ETF Evaluator:
Invesco S&P Global Water ETF ()
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(as of Aug 26)
Best Performing in Natural Resources Over the Last Year
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ETF Details
Invesco S&P Global Water ETF Overview
Invesco S&P Global Water ETF (CGW) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). Invesco launched the ETF in 2007.
The investment seeks to track the investment results (before fees and expenses) of the S&P Global Water Index (the "underlying index").
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index. Strictly in accordance with its guidelines and mandated procedures the index provider compiles, maintains, and calculates the underlying index, which is designed to measure the performance of the largest global companies in water-related businesses, with a target constituent count of 100. The fund is non-diversified.
About Invesco S&P Global Water ETF (CGW)
There are 4 members of the management team with an average tenure of 5.79 years: Peter Hubbard (2018), Michael Jeanette (2018), Pratik Doshi (2020) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and S&P Global Water NR index with a weighting of 100%. Invesco S&P Global Water ETF has 81 securities in its portfolio. The top 10 holdings constitute 55.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco S&P Global Water ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco S&P Global Water ETF has 41.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 58.4% There is 41.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco S&P Global Water ETF has -0.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CGW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco S&P Global Water ETF expense ratio is average compared to funds in the Natural Resources category. Invesco S&P Global Water ETF has an expense ratio of 0.58%, which is 10% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco S&P Global Water ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 41% for the Natural Resources category.
Recently, in the month of July 2026, Invesco S&P Global Water ETF returned -1.1%, which earned it a grade of C, as the Natural Resources category had an average return of -2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco S&P Global Water ETF has a trailing yield of 1.54%, which is below the 2.30% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco S&P Global Water ETF Grades
Year to date, the ETF has returned 3.1%, 3.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 5.9% over the past year (grade of F), 8.9% over the past three years (grade of C) and 4.3% per year over the past five years (grade of D) and 9.7% per year over the past 10 years (grade of D).
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CGW Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CGW Return (NAV) | -1.1% | -0.1% | 5.9% | 8.9% | 4.3% | 9.7% |
| CGW Return (Price) | -1.2% | -0.2% | 6.2% | 9.1% | 4.3% | 9.7% |
| NAV +/- Price Return | 0.012% | 0.030% | -0.299% | -0.141% | 0.006% | -0.016% |
| Natural Resources Avg | -2.2% | -9.2% | 33.5% | 9.8% | 7.4% | 10.4% |
| CGW Grade (NAV) | C | A | F | C | D | D |
| +/- Category (NAV) | 1.0% | 9.1% | -27.6% | -0.9% | -3.1% | -0.7% |
| CGW Tax-Cost Ratio | na | na | 0.6% | 0.7% | 0.6% | 0.6% |
CGW Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGW Return (NAV) | 3.1% | 17.7% | 4.6% | 15.4% | -21.7% | 31.3% | 15.8% | 33.4% | -10.0% | 26.7% | 6.7% |
| CGW Return (Price) | 3.1% | 18.1% | 4.6% | 15.5% | -22.0% | 31.7% | 15.4% | 34.0% | -10.4% | 27.1% | 6.6% |
| NAV +/- Price Ret | 0.018% | 0.022% | -0.006% | 0.007% | 0.013% | 0.012% | -0.023% | 1.9% | 4.0% | 1.3% | -1.8% |
| Natural Resources Avg | 6.5% | 43.5% | -6.0% | 9.9% | -7.3% | 30.1% | 22.9% | 18.4% | -16.7% | 25.1% | 28.4% |
| CGW Grade (NAV) | D | D | A | B | F | B | D | A | B | B | F |
| +/- Category | -3.4% | -25.8% | 10.6% | 5.5% | -14.4% | 1.2% | -7.1% | 15.0% | 6.6% | 1.6% | -21.7% |
| Risk Measures | |
| Beta: | 0.78 |
| R-Squared: | 42% |
| Standard Deviation: | 15.3% |
| Category Risk Index: | 0.63 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.25 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 1,050 Mil |
| Share Class Assets: | $ 1,050 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.58% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.3 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Hubbard Peter (2018), Jeanette Michael (2018), Doshi Pratik (2020), Syed Faiz (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 81 |
| % in Top 10 Holdings: | 55.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 41.7% |
Portfolio Allocation |
|
| Domestic Stock: | 58.4% |
| Foreign Stock: | 41.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | May 14, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.58% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
