KNG vs PHO: Holdings Overlap
KNGFT Vest S&P 500 Dividend Aristocrats Target Income ETF
First Trust · 69 holdings · $3.5B · as of 2026-04-30
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
How similar are KNG and PHO?
FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG, by First Trust) holds 69 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 4 holdings in common, and by portfolio weight the two funds are 5.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4KNG holds 69 · PHO holds 36
- Weight in Shared Holdings
- KNG 6%·PHO 22%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 KNG
65 of 69 positions (94.7% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | KNG | PHO |
|---|---|---|
| Industrials | 21.8% | 55.4% |
| Consumer Staples | 23.5% | 0.0% |
| Information Technology | 2.7% | 13.0% |
| Utilities | 6.1% | 12.8% |
| Financials | 12.7% | 0.0% |
| Other Sectors | 33.3% | 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 KNG, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KNG | +1.6% | +11.1% | +13.7% | +7.8% | +6.0% | — | 8.10% |
| 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 KNG vs PHO →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by ROP, ECL and AOS.
Frequently Asked Questions
How much do KNG and PHO overlap?
KNG and PHO overlap by 5.5% of portfolio weight. They share 4 holdings (KNG holds 69 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KNG and PHO?
The two portfolios are 5.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of KNG and PHO?
The largest positions held by both funds are ROP, ECL, AOS and PNR. Together the top 4 shared positions account for 100% of the total overlap.
What does KNG own that PHO doesn't?
65 positions (94.7% of KNG) are unique to KNG, led by CAT, BEN and WST. In the other direction, 32 positions (78.0% of PHO) are unique to PHO.