VS
iShares Global Agriculture Index ETF (COW) and iShares Global Water Index ETF (CWW) offer distinct profiles for Canadian ETF investors. A direct comparison shows that COW focuses its top 3 sector exposures on Consumer Non-Cyclicals, Non-Energy Materials, and Industrials, while CWW leans towards Utilities, Industrials, and Non-Energy Materials. When evaluating costs, COW features a management fee (MER) of 0.65%, compared to 0.6% for CWW. Performance-wise, COW has returned 14.89% year-to-date with +$30 M in net flows, whereas CWW is at 2.64% with -$10 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
COW
CWW
| AuM | $285.35 M | $289.98 M |
| Management Fees | 0.65% | 0.60% |
| Exp. ratio | 0.71% | 0.66% |
| Tracking Difference | - | -1.00% |
Historical performance and flows
As of September 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | COW | -2.38% | -0.57% | +14.89% | +8.90% | +21.74% |
CWW | -1.61% | -4.48% | +2.64% | +1.47% | +46.97% | |
| Flows | COW | +$0 M | -$0 M | +$30 M | +$27 M | -$120 M |
CWW | -$2 M | -$5 M | -$10 M | -$16 M | -$113 M |
COW vs CWW exposure
Countries
COW
USA
81.30%
Canada
7.89%
Other
10.81%
CWW
USA
56.13%
United Kingdom
14.45%
Brazil
9.63%
Other
19.80%
Sectors
COW
Consumer Non-Cyclicals
37.16%
Non-Energy Materials
35.57%
Industrials
24.58%
CWW
Utilities
45.66%
Industrials
35.14%
Non-Energy Materials
15.45%
As of September 29, 2026
Top 10 Holdings
COW
Deere & Co.
10.20%
Corteva, Inc.
10.14%
Archer-Daniels-Midland Co.
9.27%
Nutrien Ltd.
7.02%
AGCO Corp.
6.52%
Bunge Global SA
5.81%
Tyson Foods, Inc.
5.65%
Sociedad Quimica y Minera de Chile SA
5.05%
Ingredion, Inc.
4.65%
The Andersons, Inc.
4.46%
CWW
American Water Works Co., Inc.
8.28%
Xylem, Inc.
7.34%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
6.80%
Essential Utilities, Inc.
5.89%
United Utilities Group Plc
5.78%
Severn Trent Plc
5.25%
Veralto Corp.
4.78%
Ecolab, Inc.
4.09%
Geberit AG
3.74%
Watts Water Technologies, Inc.
3.38%
Diversification
COW
Total weight of top 10 holdings out of 35 total
68.77%
CWW
Total weight of top 10 holdings out of 66 total
55.32%
Characteristics
Compare
COW
CWW
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MFC Custom Global Agriculture Total Return Index - USD | S&P Global Water Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.39% | 1.32% |
| Meets ESG criteria | No | Yes |
| Inception Date | December 19, 2007 | June 4, 2007 |
Frequently asked questions about COW and CWW
Which ETF has performed better year to date: COW or CWW?
As of September 29, 2026, COW has returned 14.89% year to date, while CWW has returned 2.64%. COW is ahead on YTD performance.
Which ETF is larger by assets under management: COW or CWW?
As of September 29, 2026, COW manages $285.35 M in assets, while CWW manages $289.98 M. CWW is the larger fund by AUM.
How are COW and CWW managed?
COW is passively managed by iShares. It tracks the MFC Custom Global Agriculture Total Return Index - USD benchmark. CWW is passively managed by iShares. It tracks the S&P Global Water Total Return Index - CAD benchmark.
What sectors do COW and CWW emphasize?
COW is most exposed to Consumer Non-Cyclicals, Non-Energy Materials, and Industrials. CWW is most exposed to Utilities, Industrials, and Non-Energy Materials.
Which ETF is attracting more investor flows: COW or CWW?
Year to date, COW has seen +$29.91 M in net flows, compared with -$9.95 M for CWW. COW has attracted more net investor money so far.
How do the fees of COW and CWW compare?
COW has an expense ratio of 0.71%, while CWW has an expense ratio of 0.66%.
What are the top holdings of COW and CWW?
COW's largest holdings include Deere & Co., Corteva, Inc., and Archer-Daniels-Midland Co.. CWW's top holdings include American Water Works Co., Inc., Xylem, Inc., and Companhia de Saneamento Basico do Estado de Sao Paulo SABESP.
Which ETF is more diversified: COW or CWW?
COW holds 35 securities, while CWW holds 66. On holdings count, CWW is the more diversified portfolio.
Recent articles about COW and CWW
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