PHO vs SGDM
Invesco Water Resources ETF vs Sprott Gold Miners ETF
Which is better, PHO or SGDM?
SGDM has been ahead.
SGDM has a lower expense ratio. SGDM led over 1Y, 3Y, 5Y and the full window. SGDM is less concentrated, with 55.2% of the fund in its ten largest positions against 57.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PHO | SGDM |
|---|---|---|
| Expense Ratio | 0.59% | 0.46%Best |
| AUM | $1.9B | $645M |
| Dividend Yield | 0.55% | 0.98% |
| Holdings | 87 | 50 |
| YTD Return | -1.95% | +0.92%Best |
| 1Y Return | -4.82% | +9.78%Best |
| 3Y Return (annualized) | +9.76% | +44.13%Best |
| 5Y Return (annualized) | +4.86% | +21.87%Best |
| Volatility (annualized) | 16.7%Best | 38.3% |
| Max Drawdown | -35.0%Best | -55.0% |
| $10,000 over 5 years | $12,678 | $26,883Best |
| Top 10 Weight | 57.0% | 55.2%Best |
| Fund Family | Invesco (US) | Sprott ETFS |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Dec 6, 2005 | Jul 14, 2014 |
Volatility and max drawdown are measured over the window both funds cover: Jul 15, 2014 to Oct 14, 2026 (12.2 years).
PHO vs SGDM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.2 years both funds cover.
PHO vs SGDM Performance
Invesco Water Resources ETF (PHO) is an ETF from Invesco (US) and Sprott Gold Miners ETF (SGDM) is an ETF from Sprott ETFS. Over the past year PHO returned -4.82% while SGDM returned +9.78%. Year to date, PHO is down 1.95% versus a gain of 0.92% for SGDM.
Over three years, PHO compounded at +9.76% per year against +44.13% for SGDM; over five years the annualized figures are +4.86% and +21.87% respectively. Across the full 12-year window we track, SGDM has the edge at +9.82% annualized vs +8.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SGDM has been the more volatile fund, with annualized monthly volatility of 38.3% compared with 16.7% for PHO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.0% for PHO and -55.0% for SGDM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
PHO charges 0.59% per year while SGDM charges 0.46%. On a $10,000 position that is $59 vs $46 annually, a gap of $13 per year that compounds over a long holding period. On income, PHO currently yields 0.55% against 0.98% for SGDM.
Holdings Overlap
We hold position weights for 41 holdings in PHO and 49 in SGDM, totalling 100.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 41 positions we hold weights for in PHO and 49 in SGDM, against full books of 87 and 50.
What only one of them owns
Our book lists 8 positions for SGDM that do not appear in our book for PHO (17.8% of the fund), and 39 for PHO that do not appear in SGDM (98.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of PHO and SGDM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PHO or SGDM?
PHO has an expense ratio of 0.59% while SGDM charges 0.46%. SGDM is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, PHO or SGDM?
Over the past year PHO returned -4.82% vs +9.78% for SGDM, so SGDM leads on 1-year performance. Over the longest common window we track (12 years), PHO annualized +8.61% vs +9.82% for SGDM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PHO or SGDM?
SGDM has been the more volatile fund at 38.3% annualized versus 16.7% for PHO. Worst drawdown: PHO -35.0% vs SGDM -55.0%.
Should I hold both PHO and SGDM?
PHO and SGDM have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PHO or SGDM?
PHO yields 0.55% while SGDM yields 0.98%, so SGDM currently pays the higher dividend yield.
Is SGDM better than PHO?
SGDM has a lower expense ratio. SGDM led over 1Y, 3Y, 5Y and the full window. SGDM is less concentrated, with 55.2% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.