PHO vs SUSA: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
SUSAiShares ESG Optimized MSCI USA ETF
iShares · 170 holdings · $4.1B · as of 2026-04-30
How similar are PHO and SUSA?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; iShares ESG Optimized MSCI USA ETF (SUSA, by iShares) holds 170. They have 6 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6PHO holds 36 · SUSA holds 170
- Weight in Shared Holdings
- PHO 35%·SUSA 3%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
30 of 36 positions (64.9% of the fund) are not held by SUSA.
Sector Breakdown
| Sector | PHO | SUSA |
|---|---|---|
| Industrials | 55.4% | 11.3% |
| Information Technology | 13.0% | 38.2% |
| Utilities | 12.8% | 1.3% |
| Financials | 0.0% | 11.9% |
| Health Care | 8.2% | 9.0% |
| Other Sectors | 8.1% | 28.2% |
| 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 SUSA).
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% |
| SUSA | +3.0% | +14.4% | +24.2% | +19.9% | +11.2% | +14.9% | 0.82% |
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 SUSA →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by ECL, PNR and VLTO.
 ECLEcolab Inc. COM | 7.14% | 0.97% | 0.97% |
|---|---|---|---|
 PNRPentair PLC COM USD0.01 | 3.44% | 0.54% | 0.54% |
 VLTOVeralto Corp. COM SHS | 3.83% | 0.48% | 0.48% |
 XYLXylem, Inc. COM | 3.85% | 0.42% | 0.42% |
 WATWaters Corporation COM | 8.18% | 0.31% | 0.31% |
 FERGFerguson Enterprises Inc COMMON STOCK NEW | 8.68% | 0.24% | 0.24% |
Frequently Asked Questions
How much do PHO and SUSA overlap?
PHO and SUSA overlap by 3.0% of portfolio weight. They share 6 holdings (PHO holds 36 positions and SUSA holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and SUSA?
The two portfolios are 3.0% 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 SUSA?
The largest positions held by both funds are ECL, PNR, VLTO, XYL and WAT. Together the top 6 shared positions account for 100% of the total overlap.
What does PHO own that SUSA doesn't?
30 positions (64.9% of PHO) are unique to PHO, led by ROP, AWK and IEX. In the other direction, 164 positions (96.9% of SUSA) are unique to SUSA.