PIO vs PHO
Comparison between INVESCO GLOBAL WATER ETF (PIO, ETF) and INVESCO WATER RESOURCES ETF (PHO, ETF).
5-Year PerformancePHO has outperformed PIO, delivering a return of +4.4% compared to +2.3%
PIO vs PHO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PIO
$275M
Winner
PHO
$2B
Expense Ratio
PIO
0.75%
Winner
PHO
0.59%
Max Drawdown
PIO
65.37%
Winner
PHO
55.80%
Sharpe Ratio
Winner
PIO
-0.28
PHO
-0.43
5Y Beta
PIO
0.75
Winner
PHO
0.72
P/E Ratio
Winner
PIO
25.74
PHO
25.96
Forward P/E
Winner
PIO
19.75
PHO
20.03
PEG Ratio
PIO
1.59
Winner
PHO
1.13
5Y Dividends CAGR
PIO
10.89%
Winner
PHO
18.97%
5Y EPS CAGR
PIO
N/A
PHO
11.88%
Debt to Equity
Winner
PIO
42.47%
PHO
46.49%
P/S Ratio
PIO
3.28
Winner
PHO
2.57
P/B Ratio
Winner
PIO
3.32
PHO
3.66
PIO vs PHO - Holdings Comparison
PIO and PHO have 14 common holdings. Overlap is 45.33%
PIO's top 25 holdings weight is 92.62%. PHO's top 25 holdings weight is 92.74%.
| Rank | PIO | PHO |
|---|---|---|
| #1 | ROPER TECHNOLOGIES INC (ROP) - 8.56% | ROPER TECHNOLOGIES INC (ROP) - 8.54% |
| #2 | ECOLAB INC (ECL) - 8.35% | ECOLAB INC (ECL) - 8.45% |
| #3 | PENTAIR PLC (PNR) - 8.24% | FERGUSON ENTERPRISES INC (FERG) - 6.82% |
| #4 | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 7.04% | WATERS CORP (WAT) - 6.82% |
| #5 | EBARA CORP (n/a) - 7.03% | IDEXX LABORATORIES INC (IDXX) - 6.50% |
| #6 | VEOLIA ENVIRONNEMENT SA (n/a) - 4.03% | VERALTO CORP (VLTO) - 4.29% |
| #7 | FERGUSON ENTERPRISES INC (FERG) - 3.89% | AMERICAN WATER WORKS CO INC (AWK) - 4.24% |
| #8 | IDEXX LABORATORIES INC (IDXX) - 3.88% | XYLEM INC (XYL) - 4.11% |
| #9 | WATERS CORP (WAT) - 3.85% | PENTAIR PLC (PNR) - 3.73% |
| #10 | GEBERIT AG (n/a) - 3.82% | AGILENT TECHNOLOGIES INC (A) - 3.68% |
| #11 | COMPANIA DE SANEAMENTO DE MINAS GERAIS COPASA MG (n/a) - 3.71% | IDEX CORP (IEX) - 3.59% |
| #12 | XYLEM INC (XYL) - 2.97% | JACOBS SOLUTIONS INC (J) - 3.20% |
| #13 | AMERICAN WATER WORKS CO INC (AWK) - 2.80% | ADVANCED DRAINAGE SYSTEMS INC (WMS) - 3.15% |
| #14 | AGILENT TECHNOLOGIES INC (A) - 2.75% | AECOM (ACM) - 2.82% |
| #15 | HALMA PLC (n/a) - 2.35% | TRIMBLE INC (TRMB) - 2.73% |
| #16 | STANTEC INC (STN) - 2.31% | CORE & MAIN INC CLASS A (CNM) - 2.48% |
| #17 | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 2.19% | A.O. SMITH CORP (AOS) - 2.46% |
| #18 | VERALTO CORP (VLTO) - 2.17% | TETRA TECH INC (TTEK) - 2.24% |
| #19 | GEA GROUP AG (n/a) - 1.96% | VALMONT INDUSTRIES INC (VMI) - 2.19% |
| #20 | KURITA WATER INDUSTRIES LTD (n/a) - 1.93% | BENTLEY SYSTEMS INC ORDINARY SHARES CLASS B (BSY) - 2.09% |
| #21 | BELIMO HOLDING AG (n/a) - 1.92% | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 2.01% |
| #22 | SEVERN TRENT PLC (n/a) - 1.85% | BADGER METER INC (BMI) - 1.99% |
| #23 | ORGANO CORP (n/a) - 1.75% | ITRON INC (ITRI) - 1.78% |
| #24 | IDEX CORP (IEX) - 1.70% | MUELLER INDUSTRIES INC (MLI) - 1.67% |
| #25 | COWAY (n/a) - 1.57% | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 1.16% |
| Total Holdings | 51 | 42 |
PIO vs PHO - Historical Returns
Returns include dividend reinvestment.
