{"url":"https://etfiq.com/compare/themes/fiw-vs-pho","section":"compare","title":"FIW vs PHO: which is really different? | ETFIQ","description":"48.5% of FIW and 61.5% of PHO is already in the S&P 500 by weight, as filed, and 76% 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 FIW and PHO hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 76% of their books are the same securities at the same weight, which is close to holding one of them twice. 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, FIW or PHO?","acceptedAnswer":{"@type":"Answer","text":"FIW has 48% of its weight in S&P 500 names and PHO has 62%, so FIW differs more from the index."}},{"@type":"Question","name":"Which is cheaper, FIW or PHO?","acceptedAnswer":{"@type":"Answer","text":"FIW charges 0.50% a year and PHO charges 0.59%, so FIW 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":"FIW vs PHO","item":"https://etfiq.com/compare/themes/fiw-vs-pho"}]},{"@type":"WebPage","name":"FIW vs PHO: which is really different?","description":"48.5% of FIW and 61.5% of PHO is already in the S&P 500 by weight, as filed, and 76% 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/fiw-vs-pho","dateModified":"2026-09-30","abstract":"FIW and PHO hold 76% 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 FIW and PHO","description":"48.5% of FIW and 61.5% of PHO is already in the S&P 500 by weight, as filed, and 76% 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/fiw-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":6866,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / FIW vs PHO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FIW vs PHO: which is really different?\n\n FIW and PHO hold 76% of their weight in the same names, and PHO returned \u22125.4% over the year.\n Copy this for sharing \n \n First Trust Water ETF and Invesco Water Resources ETF.\n\n Download as PDF \n\n 48.5% FIW in the S&P 500 \n 61.5% PHO in the S&P 500 \n \u22126.9% FIW total return, 1 year \n \u22125.4% PHO total return, 1 year \n\n ETFIQ Off-Index Score: FIW scores higher\n How much of it is not the index it is sold as an alternative to?\n [FIW scores","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/fiw-vs-pho","a":{"ticker":"FIW","name":"First Trust Water ETF","issuer":"First Trust","desk":"themes","as_of":"2026-09-30","verdict":"FIW holds 38 stocks, and 52% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/fiw","key_facts":[{"label":"Already in the S&P 500","value":"48.5%","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":"40.9%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"\u22126.9%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.7bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 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":76,"full_text_at":"https://etfiq.com/compare/themes/fiw-vs-pho"}