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PHOvsCVMCETF Comparison

ETF 1

PHO

Invesco Water Resources ETF

This fund is part of

Natural Resources

-0.42%

Full PHO fund page

VS

ETF 2

CVMC

Calvert US Mid-Cap Core Responsible Index ETF

This fund is part of

US Mid Cap

+0.07%

Full CVMC fund page

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, Utilities and Information Technology. In contrast, CVMC's top sector exposures are Industrials, Information Technology and Financials. PHO is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.15% for CVMC. PHO is down -1.26% year-to-date (YTD) with -$5M in YTD flows. CVMC performs better with 8.73% YTD performance, and -$6M 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

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Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHO CVMC	+3.77%+8.20%	-6.15%+4.25%	-1.26%+8.73%	+8.11%+27.27%	+32.78%+48.61%	+35.34%n/a
Flows	PHO CVMC	-$13M-$3M	+$3M-$3M	-$5M-$6M	-$136M+$6M	-$228M+$44M	-$50M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHO CVMC	+16.55%+16.87%	+15.35%+14.26%	+16.24%+16.09%	+18.22%n/a
Max drawdown	PHO CVMC	-11.58%-9.34%	-11.99%-9.34%	-19.26%-21.43%	-28.58%n/a
Max drawdown duration	PHO CVMC	75d49d	185d49d	250d269d	715dn/a

Trading data

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	PHO	CVMC
Last sale 4/27/2026 at 1:30 PM	$69.34	$69.43
Previous close 04/24/2026	$69.34	$69.49
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 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

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	PHO	CVMC
Last price	$69.34	$69.43
1D performance	+0.00%	-0.09%
AuM	$2.06 B	$86.88 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	34	573
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 6, 2005	February 1, 2023
ESG	Yes	Yes

More PHO data on Trackinsight

More CVMC data on Trackinsight

Exposure

Countries

PHO

USA

94.98%

Other

5.02%

CVMC

USA

90.01%

Other

9.99%

Sectors

PHO

Industrials

42.81%

Utilities

14.14%

Information Techn.

13.87%

Materials

8.45%

Health Care

8.03%

Other

12.7%

CVMC

Industrials

18.82%

Information Techn.

15.96%

Financials

12.83%

Consumer Discreti.

9.87%

Health Care

9.87%

Other

32.65%

Diversification

PHO

Total weight of top 15 holdings out of 15

76.72%

CVMC

Total weight of top 15 holdings out of 15

10.27%

Top 15 holdings

Data as of March 31, 2026

PHO

ROPER TECHNOLOGIES INC

8.73%

WATERS

8.03%

AMERICAN WATER WORKS

7.77%

US31488V1070

7.64%

ECOLAB

7.52%

XYLEM

4.02%

IDEX

3.95%

CORE & MAIN

3.94%

US92338C1036

3.87%

AECOM

3.87%

PENTAIR PLC

3.80%

ESSENTIAL UTILITIES INC

3.71%

MUELLER INDUSTRIES

3.67%

A O SMITH

3.11%

TETRA TECH

3.10%

CVMC

CORNING

0.95%

VERTIV HOLDINGS

0.85%

WESTERN DIGITAL

0.82%

MARVELL TECHNOLOGY

0.80%

SEAGATE TECHNOLOGY HOLDINGS PLC

0.77%

QUANTA SERVICES

0.74%

CUMMINS

0.68%

ROSS STORES

0.64%

WARNER BROS. DISCOVERY

0.62%

GENERAL MOTORS

0.62%

BAKER HUGHES

0.57%

IE000IVNQZ81

0.57%

PACCAR

0.56%

TRUIST FINANCIAL CORP

0.54%

REALTY INCOME REIT

0.54%

Frequently asked questions about PHO and CVMC

How have the PHO and CVMC ETFs performed in 2026?

As of April 24, 2026, PHO is down -1.26% year-to-date (YTD), while CVMC has returned 8.73%. 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 -$5M in flows, compared to -$6M for CVMC.

Which ETF is more volatile: PHO or CVMC?

Over the past year, PHO had a volatility of 15.35%, while CVMC experienced 14.26%.

Which ETF is bigger: PHO or CVMC?

As of April 24, 2026, PHO holds $2.06 B in assets under management (AUM), while CVMC manages $86.88 M.

What sectors do the PHO and CVMC ETFs invest in?

PHO leans toward sectors like Industrials, Utilities and Information Technology. Meanwhile, CVMC focuses on Industrials, Information Technology and Financials.

What are the top holdings of the PHO ETF and CVMC ETF?

PHO top holdings include ROPER TECHNOLOGIES INC, WATERS and AMERICAN WATER WORKS. CVMC holds in its top three: CORNING, VERTIV HOLDINGS and WESTERN DIGITAL.

Which ETF is more diversified: PHO or CVMC?

PHO holds 36 securities with 76.72% of its assets in the top 15. CVMC has 586 securities and a top 15 weight of 10.27%.

There's an ETF for that? The 3 Best ETFs for Investing in Water

January 17, 2024

PHO

3 Water ETFs for Thirsty Investors

February 3, 2023

PHO

PHOvsCVMCETF Comparison

Invesco Water Resources ETF

Calvert US Mid-Cap Core Responsible Index ETF

PHO vs CVMC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PHO and CVMC ETFs performed in 2026?

As of April 24, 2026, PHO is down -1.26% year-to-date (YTD), while CVMC has returned 8.73%. 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 -$5M in flows, compared to -$6M for CVMC.

Which ETF is more volatile: PHO or CVMC?

Over the past year, PHO had a volatility of 15.35%, while CVMC experienced 14.26%.

Which ETF is bigger: PHO or CVMC?

As of April 24, 2026, PHO holds $2.06 B in assets under management (AUM), while CVMC manages $86.88 M.

What sectors do the PHO and CVMC ETFs invest in?

PHO leans toward sectors like Industrials, Utilities and Information Technology. Meanwhile, CVMC focuses on Industrials, Information Technology and Financials.

What are the top holdings of the PHO ETF and CVMC ETF?

PHO top holdings include ROPER TECHNOLOGIES INC, WATERS and AMERICAN WATER WORKS. CVMC holds in its top three: CORNING, VERTIV HOLDINGS and WESTERN DIGITAL.

Which ETF is more diversified: PHO or CVMC?

PHO holds 36 securities with 76.72% of its assets in the top 15. CVMC has 586 securities and a top 15 weight of 10.27%.

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