PIOvsGNRETF Comparison
VS
Invesco Global Water ETF (PIO) and State Street SPDR S&P Global Natural Resources ETF (GNR) belong to the same industry segment: Natural Resources. PIO's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, GNR's top sector exposures are Non-Energy Materials, Energy and Consumer Non-Cyclicals. PIO is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.4% for GNR. PIO is up 0.92% year-to-date (YTD) with -$3M in YTD flows. GNR performs better with 16.61% YTD performance, and +$329M in YTD flows. Run a side-by-side ETF comparison of PIO and GNR 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 GNR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIO GNR | -1.71%+6.76% | -1.36%-1.57% | +0.92%+16.61% | +0.71%+31.30% | +23.07%+37.01% | +11.26%+61.14% |
| Flows | PIO GNR | --$29M | -+$61M | -$3M+$329M | -$3M+$592M | -$55M+$359M | -$40M+$1.60B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO GNR | +15.83%+14.78% | +15.44%+15.02% | +15.32%+15.12% | +16.49%+17.98% |
| Max drawdown | PIO GNR | -7.50%-10.55% | -13.21%-10.66% | -17.07%-19.80% | -34.20%-25.18% |
| Max drawdown duration | PIO GNR | 84d77d | 153d149d | 227d457d | 819d758d |
Trading data
PIO | GNR | |
Last sale 7/29/2026 at 1:30 PM | $44.35 | $73.18 |
| Previous close 07/29/2026 | $44.88 | $71.75 |
| Consolidated volume 07/29/2026 | ||
| 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
Create an account to view replication metrics
Join for free
PIO | GNR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
PIO | GNR | |
|---|---|---|
| Last price | $44.35 | $73.18 |
| 1D performance | -1.19% | +1.99% |
| AuM | $269.73 M | $4.74 B |
| E/R | 0.75% | 0.4% |
Characteristics
PIO | GNR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | NASDAQ OMX Global Water Index | S&P Global Natural Resources Index |
| N° of holdings | 40 | 88 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 13, 2007 | September 13, 2010 |
| ESG | Yes | No |
Advertisement
Exposure
Countries
PIO
USA
40.68%
United Kingdom
15.22%
Japan
12.32%
Brazil
10.22%
Switzerland
8.09%
Other
13.47%
GNR
USA
34.78%
Canada
18.26%
United Kingdom
8.8%
Australia
8.29%
Other
29.87%
Sectors
PIO
Industrials
42.25%
Utilities
17.57%
Non-Energy Materi.
16.28%
Healthcare
10.36%
Technology
8.07%
Other
5.47%
GNR
Non-Energy Materi.
60.3%
Energy
32.77%
Other
6.93%
Advertisement
Diversification
PIO
Total weight of top 15 holdings out of 15
73.12%
GNR
Total weight of top 15 holdings out of 15
44.9%
Top 15 holdings
Data as of June 30, 2026
PIO
Ecolab, Inc.
8.60%
Pentair plc
8.37%
Roper Technologies, Inc.
8.07%
Ebara Corp.
7.32%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
6.82%
Ferguson Enterprises, Inc.
4.10%
Geberit AG
3.96%
Veolia Environnement SA
3.94%
IDEXX Laboratories, Inc.
3.80%
Waters Corp.
3.79%
Companhia de Saneamento de Minas Gerais
3.40%
Xylem, Inc.
2.88%
American Water Works Co., Inc.
2.82%
Agilent Technologies, Inc.
2.78%
Halma Plc
2.46%
GNR
BHP Group Ltd.
5.37%
Nutrien Ltd.
4.82%
Exxon Mobil Corp.
4.48%
Shell Plc
4.15%
Corteva, Inc.
3.27%
TotalEnergies SE
2.96%
UPM-Kymmene Oyj
2.93%
Newmont Corp.
2.67%
Chevron Corp.
2.44%
Freeport-McMoRan, Inc.
2.37%
Archer-Daniels-Midland Co.
2.11%
Agnico Eagle Mines Ltd.
2.04%
BP Plc
1.83%
Reliance Industries Ltd.
1.76%
Glencore Plc
1.70%
Frequently asked questions about PIO and GNR
How have the PIO and GNR ETFs performed in 2026?
As of July 29, 2026, PIO is up 0.92% year-to-date (YTD), while GNR has returned 16.61%. That puts GNR better performer ahead so far this year.
Which ETF is attracting more investor money: PIO or GNR?
Year-to-date, the PIO ETF saw -$3M in flows, compared to +$329M for GNR.
Which ETF is more volatile: PIO or GNR?
Over the past year, PIO had a volatility of 15.44%, while GNR experienced 15.02%.
Which ETF is bigger: PIO or GNR?
As of July 29, 2026, PIO holds $269.73 M in assets under management (AUM), while GNR manages $4.74 B.
What sectors do the PIO and GNR ETFs invest in?
PIO leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, GNR focuses on Non-Energy Materials and Energy.
What are the top holdings of the PIO ETF and GNR ETF?
PIO top holdings include Ecolab, Inc., Pentair plc and Roper Technologies, Inc.. GNR holds in its top three: BHP Group Ltd., Nutrien Ltd. and Exxon Mobil Corp..
Which ETF is more diversified: PIO or GNR?
PIO holds 40 securities with 73.12% of its assets in the top 15. GNR has 88 securities and a top 15 weight of 44.9%.
Advertisement
Latest news about PIO & GNR
3 Famous Investment Portfolios (And How to Make Them with ETFs)
February 8, 2024
GNR
3 Water ETFs for Thirsty Investors
February 3, 2023
PIO
Advertisement
Advertisement
