PIOvsMOOETF Comparison
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Invesco Global Water ETF (PIO) and VanEck Agribusiness ETF (MOO) belong to the same industry segment: Natural Resources. PIO's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, MOO's top sector exposures are Consumer Non-Cyclicals, Non-Energy Materials and Industrials. PIO is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.56% for MOO. PIO is down -1.18% year-to-date (YTD) with -$5M in YTD flows. MOO performs better with 18.98% YTD performance, and +$489M in YTD flows. Run a side-by-side ETF comparison of PIO and MOO 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 MOO 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 MOO | -5.59%+6.03% | +0.39%+11.30% | -1.18%+18.98% | -3.28%+18.12% | +26.50%+15.04% | +6.21%+5.51% |
| Flows | PIO MOO | -$2M+$141M | -$2M+$169M | -$5M+$489M | -$5M+$453M | -$56M+$120M | -$57M+$309M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO MOO | +14.42%+13.43% | +15.47%+13.67% | +15.40%+14.66% | +16.59%+16.52% |
| Max drawdown | PIO MOO | -7.27%-3.05% | -13.21%-10.98% | -17.07%-22.31% | -34.20%-39.01% |
| Max drawdown duration | PIO MOO | 37d23d | 197d193d | 227d852d | 819d1605d |
Trading data
PIO | MOO | |
Last sale 9/14/2026 at 1:30 PM | $43.09 | $86.32 |
| Previous close 09/11/2026 | $43.26 | $86.48 |
| 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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PIO | MOO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
PIO | MOO | |
|---|---|---|
| Last price | $43.09 | $86.32 |
| 1D performance | -0.39% | -0.19% |
| AuM | $261.95 M | $1.19 B |
| E/R | 0.75% | 0.56% |
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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%
MOO
USA
51.57%
Germany
9.81%
Norway
7.29%
Other
31.34%
Sectors
PIO
Industrials
39.24%
Utilities
17.69%
Non-Energy Materi.
16.63%
Healthcare
10.85%
Technology
9.94%
Other
5.66%
MOO
Consumer Non-Cycl.
34.03%
Non-Energy Materi.
29.09%
Industrials
20.65%
Healthcare
16.24%
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Diversification
PIO
Total weight of top 15 holdings out of 15
72.85%
MOO
Total weight of top 15 holdings out of 15
72.49%
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%
MOO
Corteva, Inc.
8.92%
Bayer AG
8.89%
Deere & Co.
7.95%
Nutrien Ltd.
6.57%
Zoetis, Inc.
5.21%
Archer-Daniels-Midland Co.
5.07%
CF Industries Holdings, Inc.
4.81%
Kubota Corp.
4.77%
Tyson Foods, Inc.
4.37%
Bunge Global SA
3.14%
Mowi ASA
3.01%
Darling Ingredients, Inc.
2.58%
Wilmar International Ltd.
2.57%
Yara International ASA
2.39%
CNH Industrial NV
2.24%
Frequently asked questions about PIO and MOO
How have the PIO and MOO ETFs performed in 2026?
As of September 11, 2026, PIO is down -1.18% year-to-date (YTD), while MOO has returned 18.98%. That puts MOO better performer ahead so far this year.
Which ETF is attracting more investor money: PIO or MOO?
Year-to-date, the PIO ETF saw -$5M in flows, compared to +$489M for MOO.
Which ETF is more volatile: PIO or MOO?
Over the past year, PIO had a volatility of 15.47%, while MOO experienced 13.67%.
Which ETF is bigger: PIO or MOO?
As of September 11, 2026, PIO holds $261.95 M in assets under management (AUM), while MOO manages $1.19 B.
What sectors do the PIO and MOO ETFs invest in?
PIO leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, MOO focuses on Consumer Non-Cyclicals, Non-Energy Materials and Industrials.
What are the top holdings of the PIO ETF and MOO ETF?
PIO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Pentair plc. MOO holds in its top three: Corteva, Inc., Bayer AG and Deere & Co..
Which ETF is more diversified: PIO or MOO?
PIO holds 40 securities with 72.85% of its assets in the top 15. MOO has 46 securities and a top 15 weight of 72.49%.
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