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 +5.4%
PHO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PHO
$2B
Winner
SPY
$781B
Expense Ratio
PHO
0.59%
Winner
SPY
0.09%
Max Drawdown
Winner
PHO
55.80%
SPY
56.47%
Sharpe Ratio
PHO
0.04
Winner
SPY
1.43
5Y Beta
Winner
PHO
0.71
SPY
1.00
P/E Ratio
PHO
26.51
Winner
SPY
26.48
Forward P/E
PHO
21.08
Winner
SPY
20.89
PEG Ratio
PHO
0.86
Winner
SPY
0.30
5Y Dividends CAGR
Winner
PHO
18.97%
SPY
6.00%
5Y EPS CAGR
PHO
13.33%
Winner
SPY
26.40%
Debt to Equity
Winner
PHO
46.60%
SPY
48.17%
P/S Ratio
Winner
PHO
2.72
SPY
3.72
P/B Ratio
Winner
PHO
3.86
SPY
5.55
PHO vs SPY - Holdings Comparison
PHO and SPY have 14 common holdings. Overlap is 0.55%
PHO's top 25 holdings weight is 92.74%. SPY's top 25 holdings weight is 51.49%.
| Rank | PHO | SPY |
|---|---|---|
| #1 | ROPER TECHNOLOGIES INC (ROP) - 8.54% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | ECOLAB INC (ECL) - 8.45% | APPLE INC (AAPL) - 7.44% |
| #3 | FERGUSON ENTERPRISES INC (FERG) - 6.82% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | WATERS CORP (WAT) - 6.82% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | IDEXX LABORATORIES INC (IDXX) - 6.50% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | VERALTO CORP (VLTO) - 4.29% | BROADCOM INC (AVGO) - 2.83% |
| #7 | AMERICAN WATER WORKS CO INC (AWK) - 4.24% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | XYLEM INC (XYL) - 4.11% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | PENTAIR PLC (PNR) - 3.73% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | AGILENT TECHNOLOGIES INC (A) - 3.68% | TESLA INC (TSLA) - 1.65% |
| #11 | IDEX CORP (IEX) - 3.59% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | JACOBS SOLUTIONS INC (J) - 3.20% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | ADVANCED DRAINAGE SYSTEMS INC (WMS) - 3.15% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | AECOM (ACM) - 2.82% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | TRIMBLE INC (TRMB) - 2.73% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | CORE & MAIN INC CLASS A (CNM) - 2.48% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | A.O. SMITH CORP (AOS) - 2.46% | VISA INC CLASS A (V) - 0.91% |
| #18 | TETRA TECH INC (TTEK) - 2.24% | INTEL CORP (INTC) - 0.77% |
| #19 | VALMONT INDUSTRIES INC (VMI) - 2.19% | WALMART INC (WMT) - 0.75% |
| #20 | BENTLEY SYSTEMS INC ORDINARY SHARES CLASS B (BSY) - 2.09% | ABBVIE INC (ABBV) - 0.70% |
| #21 | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 2.01% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | BADGER METER INC (BMI) - 1.99% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | ITRON INC (ITRI) - 1.78% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | MUELLER INDUSTRIES INC (MLI) - 1.67% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 1.16% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 42 | 505 |
PHO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PHO
+4.20%
SPY
+2.30%
3M
Winner
PHO
+5.81%
SPY
+5.00%
6M
PHO
-1.62%
Winner
SPY
+11.88%
1Y
PHO
+3.28%
Winner
SPY
+22.80%
5Y(CAGR)
PHO
+5.44%
Winner
SPY
+13.20%
10Y(CAGR)
PHO
+12.10%
Winner
SPY
+15.26%
Max(CAGR)
PHO
+8.38%
Winner
SPY
+8.59%
PHO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PHO | SPY |
|---|---|---|
| 2026 | +3.03% | +13.10% |
| 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 -2.02%. The current SPY drawdown is -0.36%.
| 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 | -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.
| Year | PHO | SPY |
|---|---|---|
| 2026 | 0.31% | 0.48% |
| 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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