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PHO vs. FIW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PHOFIW
YTD Return5.20%3.87%
1Y Return21.58%18.94%
3Y Return (Ann)8.41%7.70%
5Y Return (Ann)13.80%14.41%
10Y Return (Ann)10.00%12.32%
Sharpe Ratio1.541.31
Daily Std Dev14.74%15.18%
Max Drawdown-55.62%-52.75%
Current Drawdown-3.92%-3.63%

Correlation

0.94
-1.001.00

The correlation between PHO and FIW is 0.94, 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

PHO vs. FIW - Performance Comparison

In the year-to-date period, PHO achieves a 5.20% return, which is significantly higher than FIW's 3.87% return. Over the past 10 years, PHO has underperformed FIW with an annualized return of 10.00%, while FIW has yielded a comparatively higher 12.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%NovemberDecember2024FebruaryMarchApril
21.97%
21.10%
PHO
FIW

Compare stocks, funds, or ETFs


Invesco Water Resources ETF

First Trust Water ETF

PHO vs. FIW - Expense Ratio Comparison

PHO has a 0.60% expense ratio, which is higher than FIW's 0.54% expense ratio.

PHO
Invesco Water Resources ETF
0.50%1.00%1.50%2.00%0.60%
0.50%1.00%1.50%2.00%0.54%

Risk-Adjusted Performance

PHO vs. FIW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and First Trust Water ETF (FIW). 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.


PHO
Sharpe ratio
The Sharpe ratio of PHO compared to the broader market0.002.004.001.54
Sortino ratio
The Sortino ratio of PHO compared to the broader market-2.000.002.004.006.008.0010.002.19
Omega ratio
The Omega ratio of PHO compared to the broader market1.001.502.002.501.27
Calmar ratio
The Calmar ratio of PHO compared to the broader market0.002.004.006.008.0010.0012.001.30
Martin ratio
The Martin ratio of PHO compared to the broader market0.0020.0040.0060.0080.004.92
FIW
Sharpe ratio
The Sharpe ratio of FIW compared to the broader market0.002.004.001.31
Sortino ratio
The Sortino ratio of FIW compared to the broader market-2.000.002.004.006.008.0010.001.91
Omega ratio
The Omega ratio of FIW compared to the broader market1.001.502.002.501.23
Calmar ratio
The Calmar ratio of FIW compared to the broader market0.002.004.006.008.0010.0012.001.13
Martin ratio
The Martin ratio of FIW compared to the broader market0.0020.0040.0060.0080.003.95

PHO vs. FIW - Sharpe Ratio Comparison

The current PHO Sharpe Ratio is 1.54, which roughly equals the FIW Sharpe Ratio of 1.31. The chart below compares the 12-month rolling Sharpe Ratio of PHO and FIW.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2024FebruaryMarchApril
1.54
1.31
PHO
FIW

Dividends

PHO vs. FIW - Dividend Comparison

PHO's dividend yield for the trailing twelve months is around 0.54%, less than FIW's 0.65% yield.


TTM20232022202120202019201820172016201520142013
PHO
Invesco Water Resources ETF
0.54%0.59%0.49%0.20%0.39%0.43%0.46%0.34%0.47%0.75%0.59%0.49%
FIW
First Trust Water ETF
0.65%0.68%0.67%0.37%0.56%0.55%0.73%1.13%0.51%0.76%0.75%0.62%

Drawdowns

PHO vs. FIW - Drawdown Comparison

The maximum PHO drawdown since its inception was -55.62%, which is greater than FIW's maximum drawdown of -52.75%. The drawdown chart below compares losses from any high point along the way for PHO and FIW


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-3.92%
-3.63%
PHO
FIW

Volatility

PHO vs. FIW - Volatility Comparison

Invesco Water Resources ETF (PHO) and First Trust Water ETF (FIW) have volatilities of 3.99% and 4.16%, 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.


3.00%4.00%5.00%6.00%7.00%NovemberDecember2024FebruaryMarchApril
3.99%
4.16%
PHO
FIW