Invesco Water Resources ETF (PHO) Implied Volatility Current

Tracking PHO implied volatility helps you identify when options premiums on Invesco Water Resources ETF are historically cheap or expensive, and where the best trades are hiding. Invesco Water Resources ETF implied volatility reflects the market's expectation of future price movement: when PHO IV rises, option premiums increase, creating opportunities for sellers, and when it drops, buyers can find cheaper contracts. Use our scanner to monitor Invesco Water Resources ETF's implied volatility current levels in real time and filter for high-probability trades.

Implied volatility is derived from option prices using models like Black-Scholes and represents the annualized expected move of an underlying stock. For PHO, tracking metrics like PHO IV rank helps traders understand whether current implied volatility is historically high or low. IV rank compares today's reading against the past year's range — a high rank on PHO signals rich premiums and potential mean-reversion, while a low rank may favor long options strategies.

The Invesco Water Resources ETF (Fund) is based on the NASDAQ OMX US Water Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) and global depositary receipts (GDRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April. As of 08/31/2022 the Fund had an overall rating of 5 stars out of 106 funds and was rated 3 stars out of 106 funds, 5 stars out of 99 funds and 5 stars out of 87 funds for the 3-, 5- and 10- year periods, respectively.

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2022 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Premium sellers, directional traders, and spread builders all need the same starting point: a clear read on where PHO implied volatility sits today versus where it has been. Our scanner ranks Invesco Water Resources ETF implied volatility against its historical range, surfaces extremes in PHO IV rank, and pairs every reading with the trades that exploit it. Stop guessing whether Invesco Water Resources ETF IV is rich or cheap — measure it, then act on it.