Correlation
The correlation between FLOWX and PHO is 0.80, 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.
FLOWX vs. PHO
Compare and contrast key facts about Fidelity Water Sustainability Fund (FLOWX) and Invesco Water Resources ETF (PHO).
FLOWX is managed by Fidelity Investments. It was launched on Apr 21, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLOWX or PHO.
Performance
FLOWX vs. PHO - Performance Comparison
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Key characteristics
FLOWX:
0.60
PHO:
0.28
FLOWX:
0.85
PHO:
0.26
FLOWX:
1.10
PHO:
1.03
FLOWX:
0.56
PHO:
0.08
FLOWX:
1.79
PHO:
0.26
FLOWX:
5.00%
PHO:
6.14%
FLOWX:
17.71%
PHO:
18.98%
FLOWX:
-30.62%
PHO:
-55.63%
FLOWX:
-0.16%
PHO:
-5.30%
Returns By Period
In the year-to-date period, FLOWX achieves a 10.42% return, which is significantly higher than PHO's 3.70% return.
FLOWX
10.42%
5.33%
2.88%
12.19%
12.32%
13.12%
N/A
PHO
3.70%
4.91%
-4.50%
5.20%
11.84%
13.67%
10.73%
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FLOWX vs. PHO - Expense Ratio Comparison
FLOWX has a 1.00% expense ratio, which is higher than PHO's 0.60% expense ratio.
Risk-Adjusted Performance
FLOWX vs. PHO — Risk-Adjusted Performance Rank
FLOWX
PHO
FLOWX vs. PHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Water Sustainability Fund (FLOWX) 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.
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Dividends
FLOWX vs. PHO - Dividend Comparison
FLOWX's dividend yield for the trailing twelve months is around 2.28%, more than PHO's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOWX Fidelity Water Sustainability Fund | 2.28% | 2.51% | 0.42% | 0.08% | 1.40% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHO Invesco Water Resources ETF | 0.49% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% |
Drawdowns
FLOWX vs. PHO - Drawdown Comparison
The maximum FLOWX drawdown since its inception was -30.62%, smaller than the maximum PHO drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for FLOWX and PHO.
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Volatility
FLOWX vs. PHO - Volatility Comparison
The current volatility for Fidelity Water Sustainability Fund (FLOWX) is 2.92%, while Invesco Water Resources ETF (PHO) has a volatility of 5.51%. This indicates that FLOWX 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.
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