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

Key characteristics


PHOVOO
YTD Return4.41%6.29%
1Y Return21.20%23.54%
3Y Return (Ann)7.54%8.12%
5Y Return (Ann)13.69%13.59%
10Y Return (Ann)9.73%12.55%
Sharpe Ratio1.482.05
Daily Std Dev14.70%11.71%
Max Drawdown-55.62%-33.99%
Current Drawdown-4.64%-3.86%

Correlation

-0.50.00.51.00.8

The correlation between PHO and VOO is 0.84, 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. VOO - Performance Comparison

In the year-to-date period, PHO achieves a 4.41% return, which is significantly lower than VOO's 6.29% return. Over the past 10 years, PHO has underperformed VOO with an annualized return of 9.73%, while VOO has yielded a comparatively higher 12.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%NovemberDecember2024FebruaryMarchApril
18.82%
16.38%
PHO
VOO

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Invesco Water Resources ETF

Vanguard S&P 500 ETF

PHO vs. VOO - Expense Ratio Comparison

PHO has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.

PHO
Invesco Water Resources ETF
0.50%1.00%1.50%2.00%0.60%
0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

PHO vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and Vanguard S&P 500 ETF (VOO). 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
Sharpe ratio
The chart of Sharpe ratio for PHO, currently valued at 1.48, compared to the broader market0.002.004.001.48
Sortino ratio
The chart of Sortino ratio for PHO, currently valued at 2.12, compared to the broader market-2.000.002.004.006.008.0010.002.12
Omega ratio
The chart of Omega ratio for PHO, currently valued at 1.26, compared to the broader market1.001.502.002.501.26
Calmar ratio
The chart of Calmar ratio for PHO, currently valued at 1.25, compared to the broader market0.002.004.006.008.0010.0012.001.25
Martin ratio
The chart of Martin ratio for PHO, currently valued at 4.69, compared to the broader market0.0020.0040.0060.0080.004.69
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 2.05, compared to the broader market0.002.004.002.05
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 2.95, compared to the broader market-2.000.002.004.006.008.0010.002.95
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.36, compared to the broader market1.001.502.002.501.36
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 1.75, compared to the broader market0.002.004.006.008.0010.0012.001.75
Martin ratio
The chart of Martin ratio for VOO, currently valued at 8.62, compared to the broader market0.0020.0040.0060.0080.008.62

PHO vs. VOO - Sharpe Ratio Comparison

The current PHO Sharpe Ratio is 1.48, which roughly equals the VOO Sharpe Ratio of 2.05. The chart below compares the 12-month rolling Sharpe Ratio of PHO and VOO.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50NovemberDecember2024FebruaryMarchApril
1.48
2.05
PHO
VOO

Dividends

PHO vs. VOO - Dividend Comparison

PHO's dividend yield for the trailing twelve months is around 0.54%, less than VOO's 1.39% yield.


TTM20232022202120202019201820172016201520142013
PHO
Invesco Water Resources ETF
0.54%0.59%0.49%0.20%0.39%0.43%0.46%0.34%0.47%0.75%0.59%0.49%
VOO
Vanguard S&P 500 ETF
1.39%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

PHO vs. VOO - Drawdown Comparison

The maximum PHO drawdown since its inception was -55.62%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PHO and VOO. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-4.64%
-3.86%
PHO
VOO

Volatility

PHO vs. VOO - Volatility Comparison

Invesco Water Resources ETF (PHO) has a higher volatility of 3.98% compared to Vanguard S&P 500 ETF (VOO) at 3.44%. This indicates that PHO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%NovemberDecember2024FebruaryMarchApril
3.98%
3.44%
PHO
VOO