EFRAvsPIOETF Comparison
ETF 1
EFRA
iShares Environmental Infrastructure and Industrials ETF
This fund is part of
Infrastructure
+0.5%
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. EFRA's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, PIO's top sector exposures are Industrials, Non-Energy Materials and Utilities. EFRA is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.75% for PIO. EFRA is up 5.63% year-to-date (YTD) with - in YTD flows. PIO performs worse with 1.29% YTD performance, and -$5M 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 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EFRA PIO | +0.31%+3.08% | -2.64%-1.06% | +5.63%+1.29% | +5.57%-1.29% | +48.74%+37.34% | n/a+14.91% |
| Flows | EFRA PIO | -- | --$2M | --$5M | --$5M | --$52M | --$61M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EFRA PIO | +12.07%+13.22% | +14.26%+15.58% | +14.42%+15.37% | n/a+16.55% |
| Max drawdown | EFRA PIO | -7.16%-7.86% | -11.18%-13.21% | -16.05%-17.07% | n/a-34.20% |
| Max drawdown duration | EFRA PIO | 64d72d | 229d232d | 238d227d | n/a819d |
Trading data
EFRA | PIO | |
Last sale 10/19/2026 at 5:00 PM | $34.57 | $44.16 |
| Previous close 10/16/2026 | $34.73 | $44.39 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/19/2026 at 5:00 PM
Live
Closed
EFRA | PIO | |
|---|---|---|
| Last price | $34.57 | $44.16 |
| 1D performance | -0.46% | -0.52% |
| AuM | $5.56 M | $268.50 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
49.15%
United Kingdom
10.27%
Japan
9.94%
Other
30.64%
PIO
USA
43.74%
United Kingdom
13.96%
Japan
10.14%
Brazil
8.89%
Switzerland
8.81%
Other
14.47%
Sectors
EFRA
Industrials
44.32%
Utilities
24.6%
Non-Energy Materi.
14.39%
Business Services
10.57%
Other
6.13%
PIO
Industrials
39.23%
Non-Energy Materi.
17.22%
Utilities
16.7%
Healthcare
11.22%
Technology
10.07%
Other
5.56%
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Diversification
EFRA
Total weight of top 15 holdings out of 15
64.22%
PIO
Total weight of top 15 holdings out of 15
71.41%
Top 15 holdings
Data as of August 31, 2026
EFRA
Veralto Corp.
6.45%
American Water Works Co., Inc.
6.35%
Smurfit WestRock Plc
6.27%
Westinghouse Air Brake Technologies Corp.
6.26%
Xylem, Inc.
5.81%
Veolia Environnement SA
5.34%
Clean Harbors, Inc.
4.27%
United Utilities Group Plc
3.86%
Essential Utilities, Inc.
3.12%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
3.03%
Severn Trent Plc
3.02%
Watts Water Technologies, Inc.
2.66%
Advanced Drainage Systems, Inc.
2.64%
Pentair plc
2.58%
Yangzijiang Shipbuilding (Holdings) Ltd.
2.56%
PIO
Roper Technologies, Inc.
10.07%
Ecolab, Inc.
8.66%
Pentair plc
6.80%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
5.77%
Ebara Corp.
5.73%
Waters Corp.
4.26%
Geberit AG
4.23%
Ferguson Enterprises, Inc.
4.00%
IDEXX Laboratories, Inc.
3.75%
Veolia Environnement SA
3.64%
Agilent Technologies, Inc.
3.21%
Companhia de Saneamento de Minas Gerais
3.11%
American Water Works Co., Inc.
2.91%
Xylem, Inc.
2.79%
Stantec, Inc.
2.48%
Frequently asked questions about EFRA and PIO
How have the EFRA and PIO ETFs performed in 2026?
As of October 16, 2026, EFRA is up 5.63% year-to-date (YTD), while PIO has returned 1.29%. 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 -$5M for PIO.
Which ETF is more volatile: EFRA or PIO?
Over the past year, EFRA had a volatility of 14.26%, while PIO experienced 15.58%.
Which ETF is bigger: EFRA or PIO?
As of October 16, 2026, EFRA holds $5.56 M in assets under management (AUM), while PIO manages $268.50 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, Non-Energy Materials and Utilities.
What are the top holdings of the EFRA ETF and PIO ETF?
EFRA top holdings include Veralto Corp., American Water Works Co., Inc. and Smurfit WestRock Plc. 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 64.22% of its assets in the top 15. PIO has 40 securities and a top 15 weight of 71.41%.
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Latest news about EFRA & PIO
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