MOAT vs PHO: Holdings Overlap
MOATVanEck Morningstar Wide Moat ETF
VanEck · 57 holdings · $12.2B · 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 (MOAT: 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 MOAT and PHO?
VanEck Morningstar Wide Moat ETF (MOAT, by VanEck) holds 57 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 1 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1MOAT holds 57 · PHO holds 36
- Weight in Shared Holdings
- MOAT 1%·PHO 4%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 MOAT
56 of 57 positions (98.4% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | MOAT | PHO |
|---|---|---|
| Industrials | 19.3% | 55.4% |
| Information Technology | 25.5% | 13.0% |
| Consumer Staples | 18.3% | 0.0% |
| Health Care | 18.1% | 8.2% |
| Utilities | 0.0% | 12.8% |
| Other Sectors | 18.7% | 8.1% |
| 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 MOAT, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MOAT | +5.9% | +8.4% | +18.6% | +12.6% | +9.4% | +13.9% | 1.25% |
| 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 MOAT vs PHO →
Shared Holdings(1)
 IEXIDEX Corp. | 1.44% | 4.39% | 1.44% |
|---|
Frequently Asked Questions
How much do MOAT and PHO overlap?
MOAT and PHO overlap by 1.4% of portfolio weight. They share 1 holdings (MOAT holds 57 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MOAT and PHO?
The two portfolios are 1.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of MOAT and PHO?
The largest positions held by both funds are IEX. Together the top 1 shared positions account for 100% of the total overlap.
What does MOAT own that PHO doesn't?
56 positions (98.4% of MOAT) are unique to MOAT, led by BMY, MDLZ and STZ. In the other direction, 35 positions (95.6% of PHO) are unique to PHO.