PIO vs CGW
Comparison between INVESCO GLOBAL WATER ETF (PIO, ETF) and INVESCO S&P GLOBAL WATER INDEX ETF (CGW, ETF).
5-Year PerformanceCGW has outperformed PIO, delivering a return of +4.7% compared to +2.3%
PIO vs CGW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PIO
$275M
Winner
CGW
$1B
Expense Ratio
PIO
0.75%
Winner
CGW
0.58%
Max Drawdown
PIO
65.37%
Winner
CGW
61.08%
Sharpe Ratio
PIO
-0.28
Winner
CGW
0.13
5Y Beta
PIO
0.75
Winner
CGW
0.52
P/E Ratio
PIO
25.74
Winner
CGW
24.03
Forward P/E
Winner
PIO
19.75
CGW
20.26
PEG Ratio
PIO
1.59
Winner
CGW
1.05
5Y Dividends CAGR
PIO
10.89%
Winner
CGW
11.92%
5Y EPS CAGR
PIO
N/A
CGW
14.85%
Debt to Equity
Winner
PIO
42.47%
CGW
48.12%
P/S Ratio
PIO
3.28
Winner
CGW
3.21
P/B Ratio
PIO
3.32
Winner
CGW
3.01
PIO vs CGW - Holdings Comparison
PIO and CGW have 7 common holdings. Overlap is 13.93%
PIO's top 25 holdings weight is 92.62%. CGW's top 25 holdings weight is 82.22%.
| Rank | PIO | CGW |
|---|---|---|
| #1 | ROPER TECHNOLOGIES INC (ROP) - 8.56% | XYLEM INC (XYL) - 7.68% |
| #2 | ECOLAB INC (ECL) - 8.35% | AMERICAN WATER WORKS CO INC (AWK) - 7.67% |
| #3 | PENTAIR PLC (PNR) - 8.24% | n/a (n/a) - 7.57% |
| #4 | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 7.04% | ESSENTIAL UTILITIES INC (WTRG) - 5.71% |
| #5 | EBARA CORP (n/a) - 7.03% | VERALTO CORP (VLTO) - 5.43% |
| #6 | VEOLIA ENVIRONNEMENT SA (n/a) - 4.03% | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 4.41% |
| #7 | FERGUSON ENTERPRISES INC (FERG) - 3.89% | SEVERN TRENT PLC (n/a) - 4.07% |
| #8 | IDEXX LABORATORIES INC (IDXX) - 3.88% | ECOLAB INC (ECL) - 4.00% |
| #9 | WATERS CORP (WAT) - 3.85% | ADVANCED DRAINAGE SYSTEMS INC (WMS) - 3.47% |
| #10 | GEBERIT AG (n/a) - 3.82% | GEBERIT AG (n/a) - 3.26% |
| #11 | COMPANIA DE SANEAMENTO DE MINAS GERAIS COPASA MG (n/a) - 3.71% | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 3.07% |
| #12 | XYLEM INC (XYL) - 2.97% | AMERICAN STATES WATER CO (AWR) - 2.70% |
| #13 | AMERICAN WATER WORKS CO INC (AWK) - 2.80% | CALIFORNIA WATER SERVICE GROUP (CWT) - 2.45% |
| #14 | AGILENT TECHNOLOGIES INC (A) - 2.75% | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 2.27% |
| #15 | HALMA PLC (n/a) - 2.35% | CORE & MAIN INC CLASS A (CNM) - 2.03% |
| #16 | STANTEC INC (STN) - 2.31% | n/a (n/a) - 2.02% |
| #17 | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 2.19% | H2O AMERICA (HTO) - 1.93% |
| #18 | VERALTO CORP (VLTO) - 2.17% | KURITA WATER INDUSTRIES LTD (n/a) - 1.93% |
| #19 | GEA GROUP AG (n/a) - 1.96% | SELECT WATER SOLUTIONS INC CLASS A (WTTR) - 1.86% |
| #20 | KURITA WATER INDUSTRIES LTD (n/a) - 1.93% | PENTAIR PLC (PNR) - 1.69% |
| #21 | BELIMO HOLDING AG (n/a) - 1.92% | BELIMO HOLDING AG (n/a) - 1.63% |
| #22 | SEVERN TRENT PLC (n/a) - 1.85% | n/a (n/a) - 1.46% |
| #23 | ORGANO CORP (n/a) - 1.75% | BADGER METER INC (BMI) - 1.36% |
| #24 | IDEX CORP (IEX) - 1.70% | FRANKLIN ELECTRIC CO INC (FELE) - 1.28% |
| #25 | COWAY (n/a) - 1.57% | PENNON GROUP PLC (n/a) - 1.27% |
| Total Holdings | 51 | 84 |
PIO vs CGW - Historical Returns
Returns include dividend reinvestment.
