FIW vs PHO: holdings overlap, shared companies and scores
As of September 11, 2026, FIW and PHO overlap 74.7% by weight. First Trust Water ETF (FIW): U.S. water industry companies Invesco Water Resources ETF (PHO): U.S. water conservation stocks.
Updated September 11, 2026
How much do FIW and PHO overlap?
As of September 11, 2026, FIW and PHO overlap 74.7% by weight.
91% of FIW is already inside PHO.
94% of PHO is already inside FIW.
FIW holds 37 companies and PHO holds 40; 32 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FIW and PHO?
As of September 11, 2026, ETF Copilot scores FIW 4.2 out of 10 and PHO 4.5 out of 10.
They differ most on Growth: FIW 2.0 and PHO 4.6.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FIW | PHO |
|---|---|---|
| Growth | 2.0 | 4.6 |
| Valuation | 9.5 | 8.2 |
| Risk | 4.5 | 4.0 |
| Quality | 2.8 | 2.8 |
| Return | 3.5 | 3.3 |
FIW is the cheaper of the two at 0.50% a year
As of September 11, 2026, FIW charges 0.50% a year, yields 1.12% and holds $1.8B in assets across 37 positions.
As of September 11, 2026, PHO charges 0.59% a year, yields 0.85% and holds $2.0B in assets across 40 positions.
| Measure | FIW | PHO |
|---|---|---|
| Expense ratio | 0.50% | 0.59% |
| Dividend yield | 1.12% | 0.85% |
| Assets under management | $1.8B | $2.0B |
| Holdings | 37 | 40 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
What moved FIW and PHO this week
FIW fell 3.0% in the week to September 11, 2026. The holdings that moved it most were Roper Technologies (−8.0%), Core & Main (−7.6%) and Veralto (−3.9%); Valmont Industries (+1.8%) pushed the other way.
PHO fell 3.3% in the week to September 11, 2026. The holdings that moved it most were Roper Technologies (−8.0%), Idexx Labs (−4.6%) and Bentley Systems (−13.0%); Valmont Industries (+1.8%) pushed the other way.
What do FIW and PHO each hold?
What's inside FIW: Tech 8%.
43% of FIW is its ten largest holdings.
What's inside PHO: Tech 12%.
58% of PHO is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FIW vs PHO holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fiw-vs-pho
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