GDX vs PHO: Holdings Overlap
VanEck · 51 holdings · $23.7B · as of 2026-03-31
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (GDX: 2026-03-31, PHO: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are GDX and PHO?
VanEck Gold Miners ETF (GDX, by VanEck) holds 51 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0GDX holds 51 · PHO holds 36
- Weight in Shared Holdings
- GDX 0%·PHO 0%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 GDX
51 of 51 positions (99.7% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | GDX | PHO |
|---|---|---|
| Materials | 97.4% | 8.1% |
| Industrials | 0.0% | 55.4% |
| Information Technology | 0.0% | 13.0% |
| Utilities | 0.0% | 12.8% |
| Health Care | 0.0% | 8.2% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 2.4% | 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 (2% of GDX, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GDX | +18.6% | +4.8% | +56.3% | +47.0% | +23.7% | +12.6% | 0.70% |
| 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 GDX vs PHO →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do GDX and PHO overlap?
GDX and PHO overlap by 0.0% of portfolio weight. They share 0 holdings (GDX holds 51 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GDX and PHO?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does GDX own that PHO doesn't?
51 positions (99.7% of GDX) are unique to GDX, led by AEM, NEM and ABX. In the other direction, 36 positions (100.0% of PHO) are unique to PHO.