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ISIN
US73935X7993
CUSIP
46137V662
Issuer
Invesco
Inception Date
Jun 23, 2005
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
Dynamic Pharmaceuticals Intellidex Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend
Assets Under Management
$340M

Share Price Chart


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Performance

PJP Performance Chart

Invesco Dynamic Pharmaceuticals ETF (PJP) is up 9.7% since the beginning of the year. PJP is currently trading at $114 per share. Investors who bought $1,000 worth of PJP shares 5 years ago would now be looking at an investment worth $1,491.


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S&P 500 Index

Returns By Period

Invesco Dynamic Pharmaceuticals ETF (PJP) has returned 9.74% so far this year and 44.65% over the past 12 months. Over the last ten years, PJP has returned 7.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.


Invesco Dynamic Pharmaceuticals ETF

1D
1.74%
1M
4.87%
YTD
9.74%
6M
7.29%
1Y
44.65%
3Y*
15.79%
5Y*
8.32%
10Y*
7.44%

Benchmark (S&P 500 Index)

1D
-1.44%
1M
-1.45%
YTD
7.60%
6M
6.59%
1Y
22.24%
3Y*
19.20%
5Y*
11.54%
10Y*
13.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PJP Monthly Returns History

Based on dividend-adjusted daily data since Jun 23, 2005, PJP's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +13.5%, while the worst month was Jan 2016 at -12.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PJP closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -9.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.69%2.95%-3.96%1.20%4.41%4.32%9.74%
20254.11%0.84%0.17%-5.43%-2.36%0.20%1.08%12.86%1.77%4.79%9.54%-1.31%27.98%
2024-0.46%1.50%4.48%-3.63%3.13%3.45%4.35%4.14%-2.42%-0.57%0.68%-4.84%9.63%
2023-0.10%-3.08%0.14%2.03%-4.00%1.82%2.96%-0.27%-6.56%-4.65%2.54%7.83%-2.18%
2022-4.92%-1.91%5.43%-4.57%-0.42%-0.55%0.59%-5.03%-0.23%7.42%4.77%-1.84%-2.16%
20218.14%-0.75%3.13%-1.15%0.87%2.49%0.87%1.24%-5.64%2.31%-2.17%5.02%14.58%

Benchmark Metrics

Invesco Dynamic Pharmaceuticals ETF has an annualized alpha of 4.93%, beta of 0.74, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since June 23, 2005.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.94%) than losses (75.50%) - typical of diversified or defensive assets.
  • This ETF generated an annualized alpha of 4.93% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha
4.93%
Beta
0.74
0.56
Upside Capture
87.94%
Downside Capture
75.50%

Expense Ratio

PJP has an expense ratio of 0.58%, placing it in the medium range.


Return for Risk

Risk / Return Rank

PJP ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


PJP Risk / Return Rank: 8585
Overall Rank
PJP Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
PJP Sortino Ratio Rank: 8888
Sortino Ratio Rank
PJP Omega Ratio Rank: 8181
Omega Ratio Rank
PJP Calmar Ratio Rank: 8787
Calmar Ratio Rank
PJP Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


PJPBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.92

Sortino ratioReturn per unit of downside risk

+1.35

Omega ratioGain probability vs. loss probability

1.45

1.32

+0.13

Calmar ratioReturn relative to maximum drawdown

4.75

2.46

+2.30

Martin ratioReturn relative to average drawdown

15.06

10.92

+4.15

Dividends

Dividend History

Invesco Dynamic Pharmaceuticals ETF provided a 0.93% dividend yield over the last twelve months, with an annual payout of $1.06 per share. The fund has been increasing its distributions for 6 consecutive years.


1.00%2.00%3.00%4.00%5.00%$0.00$1.00$2.00$3.00$4.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.06$1.02$0.80$0.77$0.75$0.66$0.54$0.50$0.70$0.42$0.51$3.84

Dividend yield

0.93%0.98%0.97%1.01%0.95%0.81%0.75%0.77%1.12%0.65%0.91%5.49%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco Dynamic Pharmaceuticals ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.31$0.00$0.00$0.27$0.58
2025$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.24$0.00$0.00$0.25$1.02
2024$0.00$0.00$0.17$0.00$0.00$0.21$0.00$0.00$0.20$0.00$0.00$0.22$0.80
2023$0.00$0.00$0.20$0.00$0.00$0.18$0.00$0.00$0.20$0.00$0.00$0.19$0.77
2022$0.00$0.00$0.20$0.00$0.00$0.21$0.00$0.00$0.17$0.00$0.00$0.17$0.75
2021$0.00$0.00$0.15$0.00$0.00$0.15$0.00$0.00$0.17$0.00$0.00$0.18$0.66

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco Dynamic Pharmaceuticals ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Dynamic Pharmaceuticals ETF was 37.06%, occurring on Mar 23, 2020. Recovery took 206 trading sessions.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-37.06%Mar 2020
4y 8mo9mo 27d
5y 5moJul 2015 - Jan 2021
Financial crisis2007–2009
-36.16%Mar 2009
1y 10mo10mo 20d
2y 8moMay 2007 - Jan 2010
2023 correction2023
-17.51%Oct 2023
1y 6mo7mo 14d
2y 1moApr 2022 - Jun 2024
2025 selloff2025
-16.27%Apr 2025
5mo4mo 5d
9mo 5dNov 2024 - Aug 2025
2011 correction2011
-15.74%Aug 2011
28d4mo 1d
4mo 29dJul 2011 - Dec 2011

Drawdown Indicators


PJPBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-37.06%

-56.78%

+19.72%

Max Drawdown (1Y)

Largest decline over 1 year

-9.44%

-9.10%

-0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-16.27%

-18.90%

+2.63%

Max Drawdown (5Y)

Largest decline over 5 years

-17.51%

-25.43%

+7.92%

Max Drawdown (10Y)

Largest decline over 10 years

-33.95%

-33.92%

-0.03%

Current Drawdown

Current decline from peak

0.00%

-3.21%

+3.21%

Average Drawdown

Average peak-to-trough decline

-8.83%

-10.71%

+1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

2.04%

+0.93%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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