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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVX or PHO.
Key characteristics
| EVX | PHO | |
|---|---|---|
| YTD Return | 6.80% | 8.80% |
| 1Y Return | 14.90% | 25.63% |
| 3Y Return (Ann) | 5.26% | 8.44% |
| 5Y Return (Ann) | 10.80% | 14.19% |
| 10Y Return (Ann) | 12.33% | 10.47% |
| Sharpe Ratio | 1.03 | 1.75 |
| Daily Std Dev | 14.58% | 14.58% |
| Max Drawdown | -55.91% | -55.62% |
| Current Drawdown | -2.85% | -0.63% |
Correlation
The correlation between EVX and PHO is 0.70, 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.
Performance
EVX vs. PHO - Performance Comparison
In the year-to-date period, EVX achieves a 6.80% return, which is significantly lower than PHO's 8.80% return. Over the past 10 years, EVX has outperformed PHO with an annualized return of 12.33%, while PHO has yielded a comparatively lower 10.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
EVX vs. PHO - Risk-Adjusted Performance 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.
Dividends
EVX vs. PHO - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.89%, more than PHO's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.89% | 0.95% | 0.41% | 0.24% | 0.32% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% | 1.15% |
PHO Invesco Water Resources ETF | 0.52% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% | 0.49% |
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. For additional features, visit the drawdowns tool.
Volatility
EVX vs. PHO - Volatility Comparison
The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 2.93%, while Invesco Water Resources ETF (PHO) has a volatility of 3.91%. This indicates that EVX experiences smaller price fluctuations and is considered to be less risky than PHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.