PHO vs TMF

Comparison between INVESCO WATER RESOURCES ETF (PHO, ETF) and DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF).

5-Year PerformancePHO has outperformed TMF, delivering a return of +4.7% compared to -34.1%

PHO vs TMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PHO(ETF)	TMF(ETF)
Net Assets	$2B	$2.10B
Expense Ratio	0.59%	N/A
Max Drawdown	55.80%	94.22%
Sharpe Ratio	-0.31	-0.44
5Y Beta	0.70	0.25
P/E Ratio	27.09	N/A
Forward P/E	21.15	N/A
PEG Ratio	0.75	N/A
5Y Dividends CAGR	18.97%	-24.03%
5Y EPS CAGR	13.89%	N/A
Debt to Equity	47.73%	N/A
P/S Ratio	2.61	N/A
P/B Ratio	3.94	N/A

Net Assets

PHO

$2B

Winner

TMF

$2.10B

Expense Ratio

PHO

0.59%

TMF

N/A

Max Drawdown

Winner

PHO

55.80%

TMF

94.22%

Sharpe Ratio

Winner

PHO

-0.31

TMF

-0.44

5Y Beta

PHO

0.70

Winner

TMF

0.25

P/E Ratio

PHO

27.09

TMF

N/A

Forward P/E

PHO

21.15

TMF

N/A

PEG Ratio

PHO

0.75

TMF

N/A

5Y Dividends CAGR

Winner

PHO

18.97%

TMF

-24.03%

5Y EPS CAGR

PHO

13.89%

TMF

N/A

Debt to Equity

PHO

47.73%

TMF

N/A

P/S Ratio

PHO

2.61

TMF

N/A

P/B Ratio

PHO

3.94

TMF

N/A

PHO vs TMF - Holdings Comparison

PHO and TMF have 0 common holdings. Overlap is 0.00%

PHO's top 25 holdings weight is 92.99%. TMF's top 25 holdings weight is 77.07%.

Rank	PHO	TMF
#1	ROPER TECHNOLOGIES INC (ROP) - 8.79%	ISHARES 20& YEAR TREASURY BOND ETF (TLT) - 69.74%
#2	ECOLAB INC (ECL) - 8.06%	GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 7.33%
#3	FERGUSON ENTERPRISES INC (FERG) - 7.23%	N/A
#4	WATERS CORP (WAT) - 6.80%	N/A
#5	IDEXX LABORATORIES INC (IDXX) - 6.54%	N/A
#6	VERALTO CORP (VLTO) - 4.27%	N/A
#7	XYLEM INC (XYL) - 4.06%	N/A
#8	AMERICAN WATER WORKS CO INC (AWK) - 3.96%	N/A
#9	AGILENT TECHNOLOGIES INC (A) - 3.74%	N/A
#10	IDEX CORP (IEX) - 3.64%	N/A
#11	JACOBS SOLUTIONS INC (J) - 3.41%	N/A
#12	PENTAIR PLC (PNR) - 3.18%	N/A
#13	AECOM (ACM) - 3.01%	N/A
#14	ADVANCED DRAINAGE SYSTEMS INC (WMS) - 2.96%	N/A
#15	TRIMBLE INC (TRMB) - 2.94%	N/A
#16	TETRA TECH INC (TTEK) - 2.51%	N/A
#17	CORE & MAIN INC CLASS A (CNM) - 2.44%	N/A
#18	A.O. SMITH CORP (AOS) - 2.37%	N/A
#19	BENTLEY SYSTEMS INC ORDINARY SHARES CLASS B (BSY) - 2.23%	N/A
#20	ITRON INC (ITRI) - 2.12%	N/A
#21	MUELLER INDUSTRIES INC (MLI) - 1.93%	N/A
#22	VALMONT INDUSTRIES INC (VMI) - 1.90%	N/A
#23	WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 1.87%	N/A
#24	BADGER METER INC (BMI) - 1.83%	N/A
#25	ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 1.20%	N/A
Total Holdings	43	2

PHO vs TMF - Historical Returns

Returns include dividend reinvestment.

