PIOvsGUNRETF Comparison
VS
ETF 2
GUNR
FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF
This fund is part of
Natural Resources
-0.05%
Invesco Global Water ETF (PIO) and FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF (GUNR) belong to the same industry segment: Natural Resources. PIO's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, GUNR'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 0.47% for GUNR. PIO is up 0.88% year-to-date (YTD) with -$3M in YTD flows. GUNR performs better with 15.17% YTD performance, and +$667M in YTD flows. Run a side-by-side ETF comparison of PIO and GUNR 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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PIO vs GUNR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIO GUNR | -0.47%+6.55% | -3.72%-3.33% | +0.88%+15.17% | -0.51%+29.38% | +23.82%+36.87% | +13.16%+66.60% |
| Flows | PIO GUNR | -+$74M | -+$74M | -$3M+$667M | -$3M+$982M | -$59M-$1.41B | -$40M+$127M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO GUNR | +15.85%+13.93% | +15.34%+13.97% | +15.27%+14.20% | +16.48%+16.77% |
| Max drawdown | PIO GUNR | -7.50%-11.57% | -13.21%-11.57% | -17.07%-18.53% | -34.20%-23.49% |
| Max drawdown duration | PIO GUNR | 79d72d | 148d72d | 227d427d | 819d1239d |
Trading data
PIO | GUNR | |
Last sale 7/27/2026 at 1:30 PM | $44.38 | $51.86 |
| Previous close 07/24/2026 | $44.17 | $52.39 |
| 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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PIO | GUNR | |
|---|---|---|
| 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
PIO | GUNR | |
|---|---|---|
| Last price | $44.38 | $51.86 |
| 1D performance | +0.48% | -1.01% |
| AuM | $269.62 M | $7.22 B |
| E/R | 0.75% | 0.47% |
Characteristics
PIO | GUNR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | FlexShares |
| Benchmark | NASDAQ OMX Global Water Index | Morningstar Global Upstream Natural Resources Index |
| N° of holdings | 40 | 120 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 13, 2007 | September 16, 2011 |
| ESG | Yes | No |
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Exposure
Countries
PIO
USA
40.68%
United Kingdom
15.22%
Japan
12.32%
Brazil
10.22%
Switzerland
8.09%
Other
13.47%
GUNR
USA
35.64%
Canada
16.98%
United Kingdom
10.73%
Other
36.65%
Sectors
PIO
Industrials
42.25%
Utilities
17.57%
Non-Energy Materi.
16.28%
Healthcare
10.36%
Technology
8.07%
Other
5.47%
GUNR
Non-Energy Materi.
49.97%
Energy
29.96%
Consumer Non-Cycl.
11.89%
Other
8.18%
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Diversification
PIO
Total weight of top 15 holdings out of 15
73.12%
GUNR
Total weight of top 15 holdings out of 15
44.09%
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%
GUNR
Corteva, Inc.
5.51%
BHP Group Ltd.
4.73%
Exxon Mobil Corp.
4.69%
Nutrien Ltd.
4.01%
Chevron Corp.
3.36%
Shell Plc
3.35%
Archer-Daniels-Midland Co.
3.30%
TotalEnergies SE
2.59%
Rio Tinto Plc
2.32%
Newmont Corp.
1.97%
Agnico Eagle Mines Ltd.
1.91%
Tyson Foods, Inc.
1.68%
Freeport-McMoRan, Inc.
1.61%
CF Industries Holdings, Inc.
1.57%
BP Plc
1.49%
Frequently asked questions about PIO and GUNR
How have the PIO and GUNR ETFs performed in 2026?
As of July 24, 2026, PIO is up 0.88% year-to-date (YTD), while GUNR has returned 15.17%. That puts GUNR better performer ahead so far this year.
Which ETF is attracting more investor money: PIO or GUNR?
Year-to-date, the PIO ETF saw -$3M in flows, compared to +$667M for GUNR.
Which ETF is more volatile: PIO or GUNR?
Over the past year, PIO had a volatility of 15.34%, while GUNR experienced 13.97%.
Which ETF is bigger: PIO or GUNR?
As of July 24, 2026, PIO holds $269.62 M in assets under management (AUM), while GUNR manages $7.22 B.
What sectors do the PIO and GUNR ETFs invest in?
PIO leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, GUNR focuses on Non-Energy Materials, Energy and Consumer Non-Cyclicals.
What are the top holdings of the PIO ETF and GUNR ETF?
PIO top holdings include Ecolab, Inc., Pentair plc and Roper Technologies, Inc.. GUNR holds in its top three: Corteva, Inc., BHP Group Ltd. and Exxon Mobil Corp..
Which ETF is more diversified: PIO or GUNR?
PIO holds 40 securities with 73.12% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 44.09%.
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Latest news about PIO & GUNR
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