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Upturn AI Summary
Invesco S&P Global Water Index ETF(CGW)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CGW
10/02/2026: CGW (1-star) is currently NOT-A-BUY. Pass it for now.
Invesco S&P Global Water Index ETF (CGW) provides investors with exposure to a global basket of companies involved in water utilities, infrastructure, and treatment technologies. As one of the largest and most liquid funds in its category, it offers a robust tool for accessing the defensive, non-discretionary water sector. It is well-suited for long-term investors seeking to hedge against economic cycles or capitalize on global water infrastructure spending. Key risks include industry concentration and sensitivity to utility regulation, necessitating careful monitoring of sector-specific policy shifts. It remains a primary choice for thematic investors who prefer scale and liquidity over niche, smaller alternatives.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the water sector provides essential services, it is typically viewed as a defensive growth play rather than a high-octane growth investment. |
| Momentum investor | Strong fit while signal remains positive | CGW can capture strong trends when infrastructure spending cycles align with macroeconomic expansion. |
| Value investor | Strong fit | Water utilities often provide steady cash flows and regulated returns that appeal to value-oriented investors. |
| Dividend/Income investor | Strong fit | The inclusion of stable, dividend-paying utility companies makes this a suitable choice for income-conscious portfolios. |
| Low-risk investor | Mixed fit | While water is a defensive sector, global equity exposure introduces market volatility that may not suit the most conservative investors. |
Investor Profile
Ideal Investor Profile
Investors seeking thematic exposure to a defensive, essential utility sector with a long-term investment horizon.
Suitability
Best suited for long-term investors looking for a portfolio diversifier or thematic tilt toward water infrastructure.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | The fund is subject to general equity market volatility, though it is often less volatile than broader indices. |
| Market risk | Medium | Global equity market downturns will negatively impact the performance of the underlying holdings. |
| Concentration | Medium / high | Because the ETF is tied to a specific industry, it lacks the broad sector diversification of a total market index. |
| Tracking/expense | Low | The fund maintains a reasonable expense ratio and effectively tracks its benchmark. |
| Liquidity | Low | High trading volumes ensure that liquidity risk is minimal for most investors. |
| Business/sector quality | Low | The sector is composed of essential service providers with generally stable and regulated business models. |
Risk Analysis
Volatility
CGW typically displays moderate volatility compared to broader indices, as water utilities provide a defensive anchor.
Market Risk
The fund is exposed to global equity market cycles, particularly sensitive to interest rate environments and infrastructure spending policies.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Industry | Water Utilities | 45 | Provides stable exposure to essential services involved in water distribution and management. |
| Industry | Water Infrastructure and Equipment | 40 | Offers growth potential through companies designing and building critical water treatment and transport infrastructure. |
| Geography | Developed Markets (US, UK, Europe) | 15 | Concentrates the portfolio in stable economies with mature regulatory environments for water services. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit -6.61% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $1.02B |
| Issuer | Invesco |
| Expense Ratio | 0.5599999999999999% |
| Distribution Yield | 1.54% |
| Inception | May 14, 2007 |
Performance
| Period | Total Return |
|---|---|
| YTD | -0.27% |
| 1 Year | +1.95% |
| 3 Year | +11.87% |
| 5 Year | +3.22% |
| 10 Year | +9.22% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 12.27% |
| 3Y Volatility | 14.95% |
| 3Y Sharpe Ratio | 0.45 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 4 / 5 |
| Benchmark | MSCI ACWI NR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mid Cap | 48.20% |
| Small Cap | 25.79% |
| Large Cap | 12.54% |
| Micro Cap | 12.33% |
Top Sectors
| Sector | Weight |
|---|---|
| Utilities | 47.18% |
| Industrials | 42.78% |
| Basic Materials | 5.94% |
| Energy | 1.91% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 19.25x |
| Portfolio P/B | 2.57x |
| Portfolio P/S | 2.63x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| American Water Works | 8.08% |
| Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 7.48% |
| Xylem | 7.03% |
| United Utilities Group | 5.84% |
| Essential Utilities | 5.83% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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