Largest · Industry · ranked by net assets

The largest Water ETFs

There are 7 US-listed water ETFs, with $5.26B in combined net assets.

The largest is Invesco Water Resources ETF (PHO) at $2.00B, followed by FIW at $1.86B.

Expense ratios run from 0.4% to 0.75% a year (median 0.5%).

The 7 largest

The largest Water ETFs
# Fund 30 daysNet assetsCostYieldYTD1 yr3 yr5 yr
1 PHO Invesco Water Resources ETF $2.00B0.59%0.5%+3.2%-1.6%+13.9%+5.6%
2 FIW First Trust Water ETF $1.86B0.5%0.73%+2.1%-3.2%+13.4%+5.2%
3 CGW Invesco S&P Global Water Index ETF $1.05B0.58%1.57%+1.1%-1.3%+14.8%+3.5%
4 PIO Invesco Global Water ETF $273.4M0.75%0.89%-0.1%-3.9%+12.8%+2.1%
5 TBLU Tortoise Global Water ESG Fund $52.9M0.4%3.54%-0.5%-4.8%——
6 AQWA Global X Clean Water ETF $23.8M0.5%1.61%-0.2%-5.3%+12.3%—
7 IWTR iShares MSCI Water Management Multisector ETF $6.4M0.47%0%0.0%0.0%+13.9%—

Returns are total returns with distributions reinvested (3 and 5 years annualized), as of Oct 27, 2026.

How the top 5 compare

    Growth of each fund’s value from the start of the range, distributions reinvested. The dashed gray line is the S&P 500 (SPY).

    All 7 Water ETFs

    Largest first. Click a heading to sort.

    All Water ETFs
    Fund IssuerNet assetsCostYieldYTD1 yr5 yr
    PHO Invesco Water Resources ETF Invesco$2.00B0.59%0.5%+3.2%-1.6%+5.6%
    FIW First Trust Water ETF First Trust$1.86B0.5%0.73%+2.1%-3.2%+5.2%
    CGW Invesco S&P Global Water Index ETF Invesco$1.05B0.58%1.57%+1.1%-1.3%+3.5%
    PIO Invesco Global Water ETF Invesco$273.4M0.75%0.89%-0.1%-3.9%+2.1%
    TBLU Tortoise Global Water ESG Fund Tortoise$52.9M0.4%3.54%-0.5%-4.8%—
    AQWA Global X Clean Water ETF Global X$23.8M0.5%1.61%-0.2%-5.3%—
    IWTR iShares MSCI Water Management Multisector ETF iShares$6.4M0.47%0%0.0%0.0%—

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