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