PIO holdings and overlap

Name: PIO holdings, overlap with other US ETFs, cost and risk
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

Invesco Global Water ETF (PIO) holds 40 positions in its Invesco file of 2026-10-24. Its three largest are Cia de Saneamento Basico do Estado de Sao Paulo SABESP (SBSP3.BR) at 8.22%, Ecolab (ECL) at 8.14% and Ferguson Enterprises (FERG) at 8.07%, and its ten largest make up 59.4% of the fund.

In its Invesco file of 2026-10-24, PIO is 29.4% industrials, 19.2% utilities and 12.0% health care by sector (no sector found for 23.8%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 48.8% of PIO is in the United States, 13.0% in Brazil, 11.2% in Japan and 7.2% in the United Kingdom.

Edited by VoidLab Data through 2026-10-28 Last revised 2026-10-29

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PIOInvesco Global Water ETFThematic, Invesco, 40 positions

Last close, 2026-10-28

$44.00 +0.50%

52-week range 42 to 49

Largest position

SBSP3.BR

8.22% of the ETF, Cia de Saneamento Basico do Estado de Sao Paulo SABESP

Positions

59.4% in the ten largest

Cost per year

0.75%

$75 a year on $10,000

Assets

$0.3B

under management

Return, 3 years

+34.1%

cumulative, total return

Worst fall

-13.4%

peak to trough, 3 years, weekly closes

What does PIO hold, as of its issuer file of 2026-10-24?

PIO keeps 59.4% of its weight in its ten largest positions, against a median of 51.7% across the 20 Thematic funds with a page here. The position PIO carries furthest above that group is Ecolab at 8.14% of the fund, a company the median fund in that group does not hold at all.

Rank	Company	Weight
1	SBSP3.BR Cia de Saneamento Basico do Estado de Sao Paulo SABESP	8.22%
2	ECL Ecolab	8.14%
3	FERG Ferguson Enterprises	8.07%
4	PNR Pentair	7.34%
5	6361.JP Ebara Corp	6.53%
6	CSMG3.BR Copasa	4.81%
7	WAT Waters	4.37%
8	ROP Roper Technologies	4.12%
9	IDXX Idexx Laboratories	4.02%
10	VIE.FR Veolia Environnement SA	3.8%
11	GEBN.CH Geberit AG	3.7%
12	A Agilent Technologies	3.61%
13	HLMA.GB Halma PLC	3.27%
14	AWK American Water Works	3.24%
15	STN Stantec	2.65%
16	XYL Xylem	2.2%
17	UU.GB United Utilities Group PLC	2.19%
18	VLTO Veralto	1.96%
19	G1A.DE GEA Group AG	1.95%
20	6370.JP Kurita Water Industries Ltd	1.82%
21	6368.JP Organo Corp	1.65%
22	IEX IDEX	1.57%
23	BEAN.CH Belimo Holding AG	1.54%
24	SVT.GB Severn Trent PLC	1.52%
25	021240.KR Coway Co Ltd	1.12%
26	GF.CH Georg Fischer AG	1.1%
27	VATW.IN VA Tech Wabag Ltd	1.04%
28	ASTRA.IN Astral Ltd	0.93%
29	SUN.CH Sulzer AG	0.66%
30	6005.JP Miura Co Ltd	0.56%
31	ARCAD.NL Arcadis NV	0.51%
32	6498.JP Kitz Corp	0.37%
33	JSAW.IN Jindal Saw Ltd	0.36%
34	GEN.GB Genuit Group PLC	0.23%
35	CWCO Consolidated Water	0.2%
36	AGUAS.A.CL Aguas Andinas SA	0.2%
37	9551.JP METAWATER Co Ltd	0.18%
38	6328.JP Ebara Jitsugyo Co Ltd	0.1%
39	MWC.PH Manila Water Co Inc	0.09%
40	KSB.DE KSB SE & Co KGaA	0.01%

The most recent file Invesco has published for PIO is dated 2026-10-24, 4 days before these prices, which is the median for the Invesco ETFs covered here. Every one of the 40 positions PIO holds, with its weight, is in the fund's JSON file. See the other 32 ETFs with a page here that hold SBSP3.BR, and how their weights compare with the 8.22% PIO gives it.

Category: Thematic, set by TickerInside from the ETF's own latest file. In its file of 2026-10-24, its name names a theme (water), and no one sector holds 60% of its stocks whose sector is known (industrials 39%). How categories are set.

Use this data

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How much money went into or out of PIO?

On the close of Friday, October 23, 2026, PIO neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.

2026-09-302026-10-23

From PIO's own holdings files. Every ETF's latest flows.

How is PIO split by sector and country?

Sector	Weight	Weight bar
Industrials	29.4%
Utilities	19.2%
Health care	12.0%
Materials	8.1%
Technology	7.4%
No sector found	23.8%

Country	Weight	Weight bar
United States	48.8%
Brazil	13.0%
Japan	11.2%
United Kingdom	7.2%
Switzerland	7.0%
France	3.8%
Canada	2.6%
India	2.3%
Germany	2.0%
South Korea	1.1%
Other countries	0.8%

From its Invesco file of 2026-10-24. How these are measured.

