TBLUvsPIOETF Comparison
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Tortoise Global Water ETF (TBLU) and Invesco Global Water ETF (PIO) belong to the same industry segment: Natural Resources. Both ETFs have the same top 3 sector exposures: Industrials, Utilities and Non-Energy Materials. TBLU is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.75% for PIO. TBLU is up 1.48% year-to-date (YTD) with +$3M in YTD flows. PIO performs worse with 1.29% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of TBLU and PIO 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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TBLU vs PIO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TBLU PIO | -0.57%-1.35% | -2.08%-3.68% | +1.48%+1.29% | -0.36%+0.70% | +28.51%+23.89% | +21.50%+13.23% |
| Flows | TBLU PIO | +$2M- | +$3M- | +$3M-$3M | +$3M-$3M | -$4M-$59M | +$4M-$40M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TBLU PIO | +14.67%+15.85% | +13.59%+15.36% | +13.96%+15.29% | +15.91%+16.48% |
| Max drawdown | TBLU PIO | -7.33%-7.50% | -12.75%-13.21% | -14.73%-17.07% | -34.73%-34.20% |
| Max drawdown duration | TBLU PIO | 81d82d | 148d151d | 135d227d | 867d819d |
Trading data
TBLU | PIO | |
Last sale 7/28/2026 at 1:30 PM | $44.88 | |
| Previous close 07/27/2026 | $44.38 | |
| 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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TBLU | PIO | |
|---|---|---|
| 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
TBLU | PIO | |
|---|---|---|
| Last price | – | $44.88 |
| 1D performance | – | +1.12% |
| AuM | $56.83 M | $270.70 M |
| E/R | 0.4% | 0.75% |
Characteristics
TBLU | PIO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Tortoise Capital | Invesco |
| Benchmark | Tortoise Global Water Index | NASDAQ OMX Global Water Index |
| N° of holdings | 58 | 40 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 15, 2017 | June 13, 2007 |
| ESG | Yes | Yes |
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Exposure
Countries
TBLU
USA
57.52%
United Kingdom
10.54%
Switzerland
9%
France
7.28%
Other
15.66%
PIO
USA
40.68%
United Kingdom
15.22%
Japan
12.32%
Brazil
10.22%
Switzerland
8.09%
Other
13.47%
Sectors
TBLU
Industrials
46.68%
Utilities
24.2%
Non-Energy Materi.
16.35%
Business Services
7.78%
Other
4.99%
PIO
Industrials
42.25%
Utilities
17.57%
Non-Energy Materi.
16.28%
Healthcare
10.36%
Technology
8.07%
Other
5.47%
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Diversification
TBLU
Total weight of top 15 holdings out of 15
71.15%
PIO
Total weight of top 15 holdings out of 15
73.12%
Top 15 holdings
Data as of June 30, 2026
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%
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%
Frequently asked questions about TBLU and PIO
How have the TBLU and PIO ETFs performed in 2026?
As of July 27, 2026, TBLU is up 1.48% year-to-date (YTD), while PIO has returned 1.29%. That puts TBLU better performer ahead so far this year.
Which ETF is attracting more investor money: TBLU or PIO?
Year-to-date, the TBLU ETF saw +$3M in flows, compared to -$3M for PIO.
Which ETF is more volatile: TBLU or PIO?
Over the past year, TBLU had a volatility of 13.59%, while PIO experienced 15.36%.
Which ETF is bigger: TBLU or PIO?
As of July 27, 2026, TBLU holds $56.83 M in assets under management (AUM), while PIO manages $270.70 M.
What sectors do the TBLU and PIO ETFs invest in?
TBLU leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, PIO focuses on Industrials, Utilities and Non-Energy Materials.
What are the top holdings of the TBLU ETF and PIO ETF?
TBLU top holdings include Ecolab, Inc., Xylem, Inc. and American Water Works Co., Inc.. PIO holds in its top three: Ecolab, Inc., Pentair plc and Roper Technologies, Inc..
Which ETF is more diversified: TBLU or PIO?
TBLU holds 58 securities with 71.15% of its assets in the top 15. PIO has 40 securities and a top 15 weight of 73.12%.
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Latest news about TBLU & PIO
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