How to deduce which ETF is redundant? a of ETF1's holdings in ETF3, a of ETF2 in ETF3, b of ETF1 are in ETF2, b of ETF2 in ETF1.
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According to https://www.etfrc.com/funds/overlap.php,
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47.2% of PHO's 36 holdings $\in$ AQWA.
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77.8% FIW's holdings $\in$ PHO.
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77.8% PHO's holdings $\in$ FIW.
My two goals. I must
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buy $\ge 1$ Water ETF, such as the 3 above.
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minimize overlap, duplication of stock holdings.
Which of the 3 above is redundant?
I don't affiliate or associate with any of these ETF's or websites.
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