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