PIOvsEFRAETF Comparison
VS
ETF 2
EFRA
iShares Environmental Infrastructure and Industrials ETF
This fund is part of
Infrastructure
-0.19%
Invesco Global Water ETF (PIO) belongs to the Natural Resources segment. iShares Environmental Infrastructure and Industrials ETF (EFRA) is part of the Infrastructure segment. Both ETFs have the same top 3 sector exposures: Industrials, Utilities and Non-Energy Materials. PIO is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.47% for EFRA. PIO is down -0.69% year-to-date (YTD) with -$3M in YTD flows. EFRA performs better with 6.93% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of PIO and EFRA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PIO vs EFRA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIO EFRA | -5.45%-2.86% | -0.43%+3.83% | -0.69%+6.93% | -1.44%+6.16% | +27.12%+44.27% | +6.02%n/a |
| Flows | PIO EFRA | -- | -- | -$3M- | -$3M- | -$54M- | -$55M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO EFRA | +15.10%+14.56% | +15.51%+14.47% | +15.41%+14.58% | +16.58%n/a |
| Max drawdown | PIO EFRA | -6.48%-4.11% | -13.21%-11.18% | -17.07%-16.05% | -34.20%n/a |
| Max drawdown duration | PIO EFRA | 35d26d | 195d191d | 227d238d | 819dn/a |
Trading data
PIO | EFRA | |
Last sale 9/10/2026 at 1:30 PM | $43.07 | $34.57 |
| Previous close 09/09/2026 | $43.48 | $34.83 |
| Consolidated volume 09/09/2026 | ||
| 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
Create an account to view replication metrics
Join for free
PIO | EFRA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
PIO | EFRA | |
|---|---|---|
| Last price | $43.07 | $34.57 |
| 1D performance | -0.94% | -0.74% |
| AuM | $265.42 M | $5.63 M |
| E/R | 0.75% | 0.47% |
Characteristics
PIO | EFRA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | NASDAQ OMX Global Water Index | FTSE Green Revenues Select Infrastructure and Industrials Index |
| N° of holdings | 40 | 80 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 13, 2007 | November 1, 2022 |
| ESG | Yes | Yes |
Advertisement
Exposure
Countries
PIO
USA
43.79%
United Kingdom
14.28%
Japan
9.89%
Brazil
9.89%
Switzerland
8.11%
Other
14.03%
EFRA
USA
48.99%
United Kingdom
10.2%
Japan
9.8%
Other
31.01%
Sectors
PIO
Industrials
39.24%
Utilities
17.69%
Non-Energy Materi.
16.63%
Healthcare
10.85%
Technology
9.94%
Other
5.66%
EFRA
Industrials
43.92%
Utilities
24.71%
Non-Energy Materi.
14.01%
Business Services
11.17%
Other
6.19%
Advertisement
Diversification
PIO
Total weight of top 15 holdings out of 15
72.85%
EFRA
Total weight of top 15 holdings out of 15
64.99%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about PIO and EFRA
How have the PIO and EFRA ETFs performed in 2026?
As of September 9, 2026, PIO is down -0.69% year-to-date (YTD), while EFRA has returned 6.93%. That puts EFRA better performer ahead so far this year.
Which ETF is attracting more investor money: PIO or EFRA?
Year-to-date, the PIO ETF saw -$3M in flows, compared to - for EFRA.
Which ETF is more volatile: PIO or EFRA?
Over the past year, PIO had a volatility of 15.51%, while EFRA experienced 14.47%.
Which ETF is bigger: PIO or EFRA?
As of September 9, 2026, PIO holds $265.42 M in assets under management (AUM), while EFRA manages $5.63 M.
What sectors do the PIO and EFRA ETFs invest in?
PIO leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, EFRA focuses on Industrials, Utilities and Non-Energy Materials.
What are the top holdings of the PIO ETF and EFRA ETF?
PIO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Pentair plc. EFRA holds in its top three: Westinghouse Air Brake Technologies Corp., Smurfit WestRock Plc and American Water Works Co., Inc..
Which ETF is more diversified: PIO or EFRA?
PIO holds 40 securities with 72.85% of its assets in the top 15. EFRA has 80 securities and a top 15 weight of 64.99%.
Advertisement
Latest news about PIO & EFRA
Could Water ETFs Be the Next AI Bottleneck Trade?
September 10, 2026
PIO
3 Water ETFs for Thirsty Investors
February 3, 2023
PIO
Advertisement
Advertisement
