First Trust Water ETF (FIW) is a real-assets ETF. As of October 28, 2026, ETF Copilot scores FIW 4.9 out of 10 — highest on Value (8.7), lowest on Growth (2.6). Its ten largest holdings are 41% of the fund.
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 water-sector peer — you pay more for the same earnings.
Trailing P/E multiple of 25.0x sits above the peer median of 16.8x, though its own history of 27.1x.
A thematic bet on water infrastructure — a focused sector sleeve for a portfolio.
Why did FIW move this week? It rose 1.5% in the week to October 28, 2026 — Pentair and Roper Technologies drove it
FIW rose 1.5% in the week to October 28, 2026. The holdings that moved it most were Pentair (+21.8%), Roper Technologies (+10.8%) and Hawkins (+18.2%); Xylem (−17.0%) pushed the other way.
How is FIW rated? ETF Copilot scores First Trust Water ETF (FIW) 4.9 out of 10
As of October 28, 2026, ETF Copilot scores First Trust Water ETF (FIW) 4.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.9 / 10
- Growth: 2.6 / 10
- Value: 8.7 / 10
- Risk: 5.8 / 10
- Quality: 5.1 / 10
- Return: 3.9 / 10
What's inside FIW? 16% Tech
What's inside FIW: Size (Large 25%, Mid 60%, Small 14%); Geography (International 12%, US 88%); Tech 15.9%.
What are FIW's top holdings? The ten largest are 41% of the fund
Agilent Technologies, Waters, Veralto, Ecolab, Roper Technologies, Ferguson Enterprises, American Water Works, Idexx Labs, Jacobs Solutions and Bentley Systems are FIW's largest holdings, in that order.
Less concentrated than 72% of Real Assets ETFs.
Half of FIW's weight sits in its 13 largest positions, and once those weights are taken into account it behaves like 31 equally weighted holdings.
What is FIW's expense ratio? 0.50% a year
As of October 28, 2026, FIW charges 0.50% a year, yields 0.72% and holds $1.8B in assets across 37 positions.
| Measure | FIW |
|---|---|
| Expense ratio | 0.50% |
| Dividend yield | 0.72% |
| 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.
Cite this
ETF Copilot, “First Trust Water ETF (FIW) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fiw
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