EVX vs. PHO
Compare and contrast key facts about VanEck Vectors Environmental Services ETF (EVX) and Invesco Water Resources ETF (PHO).
EVX and PHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Environmental Services Index. It was launched on Oct 16, 2006. PHO is a passively managed fund by Invesco that tracks the performance of the NASDAQ OMX US Water Index. It was launched on Dec 6, 2005. Both EVX and PHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EVX vs. PHO - Performance Comparison
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EVX vs. PHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 2.88% | 11.72% | 12.99% | 12.97% | -10.58% | 27.47% | 13.28% | 28.41% | -3.82% | 16.05% |
PHO Invesco Water Resources ETF | -3.85% | 7.62% | 8.59% | 18.85% | -14.86% | 31.28% | 20.83% | 37.57% | -6.40% | 23.55% |
Returns By Period
In the year-to-date period, EVX achieves a 2.88% return, which is significantly higher than PHO's -3.85% return. Both investments have delivered pretty close results over the past 10 years, with EVX having a 12.31% annualized return and PHO not far ahead at 12.33%.
EVX
- 1D
- 1.58%
- 1M
- -6.51%
- YTD
- 2.88%
- 6M
- 1.94%
- 1Y
- 10.73%
- 3Y*
- 11.15%
- 5Y*
- 8.33%
- 10Y*
- 12.31%
PHO
- 1D
- 1.09%
- 1M
- -6.99%
- YTD
- -3.85%
- 6M
- -6.02%
- 1Y
- 4.93%
- 3Y*
- 8.81%
- 5Y*
- 6.80%
- 10Y*
- 12.33%
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EVX vs. PHO - Expense Ratio Comparison
EVX has a 0.55% expense ratio, which is lower than PHO's 0.60% expense ratio.
Return for Risk
EVX vs. PHO — Risk / Return Rank
EVX
PHO
EVX vs. PHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) and Invesco Water Resources ETF (PHO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EVX | PHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.27 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.00 | 0.53 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.45 | +0.53 |
Martin ratioReturn relative to average drawdown | 2.79 | 1.37 | +1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVX | PHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.27 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.37 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.64 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.35 | +0.08 |
Correlation
The correlation between EVX and PHO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EVX vs. PHO - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.18%, less than PHO's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.18% | 0.19% | 0.46% | 0.95% | 0.41% | 0.24% | 0.32% | 0.38% | 0.38% | 0.89% | 0.70% | 1.16% |
PHO Invesco Water Resources ETF | 0.57% | 0.54% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% |
Drawdowns
EVX vs. PHO - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, roughly equal to the maximum PHO drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for EVX and PHO.
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Drawdown Indicators
| EVX | PHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -55.62% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -11.98% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -28.60% | +7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -34.92% | -6.09% |
Current DrawdownCurrent decline from peak | -7.06% | -9.16% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -10.19% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.91% | +0.11% |
Volatility
EVX vs. PHO - Volatility Comparison
VanEck Vectors Environmental Services ETF (EVX) and Invesco Water Resources ETF (PHO) have volatilities of 5.33% and 5.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVX | PHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.37% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 10.91% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 18.58% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 18.35% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 19.43% | +0.81% |