PHO vs XMMO: Holdings Overlap
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
XMMOInvesco S&P MidCap Momentum ETF
Invesco · 76 holdings · $7.2B · as of 2026-04-30
How similar are PHO and XMMO?
Invesco Water Resources ETF (PHO, by Invesco) holds 36 positions; Invesco S&P MidCap Momentum ETF (XMMO, by Invesco) holds 76. They have 3 holdings in common, and by portfolio weight the two funds are 3.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3PHO holds 36 · XMMO holds 76
- Weight in Shared Holdings
- PHO 9%·XMMO 4%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
33 of 36 positions (91.1% of the fund) are not held by XMMO. Showing the top 30 by weight.
Sector Breakdown
| Sector | PHO | XMMO |
|---|---|---|
| Industrials | 55.4% | 40.3% |
| Information Technology | 13.0% | 15.0% |
| Utilities | 12.8% | 6.4% |
| Health Care | 8.2% | 6.3% |
| Materials | 8.1% | 7.9% |
| Other Sectors | 0.0% | 23.8% |
| 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 XMMO).
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% |
| XMMO | +1.1% | +17.4% | +26.1% | +25.9% | +14.3% | +18.6% | 0.60% |
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 XMMO →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by MLI, WTS and VMI.
Frequently Asked Questions
How much do PHO and XMMO overlap?
PHO and XMMO overlap by 3.6% of portfolio weight. They share 3 holdings (PHO holds 36 positions and XMMO holds 76), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PHO and XMMO?
The two portfolios are 3.6% 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 XMMO?
The largest positions held by both funds are MLI, WTS and VMI. Together the top 3 shared positions account for 100% of the total overlap.
What does PHO own that XMMO doesn't?
33 positions (91.1% of PHO) are unique to PHO, led by FERG, ROP and WAT. In the other direction, 73 positions (96.0% of XMMO) are unique to XMMO.