PIO vs. AQWA
Compare and contrast key facts about Invesco Global Water ETF (PIO) and Global X Clean Water ETF (AQWA).
PIO and AQWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AQWA is a passively managed fund by Global X that tracks the performance of the Solactive Global Clean Water Industry Index. It was launched on Apr 8, 2021. Both PIO and AQWA 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: PIO or AQWA.
Correlation
The correlation between PIO and AQWA is 0.72, 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
PIO vs. AQWA - Performance Comparison
Key characteristics
PIO:
0.06
AQWA:
0.14
PIO:
0.22
AQWA:
0.33
PIO:
1.03
AQWA:
1.04
PIO:
0.07
AQWA:
0.17
PIO:
0.20
AQWA:
0.45
PIO:
5.87%
AQWA:
5.42%
PIO:
18.13%
AQWA:
17.10%
PIO:
-64.91%
AQWA:
-29.44%
PIO:
-2.60%
AQWA:
-3.77%
Returns By Period
In the year-to-date period, PIO achieves a 7.77% return, which is significantly higher than AQWA's 5.23% return.
PIO
7.77%
16.58%
1.32%
0.20%
10.59%
6.86%
AQWA
5.23%
11.38%
-1.81%
0.21%
N/A
N/A
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PIO vs. AQWA - Expense Ratio Comparison
PIO has a 0.75% expense ratio, which is higher than AQWA's 0.50% expense ratio.
Risk-Adjusted Performance
PIO vs. AQWA — Risk-Adjusted Performance Rank
PIO
AQWA
PIO vs. AQWA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Water ETF (PIO) and Global X Clean Water ETF (AQWA). 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
PIO vs. AQWA - Dividend Comparison
PIO's dividend yield for the trailing twelve months is around 0.84%, less than AQWA's 1.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIO Invesco Global Water ETF | 0.84% | 0.78% | 0.84% | 1.02% | 1.19% | 0.88% | 1.19% | 2.00% | 1.00% | 1.45% | 1.62% | 1.42% |
AQWA Global X Clean Water ETF | 1.33% | 1.40% | 1.53% | 1.56% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIO vs. AQWA - Drawdown Comparison
The maximum PIO drawdown since its inception was -64.91%, which is greater than AQWA's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for PIO and AQWA. For additional features, visit the drawdowns tool.
Volatility
PIO vs. AQWA - Volatility Comparison
Invesco Global Water ETF (PIO) has a higher volatility of 9.08% compared to Global X Clean Water ETF (AQWA) at 7.49%. This indicates that PIO's price experiences larger fluctuations and is considered to be riskier than AQWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.