PHO vs. EVX
Compare and contrast key facts about Invesco Water Resources ETF (PHO) and VanEck Vectors Environmental Services ETF (EVX).
PHO and EVX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both PHO and EVX 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: PHO or EVX.
Correlation
The correlation between PHO and EVX is 0.66, 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.
Performance
PHO vs. EVX - Performance Comparison
Key characteristics
PHO:
-0.03
EVX:
0.55
PHO:
0.09
EVX:
0.89
PHO:
1.01
EVX:
1.12
PHO:
-0.03
EVX:
0.65
PHO:
-0.09
EVX:
2.20
PHO:
6.03%
EVX:
4.41%
PHO:
18.59%
EVX:
17.56%
PHO:
-55.63%
EVX:
-55.91%
PHO:
-10.66%
EVX:
-6.91%
Returns By Period
In the year-to-date period, PHO achieves a -2.18% return, which is significantly lower than EVX's 1.83% return. Over the past 10 years, PHO has underperformed EVX with an annualized return of 10.26%, while EVX has yielded a comparatively higher 14.29% annualized return.
PHO
-2.18%
-1.65%
-6.08%
-0.05%
14.50%
10.26%
EVX
1.83%
-1.69%
-2.34%
9.55%
18.94%
14.29%
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PHO vs. EVX - Expense Ratio Comparison
PHO has a 0.60% expense ratio, which is higher than EVX's 0.55% expense ratio.
Risk-Adjusted Performance
PHO vs. EVX — Risk-Adjusted Performance Rank
PHO
EVX
PHO vs. EVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and VanEck Vectors Environmental Services ETF (EVX). 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
PHO vs. EVX - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.52%, more than EVX's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | 0.52% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% |
EVX VanEck Vectors Environmental Services ETF | 0.46% | 0.46% | 0.95% | 0.41% | 0.24% | 0.33% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% |
Drawdowns
PHO vs. EVX - Drawdown Comparison
The maximum PHO drawdown since its inception was -55.63%, roughly equal to the maximum EVX drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for PHO and EVX. For additional features, visit the drawdowns tool.
Volatility
PHO vs. EVX - Volatility Comparison
Invesco Water Resources ETF (PHO) and VanEck Vectors Environmental Services ETF (EVX) have volatilities of 11.35% and 10.85%, 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.