PHO vs VHT: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
VHTVanguard Health Care Index Fund
Vanguard · 402 holdings · $18.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (PHO: 2026-04-30, VHT: 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 VHT?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; Vanguard Health Care Index Fund (VHT, by Vanguard) holds 402. They have 1 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1PHO holds 36 · VHT holds 402
- Weight in Shared Holdings
- PHO 8%·VHT 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
35 of 36 positions (91.8% of the fund) are not held by VHT. Showing the top 30 by weight.
Sector Breakdown
| Sector | PHO | VHT |
|---|---|---|
| Health Care | 8.2% | 99.8% |
| Industrials | 55.4% | 0.0% |
| Information Technology | 13.0% | 0.0% |
| Utilities | 12.8% | 0.0% |
| Materials | 8.1% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| 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 VHT).
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% |
| VHT | +0.6% | +9.2% | +32.8% | +10.0% | +5.4% | +10.2% | 1.51% |
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 VHT →
Shared Holdings(1)
 WATWaters Corporation COM | 8.18% | 0.60% | 0.60% |
|---|
Frequently Asked Questions
How much do PHO and VHT overlap?
PHO and VHT overlap by 0.6% of portfolio weight. They share 1 holdings (PHO holds 36 positions and VHT holds 402), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and VHT?
The two portfolios are 0.6% 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 VHT?
The largest positions held by both funds are WAT. Together the top 1 shared positions account for 99% of the total overlap.
What does PHO own that VHT doesn't?
35 positions (91.8% of PHO) are unique to PHO, led by FERG, ROP and ECL. In the other direction, 401 positions (99.2% of VHT) are unique to VHT.