PHO vs SPY
Comparison between INVESCO WATER RESOURCES ETF (PHO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PHO, delivering a return of +13.3% compared to +5.4%
PHO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PHO
$2B
Winner
SPY
$652B
Expense Ratio
PHO
0.59%
Winner
SPY
0.09%
Max Drawdown
Winner
PHO
55.80%
SPY
56.47%
Sharpe Ratio
PHO
0.10
Winner
SPY
2.07
5Y Beta
Winner
PHO
0.75
SPY
1.00
P/E Ratio
Winner
PHO
25.22
SPY
28.24
Forward P/E
Winner
PHO
19.55
SPY
21.85
PEG Ratio
PHO
1.12
SPY
N/A
5Y Dividends CAGR
Winner
PHO
18.44%
SPY
5.43%
5Y EPS CAGR
PHO
14.32%
Winner
SPY
25.79%
Debt to Equity
PHO
45.92%
Winner
SPY
22.35%
P/S Ratio
Winner
PHO
2.56
SPY
3.55
P/B Ratio
Winner
PHO
3.60
SPY
5.29
PHO vs SPY - Holdings Comparison
PHO and SPY have 10 common holdings. Overlap is 0.40%
PHO's top 25 holdings weight is 95.18%. SPY's top 25 holdings weight is 51.32%.
| Rank | PHO | SPY |
|---|---|---|
| #1 | ROPER TECHNOLOGIES INC (ROP) - 8.58% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | FERGUSON ENTERPRISES INC (FERG) - 8.39% | APPLE INC (AAPL) - 6.48% |
| #3 | WATERS CORP (WAT) - 7.98% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | ECOLAB INC (ECL) - 7.34% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | AMERICAN WATER WORKS CO INC (AWK) - 7.20% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | MUELLER INDUSTRIES INC (MLI) - 4.39% | BROADCOM INC (AVGO) - 3.09% |
| #7 | IDEX CORP (IEX) - 4.16% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CORE & MAIN INC CLASS A (CNM) - 3.87% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | XYLEM INC (XYL) - 3.86% | TESLA INC (TSLA) - 1.73% |
| #10 | VERALTO CORP (VLTO) - 3.72% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | PENTAIR PLC (PNR) - 3.54% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | AECOM (ACM) - 3.51% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ESSENTIAL UTILITIES INC (WTRG) - 3.48% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | ADVANCED DRAINAGE SYSTEMS INC (WMS) - 3.26% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | TETRA TECH INC (TTEK) - 3.13% | WALMART INC (WMT) - 0.91% |
| #16 | A.O. SMITH CORP (AOS) - 2.95% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | ITRON INC (ITRI) - 2.81% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | VALMONT INDUSTRIES INC (VMI) - 2.54% | VISA INC CLASS A (V) - 0.85% |
| #19 | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 1.91% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 1.79% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | BADGER METER INC (BMI) - 1.75% | INTEL CORP (INTC) - 0.65% |
| #22 | FRANKLIN ELECTRIC CO INC (FELE) - 1.37% | NETFLIX INC (NFLX) - 0.64% |
| #23 | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO ADR (SBS) - 1.33% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | MUELLER WATER PRODUCTS INC CLASS A SHARES (MWA) - 1.18% | CHEVRON CORP (CVX) - 0.58% |
| #25 | STANTEC INC (STN) - 1.14% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 38 | 505 |
PHO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PHO
-2.32%
Winner
SPY
+9.11%
3M
PHO
-7.50%
Winner
SPY
+6.59%
6M
PHO
-5.88%
Winner
SPY
+10.56%
1Y
PHO
+1.88%
Winner
SPY
+32.04%
5Y(CAGR)
PHO
+5.40%
Winner
SPY
+13.35%
10Y(CAGR)
PHO
+12.09%
Winner
SPY
+15.49%
Max(CAGR)
PHO
+8.09%
Winner
SPY
+8.50%
PHO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PHO | SPY |
|---|---|---|
| 2026 | -4.38% | +8.27% |
| 2025 | +8.35% | +18.00% |
| 2024 | +9.45% | +25.59% |
| 2023 | +18.88% | +26.72% |
| 2022 | -13.39% | -18.64% |
| 2021 | +33.29% | +30.52% |
| 2020 | +20.69% | +17.28% |
| 2019 | +38.21% | +31.09% |
| 2018 | -6.42% | -5.24% |
| 2017 | +22.55% | +20.78% |
| 2016 | +15.29% | +13.59% |
| 2015 | -15.22% | +1.31% |
| 2014 | +0.50% | +14.56% |
| 2013 | +23.97% | +29.00% |
| 2012 | +21.89% | +14.17% |
| 2011 | -11.75% | +0.85% |
| 2010 | +10.95% | +13.14% |
| 2009 | +13.91% | +22.67% |
| 2008 | -31.50% | -36.25% |
| 2007 | +17.56% | +5.32% |
| 2006 | +20.64% | +13.85% |
| 2005 | -1.72% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PHO vs SPY Drawdown Comparison
The maximum drawdown for PHO was -55.62%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PHO drawdown is -9.07%.
| Rank | PHO | SPY |
|---|---|---|
| #1 | -55.62% Jun 5, 2008 - Jan 29, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -34.92% Feb 14, 2020 - Oct 7, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.70% Jun 20, 2014 - Apr 25, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.60% Dec 31, 2021 - Dec 19, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.38% Oct 10, 2007 - May 30, 2008 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.19% Dec 3, 2024 - Aug 12, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.31% May 9, 2006 - Jan 31, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.89% Sep 20, 2018 - Feb 13, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.98% Oct 21, 2025 - Mar 27, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.10% Jul 19, 2007 - Sep 19, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.51% Jan 26, 2018 - Aug 6, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.59% May 21, 2013 - Jul 15, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.20% Sep 2, 2021 - Nov 12, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.90% Feb 23, 2007 - Apr 20, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.80% Mar 20, 2013 - May 17, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PHO and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
PHO vs SPY dividend yield comparison.
| Year | PHO | SPY |
|---|---|---|
| 2026 | 0.15% | 0.24% |
| 2025 | 0.54% | 1.07% |
| 2024 | 0.45% | 1.21% |
| 2023 | 0.59% | 1.40% |
| 2022 | 0.49% | 1.65% |
| 2021 | 0.20% | 1.20% |
| 2020 | 0.39% | 1.52% |
| 2019 | 0.43% | 1.75% |
| 2018 | 0.46% | 2.04% |
| 2017 | 0.34% | 1.80% |
| 2016 | 0.47% | 2.03% |
| 2015 | 0.75% | 2.06% |
| 2014 | 0.59% | 1.87% |
| 2013 | 0.49% | 1.81% |
| 2012 | 0.87% | 2.18% |
| 2011 | 0.64% | 2.05% |
| 2010 | 0.54% | 1.80% |
| 2009 | 0.69% | 1.95% |
| 2008 | 0.55% | 3.02% |
| 2007 | 0.40% | 1.85% |
| 2006 | 0.82% | 1.73% |
| 2005 | 0.22% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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