How large is PHO and what does it cost to hold?

PHO currently manages $2.16B in assets. The annual expense ratio (TER) is 0.59%, deducted directly from fund assets. Portfolio turnover stands at 0%, reflecting how frequently holdings are replaced within a year. Lower expense ratios compound favorably over time – a 0.08% TER on a 10-year holding period adds up to meaningfully less drag than a 0.5% fund.

What are the largest holdings in PHO?

PHO allocates 57.2% of its portfolio to Industrials. The three largest holdings are ECL (8.2%), FERG (8.2%), WAT (7.1%). Concentration in the top holdings means single-name events in these positions can have an outsized effect on the ETF's price.

Does PHO pay dividends or distributions?

PHO currently distributes a yield of 0.57%. ETF distributions are typically passed through from dividends and interest generated by the underlying holdings. The actual payout frequency depends on the fund structure – most sector ETFs distribute quarterly.

What is PHO's historical performance?

Reported performance for PHO: year-to-date 3.88%, 3-year cumulative 9.62%, 5-year cumulative 6.70%. Past performance is not indicative of future results. Returns reflect price changes only and may differ from total return figures that include distributions.

What is the current trend signal for PHO?

As of the most recent session, PHO closed at $67.86. The swing trend is negative with ADX at 16.7 (weak trend strength). Momentum is bullish and has been running for 3 trading days. A Golden Cross is in place All data is updated once per trading day after the US market closes.

When was the last Trendchange signal for PHO?

The most recent Trendchange signal for PHO fired on 17.06.26 at $66.77. The position has been open for 29 trading days. Performance after 10 days: +3.16%. The system's historical edge across 74 tracked signals is 0%. Trendchange signals are based on proprietary moving average crossover logic applied to end-of-day price data.

PHO – Invesco Water Resources ETF

ETF

Natural Resources | Inception: 2005-12-06

Quick Stats

Trend Signal

$67.86

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

16.7

Trend Strength (ADX)

Weak / ranging – trend signals less reliable

Options Signals

19%

IV-Rank (52w)

Options are historically cheap – premium buying favored

50% / 50%

Call / Put Flow

Neutral flow – call and put activity roughly balanced

Last Trendchange Signal

17.06.26

Date

Signal entry date

$66.77

Entry Price

Closing price at signal date

29d

Days Held

Trading days since signal

+3.16%

+10d

Return after 10 trading days

+4.73%

+20d

Return after 20 trading days

+2.17%

+30d

Return after 30 trading days

+2.17%

+60d

Return after 60 trading days

Trend Overview

EMA21 Cross – Directional Shift Composite Score: +2 / 7

PHO has just crossed the 21-day EMA at $68.41, now trading below the line. The line that was acting as a floor has now become potential resistance. This shifts the short-term bias to cautious.

What to watch

Avoid aggressive long exposure until price reclaims the EMA21. A break and close below this level can lead to a deeper test of the 50-day SMA at $70.30.

Options Signal Highlight

LOW Strength 2 Long Straddle 📖 View full options analysis →

PHO Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $67.86 · ATR14: $1.28

EMA21 Cross – Directional Shift Composite Score: +2 / 7

PHO has just crossed the 21-day EMA at $68.41, now trading below the line. The line that was acting as a floor has now become potential resistance. This shifts the short-term bias to cautious.

What to watch

Avoid aggressive long exposure until price reclaims the EMA21. A break and close below this level can lead to a deeper test of the 50-day SMA at $70.30.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▲ Up · 3d	Strength: 0.10 – Rising
Trend Strength (ADX)	16.7 – Weak	ADX38: 28.4
Volatility (HV30)	12.3% – Calm	HV90: 16.6% \| HV180: 16.2%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Partially aligned (1/3)
EMA21 Distance	-1.02 ATR ↑	EMA21: $68.41
GD200 Extension	-2.0 ATR – Normal	GD20: -0.6 \| GD50: -2.7 \| GD100: -1.1

🚀 Momentum Accelerating

Upward momentum active for 3 days and still gaining strength (current: 0.10). Trend is building, not fading.

⚪ Trend Strength – ADX14: 16.7 (Weak)

Weak or ranging market. ADX38: 28.4. Trend-following signals carry lower reliability.

