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ETFs

Invesco Exchange-Traded Fund Trust Invesco Water Resources ETF

PHO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 06 2005
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,984,027
AUM
$1,701,638,530
Associated Index
Nasdaq OMX US Water Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

DHR
Danaher Corp.
8.31%
ROP
Roper Technologies Inc
8.23%
ECL
Ecolab, Inc.
8.21%
XYL
Xylem Inc
7.89%
FERG
Ferguson Plc.
7.57%
AOS
A.O. Smith Corp.
4.21%
TTC
Toro Co.
4.09%
AWK
American Water Works Co. Inc.
4.06%
IEX
Idex Corporation
4.04%
WAT
Waters Corp.
3.99%
Invest with PHO

What is PHO?

The Invesco Water Resources ETF (Fund) is based on the NASDAQ OMX US Water Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

ETFs related toPHO

ETFs correlated to PHO include FIW, CGW, FLQM

PHO
Invesco Capital Management LLC - Invesco Water Resources ETF
FIW
First Trust Exchange-Traded Fund III - First Trust Water ETF
CGW
Invesco Capital Management LLC - Invesco S&P Global Water Index ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
OUSM
OSI ETF Trust - ALPS O`Shares U.S. Small-Cap Quality Dividend ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
NOBL
ProShares Trust - ProShares S&P 500 Dividend Aristocrats ETF
RGI
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPHO

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with PHO using Composer

FAQ

PHO is a US Equities ETF. The Invesco Water Resources ETF (Fund) is based on the NASDAQ OMX US Water Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

PHO tracks the Nasdaq OMX US Water Index.

No, PHO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PHO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PHO is -0.038%. This is the percent change in the value of PHO over the most recent 1-month period. The 3-month return on PHO is -0.0062%. This is the percent change in the value of PHO over the most recent 3-month period.

The standard deviation of PHO for the past year is 0.2484%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PHO include SPHQ, QUAL, and SUSA.

ETFs correlated to PHO include FIW, CGW, and FLQM.

ETFs that are inversely correlated to PHO include SH, SPXS, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.