PIO vs TBLU: holdings overlap, shared companies and scores
As of October 9, 2026, PIO and TBLU overlap 44.5% by weight. Invesco Global Water ETF (PIO): Worldwide water conservation stocks. Tortoise Global Water Fund (TBLU): Global water companies.
Updated October 9, 2026
What moved TBLU this week
TBLU rose 0.8% in the week to October 9, 2026. The holdings that moved it most were CIA Saneamento Basico (+25.3%), Ecolab (+3.0%) and Veralto (+2.4%); Ferguson Enterprises (−1.5%) pushed the other way.
What do PIO and TBLU each hold?
What's inside PIO: Tech 4%.
60% of PIO is its ten largest holdings.
What's inside TBLU: Tech 1%.
62% of TBLU is its ten largest holdings.
How much do PIO and TBLU overlap? 44.5% by weight
As of October 9, 2026, PIO and TBLU overlap 44.5% by weight.
53% of PIO is already inside TBLU.
74% of TBLU is already inside PIO.
PIO holds 40 companies and TBLU holds 60; 21 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score PIO and TBLU? 3.9 and 4.5 out of 10
As of October 9, 2026, ETF Copilot scores PIO 3.9 out of 10 and TBLU 4.5 out of 10.
They differ most on Growth: PIO 0.5 and TBLU 4.4.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | PIO | TBLU |
|---|---|---|
| Growth | 0.5 | 4.4 |
| Value | 9.3 | 8.8 |
| Risk | 4.1 | 4.3 |
| Quality | 6.0 | 4.8 |
| Return | 2.1 | 1.5 |
TBLU is the cheaper of the two at 0.40% a year
As of October 9, 2026, PIO charges 0.75% a year, yields 0.87% and holds $266M in assets across 40 positions.
As of October 9, 2026, TBLU charges 0.40% a year, yields 3.59% and holds $53M in assets across 60 positions.
| Measure | PIO | TBLU |
|---|---|---|
| Expense ratio | 0.75% | 0.40% |
| Dividend yield | 0.87% | 3.59% |
| Assets under management | $266M | $53M |
| Holdings | 40 | 60 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “PIO vs TBLU holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/pio-vs-tblu
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