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 +5.2% compared to +3.0%
PIO vs PHO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PIO
$281M
Winner
PHO
$2.10B
Expense Ratio
PIO
0.75%
Winner
PHO
0.59%
Max Drawdown
PIO
65.37%
Winner
PHO
55.80%
Sharpe Ratio
Winner
PIO
-0.06
PHO
-0.43
5Y Beta
PIO
0.75
Winner
PHO
0.73
P/E Ratio
PIO
N/A
PHO
23.84
Forward P/E
PIO
N/A
PHO
19.04
PEG Ratio
PIO
N/A
PHO
0.95
5Y Dividends CAGR
PIO
10.03%
Winner
PHO
18.44%
5Y EPS CAGR
PIO
N/A
PHO
15.26%
Debt to Equity
PIO
N/A
PHO
46.21%
P/S Ratio
PIO
N/A
PHO
2.40
P/B Ratio
PIO
N/A
PHO
3.12
PIO vs PHO - Holdings Comparison
PIO and PHO have 13 common holdings. Overlap is 42.28%
PIO's top 25 holdings weight is 94.19%. PHO's top 25 holdings weight is 95.09%.
| Rank | PIO | PHO |
|---|---|---|
| #1 | EBARA CORP (n/a) - 8.83% | WATERS CORP (WAT) - 9.36% |
| #2 | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 8.24% | ROPER TECHNOLOGIES INC (ROP) - 8.08% |
| #3 | ROPER TECHNOLOGIES INC (ROP) - 7.99% | FERGUSON ENTERPRISES INC (FERG) - 7.69% |
| #4 | ECOLAB INC (ECL) - 7.20% | ECOLAB INC (ECL) - 7.28% |
| #5 | PENTAIR PLC (PNR) - 6.47% | AMERICAN WATER WORKS CO INC (AWK) - 7.00% |
| #6 | WATERS CORP (WAT) - 4.63% | MUELLER INDUSTRIES INC (MLI) - 4.67% |
| #7 | VEOLIA ENVIRONNEMENT SA (n/a) - 4.22% | IDEX CORP (IEX) - 4.45% |
| #8 | FERGUSON ENTERPRISES INC (FERG) - 3.80% | CORE & MAIN INC CLASS A (CNM) - 3.97% |
| #9 | HALMA PLC (n/a) - 3.68% | VERALTO CORP (VLTO) - 3.90% |
| #10 | AMERICAN WATER WORKS CO INC (AWK) - 3.47% | XYLEM INC (XYL) - 3.79% |
| #11 | STANTEC INC (n/a) - 3.42% | ESSENTIAL UTILITIES INC (WTRG) - 3.40% |
| #12 | GEBERIT AG (n/a) - 3.34% | PENTAIR PLC (PNR) - 3.27% |
| #13 | XYLEM INC (XYL) - 3.05% | AECOM (ACM) - 3.26% |
| #14 | COWAY (n/a) - 3.02% | ADVANCED DRAINAGE SYSTEMS INC (WMS) - 3.14% |
| #15 | VERALTO CORP (VLTO) - 2.72% | TETRA TECH INC (TTEK) - 2.88% |
| #16 | ORGANO CORP (n/a) - 2.62% | ITRON INC (ITRI) - 2.84% |
| #17 | IDEX CORP (IEX) - 2.37% | VALMONT INDUSTRIES INC (VMI) - 2.81% |
| #18 | BELIMO HOLDING AG (n/a) - 2.37% | A.O. SMITH CORP (AOS) - 2.80% |
| #19 | KURITA WATER INDUSTRIES LTD (n/a) - 2.25% | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 2.08% |
| #20 | AECOM (ACM) - 1.93% | BADGER METER INC (BMI) - 1.95% |
| #21 | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 1.91% | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 1.74% |
| #22 | SEVERN TRENT PLC (n/a) - 1.88% | FRANKLIN ELECTRIC CO INC (FELE) - 1.40% |
| #23 | CORE & MAIN INC CLASS A (CNM) - 1.84% | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO ADR (SBS) - 1.18% |
| #24 | GEORG FISCHER AG (n/a) - 1.52% | MUELLER WATER PRODUCTS INC CLASS A SHARES (MWA) - 1.13% |
| #25 | ARCADIS NV (n/a) - 1.42% | STANTEC INC (STN) - 1.02% |
| Total Holdings | 46 | 38 |
PIO vs PHO - Historical Returns
Returns include dividend reinvestment.
1M
PIO
-4.86%
Winner
PHO
-2.97%
3M
Winner
PIO
-4.47%
PHO
-5.74%
6M
Winner
PIO
-1.88%
PHO
-7.46%
1Y
Winner
PIO
+1.70%
PHO
-3.67%
5Y(CAGR)
PIO
+3.00%
Winner
PHO
+5.18%
10Y(CAGR)
PIO
+8.32%
Winner
PHO
+11.44%
Max(CAGR)
PIO
+4.33%
Winner
PHO
+7.96%
PIO vs PHO - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PIO | PHO |
|---|---|---|
| 2026 | -1.71% | -6.17% |
| 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 -10.08%. The current PHO drawdown is -10.77%.
| 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 | 0.10% | 0.16% |
| 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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