PHO vs QQQ
Invesco Water Resources ETF vs Invesco QQQ Trust, Series 1
Which is better, PHO or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.1%.
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 | PHO | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $2.0B | $486.1B |
| Dividend Yield | 0.58% | 0.44% |
| Holdings | 42 | 107 |
| YTD Return | -0.11% | +17.54%Best |
| 1Y Return | -3.09% | +25.59%Best |
| 3Y Return (annualized) | +8.55% | +24.63%Best |
| 5Y Return (annualized) | +4.23% | +14.18%Best |
| Volatility (annualized) | 18.7% | 18.5%Best |
| Max Drawdown | -55.8% | -53.5%Best |
| $10,000 over 5 years | $12,302 | $19,407Best |
| Top 10 Weight | 57.1% | 46.5%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Dec 6, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 6, 2005 to Sep 4, 2026 (20.7 years).
PHO vs QQQ 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 20.7 years both funds cover.
PHO vs QQQ Performance
Invesco Water Resources ETF (PHO) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PHO returned -3.09% while QQQ returned +25.59%. Year to date, PHO is down 0.11% versus a gain of 17.54% for QQQ.
Over three years, PHO compounded at +8.55% per year against +24.63% for QQQ; over five years the annualized figures are +4.23% and +14.18% respectively. Across the full 21-year window we track, QQQ has the edge at +14.86% annualized vs +7.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PHO has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 18.5% for QQQ. 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 -55.8% for PHO and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PHO charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, PHO currently yields 0.58% against 0.44% for QQQ.
Holdings Overlap
15.3% of PHO's money is in holdings QQQ also owns. 0.4% of QQQ's money is in holdings PHO also owns.
PHO and QQQ share little of their money.
2 positions in common, counted across the 41 positions we hold weights for in PHO and 102 in QQQ, against full books of 42 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for PHO (97.2% of the fund), and 37 for PHO that do not appear in QQQ (83.2%).
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.
You are not choosing between two funds in isolation.
Whichever of PHO and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PHO or QQQ?
PHO has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, PHO or QQQ?
Over the past year PHO returned -3.09% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), PHO annualized +7.72% vs +14.86% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PHO or QQQ?
PHO has been the more volatile fund at 18.7% annualized versus 18.5% for QQQ. Worst drawdown: PHO -55.8% vs QQQ -53.5%.
Should I hold both PHO and QQQ?
PHO and QQQ have a monthly-return correlation of 0.76, 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 PHO and QQQ?
15.3% of PHO's money is in holdings QQQ also owns. 0.4% of QQQ's is in holdings PHO also owns. They hold 2 positions in common, counted across the 41 positions we hold weights for in PHO and 102 in QQQ.
Which pays a higher dividend, PHO or QQQ?
PHO yields 0.58% while QQQ yields 0.44%, so PHO currently pays the higher dividend yield.
Is QQQ better than PHO?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.