GRIN vs PIO
Comparison between VictoryShares International Free Cash Flow Growth ETF (GRIN, ETF) and INVESCO GLOBAL WATER ETF (PIO, ETF).
GRIN vs PIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GRIN
$274M
PIO
$273M
Expense Ratio
Winner
GRIN
0.56%
PIO
0.75%
Max Drawdown
Winner
GRIN
14.36%
PIO
65.37%
Sharpe Ratio
Winner
GRIN
1.12
PIO
-0.10
5Y Beta
GRIN
1.44
Winner
PIO
0.74
P/E Ratio
GRIN
N/A
PIO
24.83
Forward P/E
GRIN
N/A
PIO
21.48
PEG Ratio
GRIN
N/A
PIO
0.63
5Y Dividends CAGR
GRIN
N/A
PIO
10.89%
Debt to Equity
GRIN
N/A
PIO
44.38%
P/S Ratio
GRIN
N/A
PIO
3.48
P/B Ratio
GRIN
N/A
PIO
3.62
GRIN vs PIO - Holdings Comparison
GRIN and PIO have 1 common holdings. Overlap is 0.00%
GRIN's top 25 holdings weight is 51.00%. PIO's top 25 holdings weight is 92.07%.
| Rank | GRIN | PIO |
|---|---|---|
| #1 | KIOXIA HOLDINGS CORP ORDINARY SHARES (n/a) - 4.41% | ROPER TECHNOLOGIES INC (ROP) - 9.75% |
| #2 | ASML HOLDING NV (n/a) - 3.88% | ECOLAB INC (ECL) - 8.69% |
| #3 | ADVANTEST CORP (n/a) - 3.14% | PENTAIR PLC (PNR) - 7.21% |
| #4 | TOKYO ELECTRON LTD (n/a) - 2.71% | EBARA CORP (n/a) - 6.02% |
| #5 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 2.27% | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 5.52% |
| #6 | BARRICK MINING CORP (n/a) - 2.20% | WATERS CORP (WAT) - 4.22% |
| #7 | FUJIKURA LTD (n/a) - 2.09% | GEBERIT AG (n/a) - 4.19% |
| #8 | ASTRAZENECA PLC (AZN) - 2.06% | FERGUSON ENTERPRISES INC (FERG) - 4.19% |
| #9 | NOVO NORDISK AS CLASS B (n/a) - 2.06% | IDEXX LABORATORIES INC (IDXX) - 3.89% |
| #10 | n/a (BDRBF) - 1.96% | VEOLIA ENVIRONNEMENT SA (n/a) - 3.82% |
| #11 | TECHNIPFMC PLC (n/a) - 1.94% | AGILENT TECHNOLOGIES INC (A) - 3.18% |
| #12 | SAP SE (n/a) - 1.87% | COMPANIA DE SANEAMENTO DE MINAS GERAIS COPASA MG (n/a) - 3.10% |
| #13 | FAST RETAILING CO LTD (n/a) - 1.79% | AMERICAN WATER WORKS CO INC (AWK) - 2.96% |
| #14 | UCB SA (n/a) - 1.76% | XYLEM INC (XYL) - 2.89% |
| #15 | INTERCONTINENTAL HOTELS GROUP PLC (n/a) - 1.72% | STANTEC INC (STN) - 2.50% |
| #16 | SEA LTD ADR (SE) - 1.64% | VERALTO CORP (VLTO) - 2.35% |
| #17 | LASERTEC CORP (n/a) - 1.63% | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 2.34% |
| #18 | VESTAS WIND SYSTEMS AS (n/a) - 1.62% | HALMA PLC (n/a) - 2.28% |
| #19 | HOCHTIEF AG (n/a) - 1.61% | GEA GROUP AG (n/a) - 2.16% |
| #20 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.49% | BELIMO HOLDING AG (n/a) - 1.96% |
| #21 | KINROSS GOLD CORP (n/a) - 1.47% | SEVERN TRENT PLC (n/a) - 1.95% |
| #22 | ARGENX SE (n/a) - 1.43% | COWAY (n/a) - 1.85% |
| #23 | WARTSILA CORP (n/a) - 1.43% | IDEX CORP (IEX) - 1.81% |
| #24 | DISCO CORP (n/a) - 1.42% | KURITA WATER INDUSTRIES LTD (n/a) - 1.71% |
| #25 | SCREEN HOLDINGS CO LTD (n/a) - 1.40% | GEORG FISCHER AG (n/a) - 1.53% |
| Total Holdings | 102 | 49 |
GRIN vs PIO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GRIN
+8.40%
PIO
+1.96%
3M
Winner
GRIN
+10.30%
PIO
+3.25%
6M
Winner
GRIN
+12.86%
PIO
-6.43%
1Y
Winner
GRIN
+31.87%
PIO
+0.69%
5Y(CAGR)
GRIN
N/A
PIO
+2.20%
10Y(CAGR)
GRIN
N/A
PIO
+8.61%
Max(CAGR)
Winner
GRIN
+29.45%
PIO
+4.48%
GRIN vs PIO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GRIN | PIO |
|---|---|---|
| 2026 | +22.56% | +2.04% |
| 2025 | +8.73% | +14.88% |
| 2024 | N/A | +0.77% |
| 2023 | N/A | +21.34% |
| 2022 | N/A | -23.40% |
| 2021 | N/A | +26.12% |
| 2020 | N/A | +13.96% |
| 2019 | N/A | +35.07% |
| 2018 | N/A | -9.66% |
| 2017 | N/A | +26.39% |
| 2016 | N/A | +1.84% |
| 2015 | N/A | -7.16% |
| 2014 | N/A | +2.10% |
| 2013 | N/A | +28.16% |
| 2012 | N/A | +14.11% |
| 2011 | N/A | -21.57% |
| 2010 | N/A | +9.36% |
| 2009 | N/A | +36.58% |
| 2008 | N/A | -44.55% |
| 2007 | N/A | +0.08% |
GRIN vs PIO Drawdown Comparison
The maximum drawdown for GRIN was -14.31%, occurring on Mar 30, 2026. Recovery took 32 trading sessions.
