# The most concentrated water ETFs

> The most concentrated water ETFs, ranked by the share of the fund held in its ten largest positions, as of Oct 20, 2026.

Data as of Oct 20, 2026. Rebuilt every trading night.

As of Oct 20, 2026 . Rebuilt every trading night.

## The most concentrated water ETFs

See 6 funds ranked by the share of the fund held in its ten largest positions. Updated Oct 20, 2026. Two funds on one theme can hold ten names or two hundred. Fund names do not show which.

| # | Ticker | Fund | Top ten weight | Holdings | Net assets | Total return, 1Y |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | TBLU | Tortoise Global Water ETF | 60.2% | 58 | $53m | −3.4% |
| 2 | PIO | Invesco Global Water ETF | 59.2% | 43 | $270m | −2.4% |
| 3 | AQWA | Global X Clean Water ETF | 58.2% | 40 | $20m | −5.7% |
| 4 | PHO | Invesco Water Resources ETF | 57.9% | 42 | $2.0bn | −4.4% |
| 5 | CGW | Invesco S&P Global Water Index ETF | 55.5% | 76 | $1.0bn | 0.0% |
| 6 | FIW | First Trust Water ETF | 40.9% | 36 | $1.8bn | −5.7% |

### Method

The 6 of 6 ETFs in the water theme with a filed book, most concentrated first. Across the funds listed here the weight in the ten largest runs from 40.9% to 60.2%. Concentration is not a fault. It shows how much rides on ten holdings. The list sorts one published figure, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, The most concentrated water ETFs, ranked by the share of the fund held in its ten largest positions, data as of Oct 20, 2026. https://etfiq.com/rankings/themes-concentrated-water
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