WMS vs. PHO
Compare and contrast key facts about Advanced Drainage Systems, Inc. (WMS) and Invesco Water Resources ETF (PHO).
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: WMS or PHO.
Performance
WMS vs. PHO - Performance Comparison
Returns By Period
In the year-to-date period, WMS achieves a -6.29% return, which is significantly lower than PHO's 14.56% return. Over the past 10 years, WMS has outperformed PHO with an annualized return of 20.20%, while PHO has yielded a comparatively lower 10.79% annualized return.
WMS
-6.29%
-15.93%
-24.38%
11.10%
29.70%
20.20%
PHO
14.56%
-1.68%
1.43%
25.98%
14.08%
10.79%
Key characteristics
| WMS | PHO | |
|---|---|---|
| Sharpe Ratio | 0.28 | 1.77 |
| Sortino Ratio | 0.66 | 2.50 |
| Omega Ratio | 1.09 | 1.30 |
| Calmar Ratio | 0.38 | 3.20 |
| Martin Ratio | 1.03 | 9.53 |
| Ulcer Index | 10.17% | 2.76% |
| Daily Std Dev | 37.48% | 14.86% |
| Max Drawdown | -53.58% | -55.62% |
| Current Drawdown | -26.54% | -3.60% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between WMS and PHO is 0.60, 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.
Risk-Adjusted Performance
WMS vs. PHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Advanced Drainage Systems, Inc. (WMS) and Invesco Water Resources ETF (PHO). 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
WMS vs. PHO - Dividend Comparison
WMS's dividend yield for the trailing twelve months is around 0.46%, which matches PHO's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WMS Advanced Drainage Systems, Inc. | 0.46% | 0.38% | 0.57% | 0.31% | 0.43% | 3.48% | 1.28% | 1.13% | 1.12% | 0.79% | 0.17% | 0.00% |
PHO Invesco Water Resources ETF | 0.46% | 0.59% | 0.49% | 0.20% | 0.39% | 0.43% | 0.46% | 0.34% | 0.47% | 0.75% | 0.59% | 0.49% |
Drawdowns
WMS vs. PHO - Drawdown Comparison
The maximum WMS drawdown since its inception was -53.58%, roughly equal to the maximum PHO drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for WMS and PHO. For additional features, visit the drawdowns tool.
Volatility
WMS vs. PHO - Volatility Comparison
Advanced Drainage Systems, Inc. (WMS) has a higher volatility of 17.85% compared to Invesco Water Resources ETF (PHO) at 4.49%. This indicates that WMS's price experiences larger fluctuations and is considered to be riskier than PHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.