What did PIO hold in its SEC reports since 2019?

In PIO's SEC filings, its largest position went from Danaher Corporation (DHR) at 7.39% on 2019-10-31 to Roper Technologies (ROP) at 9.41% on 2026-07-31, across 25 quarterly reports.

Largest in 2019

DHR

7.39% on 2019-10-31

Largest in 2026

ROP

9.41% on 2026-07-31

Ten largest

57.6%

53.3% in 2019

Quarterly reports

since 2019, SEC Form N-PORT

2019The ten largest positions, report by report2026

Report	Positions	Largest	Top 10
2019-10-31	41	DHR 7.39%	53.3%
2020-10-31	42	DHR 9.01%	54.0%
2021-10-31	42	ECL 8.11%	56.0%
2022-10-31	42	ROP 8.49%	57.0%
2023-10-31	38	ROP 8.85%	54.6%
2024-10-31	37	PNR 9.29%	57.7%
2025-10-31	36	PNR 7.88%	57.5%
2026-07-31	40	ROP 9.41%	57.6%

The first report, then the last of each year, of the 25 reports PIO filed on SEC Form N-PORT from 2019-10-31 to 2026-07-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/pio/{date}.json. How these are read.

What does PIO duplicate?

The ETF nearest to PIO is PHO: the two hold 45.5% of their weight in common, in the 13 companies both own, and 51.5% of PIO itself is also held there. Owning PIO alongside the ETFs at the top of this table means about half of the weight is held twice.

ETF	Overlap by weight	Of PIO held there	Of that ETF in PIO	Companies in both
PHO	45.5%	51.5%	61.8%	13
CGW	38.5%	58.2%	61.7%	23
FIW	37.3%	51.3%	45.3%	12
EFRA	25.3%	40.6%	42.3%	15
IYM	6.5%	8.1%	6.5%	1
RSPN	6.2%	21.1%	6.2%	5
DWX	5.2%	7.5%	5.7%	3
RSPH	5.2%	12.0%	5.2%	3
XLB	5.0%	8.1%	5.0%	1
BMED	4.8%	8.0%	5.1%	2
NOBL	4.6%	19.6%	4.6%	3
EWZS	4.5%	4.8%	4.6%	1

FIW's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-21. NOBL's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-28. The other ETFs' holdings are from their issuers' latest files. Check PIO against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to PIO?

MCHI shares 0% of weight with PIO and its weekly returns correlate with it at 0.41 over three years. The table lists the covered ETFs with the least in common with PIO, least shared weight first and, among equals, lowest correlation.

ETF	Name	Overlap by weight	Correlation, 3y	Companies in both
MCHI	iShares MSCI China ETF	0.0%	0.41	0
SOXX	iShares Semiconductor ETF	0.0%	0.55	0
PFF	iShares Preferred and Income Securities ETF	0.0%	0.56	0
MTUM	iShares MSCI USA Momentum Factor ETF	0.0%	0.58	0
USRT	iShares Core U.S. REIT ETF	0.0%	0.58	0
OEF	iShares S&P 100 ETF	0.0%	0.64	0
REET	iShares Global REIT ETF	0.0%	0.64	0
THRO	iShares U.S. Thematic Rotation Active ETF	0.0%	0.67	1

Cost, returns and risk

Expense ratio	0.75%
Dividend yield	0.90%
Total return, 1 year	-1.1%
Total return, 3 years cumulative	34.1%
Total return, 5 years cumulative	10.3%
Volatility, annualised	15.3%
Worst fall, 3 years	-13.4%
Beta against SPY, 3 years of weekly returns	0.79
Weight in the ten largest positions	59.4%
Largest single position	8.2%
Assets under management	$0.3B

Expense ratio, yield and assets are reference data (the expense ratio from PIO's SEC filing of 2026-02-26); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-24; every other figure is computed here from weekly closes.

How it moves with the market

Against	Correlation, 3 years	Covariance, annualised, in percent squared
SPY	0.72often in step	152
QQQ	0.60loosely linked	178

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

Year	Total return
2026	0.4%
2025	14.2%
2024	-0.4%
2023	22.2%
2022	-24.1%

One year

PIO 98 SPY 116

2025-11-072026-10-30

PIO rebased to 100 a year ago, weekly closes, prices through 2026-10-28.

Where to go next

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ROBO, ROBO Global Robotics and Automation Index ETF
TAN, Invesco Solar ETF
Run a portfolio x-ray to see what PIO carries once you look through it
Compare PIO against any other ETF in the builder

Holdings from the most recent file Invesco has published, dated 2026-10-24. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, Invesco Global Water ETF (PIO), holdings from the issuer's file of 2026-10-24, https://tickerinside.com/etf/pio/, CC BY 4.0

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