NUW vs PIO
Comparison between Nuveen AMT-Free Municipal Value Fund (NUW, ETF) and INVESCO GLOBAL WATER ETF (PIO, ETF).
5-Year PerformancePIO has outperformed NUW, delivering a return of +3.2% compared to +0.5%
NUW vs PIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NUW vs PIO - Historical Returns
Returns include dividend reinvestment.
NUW vs PIO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | NUW | PIO |
|---|---|---|
| 2026 | +1.41% | +0.48% |
| 2025 | +9.41% | +14.88% |
| 2024 | +3.29% | +0.77% |
| 2023 | +2.95% | +21.34% |
| 2022 | -15.89% | -23.40% |
| 2021 | +5.31% | +26.12% |
| 2020 | +4.40% | +13.96% |
| 2019 | +12.76% | +35.07% |
| 2018 | -9.84% | -9.66% |
| 2017 | +11.83% | +26.39% |
| 2016 | -4.32% | +1.84% |
| 2015 | +6.71% | -7.16% |
| 2014 | +20.77% | +2.10% |
| 2013 | -11.59% | +28.16% |
| 2012 | +7.03% | +14.11% |
| 2011 | +19.47% | -21.57% |
| 2010 | +2.75% | +9.36% |
| 2009 | +9.28% | +36.58% |
| 2008 | N/A | -44.55% |
| 2007 | N/A | +0.08% |
NUW vs PIO Drawdown Comparison
The maximum drawdown for NUW was -26.42%, occurring on Mar 18, 2020. Recovery took 468 trading sessions.
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The current NUW drawdown is -1.79%. The current PIO drawdown is -8.09%.
| Rank | NUW | PIO |
|---|---|---|
| #1 | -26.42% Aug 21, 2019 - Jun 30, 2021 | -64.88% Oct 31, 2007 - Jun 9, 2014 |
| #2 | -22.58% Aug 26, 2021 - Oct 25, 2023 | -35.76% Feb 19, 2020 - Sep 2, 2020 |
| #3 | -21.56% Nov 26, 2012 - Dec 26, 2014 | -34.27% Dec 29, 2021 - Mar 28, 2024 |
| #4 | -19.59% Dec 15, 2017 - Jul 9, 2019 | -26.33% May 21, 2015 - Sep 8, 2017 |
| #5 | -17.70% Oct 6, 2010 - Oct 7, 2011 | -17.09% May 15, 2024 - May 15, 2025 |
| #6 | -17.00% Aug 23, 2016 - Dec 14, 2017 | -16.95% Jan 22, 2018 - Mar 13, 2019 |
| #7 | -10.55% Feb 28, 2012 - May 29, 2012 | -16.14% Jul 13, 2007 - Oct 29, 2007 |
| #8 | -8.61% Jan 22, 2015 - Nov 2, 2015 | -13.88% Jun 20, 2014 - May 14, 2015 |
| #9 | -6.02% Dec 28, 2015 - May 13, 2016 | -13.15% Feb 26, 2026 - Mar 27, 2026 |
| #10 | -4.75% Jul 12, 2019 - Aug 21, 2019 | -9.89% Sep 2, 2021 - Dec 29, 2021 |
| #11 | -4.68% Aug 6, 2012 - Sep 20, 2012 | -7.14% Mar 28, 2024 - May 15, 2024 |
| #12 | -4.07% Nov 1, 2012 - Nov 20, 2012 | -6.54% Jan 8, 2021 - Apr 1, 2021 |
| #13 | -3.99% Jul 1, 2016 - Jul 28, 2016 | -6.20% Oct 24, 2025 - Jan 15, 2026 |
| #14 | -3.72% May 29, 2012 - Jul 16, 2012 | -5.98% May 3, 2019 - Jun 20, 2019 |
| #15 | -3.47% Dec 4, 2015 - Dec 18, 2015 | -5.80% Oct 12, 2020 - Nov 5, 2020 |
Correlation
Correlation between NUW and PIO is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2008 - 2026)
NUW vs PIO dividend yield comparison.
| Year | NUW | PIO |
|---|---|---|
| 2026 | 2.04% | 0.10% |
| 2025 | 4.07% | 1.04% |
| 2024 | 3.89% | 0.78% |
| 2023 | 3.58% | 0.84% |
| 2022 | 3.44% | 1.02% |
| 2021 | 3.98% | 1.19% |
| 2020 | 2.85% | 0.88% |
| 2019 | 3.87% | 1.20% |
| 2018 | 5.34% | 2.00% |
| 2017 | 5.33% | 1.00% |
| 2016 | 4.72% | 1.45% |
| 2015 | 4.45% | 1.63% |
| 2014 | 4.62% | 1.42% |
| 2013 | 5.90% | 1.50% |
| 2012 | 4.28% | 1.82% |
| 2011 | 5.17% | 1.63% |
| 2010 | 6.00% | 0.87% |
| 2009 | 3.86% | 1.27% |
| 2008 | 0.00% | 1.38% |
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