TBLU
Tortoise Global Water ESG ETF
The Tortoise Global Water ESG ETF aims to provide investors with exposure to a diversified portfolio of companies involved in water-related industries while promoting environmental, social, and governance (ESG) principles.
Global
EQUITY
Passive
MANAGEMENT STYLE
$ 52.7 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | Feb 14, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VEOLIA ENVIRONNEMENT | 8.3 % |
| FERGUSON ENTERPRISES INC | 7.7 % |
| ECOLAB INC | 7.1 % |
| AMERICAN WATER WORKS CO INC | 7.1 % |
| GEBERIT AG-REG | 7.0 % |
| XYLEM INC | 6.9 % |
| IDEX CORP | 4.5 % |
| UNITED UTILITIES GROUP PLC | 4.2 % |
| CIA SANEAMENTO BASICO DE-ADR | 4.0 % |
| VERALTO CORPORATION | 3.7 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 441 |
| Wgt avg mkt cap (mns) | $17,303 |
| Large cap (>$10bn) | 59.4% |
| Mid cap ($2-10bn) | 27.1% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 85.1% |
| Emerging mkts. | 4.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 45.8 % |
 |
BRITAIN | 11.7 % |
 |
SWITZERLAND | 11.3 % |
 |
FRANCE | 8.3 % |
 |
JAPAN | 5.6 % |
 |
BRAZIL | 4.0 % |
 |
CANADA | 2.5 % |
 |
HONG KONG | 1.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.9% | -3.6% | 2.6% | 8.8% | 2.0% | -- | -- | 7.6% |
| Dividend Yield | 0.0% | 0.7% | 1.1% | 1.3% | 1.4% | -- | -- | 1.5% |
| Total Returns | -1.9% | -2.8% | 3.7% | 10.1% | 3.4% | -- | -- | 9.2% | Ann. Volatility | 17.3% | 14.8% | 16.3% | 15.5% | 17.4% | -- | -- | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 37% |
| MSCI EAFE | 0.73 | 54% |
| MSCI Emg Mkts | 0.42 | 32% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.37% |
Technical Indicators
| 30d moving avg. (EMA) | $50.80 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.54/-0.56 |
| Bollinger Bands (Upper/Lower) | $52.53/$48.55 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TBLU |
Expenses vs. TBLU |
ALTAR Score™ vs. TBLU |
|---|---|---|---|---|
| CGW | Invesco S&P Global Water Index ETF | 57.1% | +17 bp | +0.1% |
| PIO | Invesco Global Water ETF | 49.5% | +35 bp | 0.0% |
| EFRA | iShares Environmental Infrastructure and Industrials ETF | 46.5% | +7 bp | +0.5% |
| PHO | Invesco Water Resources ETF | 43.3% | +20 bp | +0.6% |
| AQWA | Global X Clean Water ETF | 41.3% | +10 bp | +0.6% |
| EBLU | Ecofin Global Water ESG Fund | 40.7% | 0 bp | -0.2% |
| FIW | First Trust Water ETF | 36.0% | +13 bp | +0.6% |
| EVX | VanEck Environmental Services ETF | 29.2% | +15 bp | -0.4% |
| FTRI | First Trust Indxx Global Natural Resources Income ETF | 11.8% | +30 bp | +1.1% |
| SIMS | State Street SPDR S&P Kensho Intelligent Structures ETF | 10.8% | +5 bp | -0.2% |
Risk and Returns: TBLU 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
5.2%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. TBLU's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places TBLU in the 64th percentile
among funds in the category.
Sell-Side Consensus
$60.62
PRICE TARGET
+22.0%
UPSIDE