FIWvsCVMCETF Comparison
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First Trust ISE Water Index Fund ETF (FIW) belongs to the Natural Resources segment. Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is part of the US Mid Cap segment. FIW's top 3 sector exposures are Industrials, Non-Energy Materials and Healthcare. In contrast, CVMC's top sector exposures are Finance, Industrials and Technology. FIW is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.15% for CVMC. FIW is down -0.62% year-to-date (YTD) with -$42M in YTD flows. CVMC performs better with 18.35% YTD performance, and +$481K in YTD flows. Run a side-by-side ETF comparison of FIW and CVMC 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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FIW vs CVMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FIW CVMC | +0.36%+0.47% | -0.47%+8.85% | -0.62%+18.35% | -1.09%+22.46% | +20.01%+49.91% | +29.21%n/a |
| Flows | FIW CVMC | +$11M- | -$4M+$7M | -$42M+$481K | -$8M+$10M | +$117M+$51M | +$408M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FIW CVMC | +17.01%+14.56% | +16.12%+14.45% | +16.66%+16.09% | +18.68%n/a |
| Max drawdown | FIW CVMC | -8.05%-3.34% | -13.79%-9.34% | -18.25%-21.43% | -28.49%n/a |
| Max drawdown duration | FIW CVMC | 58d7d | 183d49d | 238d269d | 710dn/a |
Trading data
FIW | CVMC | |
Last sale 7/27/2026 at 1:30 PM | $108.36 | $76.08 |
| Previous close 07/24/2026 | $107.63 | $75.43 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FIW | CVMC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
FIW | CVMC | |
|---|---|---|
| Last price | $108.36 | $76.08 |
| 1D performance | +0.68% | +0.86% |
| AuM | $1.83 B | $101.83 M |
| E/R | 0.51% | 0.15% |
Characteristics
FIW | CVMC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Morgan Stanley |
| Benchmark | ISE Clean Edge Water Index | Calvert US Mid-Cap Core Responsible Index |
| N° of holdings | 36 | 596 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | February 1, 2023 |
| ESG | Yes | Yes |
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Exposure
Countries
FIW
USA
91.45%
Other
8.55%
CVMC
USA
96.94%
Other
3.06%
Sectors
FIW
Industrials
48.44%
Non-Energy Materi.
14.34%
Healthcare
12.99%
Utilities
11.32%
Consumer Non-Cycl.
8.53%
Other
4.38%
CVMC
Finance
24.62%
Industrials
17.59%
Technology
15.54%
Healthcare
12.53%
Other
29.72%
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Diversification
FIW
Total weight of top 15 holdings out of 15
58.3%
CVMC
Total weight of top 15 holdings out of 15
7.84%
Top 15 holdings
Data as of June 30, 2026
FIW
Waters Corp.
4.96%
Agilent Technologies, Inc.
4.60%
Roper Technologies, Inc.
4.25%
Masco Corp.
4.18%
American Water Works Co., Inc.
4.06%
IDEX Corp.
3.94%
Veralto Corp.
3.88%
Xylem, Inc.
3.79%
Ecolab, Inc.
3.78%
Ferguson Enterprises, Inc.
3.68%
Watts Water Technologies, Inc.
3.64%
Mueller Industries, Inc.
3.57%
IDEXX Laboratories, Inc.
3.43%
Jacobs Solutions, Inc.
3.31%
Advanced Drainage Systems, Inc.
3.23%
CVMC
Teradyne, Inc.
0.65%
Delta Air Lines, Inc.
0.54%
PACCAR, Inc.
0.53%
Hewlett Packard Enterprise Co.
0.52%
Flex Ltd.
0.52%
Sempra
0.52%
Keysight Technologies, Inc.
0.52%
Carrier Global Corp.
0.52%
Arthur J. Gallagher & Co.
0.52%
W.W. Grainger, Inc.
0.51%
Dominion Energy, Inc.
0.51%
Target Corp.
0.50%
Realty Income Corp.
0.50%
Rockwell Automation, Inc.
0.49%
AMETEK, Inc.
0.49%
Frequently asked questions about FIW and CVMC
How have the FIW and CVMC ETFs performed in 2026?
As of July 24, 2026, FIW is down -0.62% year-to-date (YTD), while CVMC has returned 18.35%. That puts CVMC better performer ahead so far this year.
Which ETF is attracting more investor money: FIW or CVMC?
Year-to-date, the FIW ETF saw -$42M in flows, compared to +$481K for CVMC.
Which ETF is more volatile: FIW or CVMC?
Over the past year, FIW had a volatility of 16.12%, while CVMC experienced 14.45%.
Which ETF is bigger: FIW or CVMC?
As of July 24, 2026, FIW holds $1.83 B in assets under management (AUM), while CVMC manages $101.83 M.
What sectors do the FIW and CVMC ETFs invest in?
FIW leans toward sectors like Industrials, Non-Energy Materials and Healthcare. Meanwhile, CVMC focuses on Finance, Industrials and Technology.
What are the top holdings of the FIW ETF and CVMC ETF?
FIW top holdings include Waters Corp., Agilent Technologies, Inc. and Roper Technologies, Inc.. CVMC holds in its top three: Teradyne, Inc., Delta Air Lines, Inc. and PACCAR, Inc..
Which ETF is more diversified: FIW or CVMC?
FIW holds 36 securities with 58.3% of its assets in the top 15. CVMC has 596 securities and a top 15 weight of 7.84%.
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Latest news about FIW & CVMC
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