PIO vs. EPI
Compare and contrast key facts about Invesco Global Water ETF (PIO) and WisdomTree India Earnings Fund (EPI).
PIO and EPI 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. EPI is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Earnings Index. It was launched on Feb 22, 2008. Both PIO and EPI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PIO vs. EPI - Performance Comparison
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PIO vs. EPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIO Invesco Global Water ETF | -0.13% | 14.25% | -0.44% | 22.19% | -24.06% | 25.97% | 14.22% | 35.59% | -9.71% | 26.52% |
EPI WisdomTree India Earnings Fund | -11.92% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
Returns By Period
In the year-to-date period, PIO achieves a -0.13% return, which is significantly higher than EPI's -11.92% return. Both investments have delivered pretty close results over the past 10 years, with PIO having a 8.95% annualized return and EPI not far ahead at 9.10%.
PIO
- 1D
- 1.45%
- 1M
- -7.63%
- YTD
- -0.13%
- 6M
- -1.69%
- 1Y
- 10.97%
- 3Y*
- 9.00%
- 5Y*
- 4.87%
- 10Y*
- 8.95%
EPI
- 1D
- -0.07%
- 1M
- -7.80%
- YTD
- -11.92%
- 6M
- -8.30%
- 1Y
- -6.28%
- 3Y*
- 9.09%
- 5Y*
- 6.70%
- 10Y*
- 9.10%
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PIO vs. EPI - Expense Ratio Comparison
PIO has a 0.75% expense ratio, which is lower than EPI's 0.84% expense ratio.
Return for Risk
PIO vs. EPI — Risk / Return Rank
PIO
EPI
PIO vs. EPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Water ETF (PIO) and WisdomTree India Earnings Fund (EPI). 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.
| PIO | EPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | -0.39 | +1.01 |
Sortino ratioReturn per unit of downside risk | 1.01 | -0.45 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.13 | 0.95 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | -0.40 | +1.23 |
Martin ratioReturn relative to average drawdown | 2.98 | -1.24 | +4.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIO | EPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | -0.39 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.41 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.45 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.13 | +0.07 |
Correlation
The correlation between PIO and EPI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PIO vs. EPI - Dividend Comparison
PIO's dividend yield for the trailing twelve months is around 1.02%, while EPI has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIO Invesco Global Water ETF | 1.02% | 1.04% | 0.78% | 0.84% | 1.02% | 1.19% | 0.88% | 1.20% | 2.00% | 1.00% | 1.45% | 1.63% |
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
Drawdowns
PIO vs. EPI - Drawdown Comparison
The maximum PIO drawdown since its inception was -64.88%, roughly equal to the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for PIO and EPI.
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Drawdown Indicators
| PIO | EPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.88% | -66.21% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.14% | -16.88% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -21.89% | -12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -35.76% | -50.29% | +14.53% |
Current DrawdownCurrent decline from peak | -9.31% | -19.56% | +10.25% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -18.68% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 5.45% | -1.78% |
Volatility
PIO vs. EPI - Volatility Comparison
Invesco Global Water ETF (PIO) and WisdomTree India Earnings Fund (EPI) have volatilities of 6.77% and 6.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIO | EPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 6.84% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 11.47% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 16.34% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 16.27% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 20.37% | -2.24% |