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 up 1.29% year-to-date (YTD) with -$3M in YTD flows. MGNR performs better with 11.16% YTD performance, and +$462M 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 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIO MGNR | -1.35%+1.00% | -3.68%-9.13% | +1.29%+11.16% | +0.70%+46.12% | +23.89%n/a | +13.23%n/a |
| Flows | PIO MGNR | -+$30M | -+$130M | -$3M+$462M | -$3M+$587M | -$59M- | -$40M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO MGNR | +15.85%+23.78% | +15.36%+23.75% | +15.29%n/a | +16.48%n/a |
| Max drawdown | PIO MGNR | -7.50%-15.40% | -13.21%-15.40% | -17.07%n/a | -34.20%n/a |
| Max drawdown duration | PIO MGNR | 82d55d | 151d55d | 227dn/a | 819dn/a |
Trading data
PIO | MGNR | |
Last sale 7/28/2026 at 1:30 PM | $44.88 | $47.76 |
| Previous close 07/27/2026 | $44.38 | $48.68 |
| 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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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 | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
PIO | MGNR | |
|---|---|---|
| Last price | $44.88 | $47.76 |
| 1D performance | +1.12% | -1.89% |
| AuM | $270.70 M | $839.73 M |
| 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 | 44 |
| 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
40.68%
United Kingdom
15.22%
Japan
12.32%
Brazil
10.22%
Switzerland
8.09%
Other
13.47%
MGNR
USA
50.31%
Canada
22.92%
Other
26.77%
Sectors
PIO
Industrials
42.25%
Utilities
17.57%
Non-Energy Materi.
16.28%
Healthcare
10.36%
Technology
8.07%
Other
5.47%
MGNR
Non-Energy Materi.
53.87%
Energy
25.46%
Industrials
12.39%
Consumer Non-Cycl.
7.66%
Other
0.62%
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Diversification
PIO
Total weight of top 15 holdings out of 15
73.12%
MGNR
Total weight of top 15 holdings out of 15
52.98%
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%
MGNR
Smurfit WestRock Plc
4.89%
Teck Resources Limited
4.84%
Hudbay Minerals, Inc.
4.48%
ArcelorMittal SA
4.08%
Range Resources Corp.
3.65%
Vista Energy SAB de CV
3.49%
Anglogold Ashanti Plc
3.27%
Darling Ingredients, Inc.
3.27%
Antero Resources Corp.
3.20%
Nextpower, Inc.
3.13%
Alcoa Corp.
3.13%
Bloom Energy Corp.
3.08%
Bunge Global SA
2.98%
Kinross Gold Corp.
2.84%
Venture Global, Inc.
2.66%
Frequently asked questions about PIO and MGNR
How have the PIO and MGNR ETFs performed in 2026?
As of July 27, 2026, PIO is up 1.29% year-to-date (YTD), while MGNR has returned 11.16%. 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 -$3M in flows, compared to +$462M for MGNR.
Which ETF is more volatile: PIO or MGNR?
Over the past year, PIO had a volatility of 15.36%, while MGNR experienced 23.75%.
Which ETF is bigger: PIO or MGNR?
As of July 27, 2026, PIO holds $270.70 M in assets under management (AUM), while MGNR manages $839.73 M.
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 Ecolab, Inc., Pentair plc and Roper Technologies, Inc.. MGNR holds in its top three: Smurfit WestRock Plc, Teck Resources Limited and Hudbay Minerals, Inc..
Which ETF is more diversified: PIO or MGNR?
PIO holds 40 securities with 73.12% of its assets in the top 15. MGNR has 44 securities and a top 15 weight of 52.98%.
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Latest news about PIO & MGNR
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