PHO vs. XSD
Compare and contrast key facts about Invesco Water Resources ETF (PHO) and SPDR S&P Semiconductor ETF (XSD).
PHO and XSD 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. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 2006. Both PHO and XSD 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 XSD.
Key characteristics
| PHO | XSD | |
|---|---|---|
| YTD Return | 16.83% | 6.86% |
| 1Y Return | 34.06% | 30.72% |
| 3Y Return (Ann) | 6.51% | 0.22% |
| 5Y Return (Ann) | 14.65% | 19.72% |
| 10Y Return (Ann) | 11.12% | 21.51% |
| Sharpe Ratio | 2.24 | 0.87 |
| Sortino Ratio | 3.17 | 1.34 |
| Omega Ratio | 1.38 | 1.17 |
| Calmar Ratio | 2.88 | 1.13 |
| Martin Ratio | 12.50 | 3.14 |
| Ulcer Index | 2.73% | 9.51% |
| Daily Std Dev | 15.20% | 34.25% |
| Max Drawdown | -55.62% | -64.56% |
| Current Drawdown | -1.69% | -12.40% |
Correlation
The correlation between PHO and XSD is 0.66, 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.
Performance
PHO vs. XSD - Performance Comparison
In the year-to-date period, PHO achieves a 16.83% return, which is significantly higher than XSD's 6.86% return. Over the past 10 years, PHO has underperformed XSD with an annualized return of 11.12%, while XSD has yielded a comparatively higher 21.51% 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. XSD - Expense Ratio Comparison
PHO has a 0.60% expense ratio, which is higher than XSD's 0.35% expense ratio.
Risk-Adjusted Performance
PHO vs. XSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Water Resources ETF (PHO) and SPDR S&P Semiconductor ETF (XSD). 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. XSD - Dividend Comparison
PHO's dividend yield for the trailing twelve months is around 0.45%, more than XSD's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHO Invesco Water Resources ETF | 0.45% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% | 0.49% |
XSD SPDR S&P Semiconductor ETF | 0.24% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% | 0.46% | 0.52% |
Drawdowns
PHO vs. XSD - Drawdown Comparison
The maximum PHO drawdown since its inception was -55.62%, smaller than the maximum XSD drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for PHO and XSD. For additional features, visit the drawdowns tool.
Volatility
PHO vs. XSD - Volatility Comparison
The current volatility for Invesco Water Resources ETF (PHO) is 4.19%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 10.26%. This indicates that PHO experiences smaller price fluctuations and is considered to be less risky than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.