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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 +13.2% compared to +5.3%

PHO vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
PHO
$2B
Winner
SPY
$784B
Expense Ratio
PHO
0.59%
Winner
SPY
0.09%
Max Drawdown
Winner
PHO
55.80%
SPY
56.47%
Sharpe Ratio
PHO
-0.29
Winner
SPY
1.54
5Y Beta
Winner
PHO
0.73
SPY
1.00
P/E Ratio
Winner
PHO
24.29
SPY
27.62
Forward P/E
Winner
PHO
19.43
SPY
21.11
PEG Ratio
PHO
1.00
SPY
N/A
5Y Dividends CAGR
Winner
PHO
18.97%
SPY
6.00%
5Y EPS CAGR
PHO
15.22%
Winner
SPY
25.30%
Debt to Equity
PHO
45.73%
Winner
SPY
31.11%
P/S Ratio
Winner
PHO
2.48
SPY
3.49
P/B Ratio
Winner
PHO
3.20
SPY
5.30

PHO vs SPY - Holdings Comparison

PHO and SPY have 10 common holdings. Overlap is 0.39%

PHO's top 25 holdings weight is 95.16%. SPY's top 25 holdings weight is 51.24%.

RankPHOSPY
#1
WATERS CORP (WAT) - 9.61%
NVIDIA CORP (NVDA) - 7.81%
#2
ROPER TECHNOLOGIES INC (ROP) - 8.16%
APPLE INC (AAPL) - 6.81%
#3
FERGUSON ENTERPRISES INC (FERG) - 7.89%
MICROSOFT CORP (MSFT) - 4.53%
#4
ECOLAB INC (ECL) - 7.54%
AMAZON.COM INC (AMZN) - 3.72%
#5
AMERICAN WATER WORKS CO INC (AWK) - 6.92%
ALPHABET INC CLASS A (GOOGL) - 3.39%
#6
IDEX CORP (IEX) - 4.64%
BROADCOM INC (AVGO) - 2.77%
#7
MUELLER INDUSTRIES INC (MLI) - 4.53%
ALPHABET INC CLASS C (GOOG) - 2.72%
#8
CORE & MAIN INC CLASS A (CNM) - 3.87%
META PLATFORMS INC CLASS A (META) - 2.03%
#9
VERALTO CORP (VLTO) - 3.72%
MICRON TECHNOLOGY INC (MU) - 1.78%
#10
XYLEM INC (XYL) - 3.71%
TESLA INC (TSLA) - 1.76%
#11
ESSENTIAL UTILITIES INC (WTRG) - 3.29%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41%
#12
ADVANCED DRAINAGE SYSTEMS INC (WMS) - 3.27%
JPMORGAN CHASE & CO (JPM) - 1.38%
#13
PENTAIR PLC (PNR) - 3.24%
ELI LILLY AND CO (LLY) - 1.38%
#14
AECOM (ACM) - 3.03%
ADVANCED MICRO DEVICES INC (AMD) - 1.28%
#15
VALMONT INDUSTRIES INC (VMI) - 2.96%
EXXON MOBIL CORP (XOM) - 0.92%
#16
TETRA TECH INC (TTEK) - 2.78%
JOHNSON & JOHNSON (JNJ) - 0.88%
#17
A.O. SMITH CORP (AOS) - 2.74%
VISA INC CLASS A (V) - 0.87%
#18
ITRON INC (ITRI) - 2.66%
INTEL CORP (INTC) - 0.85%
#19
WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 2.25%
WALMART INC (WMT) - 0.82%
#20
BADGER METER INC (BMI) - 2.04%
CISCO SYSTEMS INC (CSCO) - 0.73%
#21
ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 1.75%
LAM RESEARCH CORP (LRCX) - 0.71%
#22
FRANKLIN ELECTRIC CO INC (FELE) - 1.41%
APPLIED MATERIALS INC (AMAT) - 0.70%
#23
MUELLER WATER PRODUCTS INC CLASS A SHARES (MWA) - 1.12%
CATERPILLAR INC (CAT) - 0.68%
#24
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO ADR (SBS) - 1.06%
COSTCO WHOLESALE CORP (COST) - 0.68%
#25
HAWKINS INC (HWKN) - 0.97%
MASTERCARD INC CLASS A (MA) - 0.63%
Total Holdings39505

PHO vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
PHO
+2.01%
SPY
-1.37%
3M
PHO
-0.06%
Winner
SPY
+12.22%
6M
PHO
-6.73%
Winner
SPY
+7.20%
1Y
PHO
-3.23%
Winner
SPY
+23.58%
5Y(CAGR)
PHO
+5.33%
Winner
SPY
+13.19%
10Y(CAGR)
PHO
+11.44%
Winner
SPY
+15.12%
Max(CAGR)
PHO
+7.96%
Winner
SPY
+8.44%

PHO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearPHOSPY
2026-5.70%+7.95%
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%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/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 -10.33%. The current SPY drawdown is -3.18%.

RankPHOSPY
#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
#9-13.79%
Oct 21, 2025 - May 19, 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 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98
-101

Dividend Comparison (1999 - 2026)

PHO vs SPY dividend yield comparison.

YearPHOSPY
20260.34%0.50%
20250.54%1.07%
20240.45%1.21%
20230.59%1.40%
20220.49%1.65%
20210.20%1.20%
20200.39%1.52%
20190.43%1.75%
20180.46%2.04%
20170.34%1.80%
20160.47%2.03%
20150.75%2.06%
20140.59%1.87%
20130.49%1.81%
20120.87%2.18%
20110.64%2.05%
20100.54%1.80%
20090.69%1.95%
20080.55%3.02%
20070.40%1.85%
20060.82%1.73%
20050.22%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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