CGW
Invesco S&P Global Water Index ETF
Invesco S&P Global Water ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the performance of the S&P Global Water Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
911.3 M
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
| Fund sponsor | Guggenheim |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | May 14, 2007 |
| Assets (mns) | $911 |
| Expense ratio | 57 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AMERICAN WATER WORKS CO INC | 7.8 % |
| XYLEM INC | 7.3 % |
| UNITED UTILITIES GROUP PLC | 6.0 % |
| VERALTO CORPORATION | 5.7 % |
| SEVERN TRENT PLC | 5.6 % |
| ESSENTIAL UTILITIES, INC. | 4.6 % |
| CIA SANEAMENTO BASICO DE SP | 4.3 % |
| GEBERIT AG-REG | 4.0 % |
| ECOLAB INC | 4.0 % |
| VEOLIA ENVIRONNEMENT | 3.7 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 396 |
| Wgt avg mkt cap (mns) | $12,955 |
| Large cap (>$10bn) | 43.5% |
| Mid cap ($2-10bn) | 44.1% |
| Small cap (<$2bn) | 6.6% |
| Developed mkts. | 90.0% |
| Emerging mkts. | 10.1% |
Country Exposure
 |
UNITED STATES | 56.2 % |
 |
BRITAIN | 15.2 % |
 |
SWITZERLAND | 7.2 % |
 |
BRAZIL | 5.5 % |
 |
FRANCE | 3.8 % |
 |
INDIA | 2.9 % |
 |
JAPAN | 2.3 % |
 |
NETHERLANDS | 1.1 % |
 |
ITALY | 0.8 % |
 |
HONG KONG | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.7% | 14.7% | 9.5% | 0.8% | 9.1% | 8.9% | 6.8% | Volatility | 13.9% | 14.6% | 15.9% | 18.4% | 21.5% | 17.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 82% |
| MSCI EAFE | 1.14 | 83% |
| MSCI Emg Mkts | 0.82 | 43% |
Liquidity Measures
| Avg. volume (000) | 27 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $1,476 |
Technical Indicators
| Recent close | $55.59 |
| 30d moving avg. | $59.13 |
| Annualized volatility | 21.7% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CGW |
Expenses vs. CGW |
ALTAR Score™ vs. CGW |
|---|---|---|---|---|
| AQWA | Global X Clean Water ETF | 65.4% | -7 bp | -0.1% |
| EFRA | iShares Environmental Infrastructure and Industrials ETF | 45.9% | -10 bp | +0.8% |
| PIO | Invesco Global Water ETF | 45.8% | +18 bp | +0.8% |
| FIW | First Trust Water ETF | 45.6% | -4 bp | +0.2% |
| PHO | Invesco Water Resources ETF | 44.3% | +3 bp | +0.1% |
| EBLU | Ecofin Global Water ESG Fund | 40.5% | -17 bp | +0.3% |
| IWTR | iShares MSCI Water Management Multisector ETF | 33.0% | -10 bp | +0.6% |
| SIMS | SPDR S&P Kensho Intelligent Structures ETF | 15.6% | -12 bp | -11.8% |
| FTRI | First Trust Indxx Global Natural Resources Income ETF | 14.8% | +13 bp | +6.2% |
| AHOY | Newday Ocean Health ETF | 14.5% | +18 bp | +1.8% |
Risk and Returns: CGW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/19/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CGW
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
CGW
4.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. CGW's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places CGW in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CGWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| CGW (57 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CGW | 57.0 | 8.5 | 65.5 |
| Peer Avg. | 49.1 | 28.8 | 77.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .