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PHO holdings and overlap
What does PHO hold, as of its issuer file of 2026-09-05?
PHO holds 40 positions as of the issuer file dated 2026-09-05. The three largest are Roper Technologies Inc at 9.42%, Ecolab Inc at 8.21% and Waters Corp at 7.27%; half of the fund sits in its ten largest names.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | ROP Roper Technologies Inc | 9.42% | |
| 2 | ECL Ecolab Inc | 8.21% | |
| 3 | WAT Waters Corp | 7.27% | |
| 4 | FERG Ferguson Enterprises Inc | 6.71% | |
| 5 | IDXX IDEXX Laboratories Inc | 6.15% | |
| 6 | VLTO Veralto Corp | 4.41% | |
| 7 | AWK American Water Works Co Inc | 4.3% | |
| 8 | A Agilent Technologies Inc | 4.19% | |
| 9 | XYL Xylem Inc/NY | 3.65% | |
| 10 | J Jacobs Solutions Inc | 3.62% | |
| 11 | IEX IDEX Corp | 3.54% | |
| 12 | TRMB Trimble Inc | 3.02% | |
| 13 | PNR Pentair PLC | 2.89% | |
| 14 | WMS Advanced Drainage Systems Inc | 2.77% | |
| 15 | ACM Aecom | 2.74% | |
| 16 | TTEK Tetra Tech Inc | 2.66% | |
| 17 | CNM Core & Main Inc | 2.41% | |
| 18 | AOS A O Smith Corp | 2.34% | |
| 19 | BSY Bentley Systems Inc | 2.15% | |
| 20 | ITRI Itron Inc | 2.0% | |
| 21 | WTS Watts Water Technologies Inc | 1.96% | |
| 22 | VMI Valmont Industries Inc | 1.88% | |
| 23 | MLI Mueller Industries Inc | 1.86% | |
| 24 | BMI Badger Meter Inc | 1.79% | |
| 25 | ZWS Zurn Elkay Water Solutions Corp | 1.11% | |
| 26 | HTO H2O America | 0.88% | |
| 27 | SBS Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.84% | |
| 28 | MWA Mueller Water Products Inc | 0.66% | |
| 29 | STN Stantec Inc | 0.64% | |
| 30 | FELE Franklin Electric Co Inc | 0.62% | |
| 31 | AWR American States Water Co | 0.59% | |
| 32 | CWT California Water Service Group | 0.56% | |
| 33 | LNN Lindsay Corp | 0.5% | |
| 34 | HWKN Hawkins Inc | 0.47% | |
| 35 | NWPX NWPX Infrastructure Inc | 0.25% | |
| 36 | GRC Gorman-Rupp Co/The | 0.25% | |
| 37 | ERII Energy Recovery Inc | 0.22% | |
| 38 | MSEX Middlesex Water Co | 0.19% | |
| 39 | YORW York Water Co/The | 0.12% | |
| 40 | CWCO Consolidated Water Co Ltd | 0.1% |
Issuer file -1 days old on 2026-09-04, against a median of 1 across the funds with a page. Every one of the 40 positions with its weight is in the fund's JSON file. See which other ETFs hold ROP, and at what weight.
What does PHO duplicate?
The fund nearest to PHO is PIO: the two hold 46.1% of their weight in common, in the 13 companies both own, and 61.5% of PHO itself is also held there. Owning PHO alongside the funds at the top of this table means about half of the weight is held twice.
| Fund | Overlap by weight | Of PHO held there | Of that fund in PHO | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| PIO | 46.1% | 61.5% | 53.0% | 13 | |
| CGW | 32.5% | 38.8% | 51.3% | 22 | |
| EFRA | 29.4% | 31.3% | 39.5% | 16 | |
| EWL | 9.4% | 9.4% | 13.8% | 1 | |
| POWA | 8.6% | 27.1% | 8.6% | 4 | |
| RSPN | 8.6% | 27.2% | 8.6% | 7 | |
| IYM | 7.2% | 10.1% | 7.2% | 2 | |
| CZA | 6.5% | 20.7% | 6.6% | 7 | |
| BMED | 6.0% | 16.7% | 6.1% | 2 | |
| XMHQ | 5.4% | 11.3% | 5.4% | 5 | |
| IXJ | 5.2% | 27.0% | 5.3% | 4 | |
| VAW | 5.0% | 8.7% | 5.0% | 2 |
From each issuer's latest file. Check PHO against any fund in the ETF overlap calculator · how overlap is measured.
What adds something different to PHO?
VDE shares 0% of weight with PHO and its weekly returns correlate with it at 0.16 over three years. The table lists the covered funds with the least in common with PHO, least shared weight first and, among equals, lowest correlation.
| Fund | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| VDE | Vanguard Energy ETF | 0.0% | 0.16 | 0 |
| VOX | Vanguard Communication Services ETF | 0.0% | 0.52 | 0 |
| VDC | Vanguard Consumer Staples ETF | 0.0% | 0.53 | 0 |
| XLG | Invesco S&P 500 Top 50 ETF | 0.0% | 0.55 | 0 |
| VPL | Vanguard FTSE Pacific ETF | 0.0% | 0.56 | 1 |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 0.0% | 0.62 | 0 |
| VNQI | Vanguard Global ex-U.S. Real Estate ETF | 0.0% | 0.64 | 0 |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 0.0% | 0.67 | 2 |
Cost, returns and risk
| Expense ratio | 0.59% |
|---|---|
| Dividend yield | 0.57% |
| Total return, 1 year | -3.4% |
| Total return, 3 years cumulative | 31.2% |
| Total return, 5 years cumulative | 23.8% |
| Volatility, annualised | 15.8% |
| Worst fall, 3 years | -15.9% |
| Beta against SPY, 3 years of weekly returns | 0.75 |
| Weight in the ten largest positions | 57.9% |
| Largest single position | 9.4% |
| Assets under management | $2.0B |
Expense ratio, yield and assets are reference data; 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 | 0.69loosely linked | 157 |
| QQQ | 0.55loosely linked | 171 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 0.5% |
| 2025 | 7.6% |
| 2024 | 8.6% |
| 2023 | 18.9% |
| 2022 | -14.9% |
One year
Where to go next
- PICK, iShares MSCI Global Metals & Mining Producers ETF
- PIO, Invesco Global Water ETF
- RSPM, Invesco S&P 500 Equal Weight Materials ETF
- VAW, Vanguard Materials ETF
- Run a portfolio x-ray to see what PHO carries once you look through it
- Compare PHO against any other fund in the builder
Holdings from the issuer file published 2026-09-05. Prices through 2026-09-04. How every figure here is produced. Measurements, not investment advice.
