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.
According to https://www.etfrc.com/funds/overlap.php,
47.2% of PHO's 36 holdings $\in$ AQWA.
77.8% FIW's holdings $\in$ PHO.
77.8% PHO's holdings $\in$ FIW.
My two goals. I must
buy $\ge 1$ Water ETF, such as the 3 above.
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.
1 comment thread