EFRAvsPIOETF Comparison
ETF 1
EFRA
iShares Environmental Infrastructure and Industrials ETF
This fund is part of
Infrastructure
-0.16%
VS
iShares Environmental Infrastructure and Industrials ETF (EFRA) belongs to the Infrastructure segment. Invesco Global Water ETF (PIO) is part of the Natural Resources segment. Both ETFs have the same top 3 sector exposures: Industrials, Utilities and Non-Energy Materials. EFRA is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.75% for PIO. EFRA is up 8.16% year-to-date (YTD) with - in YTD flows. PIO performs worse with 1.95% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of EFRA and PIO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EFRA vs PIO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EFRA PIO | +0.40%-0.33% | +4.32%+2.09% | +8.16%+1.95% | +9.29%+2.46% | +41.11%+27.10% | n/a+9.67% |
| Flows | EFRA PIO | -- | -- | --$3M | --$3M | --$54M | --$55M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EFRA PIO | +14.36%+15.05% | +14.43%+15.56% | +14.60%+15.40% | n/a+16.57% |
| Max drawdown | EFRA PIO | -2.94%-4.88% | -11.18%-13.21% | -16.05%-17.07% | n/a-34.20% |
| Max drawdown duration | EFRA PIO | 21d26d | 183d186d | 238d227d | n/a819d |
Trading data
EFRA | PIO | |
Last sale 9/1/2026 at 1:30 PM | $35.06 | $44.03 |
| Previous close 08/31/2026 | $35.58 | $44.68 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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EFRA | PIO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
EFRA | PIO | |
|---|---|---|
| Last price | $35.06 | $44.03 |
| 1D performance | -1.46% | -1.45% |
| AuM | $5.69 M | $272.47 M |
| E/R | 0.47% | 0.75% |
Characteristics
EFRA | PIO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Invesco |
| Benchmark | FTSE Green Revenues Select Infrastructure and Industrials Index | NASDAQ OMX Global Water Index |
| N° of holdings | 80 | 40 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2022 | June 13, 2007 |
| ESG | Yes | Yes |
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Exposure
Countries
EFRA
USA
48.99%
United Kingdom
10.2%
Japan
9.8%
Other
31.01%
PIO
USA
43.79%
United Kingdom
14.28%
Japan
9.89%
Brazil
9.89%
Switzerland
8.11%
Other
14.03%
Sectors
EFRA
Industrials
43.92%
Utilities
24.66%
Non-Energy Materi.
14.01%
Business Services
11.22%
Other
6.19%
PIO
Industrials
39.24%
Utilities
17.69%
Non-Energy Materi.
16.63%
Healthcare
10.85%
Technology
9.94%
Other
5.66%
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Diversification
EFRA
Total weight of top 15 holdings out of 15
64.99%
PIO
Total weight of top 15 holdings out of 15
72.85%
Top 15 holdings
Data as of July 31, 2026
EFRA
Westinghouse Air Brake Technologies Corp.
6.41%
Smurfit WestRock Plc
6.38%
American Water Works Co., Inc.
6.31%
Veralto Corp.
6.23%
Xylem, Inc.
6.17%
Veolia Environnement SA
5.83%
Clean Harbors, Inc.
4.31%
United Utilities Group Plc
3.69%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
3.38%
Essential Utilities, Inc.
3.05%
Severn Trent Plc
2.89%
Pentair plc
2.84%
Advanced Drainage Systems, Inc.
2.67%
Watts Water Technologies, Inc.
2.50%
NGK Corp.
2.32%
PIO
Roper Technologies, Inc.
9.94%
Ecolab, Inc.
8.79%
Pentair plc
7.45%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
6.30%
Ebara Corp.
5.65%
IDEXX Laboratories, Inc.
4.01%
Ferguson Enterprises, Inc.
3.97%
Waters Corp.
3.92%
Veolia Environnement SA
3.92%
Geberit AG
3.87%
Companhia de Saneamento de Minas Gerais
3.59%
Xylem, Inc.
3.09%
American Water Works Co., Inc.
3.00%
Agilent Technologies, Inc.
2.92%
Stantec, Inc.
2.43%
Frequently asked questions about EFRA and PIO
How have the EFRA and PIO ETFs performed in 2026?
As of August 31, 2026, EFRA is up 8.16% year-to-date (YTD), while PIO has returned 1.95%. That puts EFRA better performer ahead so far this year.
Which ETF is attracting more investor money: EFRA or PIO?
Year-to-date, the EFRA ETF saw - in flows, compared to -$3M for PIO.
Which ETF is more volatile: EFRA or PIO?
Over the past year, EFRA had a volatility of 14.43%, while PIO experienced 15.56%.
Which ETF is bigger: EFRA or PIO?
As of August 31, 2026, EFRA holds $5.69 M in assets under management (AUM), while PIO manages $272.47 M.
What sectors do the EFRA and PIO ETFs invest in?
EFRA leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, PIO focuses on Industrials, Utilities and Non-Energy Materials.
What are the top holdings of the EFRA ETF and PIO ETF?
EFRA top holdings include Westinghouse Air Brake Technologies Corp., Smurfit WestRock Plc and American Water Works Co., Inc.. PIO holds in its top three: Roper Technologies, Inc., Ecolab, Inc. and Pentair plc.
Which ETF is more diversified: EFRA or PIO?
EFRA holds 80 securities with 64.99% of its assets in the top 15. PIO has 40 securities and a top 15 weight of 72.85%.
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Latest news about EFRA & PIO
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