Is FIW a good investment?

First Trust Water ETF (FIW) is a real-assets ETF. As of September 11, 2026, ETF Copilot scores FIW 4.2 out of 10 — highest on Valuation (9.5), lowest on Growth (2.0). Its ten largest holdings are 43% of the fund.

Updated September 11, 2026

How is FIW rated? ETF Copilot scores First Trust Water ETF (FIW) 4.2 out of 10

As of September 11, 2026, ETF Copilot scores First Trust Water ETF (FIW) 4.2 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 4.2 / 10
Growth: 2.0 / 10
Valuation: 9.5 / 10
Risk: 4.5 / 10
Quality: 2.8 / 10
Return: 3.5 / 10

What is FIW's expense ratio? 0.50% a year

As of September 11, 2026, FIW charges 0.50% a year, yields 1.12% and holds $1.8B in assets across 37 positions.

First Trust Water ETF (FIW) — cost, income and size
Measure	FIW
Expense ratio	0.50%
Dividend yield	1.12%
Assets under management	$1.8B
Holdings	37

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.

What stands out in FIW's data

U.S. water industry companies, from utilities to equipment makers.

Trades at a higher price than the typical real-assets peer — you pay more for each dollar of earnings.

Its trailing EBITDA multiple of 15.1x sits above the category median of 9.2x. The fund holds 37 names, a focused basket.

A thematic bet on water infrastructure — a focused sector sleeve for a portfolio.

Why did FIW move this week? It fell 3.0% in the week to September 11, 2026 — Roper Technologies and Core & Main drove it

FIW fell 3.0% in the week to September 11, 2026. The holdings that moved it most were Roper Technologies (−8.0%), Core & Main (−7.6%) and Veralto (−3.9%); Valmont Industries (+1.8%) pushed the other way.

What's inside FIW?

What's inside FIW: Size (Large 26%, Mid 55%, Small 18%); Geography (International 12%, US 89%); Tech 7.8%.

What are FIW's top holdings? The ten largest are 43% of the fund

Waters, Agilent Technologies, Roper Technologies, American Water Works, Veralto, Idex, Mueller Industries, Jacobs Solutions, Ecolab and Ferguson Enterprises are FIW's largest holdings, in that order.

Less concentrated than 62% of Thematic - Real Assets ETFs.

Half of FIW's weight sits in its 12 largest positions, and once those weights are taken into account it behaves like 31 equally weighted holdings.

Cite this

ETF Copilot, “First Trust Water ETF (FIW) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fiw