PIO vs. COMP
PIO (Invesco Global Water ETF) is Water Equities fund tracking the NASDAQ OMX Global Water Index, while COMP (Compass, Inc.) is a stock. Over the past 5 years, PIO returned 3.14%/yr vs -7.17%/yr for COMP. At a 0.43 correlation, their price movements are largely independent.
Performance
PIO vs. COMP - Performance Comparison
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Returns By Period
In the year-to-date period, PIO achieves a 0.15% return, which is significantly higher than COMP's -6.43% return.
PIO
- 1D
- -1.35%
- 1M
- 0.58%
- YTD
- 0.15%
- 6M
- -0.46%
- 1Y
- 2.15%
- 3Y*
- 9.15%
- 5Y*
- 3.14%
- 10Y*
- 8.99%
COMP
- 1D
- 1.12%
- 1M
- 17.74%
- YTD
- -6.43%
- 6M
- -6.87%
- 1Y
- 58.24%
- 3Y*
- 47.69%
- 5Y*
- -7.17%
- 10Y*
- —
PIO vs. COMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PIO Invesco Global Water ETF | 0.15% | 14.25% | -0.44% | 22.19% | -24.06% | 21.47% |
COMP Compass, Inc. | -6.43% | 80.68% | 55.59% | 61.37% | -74.37% | -57.22% |
Correlation
The correlation between PIO and COMP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.43 |
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Return for Risk
PIO vs. COMP — Risk / Return Rank
PIO
COMP
PIO vs. COMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Water ETF (PIO) and Compass, Inc. (COMP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIO | COMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.21 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.15 | -0.99 |
| Martin ratioReturn relative to average drawdown | 0.43 | 2.36 | -1.94 |
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Drawdowns
PIO vs. COMP - Drawdown Comparison
The maximum PIO drawdown since its inception was -64.88%, smaller than the maximum COMP drawdown of -91.29%. Use the drawdown chart below to compare losses from any high point for PIO and COMP.
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Drawdown Indicators
| PIO | COMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.88% | -91.29% | +26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.14% | -50.81% | +37.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -57.24% | +40.16% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -89.25% | +54.98% |
Max Drawdown (10Y)Largest decline over 10 years | -35.76% | — | — |
Current DrawdownCurrent decline from peak | -9.07% | -53.46% | +44.39% |
Average DrawdownAverage peak-to-trough decline | -15.40% | -68.13% | +52.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 24.71% | -19.66% |
Volatility
PIO vs. COMP - Volatility Comparison
The current volatility for Invesco Global Water ETF (PIO) is 4.41%, while Compass, Inc. (COMP) has a volatility of 20.24%. This indicates that PIO experiences smaller price fluctuations and is considered to be less risky than COMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIO | COMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 20.24% | -15.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 52.10% | -39.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 64.37% | -49.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 80.11% | -62.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 79.03% | -60.87% |
Dividends
PIO vs. COMP - Dividend Comparison
PIO's dividend yield for the trailing twelve months is around 0.92%, while COMP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMP Compass, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIO Invesco Global Water ETF | 0.92% | 1.04% | 0.78% | 0.84% | 1.02% | 1.19% | 0.88% | 1.20% | 2.00% | 1.00% | 1.45% | 1.63% |
Frequently Asked Questions
PIO and COMP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMP has higher volatility (20.24%) compared to PIO (4.41%). In terms of maximum drawdown, PIO dropped -64.88% vs COMP's -91.29%.
COMP currently has the higher Sharpe Ratio (0.91 vs 0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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