FAN vs. PHO
Compare and contrast key facts about First Trust Global Wind Energy ETF (FAN) and Invesco Water Resources ETF (PHO).
FAN and PHO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. 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 FAN 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
FAN vs. PHO - Performance Comparison
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FAN vs. PHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 20.96% | 40.38% | -8.96% | -3.20% | -13.12% | -11.63% | 61.16% | 31.22% | -11.40% | 16.30% |
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, FAN achieves a 20.96% return, which is significantly higher than PHO's -3.85% return. Over the past 10 years, FAN has underperformed PHO with an annualized return of 10.22%, while PHO has yielded a comparatively higher 12.33% annualized return.
FAN
- 1D
- 0.08%
- 1M
- 0.94%
- YTD
- 20.96%
- 6M
- 26.67%
- 1Y
- 66.81%
- 3Y*
- 13.13%
- 5Y*
- 3.30%
- 10Y*
- 10.22%
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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FAN vs. PHO - Expense Ratio Comparison
FAN has a 0.62% expense ratio, which is higher than PHO's 0.60% expense ratio.
Return for Risk
FAN vs. PHO — Risk / Return Rank
FAN
PHO
FAN vs. PHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) 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.
| FAN | PHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.13 | 0.27 | +2.87 |
Sortino ratioReturn per unit of downside risk | 3.77 | 0.53 | +3.24 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.06 | +0.48 |
Calmar ratioReturn relative to maximum drawdown | 6.30 | 0.45 | +5.86 |
Martin ratioReturn relative to average drawdown | 24.07 | 1.37 | +22.70 |
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
| FAN | PHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 0.27 | +2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.37 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.64 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.35 | -0.31 |
Correlation
The correlation between FAN and PHO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FAN vs. PHO - Dividend Comparison
FAN's dividend yield for the trailing twelve months is around 1.03%, more than PHO's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 1.03% | 1.35% | 1.52% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% |
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
FAN vs. PHO - Drawdown Comparison
The maximum FAN drawdown since its inception was -79.84%, which is greater than PHO's maximum drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for FAN and PHO.
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Drawdown Indicators
| FAN | PHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.84% | -55.62% | -24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -11.98% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -39.47% | -28.60% | -10.87% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -34.92% | -11.37% |
Current DrawdownCurrent decline from peak | 0.00% | -9.16% | +9.16% |
Average DrawdownAverage peak-to-trough decline | -45.44% | -10.19% | -35.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.91% | -1.12% |
Volatility
FAN vs. PHO - Volatility Comparison
First Trust Global Wind Energy ETF (FAN) has a higher volatility of 7.32% compared to Invesco Water Resources ETF (PHO) at 5.37%. This indicates that FAN's price experiences larger fluctuations and is considered to be riskier than PHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAN | PHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 5.37% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 10.91% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 18.58% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.26% | 18.35% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 19.43% | +1.55% |