PHO vs. FIW
Compare and contrast key facts about Invesco Water Resources ETF (PHO) and First Trust Water ETF (FIW).
PHO and FIW 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. FIW is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Water Index. It was launched on May 8, 2007. Both PHO and FIW 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 FIW.
Key characteristics
| PHO | FIW | |
|---|---|---|
| YTD Return | 16.83% | 15.71% |
| 1Y Return | 34.06% | 33.37% |
| 3Y Return (Ann) | 6.51% | 5.90% |
| 5Y Return (Ann) | 14.65% | 14.70% |
| 10Y Return (Ann) | 11.12% | 13.31% |
| Sharpe Ratio | 2.24 | 2.14 |
| Sortino Ratio | 3.17 | 3.04 |
| Omega Ratio | 1.38 | 1.37 |
| Calmar Ratio | 2.88 | 2.78 |
| Martin Ratio | 12.50 | 11.50 |
| Ulcer Index | 2.73% | 2.90% |
| Daily Std Dev | 15.20% | 15.61% |
| Max Drawdown | -55.62% | -52.75% |
| Current Drawdown | -1.69% | -1.52% |
Correlation
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 16.83% return, which is significantly higher than FIW's 15.71% return. Over the past 10 years, PHO has underperformed FIW with an annualized return of 11.12%, while FIW has yielded a comparatively higher 13.31% 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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PHO vs. FIW - Expense Ratio Comparison
PHO has a 0.60% expense ratio, which is higher than FIW's 0.54% expense ratio.
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.
Dividends
PHO vs. FIW - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.45%, less than FIW's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | 0.45% | 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 | 0.59% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% | 0.75% | 0.63% |
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%. Use the drawdown chart below to compare losses from any high point for PHO and FIW. For additional features, visit the drawdowns tool.
Volatility
PHO vs. FIW - Volatility Comparison
Invesco Water Resources ETF (PHO) and First Trust Water ETF (FIW) have volatilities of 4.19% and 4.25%, 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.