WTRX has several established competitors.
The First Trust ISE Water ETF (NYSEArca: FIW) and PowerShares Water Resources Portfolio (NYSEArca: PHO) both track U.S. companies that derive their revenue from products that conserve and purify water. The Guggenheim S&P Global Water Fund (NYSEArca: CGW) and PowerShares Global Water Portfolio (NYSEArca: PIO) both track companies that are associated with global water utilities, infrastructure, equipment, instruments and materials.
CGW, the first dedicated water ETF to trade in the U.S., tracks companies associated with the global demand for water, including water utilities, infrastructure, equipment, instruments and materials. PIO holds shares of companies that are associated with global water utilities, infrastructure, equipment, instruments and materials.
“For someone who is a fan of active investments in search of alpha, this fund can be looked at in conjunction with other active water investments such as mutual funds or the two unit investment trust series,” said Seeking Alpha of WTRX.