Period	PHO	TMF
1 month	+4.88%	+0.63%
3 months	+9.21%	-5.35%
6 months	-0.93%	-19.77%
1 year	-1.40%	-10.79%
5 years(CAGR)	+4.75%	-34.09%
10 years(CAGR)	+11.89%	-18.82%
Max(CAGR)	+8.29%	-7.37%

Winner

PHO

+4.88%

TMF

+0.63%

Winner

PHO

+9.21%

TMF

-5.35%

Winner

PHO

-0.93%

TMF

-19.77%

Winner

PHO

-1.40%

TMF

-10.79%

5Y(CAGR)

Winner

PHO

+4.75%

TMF

-34.09%

10Y(CAGR)

Winner

PHO

+11.89%

TMF

-18.82%

Max(CAGR)

Winner

PHO

+8.29%

TMF

-7.37%

PHO vs TMF - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	PHO	TMF
2026	+1.62%	-12.18%
2025	+8.35%	-3.69%
2024	+9.45%	-34.61%
2023	+18.88%	-18.81%
2022	-13.39%	-70.68%
2021	+33.29%	-19.61%
2020	+20.69%	+31.75%
2019	+38.21%	+31.43%
2018	-6.42%	-9.26%
2017	+22.55%	+21.07%
2016	+15.29%	-5.33%
2015	-15.22%	-16.30%
2014	+0.50%	+95.37%
2013	+23.97%	-36.70%
2012	+21.89%	+5.11%
2011	-11.75%	+112.03%
2010	+10.95%	+12.57%
2009	+13.91%	-43.53%
2008	-31.50%	N/A
2007	+17.56%	N/A
2006	+20.64%	N/A
2005	-1.72%	N/A

PHO vs TMF Drawdown Comparison

The maximum drawdown for PHO was -55.62%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.

The maximum drawdown for TMF was -93.59%, occurring on Aug 17, 2026. This drawdown has not yet recovered.

The current PHO drawdown is -3.37%. The current TMF drawdown is -93.11%.

Rank	PHO	TMF
#1	-55.62% Jun 5, 2008 - Jan 29, 2013	-93.59% Mar 9, 2020 - Aug 17, 2026
#2	-34.92% Feb 14, 2020 - Oct 7, 2020	-53.43% Jul 25, 2012 - Jan 5, 2015
#3	-29.70% Jun 20, 2014 - Apr 25, 2017	-51.75% Jul 8, 2016 - Aug 14, 2019
#4	-28.60% Dec 31, 2021 - Dec 19, 2023	-48.63% Apr 20, 2009 - Aug 18, 2011
#5	-19.38% Oct 10, 2007 - May 30, 2008	-42.46% Jan 30, 2015 - Jun 27, 2016
#6	-19.19% Dec 3, 2024 - Aug 12, 2025	-31.24% Oct 3, 2011 - May 30, 2012
#7	-18.31% May 9, 2006 - Jan 31, 2007	-24.72% Aug 28, 2019 - Feb 24, 2020
#8	-17.89% Sep 20, 2018 - Feb 13, 2019	-14.23% Sep 22, 2011 - Oct 3, 2011
#9	-13.79% Oct 21, 2025 - May 19, 2026	-12.90% Aug 19, 2011 - Sep 2, 2011
#10	-10.10% Jul 19, 2007 - Sep 19, 2007	-12.78% Jun 1, 2012 - Jul 23, 2012
#11	-9.51% Jan 26, 2018 - Aug 6, 2018	-7.46% Aug 15, 2019 - Aug 27, 2019
#12	-8.59% May 21, 2013 - Jul 15, 2013	-6.18% Sep 12, 2011 - Sep 19, 2011
#13	-8.20% Sep 2, 2021 - Nov 12, 2021	-5.52% Sep 6, 2011 - Sep 9, 2011
#14	-7.90% Feb 23, 2007 - Apr 20, 2007	-4.72% Jan 15, 2015 - Jan 28, 2015
#15	-7.80% Mar 20, 2013 - May 17, 2013	-4.47% Apr 16, 2009 - Apr 20, 2009

Correlation

Correlation between PHO and TMF is -0.30 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.30

-101

Dividend Comparison (2005 - 2026)

PHO vs TMF dividend yield comparison.

Year	PHO	TMF
2026	0.32%	1.83%
2025	0.54%	4.06%
2024	0.45%	4.29%
2023	0.59%	0.98%
2022	0.49%	0.16%
2021	0.20%	0.01%
2020	0.39%	0.22%
2019	0.43%	0.09%
2018	0.46%	0.15%
2017	0.34%	0.04%
2016	0.47%	0.00%
2015	0.75%	0.00%
2014	0.59%	0.00%
2013	0.49%	0.23%
2012	0.87%	0.07%
2011	0.64%	0.28%
2010	0.54%	2.05%
2009	0.69%	6.23%
2008	0.55%	0.00%
2007	0.40%	0.00%
2006	0.82%	0.00%
2005	0.22%	0.00%

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PHO vs TMF

PHO vs TMF - Performance Comparison

Key Characteristics

PHO vs TMF - Holdings Comparison

PHO vs TMF - Historical Returns

PHO vs TMF - Annual Returns (2005 - 2026)

PHO vs TMF Drawdown Comparison

Correlation

Dividend Comparison (2005 - 2026)

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