🔻 Volatility Calm

HV30: 12.3% | HV90: 16.6% | HV180: 16.2%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $70.30 above GD200 $69.61 by 0.99%. Long-term structure is bullish. MA stack: Partially aligned (1/3).

⚡ EMA21 – Fresh Cross

Price has just crossed the 21-day EMA at $68.41, now trading below. Often marks a near-term directional shift.

📐 Key Price Levels & ATR Distance

GD20: $68.40 (-0.6 ATR) | GD50: $70.30 (-2.7 ATR) | GD100: $68.86 (-1.1 ATR) | GD200: $69.61 (-2.0 ATR). ATR14: $1.28.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-7.79	2.59	4.30	2.79	-11.55	-4.42	7.70	-10.66	8.33	4.58	2.78	5.23	10.96
2011	-0.11	-0.38	5.57	-0.80	-1.02	0.84	-6.04	-6.18	-10.30	19.41	3.71	-0.57	-11.79
2012	6.20	0.86	1.25	-3.49	-6.80	6.27	1.05	2.51	2.88	0.27	1.77	2.96	21.87
2013	3.76	0.91	2.38	-2.55	5.14	-3.71	3.63	-4.69	7.29	3.22	2.62	5.01	23.97
2014	-1.36	8.92	0.76	-3.48	0.74	2.28	-7.39	5.52	-5.63	6.02	0.16	0.91	0.49
2015	-5.16	2.25	-2.44	1.02	2.01	-3.06	-4.55	-6.65	-4.07	11.21	-4.23	-2.86	-15.24
2016	-5.13	2.25	5.27	3.59	-0.22	1.26	3.36	0.17	1.12	-3.79	6.65	-0.55	15.30
2017	2.14	2.68	-1.34	3.26	0.74	-0.73	0.50	-0.76	4.98	1.30	4.19	0.21	22.53
2018	2.98	-4.08	2.98	1.05	T 1.10	-1.19	T 4.62	1.12	0.92	-8.54	T 3.58	-8.18	-6.45
2019	T 11.27	7.32	0.95	1.02	-3.61	T 6.71	0.55	1.27	2.04	T 2.41	1.08	3.70	38.22
2020	1.28	-9.68	-15.71	T 17.55	9.60	-0.59	T 7.57	0.86	-0.69	T 2.39	7.07	3.23	20.70
2021	0.87	2.57	0.73	4.62	1.33	0.71	5.11	4.05	-7.20	T 5.27	-1.06	T 7.12	33.29
2022	-11.43	-3.44	T 4.53	-9.26	0.92	-5.39	T 11.13	-4.55	-8.07	T 6.25	6.27	-3.87	-13.38
2023	T 5.50	-3.96	1.35	T -1.07	-0.15	7.43	2.83	-1.21	-7.19	-3.27	T 10.77	6.03	20.06
2024	-1.85	T 5.95	3.32	-2.59	T 2.46	-1.25	T 9.14	0.84	T 2.96	-2.51	T 4.44	-8.14	8.96
2025	T 4.71	-0.87	-3.05	T 0.85	4.13	3.56	-0.91	4.06	-0.12	T -0.94	1.81	T -2.25	7.76
2026	2.25	-0.22	-8.14	T 1.66	-3.30	T 4.95	1.87	0.17	-3.27	0.13			-4.25

T A T badge marks a Trendchange signal in that month. Hover for entry price.

PHO - Trendchange Chart

Trendchange Signal History

The last 10 Trendchange signals for PHO:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
17.06.26	$66.77	29d	+3.16%	+4.73%	+2.17%	+2.17%
21.04.26	$69.85	3d	-1.98%	-1.98%	-1.98%	+0%
05.12.25	$71.94	4d	+0%	+0%	+0%	+0%
06.10.25	$73.31	14d	-0.23%	-1.33%	-1.33%	-1.33%
24.04.25	$64.50	33d	+1.41%	+4.91%	+7.44%	+6.87%
31.01.25	$68.42	4d	-0.88%	-0.88%	-0.88%	-0.88%
07.11.24	$71.78	4d	-3.18%	-3.18%	-3.18%	-3.18%
18.09.24	$69.01	18d	+1.45%	+2.61%	+0.84%	+0%
16.07.24	$69.25	8d	+0.49%	-4.48%	-4.48%	-4.48%
03.05.24	$66.15	32d	+3.4%	-0.17%	-0.17%	-0.17%

