FIW vs PIO
First Trust Water ETF compared with Invesco Global Water ETF on yield, payout growth, payment schedule, cost and risk.
FIW
First Trust Water ETF
TTM yield · Quarterly
PIO
Invesco Global Water ETF
TTM yield · Quarterly
Quick take
- PIO yields more today: 2.75% vs 0.68% (forward).
- FIW has grown its payout faster: 16.8%/yr vs -1.7%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year PIO delivered the higher total return: +0.2% vs -1.3% (price change plus payouts).
- FIW is cheaper to own: 0.50% vs 0.75% expense ratio.
- FIW has the steadier distribution: consistency 74/100 vs 0/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FIW | PIO |
|---|---|---|
| Share price | $110.09 | $44.58 |
| TTM yield | 0.72% | 0.87% |
| Forward yield | 0.68% | 2.75% |
| Annual payout per share | $0.748 | $1.224 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 24, 2026 (est.) | Dec 21, 2026 (est.) |
| Expense ratio | 0.50% | 0.75% |
| 1-year payout growth | +0.4% | -16.8% |
| 5-year payout CAGR | +16.8% | -1.7% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 74/100 | 0/100 |
| 1-year total return | -1.3% | +0.2% |
| 1-year price return | -2.0% | -0.7% |
| Size (market cap / AUM) | 1.7B | 261.4M |
| Years paying | 18.8 | 17.8 |
| Sector / category | Miscellaneous Sector | Miscellaneous Sector |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FIW | PIO | |
|---|---|---|
| Shares | 90.8 | 224.3 |
| Income per year | $68 | $275 |
| Income per month (avg) | $6 | $23 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FIW Dec 24, 2026 | Jan 7, 2027 | $0.187 | Est. |
| FIW Mar 25, 2027 | Apr 8, 2027 | $0.187 | Est. |
| FIW Jun 24, 2027 | Jul 8, 2027 | $0.187 | Est. |
| PIO Dec 21, 2026 | Dec 25, 2026 | $0.306 | Est. |
| PIO Mar 22, 2027 | Mar 26, 2027 | $0.306 | Est. |
| PIO Jun 21, 2027 | Jun 25, 2027 | $0.306 | Est. |
Annual payouts per share
FIWPIO
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FIW or PIO?
PIO currently has the higher trailing yield: FIW yields 0.72% and PIO yields 0.87%. Yield changes daily with price, so check the live figures above.
How often do FIW and PIO pay?
FIW pays every quarter and PIO pays every quarter. FIW's next ex-date is Dec 24, 2026 and PIO's is Dec 21, 2026.
Which has grown its dividend faster, FIW or PIO?
FIW has grown its payout faster: 16.8%/yr vs -1.7%/yr over the last 5 years.
Is FIW or PIO better for income?
It depends on what you are optimising for. FIW and PIO differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.