk-Adjusted Performance Rank of PIO is 3333
Overall Rank
The Sharpe Ratio Rank of PIO is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of PIO is 3333
Sortino Ratio Rank
The Omega Ratio Rank of PIO is 3131
Omega Ratio Rank
The Calmar Ratio Rank of PIO is 3535
Calmar Ratio Rank
The Martin Ratio Rank of PIO is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FIW vs. PIO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Water ETF (FIW) 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.


The chart of Sharpe ratio for FIW, currently valued at 0.16, compared to the broader market-1.000.001.002.003.004.00
FIW: 0.16
PIO: 0.14
The chart of Sortino ratio for FIW, currently valued at 0.37, compared to the broader market-2.000.002.004.006.008.00
FIW: 0.37
PIO: 0.33
The chart of Omega ratio for FIW, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
FIW: 1.04
PIO: 1.04
The chart of Calmar ratio for FIW, currently valued at 0.16, compared to the broader market0.002.004.006.008.0010.0012.00
FIW: 0.16
PIO: 0.15
The chart of Martin ratio for FIW, currently valued at 0.53, compared to the broader market0.0020.0040.0060.00
FIW: 0.53
PIO: 0.43

The current FIW Sharpe Ratio is 0.16, which is comparable to the PIO Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of FIW and PIO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.16
0.14
FIW
PIO

Dividends

FIW vs. PIO - Dividend Comparison

FIW's dividend yield for the trailing twelve months is around 0.75%, less than PIO's 0.86% yield.


TTM20242023202220212020201920182017201620152014
FIW
First Trust Water ETF
0.75%0.70%0.68%0.67%0.37%0.56%0.55%0.73%1.13%0.51%0.76%0.75%
PIO
Invesco Global Water ETF
0.86%0.78%0.84%1.02%1.19%0.88%1.19%2.00%1.00%1.45%1.62%1.42%

Drawdowns

FIW vs. PIO - Drawdown Comparison

The maximum FIW drawdown since its inception was -52.75%, smaller than the maximum PIO drawdown of -64.91%. Use the drawdown chart below to compare losses from any high point for FIW and PIO. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-9.15%
-5.31%
FIW
PIO

Volatility

FIW vs. PIO - Volatility Comparison

The current volatility for First Trust Water ETF (FIW) is 11.21%, while Invesco Global Water ETF (PIO) has a volatility of 11.96%. This indicates that FIW 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.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
11.21%
11.96%
FIW
PIO