XLU vs PHO: Holdings Overlap
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
Holdings snapshots are 98 days apart (XLU: 2026-08-06, PHO: 2026-04-30). 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 XLU and PHO?
State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 1 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1XLU holds 31 · PHO holds 36
- Weight in Shared Holdings
- XLU 2%·PHO 7%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 XLU
30 of 31 positions (97.7% of the fund) are not held by PHO.
Sector Breakdown
| Sector | XLU | PHO |
|---|---|---|
| Utilities | 99.7% | 12.8% |
| Industrials | 0.0% | 55.4% |
| Information Technology | 0.0% | 13.0% |
| Health Care | 0.0% | 8.2% |
| Materials | 0.0% | 8.1% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 2.5% |
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 (0% of XLU, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| XLU | -4.6% | +3.5% | +3.6% | +14.3% | +8.5% | +9.0% | 2.74% |
| PHO | +5.7% | +4.5% | +3.2% | +8.8% | +5.6% | +12.2% | 0.55% |
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 XLU vs PHO →
Shared Holdings(1)
 AWKAmerican Water Works Company, Inc. COM | 1.94% | 6.95% | 1.94% |
|---|
Frequently Asked Questions
How much do XLU and PHO overlap?
XLU and PHO overlap by 1.9% of portfolio weight. They share 1 holdings (XLU holds 31 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLU and PHO?
The two portfolios are 1.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of XLU and PHO?
The largest positions held by both funds are AWK. Together the top 1 shared positions account for 100% of the total overlap.
What does XLU own that PHO doesn't?
30 positions (97.7% of XLU) are unique to XLU, led by NEE, SO and DUK. In the other direction, 35 positions (93.0% of PHO) are unique to PHO.