FIWvsIQSMETF Comparison
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First Trust ISE Water Index Fund ETF (FIW) belongs to the Natural Resources segment. NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) is part of the US Mid Cap segment. FIW's top 3 sector exposures are Industrials, Non-Energy Materials and Healthcare. In contrast, IQSM's top sector exposures are Finance, Technology and Industrials. FIW is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.16% for IQSM. FIW is down -0.62% year-to-date (YTD) with -$42M in YTD flows. IQSM performs better with 13.77% YTD performance, and +$88M in YTD flows. Run a side-by-side ETF comparison of FIW and IQSM 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 IQSM 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 IQSM | +0.36%-0.89% | -0.47%+5.70% | -0.62%+13.77% | -1.09%+18.54% | +20.01%+39.95% | +29.21%n/a |
| Flows | FIW IQSM | +$11M-$2M | -$4M-$2M | -$42M+$88M | -$8M+$67M | +$117M+$116M | +$408M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FIW IQSM | +17.01%+13.84% | +16.12%+15.06% | +16.66%+17.35% | +18.68%n/a |
| Max drawdown | FIW IQSM | -8.05%-3.38% | -13.79%-8.92% | -18.25%-23.67% | -28.49%n/a |
| Max drawdown duration | FIW IQSM | 58d19d | 183d49d | 238d379d | 710dn/a |
Trading data
FIW | IQSM | |
Last sale 7/28/2026 at 1:30 PM | $111.56 | $39.22 |
| Previous close 07/27/2026 | $108.36 | $38.94 |
| Consolidated volume 07/27/2026 | ||
| 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 | IQSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
FIW | IQSM | |
|---|---|---|
| Last price | $111.56 | $39.22 |
| 1D performance | +2.95% | +0.72% |
| AuM | $1.83 B | $330.35 M |
| E/R | 0.51% | 0.16% |
Characteristics
FIW | IQSM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | New York Life Investments |
| Benchmark | ISE Clean Edge Water Index | NYLI Candriam U.S. Mid Cap Equity Index |
| N° of holdings | 36 | 247 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | October 25, 2022 |
| ESG | Yes | Yes |
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Exposure
Countries
FIW
USA
91.45%
Other
8.55%
IQSM
USA
93.58%
Other
6.42%
Sectors
FIW
Industrials
48.44%
Non-Energy Materi.
14.34%
Healthcare
12.99%
Utilities
11.32%
Consumer Non-Cycl.
8.53%
Other
4.38%
IQSM
Finance
21.9%
Technology
18.55%
Industrials
18.07%
Healthcare
14.87%
Non-Energy Materi.
8.31%
Other
18.3%
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Diversification
FIW
Total weight of top 15 holdings out of 15
58.3%
IQSM
Total weight of top 15 holdings out of 15
13.54%
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%
IQSM
Revolution Medicines, Inc.
1.28%
MKS, Inc.
1.10%
Twilio, Inc.
1.02%
nVent Electric Plc
1.00%
MACOM Technology Solutions Holdings, Inc.
0.93%
US Foods Holding Corp.
0.91%
Moderna, Inc.
0.88%
F5, Inc.
0.88%
Okta, Inc.
0.84%
C.H. Robinson Worldwide, Inc.
0.84%
Sterling Infrastructure, Inc.
0.82%
Burlington Stores, Inc.
0.77%
Lattice Semiconductor Corp.
0.77%
Onto Innovation, Inc.
0.75%
Guardant Health, Inc.
0.74%
Frequently asked questions about FIW and IQSM
How have the FIW and IQSM ETFs performed in 2026?
As of July 24, 2026, FIW is down -0.62% year-to-date (YTD), while IQSM has returned 13.77%. That puts IQSM better performer ahead so far this year.
Which ETF is attracting more investor money: FIW or IQSM?
Year-to-date, the FIW ETF saw -$42M in flows, compared to +$88M for IQSM.
Which ETF is more volatile: FIW or IQSM?
Over the past year, FIW had a volatility of 16.12%, while IQSM experienced 15.06%.
Which ETF is bigger: FIW or IQSM?
As of July 24, 2026, FIW holds $1.83 B in assets under management (AUM), while IQSM manages $330.35 M.
What sectors do the FIW and IQSM ETFs invest in?
FIW leans toward sectors like Industrials, Non-Energy Materials and Healthcare. Meanwhile, IQSM focuses on Finance, Technology and Industrials.
What are the top holdings of the FIW ETF and IQSM ETF?
FIW top holdings include Waters Corp., Agilent Technologies, Inc. and Roper Technologies, Inc.. IQSM holds in its top three: Revolution Medicines, Inc., MKS, Inc. and Twilio, Inc..
Which ETF is more diversified: FIW or IQSM?
FIW holds 36 securities with 58.3% of its assets in the top 15. IQSM has 249 securities and a top 15 weight of 13.54%.
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Latest news about FIW & IQSM
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