# PIO (Invesco Global Water ETF)

Invesco · Thematic ETFs · data as of Sep 11, 2026

PIO holds 45 stocks, and 54% of its weight is outside the S&P 500.

## Key facts

- PIO, already in the S&P 500: 45.6%, as of Sep 11, 2026.
- PIO, active share vs the S&P 500: 99.5%, as of Sep 11, 2026.
- PIO, top ten holdings: 56.5%, as of Sep 11, 2026.
- PIO, total return, 1 year: −3.4%, as of Sep 11, 2026.
- PIO, net assets: $263m (the issuer daily holdings, added up, as of Sep 10, 2026).
- PIO, expense ratio: 0.75% (485BPOS XBRL, Feb 26, 2026).

## PIO over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −0.5% | +3.3% | −3.8 pts | +0.3 pts |
| 6 months | +0.2% | +16.0% | −15.8 pts | −20.5 pts |
| 1 year | −3.4% | +17.5% | −20.9 pts | −26.4 pts |
| 3 years | +27.6% | +77.9% | −50.3 pts | −67.5 pts |
| Since launch | +190.0% | +804.4% | −614.4 pts | −1483.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Water | ETFIQ, editorial |
| Launched | Jan 4, 2010 | ETFIQ |
| Already in the S&P 500, by weight | 45.6% | ETFIQ |
| Active share vs the S&P 500 | 99.5% | ETFIQ |
| Already in the Nasdaq-100, by weight | 13.3% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.7% | ETFIQ |
| Top ten holdings weight | 56.5% | ETFIQ |
| Holdings | 45 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | Roper Technologies Inc 9.7%, Ecolab Inc 8.6%, Cia de Saneamento Basico do Estado de Sao Paulo  6.7%, Pentair PLC 6.5%, Ebara Corp 5.5%, Waters Corp 4.2%, Geberit AG 4.2%, Ferguson Enterprises Inc 4.0%, Veolia Environnement SA 3.6%, IDEXX Laboratories Inc 3.6% | ETFIQ |
| Net assets | $263m | the issuer daily holdings, added up, as of Sep 10, 2026 |
| Below its all-time high | −10.3% | ETFIQ |
| Expense ratio | 0.75% | 485BPOS XBRL, Feb 26, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.75% | ETFIQ |
| Closest funds by holdings overlap | PHO 47%, FIW 39%, CGW 38%, EFRA 24%, AQWA 23% | ETFIQ |

## Questions

### How much of PIO is in S&P 500 companies?

By its holdings published by its issuer for Sep 10, 2026, 46% of PIO by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does PIO hold?

45 positions as published by its issuer for Sep 10, 2026, with the top ten at 56% of the fund. The largest are Roper Technologies Inc at 9.7%, Ecolab Inc at 8.6%, Cia de Saneamento Basico do Estado de Sao Paulo  at 6.7%.

### Has PIO beaten the S&P 500?

Over the year to Sep 11, 2026 PIO returned −3.4% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 20.9 points.

### What does PIO cost?

The prospectus expense ratio is 0.75% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.75%.


## Cite this page

ETFIQ, PIO, data as of Sep 11, 2026. https://etfiq.com/funds/pio
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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