PHOETF

The First Trust Water ETF (FIW) is a passively managed fund with $1.71 billion in assets that tracks the ISE Clean Edge Water Index. It has a 0.5% expense ratio and 0.76% dividend yield.

The fund has declined 3.23% year-to-date and 7.75% over the past year, with a beta of 0.99 indicating medium risk. It carries a Zacks ETF Rank of 3 (Hold) and is compared to alternative water ETFs like CGW and PHO.

The Invesco S&P Global Water Index ETF (CGW) is a passively managed fund with $1.04 billion in assets and a 0.58% expense ratio. However, it received a Zacks ETF Rank of 4 (Sell), indicating it is not the best option for investors seeking water sector exposure. Alternative ETFs like First Trust Water ETF (FIW) and Invesco Water Resources ETF (PHO) are recommended as better choices with comparable or lower expense ratios.

The Invesco Global Water ETF (PIO) is a passively managed fund tracking the NASDAQ OMX Global Water Index with $268.41 million in assets. While it offers diversified exposure to water-related companies, its 0.75% expense ratio is relatively high compared to alternatives like First Trust Water ETF (0.5%) and Invesco Water Resources ETF (0.59%). The fund received a Zacks ETF Rank of 4 (Sell) and has underperformed year-to-date, making it less attractive for investors seeking water sector exposure.