IJJ vs PHO: Holdings Overlap
IJJiShares S&P Mid-Cap 400 Value ETF
iShares · 301 holdings · $9.0B · 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 (IJJ: 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 IJJ and PHO?
iShares S&P Mid-Cap 400 Value ETF (IJJ, by iShares) holds 301 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 6 holdings in common, and by portfolio weight the two funds are 2.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6IJJ holds 301 · PHO holds 36
- Weight in Shared Holdings
- IJJ 2%·PHO 21%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 IJJ
295 of 301 positions (97.0% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | IJJ | PHO |
|---|---|---|
| Industrials | 19.0% | 55.4% |
| Financials | 22.4% | 0.0% |
| Information Technology | 7.0% | 13.0% |
| Utilities | 4.6% | 12.8% |
| Consumer Discretionary | 12.4% | 0.0% |
| Other Sectors | 33.7% | 16.3% |
| Unclassified | 0.0% | 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 (0% of IJJ, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IJJ | +3.0% | +15.1% | +23.8% | +12.8% | +9.2% | +10.5% | 1.56% |
| 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 IJJ vs PHO →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by WTRG, ACM and CNM.
 WTRGEssential Utilities, Inc. | 0.73% | 3.35% | 0.73% |
|---|---|---|---|
 ACMAECOM | 0.39% | 3.63% | 0.39% |
 CNMCore & Main, Inc., Class A | 0.33% | 3.93% | 0.33% |
 WMSAdvanced Drainage Systems, Inc. | 0.28% | 3.25% | 0.28% |
 MLIMueller Industries, Inc. | 0.22% | 4.37% | 0.22% |
 VMIValmont Industries, Inc. | 0.20% | 2.58% | 0.20% |
Frequently Asked Questions
How much do IJJ and PHO overlap?
IJJ and PHO overlap by 2.1% of portfolio weight. They share 6 holdings (IJJ holds 301 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IJJ and PHO?
The two portfolios are 2.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IJJ and PHO?
The largest positions held by both funds are WTRG, ACM, CNM, WMS and MLI. Together the top 6 shared positions account for 100% of the total overlap.
What does IJJ own that PHO doesn't?
295 positions (97.0% of IJJ) are unique to IJJ, led by USFD, AA and OVV. In the other direction, 30 positions (78.9% of PHO) are unique to PHO.