PIOvsMGNRETF Comparison
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Invesco Global Water ETF (PIO) and American Beacon GLG Natural Resources ETF (MGNR) belong to the same industry segment: Natural Resources. PIO's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, MGNR's top sector exposures are Non-Energy Materials, Energy and Industrials. Both PIO and MGNR have the same Total Expense Ratio (TER) of 0.75%. PIO is down -1.18% year-to-date (YTD) with -$5M in YTD flows. MGNR performs better with 23.81% YTD performance, and +$844M in YTD flows. Run a side-by-side ETF comparison of PIO and MGNR 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 MGNR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIO MGNR | -5.59%+2.92% | +0.39%+5.21% | -1.18%+23.81% | -3.28%+41.38% | +26.50%n/a | +6.21%n/a |
| Flows | PIO MGNR | -$2M+$373M | -$2M+$430M | -$5M+$844M | -$5M+$960M | -$56M- | -$57M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO MGNR | +14.42%+20.88% | +15.47%+24.13% | +15.40%n/a | +16.59%n/a |
| Max drawdown | PIO MGNR | -7.27%-9.43% | -13.21%-15.40% | -17.07%n/a | -34.20%n/a |
| Max drawdown duration | PIO MGNR | 37d54d | 197d101d | 227dn/a | 819dn/a |
Trading data
PIO | MGNR | |
Last sale 9/14/2026 at 1:30 PM | $43.09 | $53.09 |
| Previous close 09/11/2026 | $43.26 | $54.27 |
| Consolidated volume 09/11/2026 | ||
| 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
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MGNR
is actively managed and doesn’t replicate an indexPIO | MGNR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
PIO | MGNR | |
|---|---|---|
| Last price | $43.09 | $53.09 |
| 1D performance | -0.39% | -2.17% |
| AuM | $261.95 M | $1.31 B |
| E/R | 0.75% | 0.75% |
Characteristics
PIO | MGNR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | American Beacon |
| Benchmark | NASDAQ OMX Global Water Index | - |
| N° of holdings | 40 | 40 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 13, 2007 | February 6, 2024 |
| ESG | Yes | No |
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Exposure
Countries
PIO
USA
43.79%
United Kingdom
14.28%
Japan
9.89%
Brazil
9.89%
Switzerland
8.11%
Other
14.03%
MGNR
USA
49.52%
Canada
27.08%
Other
23.4%
Sectors
PIO
Industrials
39.24%
Utilities
17.69%
Non-Energy Materi.
16.63%
Healthcare
10.85%
Technology
9.94%
Other
5.66%
MGNR
Non-Energy Materi.
54.73%
Energy
26.22%
Industrials
8.24%
Consumer Non-Cycl.
8.2%
Other
2.6%
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Diversification
PIO
Total weight of top 15 holdings out of 15
72.85%
MGNR
Total weight of top 15 holdings out of 15
56.86%
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%
MGNR
ArcelorMittal SA
4.70%
Hudbay Minerals, Inc.
4.68%
Teck Resources Limited
4.41%
Smurfit WestRock Plc
4.40%
Range Resources Corp.
4.34%
Vista Energy SAB de CV
3.81%
First Quantum Minerals Ltd.
3.77%
Venture Global, Inc.
3.73%
Antero Resources Corp.
3.67%
Darling Ingredients, Inc.
3.59%
Freeport-McMoRan, Inc.
3.52%
Anglogold Ashanti Plc
3.17%
Bunge Global SA
3.16%
EQT Corp.
3.02%
Nextpower, Inc.
2.90%
Frequently asked questions about PIO and MGNR
How have the PIO and MGNR ETFs performed in 2026?
As of September 11, 2026, PIO is down -1.18% year-to-date (YTD), while MGNR has returned 23.81%. That puts MGNR better performer ahead so far this year.
Which ETF is attracting more investor money: PIO or MGNR?
Year-to-date, the PIO ETF saw -$5M in flows, compared to +$844M for MGNR.
Which ETF is more volatile: PIO or MGNR?
Over the past year, PIO had a volatility of 15.47%, while MGNR experienced 24.13%.
Which ETF is bigger: PIO or MGNR?
As of September 11, 2026, PIO holds $261.95 M in assets under management (AUM), while MGNR manages $1.31 B.
What sectors do the PIO and MGNR ETFs invest in?
PIO leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, MGNR focuses on Non-Energy Materials, Energy and Industrials.
What are the top holdings of the PIO ETF and MGNR ETF?
PIO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Pentair plc. MGNR holds in its top three: ArcelorMittal SA, Hudbay Minerals, Inc. and Teck Resources Limited.
Which ETF is more diversified: PIO or MGNR?
PIO holds 40 securities with 72.85% of its assets in the top 15. MGNR has 40 securities and a top 15 weight of 56.86%.
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Latest news about PIO & MGNR
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