PHO vs VTI: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
VTIVanguard Total Stock Market Index Fund
Vanguard · 3505 holdings · $696.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (PHO: 2026-04-30, VTI: 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 VTI?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; Vanguard Total Stock Market Index Fund (VTI, by Vanguard) holds 3505. They have 34 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 34PHO holds 36 · VTI holds 3505
- Weight in Shared Holdings
- PHO 98%·VTI 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
2 of 36 positions (2.5% of the fund) are not held by VTI.
Sector Breakdown
| Sector | PHO | VTI |
|---|---|---|
| Industrials | 55.4% | 10.4% |
| Information Technology | 13.0% | 30.5% |
| Utilities | 12.8% | 2.5% |
| Financials | 0.0% | 12.7% |
| Health Care | 8.2% | 10.0% |
| Other Sectors | 8.1% | 33.2% |
| Unclassified | 2.5% | 0.3% |
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 VTI).
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% |
| VTI | +3.3% | +14.6% | +24.2% | +20.9% | +12.3% | +14.9% | 1.02% |
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 VTI →
Shared Holdings(34)
The top 10 shared positions account for 73% of the overlap, led by ECL, FERG and ROP.
 ECLEcolab Inc. COM | 7.14% | 0.11% | 0.11% |
|---|---|---|---|
 FERGFerguson Enterprises Inc COMMON STOCK NEW | 8.68% | 0.07% | 0.07% |
 ROPRoper Technologies Inc COM | 8.57% | 0.06% | 0.06% |
 WATWaters Corporation COM | 8.18% | 0.05% | 0.05% |
 XYLXylem, Inc. COM | 3.85% | 0.05% | 0.05% |
 AWKAmerican Water Works Company, Inc. COM | 6.95% | 0.04% | 0.04% |
 VLTOVeralto Corp. COM SHS | 3.83% | 0.03% | 0.03% |
 PNRPentair PLC COM USD0.01 | 3.44% | 0.02% | 0.02% |
 IEXIdex Corporation COM | 4.39% | 0.02% | 0.02% |
 MLIMueller Industries Inc. COM | 4.37% | 0.02% | 0.02% |
 WTRGEssential Utilities Inc COM | 3.35% | 0.02% | 0.02% |
 ACMAECOM | 3.63% | 0.02% | 0.02% |
 WMSAdvanced Drainage System Inc COM | 3.25% | 0.02% | 0.02% |
 CNMCore & Main, Inc., Class A | 3.93% | 0.01% | 0.01% |
 WTSWatts Water Technologies, Inc., Class A | 1.92% | 0.01% | 0.01% |
 TTEKTetra Tech Inc COM | 3.21% | 0.01% | 0.01% |
 AOSSmith(Ao)Corp COM | 2.85% | 0.01% | 0.01% |
 VMIValmont Industries, Inc. COM | 2.58% | 0.01% | 0.01% |
 ZWSZurn Elkay Water Solutions Corporation COM | 1.78% | 0.01% | 0.01% |
 BMIBadger Meter Inc COM | 1.78% | 0.01% | 0.01% |
 MWAMueller Water Products, Inc. COM SER A | 1.17% | 0.01% | 0.01% |
 ITRIItron, Inc. COM | 2.70% | 0.01% | 0.01% |
 FELEFranklin Electric Co Inc COM | 1.33% | 0.01% | 0.01% |
 AWRAmerican States Water Co. COM | 0.70% | 0.00% | 0.00% |
 HWKNHawkins Inc COM | 0.98% | 0.00% | 0.00% |
Frequently Asked Questions
How much do PHO and VTI overlap?
PHO and VTI overlap by 0.7% of portfolio weight. They share 34 holdings (PHO holds 36 positions and VTI holds 3505), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and VTI?
The two portfolios are 0.7% 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 VTI?
The largest positions held by both funds are ECL, FERG, ROP, WAT and XYL. Together the top 10 shared positions account for 73% of the total overlap.
What does PHO own that VTI doesn't?
2 positions (2.5% of PHO) are unique to PHO, led by SBS and STN. In the other direction, 3471 positions (99.0% of VTI) are unique to VTI.