Signal Statistics - Historical Edge

Calculated edge for PHO: 0%

Range	N	10d	20d	30d	60d	Signal
7-10%	1	+7.34%	+13.4%	+8.61%	+8.61%	Close
5-7%	4	+6.21%	+5.8%	+7.47%	+7.76%	Close
3-5%	10	+3.58%	+4.63%	+5.88%	+4.7%	Close
1-3%	26	+1.81%	+2.65%	+2.52%	+3.18%	Close
0-1%	6	+0.7%	-0.09%	-0.39%	-0.44%	Close
-1-0%	9	-0.62%	-0.24%	-0.15%	-0.18%	Neg
-3-1%	11	-2.06%	-1.4%	-1.29%	-0.14%	Neg
-5-3%	7	-3.83%	-3.11%	-2.49%	-2.49%	Neg

Exit Rules: Stoploss: -10% | Close if below 10% after 10 days

Signal data as of October 7, 2026

LOW ALERT ● Neutral Strength: 2

Options Metrics

IV-Rank (52w)

19%

Bottom 20% of the past 52 weeks – options are historically cheap. Conditions favor premium buyers (Long Call, Long Put).

Call / Put Flow

50% / 50%

Call and put premium are roughly balanced. No clear directional bias from options flow.

GEX (Mio.)

0.0

Positive GEX: market makers are long gamma. They buy dips and sell rallies, which suppresses volatility and keeps price in a range.

Max Pain

$61.00 · 10.1%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$67.86

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

PHO GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

Strategy Setups – You Decide

Based on current options data, one setup stands out. Each strategy has different risk/reward characteristics – the final decision is always yours.

Setup 1 of 1 Long Straddle Full guide →

Why this fits today

IV-Rank at 19% – buying both sides is cost-effective. A subsequent vol expansion or large move benefits both legs simultaneously.

Advantages

✓ Profits from any large directional move without needing to pick a side

✓ Buying when IV is historically cheap reduces the breakeven hurdle

✓ An unexpected vol expansion benefits both the call and put simultaneously

Risks

✕ Requires a significant move to recover the combined premium paid

✕ Theta decay accelerates as expiration approaches

✕ If the stock stays flat, both legs expire worthless

▶ FAQ: Long Straddle

What is a Long Straddle?

A Long Straddle buys a call and a put at the same strike and expiration. It profits from a large move in either direction. When IV is low, the premium cost is reduced, making the breakeven easier to reach on a directional move.

Why buy a straddle when IV is low?

Low IV means you are buying the options cheaply. If IV subsequently rises - due to an event or a directional move - both legs can gain value simultaneously, giving you a double benefit. The key is entering before the vol expansion.

All setups above are personal trade journal observations derived from options flow data. This is not financial advice. The decision to trade, and which strategy to use, is entirely yours.

View full options flow data and historical signals on the Options Flow Analysis Overview →

About Invesco Water Resources ETF

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index is designed to track the performance of U.S. exchange-listed companies that create products that conserve and purify water for homes, businesses, and industries. The fund is non-diversified.

Fund Overview

Metric	Value
Assets under Management	$2.16 B
Expense Ratio	0.59%
Dividend Yield	0.57%
Portfolio Turnover	0%
YTD Return	3.88%
3-Year Return	9.62%
5-Year Return	6.70%

Sector Allocation

Sector	Weight
Industrials	57.2%
Utilities	12.5%
Information Technology	12.4%
Materials	9%
Healthcare	7.1%

Top 10 Holdings

Symbol	Company	Weight
ECL	ECOLAB INC	8.2%
FERG	FERGUSON ENTERPRISES INC	8.18%
WAT	WATERS CORP	7.1%
AWK	AMERICAN WATER WORKS CO INC	6.8%
ROP	ROPER TECHNOLOGIES INC	6.25%
IEX	IDEX CORP	4.63%
CNM	CORE & MAIN INC CLASS A	4.57%
ITRI	ITRON INC	4.08%
WMS	ADVANCED DRAINAGE SYSTEMS INC	4.08%
XYL	XYLEM INC	3.94%

Frequently Asked Questions – Invesco Water Resources ETF (PHO)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.