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.
Performance
PHO vs. FIW - Performance Comparison
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PHO vs. FIW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | -4.89% | 7.62% | 8.59% | 18.85% | -14.86% | 31.28% | 20.83% | 37.57% | -6.40% | 23.55% |
FIW First Trust Water ETF | -4.90% | 7.20% | 8.38% | 20.35% | -15.70% | 32.00% | 21.15% | 37.37% | -9.23% | 24.69% |
Returns By Period
The year-to-date returns for both stocks are quite close, with PHO having a -4.89% return and FIW slightly lower at -4.90%. Both investments have delivered pretty close results over the past 10 years, with PHO having a 12.21% annualized return and FIW not far ahead at 12.78%.
PHO
- 1D
- 2.01%
- 1M
- -8.31%
- YTD
- -4.89%
- 6M
- -7.02%
- 1Y
- 4.21%
- 3Y*
- 8.41%
- 5Y*
- 6.56%
- 10Y*
- 12.21%
FIW
- 1D
- 2.21%
- 1M
- -9.31%
- YTD
- -4.90%
- 6M
- -7.85%
- 1Y
- 3.18%
- 3Y*
- 8.02%
- 5Y*
- 6.20%
- 10Y*
- 12.78%
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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.
Return for Risk
PHO vs. FIW — Risk / Return Rank
PHO
FIW
PHO vs. FIW - Risk-Adjusted Trends 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 | FIW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.17 | +0.06 |
Sortino ratioReturn per unit of downside risk | 0.47 | 0.39 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.29 | +0.09 |
Martin ratioReturn relative to average drawdown | 1.19 | 0.94 | +0.25 |
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
| PHO | FIW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.17 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.34 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.65 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.43 | -0.09 |
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.
Dividends
PHO vs. FIW - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.58%, less than FIW's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | 0.58% | 0.54% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% |
FIW First Trust Water ETF | 0.80% | 0.69% | 0.69% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% |
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.
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Drawdown Indicators
| PHO | FIW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.62% | -52.75% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -12.74% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | -28.53% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -34.92% | -36.60% | +1.68% |
Current DrawdownCurrent decline from peak | -10.14% | -10.81% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -8.29% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.97% | -0.11% |
Volatility
PHO vs. FIW - Volatility Comparison
The current volatility for Invesco Water Resources ETF (PHO) is 5.21%, while First Trust Water ETF (FIW) has a volatility of 5.68%. This indicates that PHO experiences smaller price fluctuations and is considered to be less risky than FIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHO | FIW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.68% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 11.04% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.55% | 18.63% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 18.30% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 19.88% | -0.45% |