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ETF comparison

PHO vs XLK

Thematic vs Technology.

Invesco Water Resources ETF · State Street Technology Select Sector SPDR ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.3 %

1 positions appear in both funds. Buying equal dollars of PHO and XLK would leave roughly 0.3% of each dollar exposed to the same underlying securities.

PHO only 99.7% Shared 0.3% XLK only 99.6%
In PHO only
36 positions
Shared
1 positions
In XLK only
73 positions

Side by side

PHO

Invesco Water Resources ETF

Invesco · Thematic

53 composite / 100
Expense ratio
0.59%
Net assets
$1.99B
TTM yield
0.59%
Top-10 conc.
59.9%
XLK

State Street Technology Select Sector SPDR ETF

State Street · Technology

83 composite / 100
Expense ratio
0.080%
Net assets
$123.91B
TTM yield
0.44%
Top-10 conc.
61.4%

Sub-score comparison

41
Cost
92
77
Tax efficiency
85
70
Liquidity
100
29
Concentration
27
—
Tracking quality
—
PHO sub-score XLK

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

XLK is 51 bps cheaper than PHO. On a $100,000 position that's about $510/yr more in fees for PHO.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with PHO vs XLK.

Top shared holdings

1 shared in total
# Holding In PHO In XLK Overlap
1 Roper Technologies, Inc. 8.57% 0.34% 0.34%

Only in PHO

36 total
  • Ferguson Enterprises Inc. 8.68%
  • Waters Corp. 8.18%
  • Ecolab Inc. 7.14%
  • American Water Works Co., Inc. 6.95%
  • IDEX Corp. 4.39%
  • Mueller Industries, Inc. 4.37%
  • Core & Main, Inc. 3.93%
  • Xylem Inc. 3.85%
  • Veralto Corp. 3.83%
  • AECOM 3.63%

Only in XLK

73 total
  • NVIDIA Corp 15.50%
  • Apple Inc 13.63%
  • Microsoft Corp 10.05%
  • Broadcom Inc 5.37%
  • Micron Technology Inc 3.39%
  • Palantir Technologies Inc 2.98%
  • Advanced Micro Devices Inc 2.95%
  • Cisco Systems Inc 2.73%
  • Applied Materials Inc 2.42%
  • Lam Research Corp 2.38%

Open PHO or XLK at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.