Correlation
The correlation between PHO and WMS is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PHO vs. WMS
Compare and contrast key facts about Invesco Water Resources ETF (PHO) and Advanced Drainage Systems, Inc. (WMS).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHO or WMS.
Performance
PHO vs. WMS - Performance Comparison
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Key characteristics
PHO:
0.25
WMS:
-0.91
PHO:
0.42
WMS:
-1.25
PHO:
1.05
WMS:
0.85
PHO:
0.19
WMS:
-0.78
PHO:
0.58
WMS:
-1.34
PHO:
6.15%
WMS:
26.80%
PHO:
18.92%
WMS:
39.63%
PHO:
-55.63%
WMS:
-53.58%
PHO:
-5.39%
WMS:
-38.27%
Returns By Period
In the year-to-date period, PHO achieves a 3.59% return, which is significantly higher than WMS's -4.59% return. Over the past 10 years, PHO has underperformed WMS with an annualized return of 10.70%, while WMS has yielded a comparatively higher 15.18% annualized return.
PHO
3.59%
4.13%
-4.89%
3.30%
12.17%
13.65%
10.70%
WMS
-4.59%
-3.06%
-18.38%
-36.28%
0.61%
20.47%
15.18%
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Risk-Adjusted Performance
PHO vs. WMS — Risk-Adjusted Performance Rank
PHO
WMS
PHO vs. WMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and Advanced Drainage Systems, Inc. (WMS). 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. WMS - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.49%, less than WMS's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | 0.49% | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% |
WMS Advanced Drainage Systems, Inc. | 0.60% | 0.54% | 0.38% | 0.57% | 0.31% | 0.43% | 3.48% | 1.28% | 1.13% | 1.12% | 0.79% | 0.17% |
Drawdowns
PHO vs. WMS - Drawdown Comparison
The maximum PHO drawdown since its inception was -55.63%, roughly equal to the maximum WMS drawdown of -53.58%. Use the drawdown chart below to compare losses from any high point for PHO and WMS.
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Volatility
PHO vs. WMS - Volatility Comparison
The current volatility for Invesco Water Resources ETF (PHO) is 5.50%, while Advanced Drainage Systems, Inc. (WMS) has a volatility of 13.13%. This indicates that PHO experiences smaller price fluctuations and is considered to be less risky than WMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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