PHO holdings and overlap
Invesco Water Resources ETF (PHO) holds 40 positions in its Invesco file of 2026-10-24. Its three largest are Ecolab (ECL) at 8.05%, Ferguson Enterprises (FERG) at 7.98% and Waters (WAT) at 7.31%, and its ten largest make up 58.2% of the fund.
In its Invesco file of 2026-10-24, PHO is 48.9% industrials, 18.7% health care and 16.5% technology by sector, with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 98.0% of PHO is in the United States, 1.2% in Brazil.
What does PHO hold, as of its issuer file of 2026-10-24?
PHO keeps 58.2% of its weight in its ten largest positions, against a median of 51.7% across the 20 Thematic funds with a page here. The position PHO carries furthest above that group is Ferguson Enterprises at 7.98% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | ECL Ecolab | 8.05% | |
| 2 | FERG Ferguson Enterprises | 7.98% | |
| 3 | WAT Waters | 7.31% | |
| 4 | ROP Roper Technologies | 7.16% | |
| 5 | IDXX Idexx Laboratories | 6.95% | |
| 6 | A Agilent Technologies | 4.46% | |
| 7 | TRMB Trimble | 4.18% | |
| 8 | VLTO Veralto | 4.16% | |
| 9 | AWK American Water Works | 4.08% | |
| 10 | XYL Xylem | 3.9% | |
| 11 | PNR Pentair | 3.63% | |
| 12 | IEX IDEX | 3.32% | |
| 13 | ACM AECOM | 3.05% | |
| 14 | J Jacobs Solutions | 2.99% | |
| 15 | WTS Watts Water Technologies | 2.44% | |
| 16 | WMS Advanced Drainage Systems | 2.39% | |
| 17 | BSY Bentley Systems | 2.31% | |
| 18 | AOS A. O. Smith | 2.3% | |
| 19 | VMI Valmont Industries | 2.28% | |
| 20 | CNM Core & Main | 2.27% | |
| 21 | TTEK Tetra Tech | 2.26% | |
| 22 | MLI Mueller Industries | 1.72% | |
| 23 | BMI Badger Meter | 1.48% | |
| 24 | ITRI Itron | 1.36% | |
| 25 | SBS Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 1.2% | |
| 26 | ZWS Zurn Elkay Water Solutions | 1.03% | |
| 27 | STN Stantec | 0.68% | |
| 28 | FELE Franklin Electric | 0.61% | |
| 29 | MWA MUELLER WATER PRODUCTS | 0.59% | |
| 30 | HTO H2O America | 0.54% | |
| 31 | AWR American States Water | 0.54% | |
| 32 | CWT California Water Service Group | 0.54% | |
| 33 | HWKN Hawkins | 0.53% | |
| 34 | NWPX NWPX Infrastructure | 0.47% | |
| 35 | LNN Lindsay | 0.35% | |
| 36 | GRC Gorman-Rupp | 0.32% | |
| 37 | MSEX Middlesex Water | 0.19% | |
| 38 | ERII Energy Recovery | 0.15% | |
| 39 | YORW The York Water | 0.09% | |
| 40 | CWCO Consolidated Water | 0.06% |
The most recent file Invesco has published for PHO is dated 2026-10-24, 4 days before these prices, which is the median for the Invesco ETFs covered here. Every one of the 40 positions PHO holds, with its weight, is in the fund's JSON file. See the other 94 ETFs with a page here that hold ECL, and how their weights compare with the 8.05% PHO gives it.
Category: Thematic, set by TickerInside from the ETF's own latest file. In its file of 2026-10-24, its name names a theme (water), and no one sector holds 60% of its stocks whose sector is known (industrials 49%). How categories are set.
https://tickerinside.com/api/v1/fund/pho.jsonhttps://tickerinside.com/api/v1/fund/pho.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/pho.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/pho.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/pho.jsonHow much money went into or out of PHO?
On the close of Friday, October 23, 2026, $7.2 million went into PHO, 0.36% of its assets, as it created shares. Over its last 5 closes, a net inflow of $3.0 million.
From PHO's own holdings files. Every ETF's latest flows.
How is PHO split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Industrials | 48.9% | |
| Health care | 18.7% | |
| Technology | 16.5% | |
| Materials | 8.6% | |
| Utilities | 7.2% |
| Country | Weight | Weight bar |
|---|---|---|
| United States | 98.0% | |
| Brazil | 1.2% | |
| Canada | 0.7% |
From its Invesco file of 2026-10-24. How these are measured.
