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PIO vs INRO

Invesco Global Water ETF vs iShares U.S. Industry Rotation Active ETF

PIO

Invesco Global Water ETF

Invesco

Annual cost

0.75%

Fund size

$281M

INRO

iShares U.S. Industry Rotation Active ETF

BlackRock

Annual cost

0.42%

Fund size

$31M

Key differences

  • INRO costs 0.33% less per year.
  • PIO is significantly larger than INRO — larger funds tend to be more liquid and less likely to close.
  • PIO covers global markets; INRO covers north america.
  • PIO has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PIOINRO
Annual cost (TER)0.75%0.42%
Fund size (AUM)$281M$31M
Since20072024
Dividend yield0.97%0.69%
Asset classequityequity
Regionglobalnorth america
Strategyindex trackingindex tracking
CAGR 1Y+4.3%+34.5%
CAGR 3Y+8.8%N/A
CAGR 5Y+3.8%N/A
Sharpe 3Y0.39N/A
Volatility 1Y14.70%12.93%
Max drawdown-35.76%-20.02%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to PIO and INRO