PHO vs QTEC: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
Holdings snapshots are 30 days apart (PHO: 2026-04-30, QTEC: 2026-03-31). 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 PHO and QTEC?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45. They have 1 holdings in common, and by portfolio weight the two funds are 2.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1PHO holds 36 · QTEC holds 45
- Weight in Shared Holdings
- PHO 9%·QTEC 2%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 PHO
35 of 36 positions (91.4% of the fund) are not held by QTEC. Showing the top 30 by weight.
Only in QTEC
44 of 45 positions (97.7% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | PHO | QTEC |
|---|---|---|
| Information Technology | 13.0% | 86.5% |
| Industrials | 55.4% | 2.2% |
| Utilities | 12.8% | 0.0% |
| Health Care | 8.2% | 0.0% |
| Materials | 8.1% | 0.0% |
| Other Sectors | 0.0% | 11.2% |
| Unclassified | 2.5% | 0.0% |
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 PHO, 0% of QTEC).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PHO | +5.7% | +4.5% | +3.2% | +8.8% | +5.6% | +12.2% | 0.55% |
| QTEC | +1.7% | +37.5% | +49.6% | +28.1% | +14.1% | +21.4% | 0.01% |
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 PHO vs QTEC →
Shared Holdings(1)
 ROPRoper Technologies Inc COM | 8.57% | 2.32% | 2.32% |
|---|
Frequently Asked Questions
How much do PHO and QTEC overlap?
PHO and QTEC overlap by 2.3% of portfolio weight. They share 1 holdings (PHO holds 36 positions and QTEC holds 45), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and QTEC?
The two portfolios are 2.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of PHO and QTEC?
The largest positions held by both funds are ROP. Together the top 1 shared positions account for 100% of the total overlap.
What does PHO own that QTEC doesn't?
35 positions (91.4% of PHO) are unique to PHO, led by FERG, WAT and ECL. In the other direction, 44 positions (97.7% of QTEC) are unique to QTEC.