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

Correlation

The correlation between PHO and PIO is 0.79, 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. PIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Water Resources ETF (PHO) and Invesco Global Water ETF (PIO). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PHO:

0.08

PIO:

0.09

Sortino Ratio

PHO:

0.20

PIO:

0.19

Omega Ratio

PHO:

1.02

PIO:

1.02

Calmar Ratio

PHO:

0.04

PIO:

0.04

Martin Ratio

PHO:

0.12

PIO:

0.13

Ulcer Index

PHO:

6.28%

PIO:

5.49%

Daily Std Dev

PHO:

18.95%

PIO:

18.17%

Max Drawdown

PHO:

-55.63%

PIO:

-64.91%

Current Drawdown

PHO:

-3.92%

PIO:

0.00%

Returns By Period

In the year-to-date period, PHO achieves a 5.21% return, which is significantly lower than PIO's 11.44% return. Over the past 10 years, PHO has outperformed PIO with an annualized return of 10.78%, while PIO has yielded a comparatively lower 6.97% annualized return.


PHO

YTD

5.21%

1M

11.04%

6M

-0.27%

1Y

1.53%

3Y*

14.10%

5Y*

15.49%

10Y*

10.78%

PIO

YTD

11.44%

1M

10.72%

6M

7.14%

1Y

1.62%

3Y*

10.60%

5Y*

11.15%

10Y*

6.97%

*Annualized

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Invesco Water Resources ETF

Invesco Global Water ETF

PHO vs. PIO - Expense Ratio Comparison

PHO has a 0.60% expense ratio, which is lower than PIO's 0.75% expense ratio.


Risk-Adjusted Performance

PHO vs. PIO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHO
The Risk-Adjusted Performance Rank of PHO is 1717
Overall Rank
The Sharpe Ratio Rank of PHO is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of PHO is 1717
Sortino Ratio Rank
The Omega Ratio Rank of PHO is 1616
Omega Ratio Rank
The Calmar Ratio Rank of PHO is 1717
Calmar Ratio Rank
The Martin Ratio Rank of PHO is 1717
Martin Ratio Rank

PIO
The Risk-Adjusted Performance Rank of PIO is 1717
Overall Rank
The Sharpe Ratio Rank of PIO is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of PIO is 1616
Sortino Ratio Rank
The Omega Ratio Rank of PIO is 1616
Omega Ratio Rank
The Calmar Ratio Rank of PIO is 1818
Calmar Ratio Rank
The Martin Ratio Rank of PIO is 1717
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PHO vs. PIO - Risk-Adjusted Performance Comparison

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


The current PHO Sharpe Ratio is 0.08, which is comparable to the PIO Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of PHO and PIO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

PHO vs. PIO - Dividend Comparison

PHO's dividend yield for the trailing twelve months is around 0.48%, less than PIO's 0.81% yield.


TTM20242023202220212020201920182017201620152014
PHO
Invesco Water Resources ETF
0.48%0.45%0.59%0.49%0.20%0.39%0.43%0.46%0.34%0.47%0.75%0.59%
PIO
Invesco Global Water ETF
0.81%0.78%0.84%1.02%1.19%0.88%1.19%2.00%1.00%1.45%1.62%1.42%

Drawdowns

PHO vs. PIO - Drawdown Comparison

The maximum PHO drawdown since its inception was -55.63%, smaller than the maximum PIO drawdown of -64.91%. Use the drawdown chart below to compare losses from any high point for PHO and PIO. For additional features, visit the drawdowns tool.


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Volatility

PHO vs. PIO - Volatility Comparison

Invesco Water Resources ETF (PHO) has a higher volatility of 6.00% compared to Invesco Global Water ETF (PIO) at 4.79%. This indicates that PHO's price experiences larger fluctuations and is considered to be riskier than PIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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