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PHOvsIQSMETF Comparison

ETF 1

PHO

Invesco Water Resources ETF

This fund is part of

Natural Resources

-0.23%

Full PHO fund page

VS

ETF 2

IQSM

NYLI Candriam U.S. Mid Cap Equity ETF

This fund is part of

US Mid Cap

+0.06%

Full IQSM fund page

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, Utilities and Information Technology. In contrast, IQSM's top sector exposures are Industrials, Information Technology and Health Care. PHO is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.16% for IQSM. PHO is down -1.26% year-to-date (YTD) with -$5M in YTD flows. IQSM performs better with 8.23% YTD performance, and +$91M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PHO IQSM	+3.77%+8.38%	-6.15%+2.05%	-1.26%+8.23%	+8.11%+32.62%	+32.78%+44.84%	+35.34%n/a
Flows	PHO IQSM	-$13M+$17M	+$3M+$92M	-$5M+$91M	-$136M+$69M	-$228M+$250M	-$50M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PHO IQSM	+16.55%+18.30%	+15.35%+15.61%	+16.24%+17.51%	+18.22%n/a
Max drawdown	PHO IQSM	-11.58%-8.92%	-11.99%-8.92%	-19.26%-23.67%	-28.58%n/a
Max drawdown duration	PHO IQSM	75d49d	185d49d	250d379d	715dn/a

Trading data

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	PHO	IQSM
Last sale 4/24/2026 at 1:30 PM	$69.34	$37.31
Previous close 04/23/2026	$69.80	$37.20
Consolidated volume 04/23/2026
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	IQSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/24/2026 at 1:30 PM

Live

Closed

	PHO	IQSM
Last price	$69.34	$37.31
1D performance	-0.66%	+0.28%
AuM	$2.06 B	$317.91 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	34	221
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 6, 2005	October 25, 2022
ESG	Yes	Yes

More PHO data on Trackinsight

More IQSM data on Trackinsight

Exposure

Countries

PHO

USA

94.98%

Other

5.02%

IQSM

USA

87.19%

Other

12.81%

Sectors

PHO

Industrials

42.81%

Utilities

14.14%

Information Techn.

13.87%

Materials

8.45%

Health Care

8.03%

Other

12.7%

IQSM

Industrials

19.3%

Information Techn.

14.71%

Health Care

13.53%

Financials

12.44%

Consumer Discreti.

9.5%

Real Estate

8.8%

Other

21.73%

Diversification

PHO

Total weight of top 15 holdings out of 15

76.72%

IQSM

Total weight of top 15 holdings out of 15

13.8%

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%

IQSM

TECHNIPFMC PLC

1.28%

UTD THERAPEUT

1.17%

XPO LOGISTICS

1.03%

ALBEMARLE

0.96%

MICHAEL STORES

0.95%

FABRINET

0.92%

BURLINGTON STORES

0.91%

US FOODS HOLDING CORP

0.89%

NVENT ELECTRIC PLC

0.87%

CH ROBINSON WW

0.85%

MODERNA INC

0.81%

TWILIO

0.79%

REVOLUTION MEDICINES INC

0.79%

ALCOA CORP

0.78%

YUM CHINA HOLDINGS

0.78%

Frequently asked questions about PHO and IQSM

How have the PHO and IQSM ETFs performed in 2026?

As of April 24, 2026, PHO is down -1.26% year-to-date (YTD), while IQSM has returned 8.23%. 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 -$5M in flows, compared to +$91M for IQSM.

Which ETF is more volatile: PHO or IQSM?

Over the past year, PHO had a volatility of 15.35%, while IQSM experienced 15.61%.

Which ETF is bigger: PHO or IQSM?

As of April 24, 2026, PHO holds $2.06 B in assets under management (AUM), while IQSM manages $317.91 M.

What sectors do the PHO and IQSM ETFs invest in?

PHO leans toward sectors like Industrials, Utilities and Information Technology. Meanwhile, IQSM focuses on Industrials, Information Technology and Health Care.

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

PHO top holdings include ROPER TECHNOLOGIES INC, WATERS and AMERICAN WATER WORKS. IQSM holds in its top three: TECHNIPFMC PLC, UTD THERAPEUT and XPO LOGISTICS.

Which ETF is more diversified: PHO or IQSM?

PHO holds 36 securities with 76.72% of its assets in the top 15. IQSM has 227 securities and a top 15 weight of 13.8%.

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PHO

PHOvsIQSMETF Comparison

Invesco Water Resources ETF

NYLI Candriam U.S. Mid Cap Equity ETF

PHO vs IQSM 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 IQSM ETFs performed in 2026?

As of April 24, 2026, PHO is down -1.26% year-to-date (YTD), while IQSM has returned 8.23%. 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 -$5M in flows, compared to +$91M for IQSM.

Which ETF is more volatile: PHO or IQSM?

Over the past year, PHO had a volatility of 15.35%, while IQSM experienced 15.61%.

Which ETF is bigger: PHO or IQSM?

As of April 24, 2026, PHO holds $2.06 B in assets under management (AUM), while IQSM manages $317.91 M.

What sectors do the PHO and IQSM ETFs invest in?

PHO leans toward sectors like Industrials, Utilities and Information Technology. Meanwhile, IQSM focuses on Industrials, Information Technology and Health Care.

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

PHO top holdings include ROPER TECHNOLOGIES INC, WATERS and AMERICAN WATER WORKS. IQSM holds in its top three: TECHNIPFMC PLC, UTD THERAPEUT and XPO LOGISTICS.

Which ETF is more diversified: PHO or IQSM?

PHO holds 36 securities with 76.72% of its assets in the top 15. IQSM has 227 securities and a top 15 weight of 13.8%.

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