- ISIN
- US73935X5757
- CUSIP
- 73935X575
- Issuer
- Invesco
- Inception Date
- Dec 6, 2005
- Region
- North America (U.S.)
- Category
- Water Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ OMX US Water Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
PHO Performance Chart
Invesco Water Resources ETF (PHO) is down 4.8% since the beginning of the year. PHO is currently trading at $67 per share. Investors who bought $1,000 worth of PHO shares 5 years ago would now be looking at an investment worth $1,301.
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Returns By Period
Invesco Water Resources ETF (PHO) has returned -4.80% so far this year and -1.51% over the past 12 months. Over the last ten years, PHO has returned 11.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Water Resources ETF
- 1D
- -0.65%
- 1M
- 2.31%
- YTD
- -4.80%
- 6M
- -6.74%
- 1Y
- -1.51%
- 3Y*
- 7.41%
- 5Y*
- 5.40%
- 10Y*
- 11.81%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PHO Monthly Returns History
Based on dividend-adjusted daily data since Dec 6, 2005, PHO's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2009 with a return of +17.5%, while the worst month was Oct 2008 at -24.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PHO closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +12.8%, while the worst single day was Dec 1, 2008 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.91% | 0.79% | -8.31% | 2.77% | -4.09% | 1.55% | -4.80% | ||||||
| 2025 | 4.00% | -1.74% | -3.88% | 1.26% | 4.16% | 2.89% | 0.79% | 3.42% | -0.91% | -0.93% | 1.33% | -2.62% | 7.62% |
| 2024 | -2.63% | 7.85% | 4.26% | -3.55% | 3.11% | -1.83% | 7.30% | 0.27% | 1.08% | -3.25% | 5.14% | -8.19% | 8.59% |
| 2023 | 5.49% | -2.52% | 0.82% | -1.44% | -1.01% | 8.56% | 2.62% | -1.26% | -6.84% | -4.44% | 11.35% | 7.75% | 18.85% |
| 2022 | -12.94% | -3.04% | 3.31% | -8.05% | 0.59% | -5.67% | 12.87% | -4.77% | -7.84% | 10.19% | 5.85% | -3.16% | -14.86% |
| 2021 | -0.65% | 4.38% | 2.61% | 5.63% | 1.72% | 0.91% | 6.05% | 3.70% | -7.00% | 5.90% | -1.05% | 6.16% | 31.28% |
Benchmark Metrics
Invesco Water Resources ETF has an annualized alpha of -0.67%, beta of 1.06, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since December 06, 2005.
- This ETF participated in 108.03% of S&P 500 Index downside but only 103.94% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.06 and R2 of 0.77, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.67%
- Beta
- 1.06
- R²
- 0.77
- Upside Capture
- 103.94%
- Downside Capture
- 108.03%
Expense Ratio
PHO has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PHO ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PHO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.78 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.26 | 12.44 | -12.70 |
Dividends
Dividend History
Invesco Water Resources ETF provided a 0.76% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.38 | $0.30 | $0.36 | $0.25 | $0.12 | $0.18 | $0.17 | $0.13 | $0.10 | $0.12 | $0.16 |
Dividend yield | 0.76% | 0.54% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Water Resources ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.23 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Water Resources ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Water Resources ETF was 55.62%, occurring on Mar 9, 2009. Recovery took 980 trading sessions.
The current Invesco Water Resources ETF drawdown is 10.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.62%Mar 2009 | 9mo 6d | 3y 10mo | 4y 7moJun 2008 - Jan 2013 |
COVID crash2020 | -34.92%Mar 2020 | 1mo 4d | 6mo 18d | 7mo 22dFeb 2020 - Oct 2020 |
2016 bear market2016 | -29.71%Jan 2016 | 1y 7mo | 1y 3mo | 2y 10moJun 2014 - Apr 2017 |
Bear market2022 | -28.60%Jun 2022 | 5mo 14d | 1y 6mo | 1y 11moJan 2022 - Dec 2023 |
Financial crisis2007–2009 | -19.37%Jan 2008 | 3mo 13d | 4mo 9d | 7mo 22dOct 2007 - May 2008 |
Drawdown Indicators
| PHO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.62% | -56.78% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -9.10% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -18.90% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | -25.43% | -3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.92% | -33.92% | -1.00% |
Current DrawdownCurrent decline from peak | -10.06% | -1.80% | -8.26% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -10.71% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 2.03% | +3.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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