What did PHO hold in its SEC reports since 2019?
In PHO's SEC filings, its largest position went from Waters Corporation (WAT) at 7.84% on 2019-10-31 to Roper Technologies (ROP) at 9.12% on 2026-07-31, across 26 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-10-31 | 34 | WAT 7.84% | 58.6% |
| 2020-10-31 | 35 | DHR 8.62% | 59.4% |
| 2021-10-31 | 36 | ROP 8.16% | 59.9% |
| 2022-10-31 | 36 | ROP 8.15% | 60.2% |
| 2023-10-31 | 39 | ROP 8.81% | 59.6% |
| 2024-10-31 | 38 | ECL 7.95% | 57.2% |
| 2025-10-31 | 36 | WAT 9.44% | 60.0% |
| 2026-07-31 | 40 | ROP 9.12% | 57.5% |
The first report, then the last of each year, of the 26 reports PHO filed on SEC Form N-PORT from 2019-10-31 to 2026-07-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/pho/{date}.json. How these are read.
What does PHO duplicate?
The ETF nearest to PHO is FIW: the two hold 71.9% of their weight in common, in the 32 companies both own, and 92.2% of PHO itself is also held there. Owning PHO alongside the ETFs at the top of this table means holding mostly the same companies twice.
| ETF | Overlap by weight | Of PHO held there | Of that ETF in PHO | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| FIW | 71.9% | 92.2% | 89.8% | 32 | |
| PIO | 45.5% | 61.8% | 51.5% | 13 | |
| CGW | 31.6% | 38.4% | 50.7% | 23 | |
| EFRA | 29.0% | 30.1% | 39.1% | 15 | |
| RSPN | 8.7% | 28.3% | 8.7% | 7 | |
| PAVE | 8.3% | 29.7% | 8.3% | 14 | |
| IYM | 7.7% | 9.8% | 7.7% | 2 | |
| NOBL | 6.0% | 21.2% | 6.0% | 4 | |
| XMHQ | 5.7% | 11.6% | 5.8% | 5 | |
| CZA | 5.4% | 20.6% | 5.4% | 6 | |
| RSPH | 5.2% | 18.7% | 5.2% | 3 | |
| XLB | 5.0% | 8.1% | 5.0% | 1 |
FIW's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-21. NOBL's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-28. The other ETFs' holdings are from their issuers' latest files. Check PHO against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to PHO?
MCHI shares 0% of weight with PHO and its weekly returns correlate with it at 0.30 over three years. The table lists the covered ETFs with the least in common with PHO, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 0.0% | 0.30 | 0 |
| SOXX | iShares Semiconductor ETF | 0.0% | 0.44 | 0 |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.0% | 0.47 | 0 |
| PFF | iShares Preferred and Income Securities ETF | 0.0% | 0.51 | 0 |
| OEF | iShares S&P 100 ETF | 0.0% | 0.55 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.61 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.63 | 0 |
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.63 | 0 |
Cost, returns and risk
| Expense ratio | 0.59% |
|---|---|
| Dividend yield | 0.55% |
| Total return, 1 year | 2.0% |
| Total return, 3 years cumulative | 38.3% |
| Total return, 5 years cumulative | 26.9% |
| Volatility, annualised | 15.2% |
| Worst fall, 3 years | -15.9% |
| Beta against SPY, 3 years of weekly returns | 0.7 |
| Weight in the ten largest positions | 58.2% |
| Largest single position | 8.0% |
| Assets under management | $1.9B |
Expense ratio, yield and assets are reference data (the expense ratio from PHO's SEC filing of 2026-08-27); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-24; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.64loosely linked | 135 |
| QQQ | 0.49loosely linked | 144 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 3.3% |
| 2025 | 7.6% |
| 2024 | 8.6% |
| 2023 | 18.9% |
| 2022 | -14.9% |
One year
Where to go next
- PIO, Invesco Global Water ETF
- PKB, Invesco Building & Construction ETF
- PSP, Invesco Global Listed Private Equity ETF
- ROBO, ROBO Global Robotics and Automation Index ETF
- Run a portfolio x-ray to see what PHO carries once you look through it
- Compare PHO against any other ETF in the builder
Holdings from the most recent file Invesco has published, dated 2026-10-24. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, Invesco Water Resources ETF (PHO), holdings from the issuer's file of 2026-10-24, https://tickerinside.com/etf/pho/, CC BY 4.0
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