PHOvsCVMCETF Comparison
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Invesco Water Resources ETF (PHO) belongs to the Natural Resources segment. Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is part of the US Mid Cap segment. PHO's top 3 sector exposures are Industrials, Healthcare and Non-Energy Materials. In contrast, CVMC's top sector exposures are Finance, Industrials and Technology. PHO is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.15% for CVMC. PHO is down -3.02% year-to-date (YTD) with -$105M in YTD flows. CVMC performs better with 16.85% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of PHO and CVMC 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 CVMC 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 CVMC | -7.11%-4.33% | +3.63%+4.00% | -3.02%+16.85% | -3.49%+19.62% | +25.66%+55.97% | +19.34%n/a |
| Flows | PHO CVMC | -$30M+$8M | -$90M+$8M | -$105M+$8M | -$206M+$15M | -$333M+$56M | -$416M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHO CVMC | +17.65%+12.36% | +15.97%+14.41% | +16.66%+16.10% | +18.45%n/a |
| Max drawdown | PHO CVMC | -7.22%-5.59% | -13.83%-9.34% | -19.26%-21.43% | -28.58%n/a |
| Max drawdown duration | PHO CVMC | 32d28d | 324d49d | 250d269d | 715dn/a |
Trading data
PHO | CVMC | |
Last sale 9/11/2026 at 1:30 PM | $68.49 | $75.22 |
| Previous close 09/10/2026 | $68.07 | $74.50 |
| 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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PHO | CVMC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
PHO | CVMC | |
|---|---|---|
| Last price | $68.49 | $75.22 |
| 1D performance | +0.62% | +0.97% |
| AuM | $1.91 B | $107.98 M |
| E/R | 0.59% | 0.15% |
Characteristics
PHO | CVMC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Morgan Stanley |
| Benchmark | NASDAQ OMX US Water Index | Calvert US Mid-Cap Core Responsible Index |
| N° of holdings | 40 | 593 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 6, 2005 | February 1, 2023 |
| ESG | Yes | Yes |
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Exposure
Countries
PHO
USA
95.25%
Other
4.75%
CVMC
USA
96.88%
Other
3.12%
Sectors
PHO
Industrials
45.27%
Healthcare
17.07%
Non-Energy Materi.
15.54%
Technology
14.66%
Utilities
7.47%
Other
0%
CVMC
Finance
25.78%
Industrials
16.75%
Technology
14.89%
Healthcare
12.97%
Other
29.61%
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Diversification
PHO
Total weight of top 15 holdings out of 15
73.01%
CVMC
Total weight of top 15 holdings out of 15
7.89%
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%
CVMC
PACCAR, Inc.
0.60%
Target Corp.
0.56%
Arthur J. Gallagher & Co.
0.56%
Hewlett Packard Enterprise Co.
0.56%
Dominion Energy, Inc.
0.53%
W.W. Grainger, Inc.
0.52%
Realty Income Corp.
0.52%
Aflac, Inc.
0.52%
Nucor Corp.
0.51%
Sempra
0.51%
Delta Air Lines, Inc.
0.51%
Teradyne, Inc.
0.50%
Public Storage
0.50%
AMETEK, Inc.
0.49%
Rockwell Automation, Inc.
0.48%
Frequently asked questions about PHO and CVMC
How have the PHO and CVMC ETFs performed in 2026?
As of September 10, 2026, PHO is down -3.02% year-to-date (YTD), while CVMC has returned 16.85%. That puts CVMC better performer ahead so far this year.
Which ETF is attracting more investor money: PHO or CVMC?
Year-to-date, the PHO ETF saw -$105M in flows, compared to +$8M for CVMC.
Which ETF is more volatile: PHO or CVMC?
Over the past year, PHO had a volatility of 15.97%, while CVMC experienced 14.41%.
Which ETF is bigger: PHO or CVMC?
As of September 10, 2026, PHO holds $1.91 B in assets under management (AUM), while CVMC manages $107.98 M.
What sectors do the PHO and CVMC ETFs invest in?
PHO leans toward sectors like Industrials, Healthcare and Non-Energy Materials. Meanwhile, CVMC focuses on Finance, Industrials and Technology.
What are the top holdings of the PHO ETF and CVMC ETF?
PHO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Waters Corp.. CVMC holds in its top three: PACCAR, Inc., Target Corp. and Arthur J. Gallagher & Co..
Which ETF is more diversified: PHO or CVMC?
PHO holds 40 securities with 73.01% of its assets in the top 15. CVMC has 593 securities and a top 15 weight of 7.89%.
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