{"url":"https://etfiq.com/compare/themes/aqwa-vs-pho","section":"compare","title":"AQWA vs PHO: which is really different? | ETFIQ","description":"19.5% of AQWA and 61.5% of PHO is already in the S&P 500 by weight, as filed, and 35% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do AQWA and PHO hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 35% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share."}},{"@type":"Question","name":"Which is more different from the S&P 500, AQWA or PHO?","acceptedAnswer":{"@type":"Answer","text":"AQWA has 20% of its weight in S&P 500 names and PHO has 62%, so AQWA differs more from the index."}},{"@type":"Question","name":"Which is cheaper, AQWA or PHO?","acceptedAnswer":{"@type":"Answer","text":"AQWA charges 0.50% a year and PHO charges 0.59%, so AQWA is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"AQWA vs PHO","item":"https://etfiq.com/compare/themes/aqwa-vs-pho"}]},{"@type":"WebPage","name":"AQWA vs PHO: which is really different?","description":"19.5% of AQWA and 61.5% of PHO is already in the S&P 500 by weight, as filed, and 35% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/aqwa-vs-pho","dateModified":"2026-09-30","abstract":"AQWA and PHO hold 35% of their weight in the same names, and PHO returned \u22125.4% over the year.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AQWA and PHO","description":"19.5% of AQWA and 61.5% of PHO is already in the S&P 500 by weight, as filed, and 35% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/aqwa-vs-pho","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6923,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / AQWA vs PHO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AQWA vs PHO: which is really different?\n\n AQWA and PHO hold 35% of their weight in the same names, and PHO returned \u22125.4% over the year.\n Copy this for sharing \n \n Global X Clean Water ETF and Invesco Water Resources ETF.\n\n Download as PDF \n\n 19.5% AQWA in the S&P 500 \n 61.5% PHO in the S&P 500 \n \u22126.1% AQWA total return, 1 year \n \u22125.4% PHO total return, 1 year \n\n ETFIQ Off-Index Score: AQWA scores higher\n How much of it is not the index it is sold as an alternative to?\n [A","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/aqwa-vs-pho","a":{"ticker":"AQWA","name":"Global X Clean Water ETF","issuer":"Global X","desk":"themes","as_of":"2026-09-30","verdict":"AQWA holds 44 stocks, and 80% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/aqwa","key_facts":[{"label":"Already in the S&P 500","value":"19.5%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.9%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"59.0%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"\u22126.1%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$20m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Mar 27, 2026"}]},"b":{"ticker":"PHO","name":"Invesco Water Resources ETF","issuer":"Invesco","desk":"themes","as_of":"2026-09-30","verdict":"PHO holds 42 stocks, and 38% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/pho","key_facts":[{"label":"Already in the S&P 500","value":"61.5%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.4%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"57.5%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"\u22125.4%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.9bn","as_of":"2026-09-30","source":"the issuer\u2019s daily holdings, added up, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.59%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 27, 2026"}]},"overlap_pct":35,"full_text_at":"https://etfiq.com/compare/themes/aqwa-vs-pho"}