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  • ETF
  • PIO
    Pricing Data
    Change: $0.01 (-0.0%)
    Time: 05/27/16
    Previous Close: $21.71
  • Category
  • Water Equities
Last Updated:



Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $11.63
  • 52 Week Hi: $24.61
  • AUM: $201.6 M
  • Shares: 9.3 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 21,330
  • 3 Month Avg. Volume: 19,089

Alternative ETFs in the Water Equities Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF offers exposure to a group of companies operating generally in the water industry, including both water utilities and infrastructure companies and water equipment and materials companies. As such, this ETF likely doesn't belong in a long-term buy-and-hold portfolio due to the targeted nature of exposure, but may be appealing to those who believe that scarcity issues will prompt increased demand for water treatment companies. While this investment thesis may seem compelling, it is not clear how strong the link between water usage/scarcity trends and performance will be going forward. Given the complexity of the issues, as well as the various other business operations of component companies, we're skeptical of the ability of this ETF to accomplish the objective investors may be expecting of it. Moreover, PIO faces severe concentration issues, as a few individual stocks receive huge allocations-- arguably the most so out of the Category-- and it is the priciest fund in the Category as well. From the universe of water ETFs--which includes FIW, PHO, and CGW, this fund is probably the worst choice; it it the most concentrated and expensive and investors looking for exposure to the industry would be better served by looking elsewhere.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for PIO on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Water Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

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PIO Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ PHO
Expenses B+ FIW

Knowledge Centers

PIO In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

PIO Holdings

Filings Data as of: May 03, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Category Low
Category High
% Assets in Top 10
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 49.17%
International Stocks 50.99%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash -0.16%
Other 0.0%

Sector Breakdown

Sector Percentage
Industrials 50.38%
Utilities 29.28%
Basic Materials 16.56%
Health Care 3.87%
Technology 0.06%
Real Estate 0.0%
Consumer Cyclical 0.0%
Consumer Defensive 0.0%
Energy 0.0%
Communication Services 0.0%
Financial Services 0.0%

Market Cap Breakdown

Market Cap Percentage
Giant 0.0%
Large 47.61%
Medium 41.25%
Small 10.89%
Micro 0.41%

Region Breakdown

Region Percentage
U.S. 49.17%
Europe 29.85%
Asia (Emerging) 7.56%
Japan 3.4%
Latin America 2.13%
Asia (Developed) 0.41%
Canada 0.06%
Australia 0.0%
Africa 0.0%
Middle East 0.0%

Market Tier Breakdown

Region Percentage
Developed 90.47%
Emerging 9.69%

Country Breakdown

Country Percentage
United States 49.17%
Singapore 0.41%
United Kingdom 13.59%
France 11.55%
Switzerland 7.57%
China 7.48%
Spain 3.75%
Japan 3.4%
Brazil 2.13%
Finland 0.97%
Other -0.02%

PIO Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 1 other ETFs in the Water Equities ETFdb Category that are also eligible for commission free trading:

PIO Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Category Low
Category High
4 Week Return
No Ranking Available
Category Low
Category High
13 Week Return
Category Low
Category High
26 Week Return
Category Low
Category High
Year to Date Return
Category Low
Category High
1 Year Return
Category Low
Category High
3 Year Return
Category Low
Category High
5 Year Return
Category Low
Category High


The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of PIO relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

PIO Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Category Low
Category High

PIO Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Category Low
Category High

PIO Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Category Low
Category High
20 Day Volatility
Category Low
Category High
50 Day Volatility
Category Low
Category High
200 Day Volatility
Category Low
Category High
Category Low
Category High
Standard Deviation
Category Low
Category High


  • 20 Day MA: $21.50
  • 60 Day MA: $21.11
  • MACD 15 Period: 0.21
  • MACD 100 Period: 1.33
  • Williams % Range 10 Day: 29.11
  • Williams % Range 20 Day: 29.11
  • RSI 10 Day: 59
  • RSI 20 Day: 57
  • RSI 30 Day: 57
  • Ultimate Oscillator: 49

Bollinger Brands

  • Lower Bollinger (10 Day): $21.16
  • Upper Bollinger (10 Day): $21.89
  • Lower Bollinger (20 Day): $21.17
  • Upper Bollinger (20 Day): $21.86
  • Lower Bollinger (30 Day): $21.22
  • Upper Bollinger (30 Day): $21.88

Support & Resistance

  • Support Level 1: $21.64
  • Support Level 2: $21.59
  • Resistance Level 1: $21.78
  • Resistance Level 2: $21.87


  • Stochastic Oscillator %D (1 Day): 28.07
  • Stochastic Oscillator %D (5 Day): 65.82
  • Stochastic Oscillator %K (1 Day): 38.50
  • Stochastic Oscillator %K (5 Day): 61.17

Fact Sheet

Fact sheets are issued by the ETF provider and framed by Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.