PHO vs. MOO
Compare and contrast key facts about Invesco Water Resources ETF (PHO) and VanEck Vectors Agribusiness ETF (MOO).
PHO and MOO 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. MOO is a passively managed fund by VanEck that tracks the performance of the DAXglobal Agribusiness Index. It was launched on Aug 31, 2007. Both PHO and MOO 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 MOO.
Key characteristics
| PHO | MOO | |
|---|---|---|
| YTD Return | 8.80% | -4.56% |
| 1Y Return | 25.63% | -9.80% |
| 3Y Return (Ann) | 8.44% | -5.61% |
| 5Y Return (Ann) | 14.19% | 4.17% |
| 10Y Return (Ann) | 10.47% | 5.06% |
| Sharpe Ratio | 1.75 | -0.73 |
| Daily Std Dev | 14.58% | 15.28% |
| Max Drawdown | -55.62% | -69.53% |
| Current Drawdown | -0.63% | -29.36% |
Correlation
The correlation between PHO and MOO is 0.74, 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. MOO - Performance Comparison
In the year-to-date period, PHO achieves a 8.80% return, which is significantly higher than MOO's -4.56% return. Over the past 10 years, PHO has outperformed MOO with an annualized return of 10.47%, while MOO has yielded a comparatively lower 5.06% 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. MOO - Expense Ratio Comparison
PHO has a 0.60% expense ratio, which is higher than MOO's 0.54% expense ratio.
Risk-Adjusted Performance
PHO vs. MOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and VanEck Vectors Agribusiness ETF (MOO). 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. MOO - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.52%, less than MOO's 3.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | 0.52% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% | 0.49% |
MOO VanEck Vectors Agribusiness ETF | 3.07% | 2.93% | 2.15% | 1.17% | 1.10% | 1.32% | 1.69% | 1.44% | 2.14% | 2.89% | 3.21% | 1.91% |
Drawdowns
PHO vs. MOO - Drawdown Comparison
The maximum PHO drawdown since its inception was -55.62%, smaller than the maximum MOO drawdown of -69.53%. Use the drawdown chart below to compare losses from any high point for PHO and MOO. For additional features, visit the drawdowns tool.
Volatility
PHO vs. MOO - Volatility Comparison
The current volatility for Invesco Water Resources ETF (PHO) is 3.91%, while VanEck Vectors Agribusiness ETF (MOO) has a volatility of 4.87%. This indicates that PHO experiences smaller price fluctuations and is considered to be less risky than MOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.