FIW
First Trust Water ETF
First Trust ISE Water Index Fund seeks investment results that correspond to the ISE Water Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.9 B
ASSETS UNDER MGMT
53 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $1,933 |
| Expense ratio | 53 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WATERS CORP | 5.4 % |
| AGILENT TECHNOLOGIES INC | 4.8 % |
| IDEXX LABORATORIES INC | 4.5 % |
| FERGUSON ENTERPRISES INC | 4.4 % |
| XYLEM INC | 4.0 % |
| PENTAIR PLC | 4.0 % |
| VERALTO CORPORATION | 4.0 % |
| IDEX CORP | 3.9 % |
| ECOLAB INC | 3.9 % |
| AMERICAN WATER WORKS CO INC | 3.7 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 325 |
| Wgt avg mkt cap (mns) | $19,827 |
| Large cap (>$10bn) | 62.5% |
| Mid cap ($2-10bn) | 28.7% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.4% |
Country Exposure
 |
UNITED STATES | 89.2 % |
 |
CANADA | 5.2 % |
 |
BRITAIN | 4.0 % |
 |
BRAZIL | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.8% | 1.6% | 12.8% | 10.3% | 10.1% | 13.6% | -- | 9.7% |
| Dividend Yield | 0.2% | 0.2% | 0.3% | 0.5% | 0.5% | 0.7% | -- | 0.8% |
| Total Returns | 10.0% | 1.7% | 13.2% | 10.8% | 10.7% | 14.3% | -- | 10.5% | Ann. Volatility | 18.5% | 18.4% | 16.9% | 16.8% | 18.5% | 20.0% | -- | 23.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 57% |
| MSCI EAFE | 0.78 | 50% |
| MSCI Emg Mkts | 0.62 | 36% |
Liquidity Measures
| Avg. volume (000) | 38 |
| ADV traded (mns) | $4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $111.25 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.18/-0.40 |
| Bollinger Bands (Upper/Lower) | $113.93/$107.27 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FIW |
Expenses vs. FIW |
ALTAR Score™ vs. FIW |
|---|---|---|---|---|
| PHO | Invesco Water Resources ETF | 72.6% | +7 bp | +4.9% |
| TBLU | Tortoise Global Water ESG ETF | 49.5% | -13 bp | +4.7% |
| CGW | Invesco S&P Global Water Index ETF | 42.5% | +4 bp | +4.7% |
| AQWA | Global X Clean Water ETF | 42.4% | -3 bp | +5.1% |
| PIO | Invesco Global Water ETF | 35.1% | +22 bp | +4.5% |
| EFRA | iShares Environmental Infrastructure and Industrials ETF | 32.5% | -6 bp | +5.3% |
| EBLU | Ecofin Global Water ESG Fund | 32.4% | -13 bp | +4.6% |
| SIMS | State Street SPDR S&P Kensho Intelligent Structures ETF | 18.4% | -8 bp | +5.1% |
| NVIR | Horizon Kinetics Energy and Remediation ETF | 16.9% | +32 bp | +6.6% |
| GSFP | Goldman Sachs Future Planet Equity ETF | 12.6% | +22 bp | +4.4% |
Risk and Returns: FIW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FIW
5.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1025 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. FIW's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places FIW in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FIWSELL
U/W
HOLD
O/W
BUY