Correlation
The correlation between PHO and SPY is 0.82, 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.
PHO vs. SPY
Compare and contrast key facts about Invesco Water Resources ETF (PHO) and SPDR S&P 500 ETF (SPY).
PHO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PHO and SPY 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 SPY.
Performance
PHO vs. SPY - Performance Comparison
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Key characteristics
PHO:
0.13
SPY:
0.64
PHO:
0.23
SPY:
1.04
PHO:
1.03
SPY:
1.15
PHO:
0.06
SPY:
0.69
PHO:
0.19
SPY:
2.64
PHO:
6.19%
SPY:
4.91%
PHO:
19.08%
SPY:
20.47%
PHO:
-55.63%
SPY:
-55.19%
PHO:
-4.44%
SPY:
-3.26%
Returns By Period
In the year-to-date period, PHO achieves a 4.64% return, which is significantly higher than SPY's 1.17% return. Over the past 10 years, PHO has underperformed SPY with an annualized return of 10.87%, while SPY has yielded a comparatively higher 12.78% annualized return.
PHO
4.64%
6.97%
-3.49%
2.50%
12.18%
14.09%
10.87%
SPY
1.17%
7.36%
-0.95%
13.08%
14.15%
15.98%
12.78%
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PHO vs. SPY - Expense Ratio Comparison
PHO has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PHO vs. SPY — Risk-Adjusted Performance Rank
PHO
SPY
PHO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
PHO vs. SPY - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.48%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PHO vs. SPY - Drawdown Comparison
The maximum PHO drawdown since its inception was -55.63%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PHO and SPY.
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Volatility
PHO vs. SPY - Volatility Comparison
Invesco Water Resources ETF (PHO) has a higher volatility of 5.31% compared to SPDR S&P 500 ETF (SPY) at 4.78%. This indicates that PHO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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