IVV vs PHO
iShares Core S&P 500 ETF vs Invesco Water Resources ETF
Which is better, IVV or PHO?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | PHO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.59% |
| AUM | $876.4B | $2.0B |
| Dividend Yield | 1.06% | 0.57% |
| Holdings | 508 | 42 |
| YTD Return | +13.32%Best | -2.62% |
| 1Y Return | +17.08%Best | -3.51% |
| 3Y Return (annualized) | +22.72%Best | +9.46% |
| 5Y Return (annualized) | +13.20%Best | +4.27% |
| Volatility (annualized) | 15.1%Best | 18.8% |
| Max Drawdown | -56.5% | -55.8%Best |
| $10,000 over 5 years | $18,588Best | $12,325 |
| Top 10 Weight | 37.8%Best | 58.3% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Dec 6, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Dec 6, 2005 to Sep 23, 2026 (20.8 years).
IVV vs PHO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.8 years both funds cover.
IVV vs PHO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Water Resources ETF (PHO) is an ETF from Invesco (US). Over the past year IVV returned +17.08% while PHO returned -3.51%. Year to date, IVV is up 13.32% versus a loss of 2.62% for PHO.
Over three years, IVV compounded at +22.72% per year against +9.46% for PHO; over five years the annualized figures are +13.20% and +4.27% respectively. Across the full 21-year window we track, IVV has the edge at +9.49% annualized vs +7.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PHO has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -55.8% for PHO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PHO charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.57% for PHO.
Holdings Overlap
0.6% of IVV's money is in holdings PHO also owns. 63.5% of PHO's money is in holdings IVV also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 490 positions we hold weights for in IVV and 41 in PHO, against full books of 508 and 42.
What only one of them owns
Our book lists 27 positions for PHO that do not appear in our book for IVV (35.1% of the fund), and 470 for IVV that do not appear in PHO (98.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PHO | Difference |
|---|---|---|---|
| ROPRoper Technologies Inc. | 0.06% | 9.70% | 9.64% |
| ECLEcolab, Inc. | 0.11% | 8.23% | 8.12% |
| WATWaters Corp. | 0.06% | 7.27% | 7.21% |
| FERGFerguson Enterprises | 0.07% | 6.51% | 6.44% |
| IDXXIdexx Labs | 0.07% | 6.32% | 6.25% |
| VLTOVeralto Corp | 0.04% | 4.46% | 4.42% |
| AWKAmerican Water Works Co. Inc. | 0.04% | 4.20% | 4.16% |
| XYLXylem,Inc. | 0.04% | 3.75% | 3.71% |
| JJacobs Engineering Group Inc. | 0.03% | 3.64% | 3.61% |
| IEXI D E X Corporation | 0.03% | 3.58% | 3.55% |
63.5% of PHO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PHO?
IVV has an expense ratio of 0.03% while PHO charges 0.59%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, IVV or PHO?
Over the past year IVV returned +17.08% vs -3.51% for PHO, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +9.49% vs +7.57% for PHO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PHO?
PHO has been the more volatile fund at 18.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PHO -55.8%.
Should I hold both IVV and PHO?
IVV and PHO have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PHO?
63.5% of PHO's money is in holdings IVV also owns. 63.5% of PHO's is in holdings IVV also owns. They hold 12 positions in common, counted across the 490 positions we hold weights for in IVV and 41 in PHO.
Which pays a higher dividend, IVV or PHO?
IVV yields 1.06% while PHO yields 0.57%, so IVV currently pays the higher dividend yield.
Is PHO better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 58.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.