PHOvsIQSMETF Comparison
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Invesco Water Resources ETF (PHO) belongs to the Natural Resources segment. NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) is part of the US Mid Cap segment. PHO's top 3 sector exposures are Industrials, Healthcare and Non-Energy Materials. In contrast, IQSM's top sector exposures are Finance, Technology and Industrials. PHO is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.16% for IQSM. PHO is down -3.02% year-to-date (YTD) with -$105M in YTD flows. IQSM performs better with 13.82% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of PHO and IQSM 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 IQSM 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 IQSM | -7.11%-3.05% | +3.63%+4.21% | -3.02%+13.82% | -3.49%+16.18% | +25.66%+45.54% | +19.34%n/a |
| Flows | PHO IQSM | -$30M+$7M | -$90M+$6M | -$105M+$95M | -$206M+$81M | -$333M+$90M | -$416M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHO IQSM | +17.65%+13.23% | +15.97%+14.98% | +16.66%+17.37% | +18.45%n/a |
| Max drawdown | PHO IQSM | -7.22%-4.07% | -13.83%-8.92% | -19.26%-23.67% | -28.58%n/a |
| Max drawdown duration | PHO IQSM | 32d25d | 324d49d | 250d379d | 715dn/a |
Trading data
PHO | IQSM | |
Last sale 9/11/2026 at 1:30 PM | $68.49 | $39.24 |
| Previous close 09/10/2026 | $68.07 | $39.60 |
| 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 | IQSM | |
|---|---|---|
| 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 | IQSM | |
|---|---|---|
| Last price | $68.49 | $39.24 |
| 1D performance | +0.62% | -0.90% |
| AuM | $1.91 B | $337.37 M |
| E/R | 0.59% | 0.16% |
Characteristics
PHO | IQSM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | New York Life Investments |
| Benchmark | NASDAQ OMX US Water Index | NYLI Candriam U.S. Mid Cap Equity Index |
| N° of holdings | 40 | 244 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 6, 2005 | October 25, 2022 |
| ESG | Yes | Yes |
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Exposure
Countries
PHO
USA
95.25%
Other
4.75%
IQSM
USA
93.56%
Other
6.44%
Sectors
PHO
Industrials
45.27%
Healthcare
17.07%
Non-Energy Materi.
15.54%
Technology
14.66%
Utilities
7.47%
Other
0%
IQSM
Finance
23.17%
Technology
17.79%
Industrials
16.25%
Healthcare
15%
Non-Energy Materi.
8.14%
Other
19.64%
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Diversification
PHO
Total weight of top 15 holdings out of 15
73.01%
IQSM
Total weight of top 15 holdings out of 15
12.74%
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%
IQSM
Revolution Medicines, Inc.
1.32%
Twilio, Inc.
1.01%
nVent Electric Plc
0.93%
Burlington Stores, Inc.
0.93%
US Foods Holding Corp.
0.92%
Okta, Inc.
0.90%
F5, Inc.
0.88%
Guardant Health, Inc.
0.83%
Viatris, Inc.
0.78%
MKS, Inc.
0.76%
Moderna, Inc.
0.71%
Roku, Inc.
0.71%
TD SYNNEX Corp.
0.71%
Ball Corp.
0.69%
Kimco Realty Corp.
0.68%
Frequently asked questions about PHO and IQSM
How have the PHO and IQSM ETFs performed in 2026?
As of September 10, 2026, PHO is down -3.02% year-to-date (YTD), while IQSM has returned 13.82%. That puts IQSM better performer ahead so far this year.
Which ETF is attracting more investor money: PHO or IQSM?
Year-to-date, the PHO ETF saw -$105M in flows, compared to +$95M for IQSM.
Which ETF is more volatile: PHO or IQSM?
Over the past year, PHO had a volatility of 15.97%, while IQSM experienced 14.98%.
Which ETF is bigger: PHO or IQSM?
As of September 10, 2026, PHO holds $1.91 B in assets under management (AUM), while IQSM manages $337.37 M.
What sectors do the PHO and IQSM ETFs invest in?
PHO leans toward sectors like Industrials, Healthcare and Non-Energy Materials. Meanwhile, IQSM focuses on Finance, Technology and Industrials.
What are the top holdings of the PHO ETF and IQSM ETF?
PHO top holdings include Roper Technologies, Inc., Ecolab, Inc. and Waters Corp.. IQSM holds in its top three: Revolution Medicines, Inc., Twilio, Inc. and nVent Electric Plc.
Which ETF is more diversified: PHO or IQSM?
PHO holds 40 securities with 73.01% of its assets in the top 15. IQSM has 246 securities and a top 15 weight of 12.74%.
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