1M
PIO
-0.24%
Winner
PHO
+1.49%
3M
PIO
-4.62%
Winner
PHO
-2.99%
6M
Winner
PIO
-6.49%
PHO
-8.21%
1Y
Winner
PIO
-2.02%
PHO
-4.22%
5Y(CAGR)
PIO
+2.25%
Winner
PHO
+4.44%
10Y(CAGR)
PIO
+8.42%
Winner
PHO
+11.30%
Max(CAGR)
PIO
+4.34%
Winner
PHO
+8.01%
PIO vs PHO - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PIO | PHO |
|---|---|---|
| 2026 | -0.83% | -4.30% |
| 2025 | +14.88% | +8.35% |
| 2024 | +0.77% | +9.45% |
| 2023 | +21.34% | +18.88% |
| 2022 | -23.40% | -13.39% |
| 2021 | +26.12% | +33.29% |
| 2020 | +13.96% | +20.69% |
| 2019 | +35.07% | +38.21% |
| 2018 | -9.66% | -6.42% |
| 2017 | +26.39% | +22.55% |
| 2016 | +1.84% | +15.29% |
| 2015 | -7.16% | -15.22% |
| 2014 | +2.10% | +0.50% |
| 2013 | +28.16% | +23.97% |
| 2012 | +14.11% | +21.89% |
| 2011 | -21.57% | -11.75% |
| 2010 | +9.36% | +10.95% |
| 2009 | +36.58% | +13.91% |
| 2008 | -44.55% | -31.50% |
| 2007 | +0.08% | +17.56% |
| 2006 | N/A | +20.64% |
| 2005 | N/A | -1.72% |
PIO vs PHO Drawdown Comparison
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The maximum drawdown for PHO was -55.62%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The current PIO drawdown is -9.28%. The current PHO drawdown is -8.99%.
| Rank | PIO | PHO |
|---|---|---|
| #1 | -64.88% Oct 31, 2007 - Jun 9, 2014 | -55.62% Jun 5, 2008 - Jan 29, 2013 |
| #2 | -35.76% Feb 19, 2020 - Sep 2, 2020 | -34.92% Feb 14, 2020 - Oct 7, 2020 |
| #3 | -34.27% Dec 29, 2021 - Mar 28, 2024 | -29.70% Jun 20, 2014 - Apr 25, 2017 |
| #4 | -26.33% May 21, 2015 - Sep 8, 2017 | -28.60% Dec 31, 2021 - Dec 19, 2023 |
| #5 | -17.09% May 15, 2024 - May 15, 2025 | -19.38% Oct 10, 2007 - May 30, 2008 |
| #6 | -16.95% Jan 22, 2018 - Mar 13, 2019 | -19.19% Dec 3, 2024 - Aug 12, 2025 |
| #7 | -16.14% Jul 13, 2007 - Oct 29, 2007 | -18.31% May 9, 2006 - Jan 31, 2007 |
| #8 | -13.88% Jun 20, 2014 - May 14, 2015 | -17.89% Sep 20, 2018 - Feb 13, 2019 |
| #9 | -13.15% Feb 26, 2026 - Mar 27, 2026 | -13.79% Oct 21, 2025 - May 19, 2026 |
| #10 | -9.89% Sep 2, 2021 - Dec 29, 2021 | -10.10% Jul 19, 2007 - Sep 19, 2007 |
| #11 | -7.14% Mar 28, 2024 - May 15, 2024 | -9.51% Jan 26, 2018 - Aug 6, 2018 |
| #12 | -6.54% Jan 8, 2021 - Apr 1, 2021 | -8.59% May 21, 2013 - Jul 15, 2013 |
| #13 | -6.20% Oct 24, 2025 - Jan 15, 2026 | -8.20% Sep 2, 2021 - Nov 12, 2021 |
| #14 | -5.98% May 3, 2019 - Jun 20, 2019 | -7.90% Feb 23, 2007 - Apr 20, 2007 |
| #15 | -5.80% Oct 12, 2020 - Nov 5, 2020 | -7.80% Mar 20, 2013 - May 17, 2013 |
Correlation
Correlation between PIO and PHO is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2005 - 2026)
PIO vs PHO dividend yield comparison.
| Year | PIO | PHO |
|---|---|---|
| 2026 | 0.80% | 0.34% |
| 2025 | 1.04% | 0.54% |
| 2024 | 0.78% | 0.45% |
| 2023 | 0.84% | 0.59% |
| 2022 | 1.02% | 0.49% |
| 2021 | 1.19% | 0.20% |
| 2020 | 0.88% | 0.39% |
| 2019 | 1.20% | 0.43% |
| 2018 | 2.00% | 0.46% |
| 2017 | 1.00% | 0.34% |
| 2016 | 1.45% | 0.47% |
| 2015 | 1.63% | 0.75% |
| 2014 | 1.42% | 0.59% |
| 2013 | 1.50% | 0.49% |
| 2012 | 1.82% | 0.87% |
| 2011 | 1.63% | 0.64% |
| 2010 | 0.87% | 0.54% |
| 2009 | 1.27% | 0.69% |
| 2008 | 1.38% | 0.55% |
| 2007 | 0.00% | 0.40% |
| 2006 | 0.00% | 0.82% |
| 2005 | 0.00% | 0.22% |
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