PHO vs SPLV: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (PHO: 2026-04-30, SPLV: 2026-05-31). 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 SPLV?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100. They have 2 holdings in common, and by portfolio weight the two funds are 1.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2PHO holds 36 · SPLV holds 100
- Weight in Shared Holdings
- PHO 11%·SPLV 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
34 of 36 positions (89.0% of the fund) are not held by SPLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | PHO | SPLV |
|---|---|---|
| Industrials | 55.4% | 12.2% |
| Utilities | 12.8% | 25.0% |
| Financials | 0.0% | 21.0% |
| Real Estate | 0.0% | 17.7% |
| Information Technology | 13.0% | 0.8% |
| Other Sectors | 16.3% | 22.9% |
| 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 SPLV).
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% |
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
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 SPLV →
Shared Holdings(2)
Frequently Asked Questions
How much do PHO and SPLV overlap?
PHO and SPLV overlap by 1.8% of portfolio weight. They share 2 holdings (PHO holds 36 positions and SPLV holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and SPLV?
The two portfolios are 1.8% 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 SPLV?
The largest positions held by both funds are ECL and VLTO. Together the top 2 shared positions account for 100% of the total overlap.
What does PHO own that SPLV doesn't?
34 positions (89.0% of PHO) are unique to PHO, led by FERG, ROP and WAT. In the other direction, 98 positions (97.8% of SPLV) are unique to SPLV.