PHO vs SLYV: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
SLYVState Street® SPDR® S&P 600™ Small Cap Value ETF
State Street (SPDR) · 462 holdings · $5.1B · as of 2026-08-06
Holdings snapshots are 98 days apart (PHO: 2026-04-30, SLYV: 2026-08-06). 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 SLYV?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; State Street® SPDR® S&P 600™ Small Cap Value ETF (SLYV, by State Street (SPDR)) holds 462. They have 9 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
- 9PHO holds 36 · SLYV holds 462
- Weight in Shared Holdings
- PHO 9%·SLYV 1%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
27 of 36 positions (91.1% of the fund) are not held by SLYV.
Sector Breakdown
| Sector | PHO | SLYV |
|---|---|---|
| Industrials | 55.4% | 13.2% |
| Financials | 0.0% | 22.1% |
| Consumer Discretionary | 0.0% | 15.7% |
| Information Technology | 13.0% | 11.8% |
| Utilities | 12.8% | 2.2% |
| Other Sectors | 16.3% | 33.8% |
| Unclassified | 2.5% | 1.0% |
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, 1% of SLYV).
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% |
| SLYV | +3.6% | +23.2% | +39.5% | +13.6% | +8.2% | +10.3% | 1.78% |
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 SLYV →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by HTO, FELE and ITRI.
 HTOH2O America COM | 0.74% | 0.26% | 0.26% |
|---|---|---|---|
 FELEFranklin Electric Co Inc COM | 1.33% | 0.20% | 0.20% |
 ITRIItron, Inc. COM | 2.70% | 0.17% | 0.17% |
 CWTCalifornia Water Service Group COM | 0.63% | 0.17% | 0.17% |
 MWAMueller Water Products, Inc. COM SER A | 1.17% | 0.16% | 0.16% |
 AWRAmerican States Water Co. COM | 0.70% | 0.13% | 0.13% |
 LNNLindsay Corp COM | 0.44% | 0.13% | 0.13% |
 HWKNHawkins Inc COM | 0.98% | 0.10% | 0.10% |
 MSEXMiddlesex Water Co. COM | 0.23% | 0.06% | 0.06% |
Frequently Asked Questions
How much do PHO and SLYV overlap?
PHO and SLYV overlap by 1.4% of portfolio weight. They share 9 holdings (PHO holds 36 positions and SLYV holds 462), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and SLYV?
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 PHO and SLYV?
The largest positions held by both funds are HTO, FELE, ITRI, CWT and MWA. Together the top 9 shared positions account for 100% of the total overlap.
What does PHO own that SLYV doesn't?
27 positions (91.1% of PHO) are unique to PHO, led by FERG, ROP and WAT. In the other direction, 453 positions (98.5% of SLYV) are unique to SLYV.