PHOvsAVMCETF Comparison
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Invesco Water Resources ETF (PHO) belongs to the Natural Resources segment. Avantis U.S. Mid Cap Equity ETF (AVMC) is part of the US Mid Cap segment. PHO's top 3 sector exposures are Industrials, Healthcare and Non-Energy Materials. In contrast, AVMC's top sector exposures are Finance, Industrials and Technology. PHO is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.18% for AVMC. PHO is down -3.02% year-to-date (YTD) with -$105M in YTD flows. AVMC performs better with 11.06% YTD performance, and +$209M in YTD flows. Run a side-by-side ETF comparison of PHO and AVMC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PHO vs AVMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PHO AVMC | -7.11%-3.76% | +3.63%+1.23% | -3.02%+11.06% | -3.49%+13.97% | +25.66%n/a | +19.34%n/a |
| Flows | PHO AVMC | -$30M+$21M | -$90M+$89M | -$105M+$209M | -$206M+$253M | -$333M- | -$416M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHO AVMC | +17.65%+11.33% | +15.97%+13.60% | +16.66%n/a | +18.45%n/a |
| Max drawdown | PHO AVMC | -7.22%-5.32% | -13.83%-7.92% | -19.26%n/a | -28.58%n/a |
| Max drawdown duration | PHO AVMC | 32d25d | 324d49d | 250dn/a | 715dn/a |
Trading data
PHO | AVMC | |
Last sale 9/11/2026 at 1:30 PM | $68.49 | $78.60 |
| Previous close 09/10/2026 | $68.07 | $77.87 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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AVMC
is actively managed and doesn’t replicate an indexPHO | AVMC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
PHO | AVMC | |
|---|---|---|
| Last price | $68.49 | $78.60 |
| 1D performance | +0.62% | +0.94% |
| AuM | $1.91 B | $492.18 M |
| E/R | 0.59% | 0.18% |
Characteristics
PHO | AVMC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | American Century Investments |
| Benchmark | NASDAQ OMX US Water Index | - |
| N° of holdings | 40 | 597 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 6, 2005 | November 8, 2023 |
| ESG | Yes | No |
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Exposure
Countries
PHO
USA
95.25%
Other
4.75%
AVMC
USA
95.06%
Other
4.94%
Sectors
PHO
Industrials
45.27%
Healthcare
17.07%
Non-Energy Materi.
15.54%
Technology
14.66%
Utilities
7.47%
Other
0%
AVMC
Finance
18.85%
Industrials
15.93%
Technology
13.26%
Healthcare
11.48%
Non-Energy Materi.
7.97%
Consumer Non-Cycl.
7.78%
Other
24.73%
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Diversification
PHO
Total weight of top 15 holdings out of 15
73.01%
AVMC
Total weight of top 15 holdings out of 15
9.07%
Top 15 holdings
Data as of July 31, 2026
PHO
Roper Technologies, Inc.
9.37%
Ecolab, Inc.
8.29%
Waters Corp.
6.69%
Ferguson Enterprises, Inc.
6.57%
IDEXX Laboratories, Inc.
6.51%
Veralto Corp.
4.49%
American Water Works Co., Inc.
4.19%
Xylem, Inc.
4.17%
Agilent Technologies, Inc.
3.87%
IDEX Corp.
3.61%
Jacobs Solutions, Inc.
3.33%
Pentair plc
3.17%
AECOM
3.01%
Trimble, Inc.
2.94%
Advanced Drainage Systems, Inc.
2.80%
AVMC
Western Digital Corp.
1.16%
Devon Energy Corp.
0.69%
Delta Air Lines, Inc.
0.63%
Nucor Corp.
0.60%
Comfort Systems USA, Inc.
0.57%
Cheniere Energy, Inc.
0.57%
State Street Corp.
0.57%
Vistra Corp.
0.55%
eBay, Inc.
0.55%
Ameriprise Financial, Inc.
0.55%
Fifth Third Bancorp
0.54%
Rockwell Automation, Inc.
0.54%
Teradyne, Inc.
0.53%
United Airlines Holdings, Inc.
0.52%
Prudential Financial, Inc.
0.52%
Frequently asked questions about PHO and AVMC
How have the PHO and AVMC ETFs performed in 2026?
As of September 10, 2026, PHO is down -3.02% year-to-date (YTD), while AVMC has returned 11.06%. That puts AVMC better performer ahead so far this year.
Which ETF is attracting more investor money: PHO or AVMC?
Year-to-date, the PHO ETF saw -$105M in flows, compared to +$209M for AVMC.
Which ETF is more volatile: PHO or AVMC?
Over the past year, PHO had a volatility of 15.97%, while AVMC experienced 13.6%.
Which ETF is bigger: PHO or AVMC?
As of September 10, 2026, PHO holds $1.91 B in assets under management (AUM), while AVMC manages $492.18 M.
What sectors do the PHO and AVMC ETFs invest in?
PHO leans toward sectors like Industrials, Healthcare and Non-Energy Materials. Meanwhile, AVMC focuses on Finance, Industrials and Technology.
What are the top holdings of the PHO ETF and AVMC ETF?
PHO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Waters Corp.. AVMC holds in its top three: Western Digital Corp., Devon Energy Corp. and Delta Air Lines, Inc..
Which ETF is more diversified: PHO or AVMC?
PHO holds 40 securities with 73.01% of its assets in the top 15. AVMC has 605 securities and a top 15 weight of 9.07%.
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