PHO vs SDVY: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
SDVYFirst Trust SMID Cap Rising Dividend Achievers ETF
First Trust · 167 holdings · $11.6B · as of 2026-03-31
Holdings snapshots are 30 days apart (PHO: 2026-04-30, SDVY: 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 SDVY?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; First Trust SMID Cap Rising Dividend Achievers ETF (SDVY, by First Trust) holds 167. They have 13 holdings in common, and by portfolio weight the two funds are 6.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13PHO holds 36 · SDVY holds 167
- Weight in Shared Holdings
- PHO 36%·SDVY 7%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
23 of 36 positions (63.9% of the fund) are not held by SDVY.
Only in SDVY
154 of 167 positions (93.1% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | PHO | SDVY |
|---|---|---|
| Industrials | 55.4% | 32.3% |
| Financials | 0.0% | 32.8% |
| Information Technology | 13.0% | 6.2% |
| Utilities | 12.8% | 0.4% |
| Consumer Discretionary | 0.0% | 9.9% |
| Other Sectors | 16.3% | 18.2% |
| 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 SDVY).
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% |
| SDVY | +3.6% | +16.9% | +24.8% | +15.3% | +10.8% | — | 0.93% |
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 SDVY →
Shared Holdings(13)
The top 10 shared positions account for 91% of the overlap, led by MLI, WTS and WMS.
 MLIMueller Industries Inc. COM | 4.37% | 0.96% | 0.96% |
|---|---|---|---|
 WTSWatts Water Technologies, Inc., Class A | 1.92% | 0.89% | 0.89% |
 WMSAdvanced Drainage System Inc COM | 3.25% | 0.83% | 0.83% |
 AOSSmith(Ao)Corp COM | 2.85% | 0.81% | 0.81% |
 ACMAECOM COM | 3.63% | 0.67% | 0.67% |
 VLTOVeralto Corp. COM SHS | 3.83% | 0.58% | 0.58% |
 MWAMueller Water Products, Inc. COM SER A | 1.17% | 0.46% | 0.46% |
 BMIBadger Meter Inc COM | 1.78% | 0.42% | 0.42% |
 FELEFranklin Electric Co Inc COM | 1.33% | 0.41% | 0.41% |
 IEXIdex Corporation COM | 4.39% | 0.21% | 0.21% |
 VMIValmont Industries, Inc. COM | 2.58% | 0.20% | 0.20% |
 ZWSZurn Elkay Water Solutions Corporation COM | 1.78% | 0.20% | 0.20% |
 TTEKTetra Tech Inc COM | 3.21% | 0.20% | 0.20% |
Frequently Asked Questions
How much do PHO and SDVY overlap?
PHO and SDVY overlap by 6.8% of portfolio weight. They share 13 holdings (PHO holds 36 positions and SDVY holds 167), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and SDVY?
The two portfolios are 6.8% 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 PHO and SDVY?
The largest positions held by both funds are MLI, WTS, WMS, AOS and ACM. Together the top 10 shared positions account for 91% of the total overlap.
What does PHO own that SDVY doesn't?
23 positions (63.9% of PHO) are unique to PHO, led by FERG, ROP and WAT. In the other direction, 154 positions (93.1% of SDVY) are unique to SDVY.