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The current GRIN drawdown is -1.07%. The current PIO drawdown is -6.65%.
| Rank | GRIN | PIO |
|---|---|---|
| #1 | -14.31% Feb 26, 2026 - Apr 14, 2026 | -64.88% Oct 31, 2007 - Jun 9, 2014 |
| #2 | -9.93% Jun 22, 2026 - Aug 17, 2026 | -35.76% Feb 19, 2020 - Sep 2, 2020 |
| #3 | -7.55% Jan 27, 2026 - Feb 25, 2026 | -34.27% Dec 29, 2021 - Mar 28, 2024 |
| #4 | -7.29% Jun 4, 2026 - Jun 15, 2026 | -26.33% May 21, 2015 - Sep 8, 2017 |
| #5 | -7.08% Oct 6, 2025 - Dec 23, 2025 | -17.09% May 15, 2024 - May 15, 2025 |
| #6 | -6.22% May 8, 2026 - May 26, 2026 | -16.95% Jan 22, 2018 - Mar 13, 2019 |
| #7 | -5.42% Apr 17, 2026 - May 6, 2026 | -16.14% Jul 13, 2007 - Oct 29, 2007 |
| #8 | -3.59% Jul 23, 2025 - Aug 12, 2025 | -13.88% Jun 20, 2014 - May 14, 2015 |
| #9 | -2.66% Aug 17, 2026 - Aug 18, 2026 | -13.15% Feb 26, 2026 - Mar 27, 2026 |
| #10 | -2.05% May 26, 2026 - Jun 1, 2026 | -9.89% Sep 2, 2021 - Dec 29, 2021 |
| #11 | -2.05% Jun 30, 2025 - Jul 23, 2025 | -7.14% Mar 28, 2024 - May 15, 2024 |
| #12 | -2.03% Sep 22, 2025 - Oct 1, 2025 | -6.54% Jan 8, 2021 - Apr 1, 2021 |
| #13 | -1.96% May 6, 2026 - May 8, 2026 | -6.20% Oct 24, 2025 - Jan 15, 2026 |
| #14 | -1.92% Aug 22, 2025 - Sep 5, 2025 | -5.98% May 3, 2019 - Jun 20, 2019 |
| #15 | -1.67% Dec 26, 2025 - Jan 5, 2026 | -5.80% Oct 12, 2020 - Nov 5, 2020 |
Correlation
Correlation between GRIN and PIO is 0.39 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.39
-101
Dividend Comparison (2008 - 2026)
GRIN vs PIO dividend yield comparison.
| Year | GRIN | PIO |
|---|---|---|
| 2026 | 0.40% | 0.78% |
| 2025 | 0.16% | 1.04% |
| 2024 | 0.00% | 0.78% |
| 2023 | 0.00% | 0.84% |
| 2022 | 0.00% | 1.02% |
| 2021 | 0.00% | 1.19% |
| 2020 | 0.00% | 0.88% |
| 2019 | 0.00% | 1.20% |
| 2018 | 0.00% | 2.00% |
| 2017 | 0.00% | 1.00% |
| 2016 | 0.00% | 1.45% |
| 2015 | 0.00% | 1.63% |
| 2014 | 0.00% | 1.42% |
| 2013 | 0.00% | 1.50% |
| 2012 | 0.00% | 1.82% |
| 2011 | 0.00% | 1.63% |
| 2010 | 0.00% | 0.87% |
| 2009 | 0.00% | 1.27% |
| 2008 | 0.00% | 1.38% |
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