CALF vs PHO: Holdings Overlap
CALFPacer US Small Cap Cash Cows 100 ETF
Pacer · 200 holdings · $3.7B · as of 2026-04-30
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
How similar are CALF and PHO?
Pacer US Small Cap Cash Cows 100 ETF (CALF, by Pacer) holds 200 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 1 holdings in common, and by portfolio weight the two funds are 0.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1CALF holds 200 · PHO holds 36
- Weight in Shared Holdings
- CALF 0%·PHO 3%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in CALF
199 of 200 positions (99.5% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | CALF | PHO |
|---|---|---|
| Industrials | 8.9% | 55.4% |
| Consumer Discretionary | 28.3% | 0.0% |
| Information Technology | 26.3% | 13.0% |
| Utilities | 0.0% | 12.8% |
| Energy | 9.6% | 0.0% |
| Other Sectors | 26.0% | 16.3% |
| Unclassified | 0.9% | 2.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (1% of CALF, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CALF | +8.4% | +27.1% | +42.3% | +9.9% | +6.8% | — | 1.08% |
| PHO | +5.7% | +4.5% | +3.2% | +8.8% | +5.6% | +12.2% | 0.55% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in CALF vs PHO →
Shared Holdings(1)
 ITRIItron, Inc. | 0.40% | 2.70% | 0.40% |
|---|
Frequently Asked Questions
How much do CALF and PHO overlap?
CALF and PHO overlap by 0.4% of portfolio weight. They share 1 holdings (CALF holds 200 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CALF and PHO?
The two portfolios are 0.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of CALF and PHO?
The largest positions held by both funds are ITRI. Together the top 1 shared positions account for 100% of the total overlap.
What does CALF own that PHO doesn't?
199 positions (99.5% of CALF) are unique to CALF, led by ZM, SNX and APA. In the other direction, 35 positions (97.3% of PHO) are unique to PHO.