FIW vs. PIO ETF Comparison
Comparison of First Trust ISE Water Index Fund (FIW) to PowerShares Global Water Portfolio (PIO)
FIW
First Trust ISE Water Index Fund
FIW Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Water Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$105.92
Average Daily Volume
34,048
33
PIO
PowerShares Global Water Portfolio
PIO Description
The PowerShares Global Water Portfolio (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.Grade (RS Rating)
Last Trade
$40.50
Average Daily Volume
8,835
12
Performance
| Period | FIW | PIO |
|---|---|---|
| 30 Days | -2.03% | -5.06% |
| 60 Days | -1.43% | -3.85% |
| 90 Days | 0.97% | -0.98% |
| 12 Months | 31.31% | 23.62% |
11 Overlapping Holdings
| Symbol | Grade | Weight in FIW | Weight in PIO | Overlap | |
|---|---|---|---|---|---|
| AOS | F | 2.79% | 1.82% | 1.82% | |
| AWK | D | 3.94% | 3.17% | 3.17% | |
| CNM | D | 2.87% | 2.85% | 2.85% | |
| ECL | C | 4.08% | 8.4% | 4.08% | |
| IEX | A | 3.97% | 2.6% | 2.6% | |
| PNR | B | 3.95% | 9.08% | 3.95% | |
| ROP | D | 3.94% | 8.05% | 3.94% | |
| VLTO | D | 3.79% | 3.85% | 3.79% | |
| WAT | A | 3.81% | 3.33% | 3.33% | |
| WMS | F | 3.4% | 2.19% | 2.19% | |
| XYL | F | 3.83% | 3.92% | 3.83% |
FIW Overweight 22 Positions Relative to PIO
FIW Underweight 1 Positions Relative to PIO
| Symbol | Grade | Weight | |
|---|---|---|---|
| CWCO | F | -0.26% |
FIW: Top Represented Industries & Keywords
PIO: Top Represented Industries & Keywords
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