BMED vs. PBPH

Last updated Jun 5, 2026

BMED (Future Health ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds. BMED is actively managed, while PBPH is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. BMED charges 0.85%/yr vs 0.13%/yr for PBPH.

Performance

BMED vs. PBPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Future Health ETF (BMED) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMED achieves a -5.19% return, which is significantly lower than PBPH's 1.75% return.

BMED

• 1D: 1.98%
• 1M: 2.19%
• YTD: -5.19%
• 6M: -5.93%
• 1Y: 17.59%
• 3Y*: 5.91%
• 5Y*: -0.08%
• 10Y*: —

PBPH

• 1D: 2.92%
• 1M: 2.45%
• YTD: 1.75%
• 6M: 3.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMED vs. PBPH - Yearly Performance Comparison

	2026 (YTD)	2025
BMED Future Health ETF	-5.19%	-1.63%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	1.75%	0.76%

Correlation

The correlation between BMED and PBPH is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.78

Return for Risk

BMED vs. PBPH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMED

BMED Risk / Return Rank: 29
BMED Sharpe Ratio Rank: 33
BMED Sortino Ratio Rank: 33
BMED Omega Ratio Rank: 31
BMED Calmar Ratio Rank: 26
BMED Martin Ratio Rank: 24

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.

BMED vs. PBPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Future Health ETF (BMED) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BMED	PBPH	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.19	—	—
Martin ratio: Return relative to average drawdown	3.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BMED	PBPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.29	-0.17

Drawdowns

BMED vs. PBPH - Drawdown Comparison

The maximum BMED drawdown since its inception was -36.44%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for BMED and PBPH.

Drawdown Indicators

	BMED	PBPH	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-11.10%	-25.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	—	—
Current Drawdown Current decline from peak	-11.17%	-6.03%	-5.14%
Average Drawdown Average peak-to-trough decline	-19.08%	-4.25%	-14.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	—	—

Volatility

Volatility by Period

	BMED	PBPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	17.20%	-1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	17.20%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	17.20%	+0.57%

BMED vs. PBPH - Expense Ratio Comparison

BMED has a 0.85% expense ratio, which is higher than PBPH's 0.13% expense ratio.

Dividends

BMED vs. PBPH - Dividend Comparison

BMED has not paid dividends to shareholders, while PBPH's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025	2024	2023
BMED Future Health ETF	0.00%	0.00%	0.00%	0.03%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BMED and PBPH in my portfolio?

BMED and PBPH have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMED or PBPH?

On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMED or PBPH?

PBPH is cheaper with a 0.13% expense ratio, compared with 0.85% for BMED.

Which ETF pays a higher dividend yield, BMED or PBPH?

PBPH has the higher dividend yield at 0.09%, compared with 0.00% for BMED.

What is the main difference between BMED and PBPH?

They also come from different issuers: BlackRock and Portfolio Building Block. Their fees differ too: 0.85% for BMED and 0.13% for PBPH.