PHOvsFEMVETF Comparison
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Invesco Water Resources ETF (PHO) belongs to the Natural Resources segment. Fidelity Enhanced Mid Cap Value ETF (FEMV) is part of the US Multi-Factor segment. PHO's top 3 sector exposures are Industrials, Healthcare and Non-Energy Materials. In contrast, FEMV's top sector exposures are Finance, Industrials and Technology. PHO is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.23% for FEMV. Run a side-by-side ETF comparison of PHO and FEMV 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 FEMV 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 FEMV | -7.11%-3.01% | +3.63%+6.53% | -3.02%n/a | -3.49%n/a | +25.66%n/a | +19.34%n/a |
| Flows | PHO FEMV | -$30M- | -$90M+$1M | -$105M- | -$206M- | -$333M- | -$416M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHO FEMV | +17.65%+10.93% | +15.97%n/a | +16.66%n/a | +18.45%n/a |
| Max drawdown | PHO FEMV | -7.22%-4.16% | -13.83%n/a | -19.26%n/a | -28.58%n/a |
| Max drawdown duration | PHO FEMV | 32d25d | 324dn/a | 250dn/a | 715dn/a |
Trading data
PHO | FEMV | |
Last sale 9/11/2026 at 1:30 PM | $68.49 | $27.22 |
| Previous close 09/10/2026 | $68.07 | $26.97 |
| 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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FEMV
is actively managed and doesn’t replicate an indexPHO | FEMV | |
|---|---|---|
| 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 | FEMV | |
|---|---|---|
| Last price | $68.49 | $27.22 |
| 1D performance | +0.62% | +0.93% |
| AuM | $1.91 B | $6.74 M |
| E/R | 0.59% | 0.23% |
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Exposure
Countries
PHO
USA
95.25%
Other
4.75%
FEMV
USA
95.97%
Other
4.03%
Sectors
PHO
Industrials
45.27%
Healthcare
17.07%
Non-Energy Materi.
15.54%
Technology
14.66%
Utilities
7.47%
Other
0%
FEMV
Finance
23.51%
Industrials
15.02%
Technology
13.37%
Healthcare
10.25%
Non-Energy Materi.
9.24%
Other
28.61%
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Diversification
PHO
Total weight of top 15 holdings out of 15
73.01%
FEMV
Total weight of top 15 holdings out of 15
14.84%
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%
FEMV
Nucor Corp.
1.10%
Corteva, Inc.
1.05%
Digital Realty Trust, Inc.
1.03%
The Allstate Corp.
1.01%
Kinder Morgan, Inc.
1.01%
Ford Motor Co.
1.01%
State Street Corp.
1.00%
Westinghouse Air Brake Technologies Corp.
1.00%
IQVIA Holdings, Inc.
0.99%
AMETEK, Inc.
0.98%
L3Harris Technologies, Inc.
0.97%
Electronic Arts, Inc.
0.94%
eBay, Inc.
0.93%
Marathon Petroleum Corp.
0.93%
United Airlines Holdings, Inc.
0.90%
Frequently asked questions about PHO and FEMV
Which ETF is bigger: PHO or FEMV?
As of September 10, 2026, PHO holds $1.91 B in assets under management (AUM), while FEMV manages $6.74 M.
What sectors do the PHO and FEMV ETFs invest in?
PHO leans toward sectors like Industrials, Healthcare and Non-Energy Materials. Meanwhile, FEMV focuses on Finance, Industrials and Technology.
What are the top holdings of the PHO ETF and FEMV ETF?
PHO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Waters Corp.. FEMV holds in its top three: Nucor Corp., Corteva, Inc. and Digital Realty Trust, Inc..
Which ETF is more diversified: PHO or FEMV?
PHO holds 40 securities with 73.01% of its assets in the top 15. FEMV has 239 securities and a top 15 weight of 14.84%.
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Latest news about PHO & FEMV
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