1M
PIO
-0.24%
Winner
CGW
+2.60%
3M
PIO
-4.62%
Winner
CGW
-1.96%
6M
PIO
-6.49%
Winner
CGW
-1.72%
1Y
PIO
-2.02%
Winner
CGW
+4.67%
5Y(CAGR)
PIO
+2.25%
Winner
CGW
+4.73%
10Y(CAGR)
PIO
+8.42%
Winner
CGW
+9.80%
Max(CAGR)
PIO
+4.34%
Winner
CGW
+7.24%
PIO vs CGW - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PIO | CGW |
|---|---|---|
| 2026 | -0.83% | +1.57% |
| 2025 | +14.88% | +18.94% |
| 2024 | +0.77% | +5.72% |
| 2023 | +21.34% | +15.01% |
| 2022 | -23.40% | -21.44% |
| 2021 | +26.12% | +32.39% |
| 2020 | +13.96% | +15.09% |
| 2019 | +35.07% | +34.65% |
| 2018 | -9.66% | -10.29% |
| 2017 | +26.39% | +26.50% |
| 2016 | +1.84% | +7.75% |
| 2015 | -7.16% | -1.33% |
| 2014 | +2.10% | +4.94% |
| 2013 | +28.16% | +23.91% |
| 2012 | +14.11% | +18.86% |
| 2011 | -21.57% | -8.41% |
| 2010 | +9.36% | +13.20% |
| 2009 | +36.58% | +27.61% |
| 2008 | -44.55% | -39.60% |
| 2007 | +0.08% | +4.78% |
PIO vs CGW Drawdown Comparison
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The maximum drawdown for CGW was -57.31%, occurring on Mar 9, 2009. Recovery took 1301 trading sessions.
The current PIO drawdown is -9.28%. The current CGW drawdown is -6.17%.
| Rank | PIO | CGW |
|---|---|---|
| #1 | -64.88% Oct 31, 2007 - Jun 9, 2014 | -57.31% Oct 31, 2007 - Jan 2, 2013 |
| #2 | -35.76% Feb 19, 2020 - Sep 2, 2020 | -35.72% Feb 19, 2020 - Oct 12, 2020 |
| #3 | -34.27% Dec 29, 2021 - Mar 28, 2024 | -32.74% Dec 31, 2021 - May 15, 2024 |
| #4 | -26.33% May 21, 2015 - Sep 8, 2017 | -16.41% Jan 26, 2018 - Mar 18, 2019 |
| #5 | -17.09% May 15, 2024 - May 15, 2025 | -15.54% May 14, 2015 - Jun 1, 2016 |
| #6 | -16.95% Jan 22, 2018 - Mar 13, 2019 | -14.18% Sep 30, 2024 - May 15, 2025 |
| #7 | -16.14% Jul 13, 2007 - Oct 29, 2007 | -13.69% Jun 20, 2014 - May 14, 2015 |
| #8 | -13.88% Jun 20, 2014 - May 14, 2015 | -13.63% Jul 13, 2007 - Oct 12, 2007 |
| #9 | -13.15% Feb 26, 2026 - Mar 27, 2026 | -10.86% Feb 26, 2026 - May 19, 2026 |
| #10 | -9.89% Sep 2, 2021 - Dec 29, 2021 | -10.27% May 21, 2013 - Sep 11, 2013 |
| #11 | -7.14% Mar 28, 2024 - May 15, 2024 | -8.54% Sep 22, 2016 - Mar 17, 2017 |
| #12 | -6.54% Jan 8, 2021 - Apr 1, 2021 | -8.31% May 21, 2024 - Aug 23, 2024 |
| #13 | -6.20% Oct 24, 2025 - Jan 15, 2026 | -7.96% Sep 2, 2021 - Nov 12, 2021 |
| #14 | -5.98% May 3, 2019 - Jun 20, 2019 | -7.48% Jun 23, 2016 - Aug 11, 2016 |
| #15 | -5.80% Oct 12, 2020 - Nov 5, 2020 | -6.81% Oct 24, 2025 - Jan 15, 2026 |
Correlation
Correlation between PIO and CGW is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2007 - 2026)
PIO vs CGW dividend yield comparison.
| Year | PIO | CGW |
|---|---|---|
| 2026 | 0.80% | 0.00% |
| 2025 | 1.04% | 1.58% |
| 2024 | 0.78% | 2.27% |
| 2023 | 0.84% | 1.55% |
| 2022 | 1.02% | 1.45% |
| 2021 | 1.19% | 1.59% |
| 2020 | 0.88% | 1.41% |
| 2019 | 1.20% | 1.48% |
| 2018 | 2.00% | 2.14% |
| 2017 | 1.00% | 1.71% |
| 2016 | 1.45% | 1.65% |
| 2015 | 1.63% | 1.67% |
| 2014 | 1.42% | 1.77% |
| 2013 | 1.50% | 1.52% |
| 2012 | 1.82% | 2.03% |
| 2011 | 1.63% | 2.19% |
| 2010 | 0.87% | 2.01% |
| 2009 | 1.27% | 1.09% |
| 2008 | 1.38% | 8.77% |
| 2007 | 0.00% | 0.42% |
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