PIOvsTBLUETF Comparison
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Invesco Global Water ETF (PIO) and Tortoise Global Water ETF (TBLU) belong to the same industry segment: Natural Resources. Both ETFs have the same top 3 sector exposures: Industrials, Utilities and Non-Energy Materials. PIO is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.4% for TBLU. PIO is up 0.39% year-to-date (YTD) with -$3M in YTD flows. TBLU performs better with 0.45% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of PIO and TBLU 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 TBLU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PIO TBLU | -1.21%+1.69% | -4.96%-3.18% | +0.39%+0.45% | -1.05%-2.53% | +23.21%+27.42% | +13.62%+20.88% |
| Flows | PIO TBLU | -+$3M | -+$3M | -$3M+$3M | -$3M+$3M | -$59M-$4M | -$40M+$4M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PIO TBLU | +15.84%+14.61% | +15.34%+13.59% | +15.29%+13.95% | +16.49%+15.91% |
| Max drawdown | PIO TBLU | -7.69%-7.43% | -13.21%-12.75% | -17.07%-15.04% | -34.20%-34.73% |
| Max drawdown duration | PIO TBLU | 91d91d | 146d144d | 227d140d | 819d867d |
Trading data
PIO | TBLU | |
Last sale 7/23/2026 at 7:59 PM | $43.72 | |
| Previous close 07/22/2026 | $43.97 | |
| Consolidated volume 07/22/2026 | ||
| 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 | TBLU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/23/2026 at 7:59 PM
Live
Closed
PIO | TBLU | |
|---|---|---|
| Last price | $43.72 | – |
| 1D performance | -0.57% | – |
| AuM | $268.29 M | $56.25 M |
| E/R | 0.75% | 0.4% |
Characteristics
PIO | TBLU | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Tortoise Capital |
| Benchmark | NASDAQ OMX Global Water Index | Tortoise Global Water Index |
| N° of holdings | 40 | 58 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 13, 2007 | February 15, 2017 |
| ESG | Yes | Yes |
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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%
TBLU
USA
57.52%
United Kingdom
10.54%
Switzerland
9%
France
7.28%
Other
15.66%
Sectors
PIO
Industrials
42.25%
Utilities
17.57%
Non-Energy Materi.
16.28%
Healthcare
10.36%
Technology
8.07%
Other
5.47%
TBLU
Industrials
46.68%
Utilities
24.2%
Non-Energy Materi.
16.35%
Business Services
7.78%
Other
4.99%
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Diversification
PIO
Total weight of top 15 holdings out of 15
73.12%
TBLU
Total weight of top 15 holdings out of 15
71.15%
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%
TBLU
Ecolab, Inc.
7.80%
Xylem, Inc.
7.68%
American Water Works Co., Inc.
7.42%
Ferguson Enterprises, Inc.
7.30%
Veolia Environnement SA
7.28%
Veralto Corp.
4.09%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
4.07%
Geberit AG
4.01%
IDEX Corp.
3.99%
United Utilities Group Plc
3.72%
BELIMO Holding AG
3.65%
Severn Trent Plc
3.44%
Stantec, Inc.
2.63%
Pentair plc
2.09%
Kurita Water Industries Ltd.
1.98%
Frequently asked questions about PIO and TBLU
How have the PIO and TBLU ETFs performed in 2026?
As of July 22, 2026, PIO is up 0.39% year-to-date (YTD), while TBLU has returned 0.45%. That puts TBLU better performer ahead so far this year.
Which ETF is attracting more investor money: PIO or TBLU?
Year-to-date, the PIO ETF saw -$3M in flows, compared to +$3M for TBLU.
Which ETF is more volatile: PIO or TBLU?
Over the past year, PIO had a volatility of 15.34%, while TBLU experienced 13.59%.
Which ETF is bigger: PIO or TBLU?
As of July 22, 2026, PIO holds $268.29 M in assets under management (AUM), while TBLU manages $56.25 M.
What sectors do the PIO and TBLU ETFs invest in?
PIO leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, TBLU focuses on Industrials, Utilities and Non-Energy Materials.
What are the top holdings of the PIO ETF and TBLU ETF?
PIO top holdings include Ecolab, Inc., Pentair plc and Roper Technologies, Inc.. TBLU holds in its top three: Ecolab, Inc., Xylem, Inc. and American Water Works Co., Inc..
Which ETF is more diversified: PIO or TBLU?
PIO holds 40 securities with 73.12% of its assets in the top 15. TBLU has 58 securities and a top 15 weight of 71.15%.
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Latest news about PIO & TBLU
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