Data as of . Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested.
PHO · Invesco Water Resources ETF
Invesco · Themes desk
Open the live card on ETFIQBy weight, 49% of PHO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 60% of the fund across 36 positions, as filed for Apr 30, 2026. Over the year to Sep 4, 2026 the fund returned −3.1% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 23.1 pts. It sits 5.0% below its all-time high of Oct 21, 2025.
| Theme (ETFIQ, editorial) | Water |
|---|---|
| Launched | Jan 4, 2010 |
| Already in the S&P 500, by weight (ETFIQ) | 49.2% |
| Active share vs the S&P 500 (ETFIQ) | 99.6% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 8.6% |
| Active share vs the Nasdaq-100 (ETFIQ) | 99.9% |
| Top ten holdings weight | 59.9% |
| Holdings | 36 |
| Net assets (latest filing) | $2,086M |
| Holdings as of (SEC N-PORT) | Apr 30, 2026 |
| Top holdings | Ferguson Enterprises Inc. 8.7%, Roper Technologies, Inc. 8.6%, Waters Corp. 8.2%, Ecolab Inc. 7.1%, American Water Works Co., Inc. 7.0%, IDEX Corp. 4.4%, Mueller Industries, Inc. 4.4%, Core & Main, Inc. 3.9%, Xylem Inc. 3.9%, Veralto Corp. 3.8% |
| 3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +6.5% / +4.7% / +1.8 pts / +4.4 pts |
| 6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +1.9% / +15.2% / −13.3 pts / −18.3 pts |
| 1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −3.1% / +20.0% / −23.1 pts / −28.7 pts |
| 3 years: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +27.9% / +78.0% / −50.1 pts / −65.6 pts |
| since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +348.3% / +811.4% / −463.1 pts / −1335.8 pts |
| Below its all-time high (ETFIQ) | −5.0% |
| Expense ratio (prospectus XBRL) | 0.59% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.59% |
| Closest funds by holdings overlap | FIW 70%, AQWA 46%, PIO 44%, CGW 41%, EFRA 36% |
Questions people ask
- How much of PHO is already in the S&P 500?
- By its holdings filed for Apr 30, 2026, 49% of PHO by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.
- What does PHO hold?
- 36 positions as filed for Apr 30, 2026, with the top ten at 60% of the fund. The largest are Ferguson Enterprises Inc. at 8.7%, Roper Technologies, Inc. at 8.6%, Waters Corp. at 8.2%.
- Has PHO beaten the S&P 500?
- Over the year to Sep 4, 2026 PHO returned −3.1% with distributions reinvested, against +20.0% for the S&P 500, so it finished behind the index by 23.1 points.
- What does PHO cost?
- The prospectus expense ratio is 0.59% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.59%.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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