HTEC vs. PJP

Last updated Aug 2, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and PJP (Invesco Dynamic Pharmaceuticals ETF) are both Health & Biotech Equities funds - HTEC tracks the ROBO Global® Healthcare Technology and Innovation Index while PJP tracks the Dynamic Pharmaceuticals Intellidex Index. Both are passively managed. Over the past 5 years, HTEC returned -3.93%/yr vs 9.51%/yr for PJP. Their 0.69 correlation means they have sometimes moved together and sometimes differently. HTEC charges 0.68%/yr vs 0.58%/yr for PJP.

Performance

HTEC vs. PJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) and Invesco Dynamic Pharmaceuticals ETF (PJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTEC achieves a 8.91% return, which is significantly lower than PJP's 16.81% return.

HTEC

• 1D: -0.56%
• 1M: -0.55%
• 6M: 5.34%
• YTD: 8.91%
• 1Y: 38.75%
• 3Y*: 8.78%
• 5Y*: -3.93%
• 10Y*: —
• ALL TIME*: 6.73%

PJP

• 1D: -1.10%
• 1M: 0.44%
• 6M: 16.01%
• YTD: 16.81%
• 1Y: 48.98%
• 3Y*: 17.41%
• 5Y*: 9.51%
• 10Y*: 6.97%
• ALL TIME*: 11.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HTEC ROBO Global Healthcare Technology and Innovation ETF	$648.14K	$1.29M	$661.96K
PJP Invesco Dynamic Pharmaceuticals ETF	$5.48M	$7.14M	$3.39M

HTEC vs. PJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HTEC ROBO Global Healthcare Technology and Innovation ETF	8.91%	23.91%	2.68%	-2.94%	-33.72%	-0.28%	65.01%	8.28%
PJP Invesco Dynamic Pharmaceuticals ETF	16.81%	27.98%	9.63%	-2.18%	-2.16%	14.58%	11.29%	10.10%

Correlation

The correlation between HTEC and PJP is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019	0.69

The correlation between HTEC and PJP has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

HTEC vs. PJP - Sectors Allocation Comparison

Sectors	HTEC	PJP
Healthcare	75.5%	100.0%
Technology	5.5%	-
Financial Services	3.9%	0.0%
Basic Materials	1.3%	-
Industrials	1.3%	-
Energy	1.2%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HTEC vs. PJP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HTEC

HTEC Risk / Return Rank: 71
HTEC Sharpe Ratio Rank: 81
HTEC Sortino Ratio Rank: 83
HTEC Omega Ratio Rank: 74
HTEC Calmar Ratio Rank: 69
HTEC Martin Ratio Rank: 50

PJP

PJP Risk / Return Rank: 95
PJP Sharpe Ratio Rank: 96
PJP Sortino Ratio Rank: 96
PJP Omega Ratio Rank: 94
PJP Calmar Ratio Rank: 95
PJP Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HTEC vs. PJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) and Invesco Dynamic Pharmaceuticals ETF (PJP). 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.

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.

	HTEC	PJP	Difference
Sharpe ratio: Return per unit of total volatility	1.86	3.10	-1.24
Sortino ratio: Return per unit of downside risk	2.72	4.35	-1.62
Omega ratio: Gain probability vs. loss probability	1.31	1.51	-0.21
Calmar ratio: Return relative to maximum drawdown	2.40	5.53	-3.14
Martin ratio: Return relative to average drawdown	5.75	17.34	-11.59

HTEC vs. PJP - Sharpe Ratio Comparison

The current HTEC Sharpe Ratio is 1.86, which is lower than the PJP Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of HTEC and PJP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HTEC vs. PJP - Drawdown Comparison

The maximum HTEC drawdown since its inception was -57.53%, which is greater than PJP's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for HTEC and PJP.

Drawdown Indicators

	HTEC	PJP	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	-37.06%	-20.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-9.44%	-6.87%
Max Drawdown (3Y) Largest decline over 3 years	-25.25%	-16.27%	-8.98%
Max Drawdown (5Y) Largest decline over 5 years	-56.10%	-17.51%	-38.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.95%	—
Current Drawdown Current decline from peak	-25.08%	-1.10%	-23.98%
Average Drawdown Average peak-to-trough decline	-28.95%	-8.79%	-20.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.80%	3.01%	+3.79%

Volatility

HTEC vs. PJP - Volatility Comparison

The current volatility for ROBO Global Healthcare Technology and Innovation ETF (HTEC) is 5.00%, while Invesco Dynamic Pharmaceuticals ETF (PJP) has a volatility of 5.97%. This indicates that HTEC experiences smaller price fluctuations and is considered to be less risky than PJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTEC	PJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.97%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.46%	13.25%	+3.21%
Volatility (1Y) Calculated over the trailing 1-year period	21.21%	17.00%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.64%	16.37%	+8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.43%	18.38%	+7.05%

HTEC vs. PJP - Expense Ratio Comparison

HTEC has a 0.68% expense ratio, which is higher than PJP's 0.58% expense ratio.

Dividends

HTEC vs. PJP - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 0.90%, more than PJP's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HTEC ROBO Global Healthcare Technology and Innovation ETF	0.90%	0.98%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PJP Invesco Dynamic Pharmaceuticals ETF	0.88%	0.98%	0.97%	1.01%	0.95%	0.81%	0.75%	0.77%	1.12%	0.65%	0.91%	5.49%

Frequently Asked Questions

Can I hold both HTEC and PJP in my portfolio?

HTEC and PJP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTEC or PJP?

PJP has higher volatility (5.97%) compared to HTEC (5.00%). In terms of maximum drawdown, HTEC dropped -57.53% vs PJP's -37.06%.

Which ETF is better, HTEC or PJP?

On 5-year performance, PJP leads with 9.51% vs -3.93% for HTEC. On fees, PJP is cheaper at 0.58% per year. On volatility, HTEC has been the lower-risk option at 5.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HTEC or PJP?

Over the 5-year period, PJP has performed better with a 9.51% return vs -3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HTEC or PJP?

PJP is cheaper with a 0.58% expense ratio, compared with 0.68% for HTEC.

Which ETF pays a higher dividend yield, HTEC or PJP?

HTEC has the higher dividend yield at 0.90%, compared with 0.88% for PJP.

What is the main difference between HTEC and PJP?

HTEC tracks ROBO Global® Healthcare Technology and Innovation Index, while PJP tracks Dynamic Pharmaceuticals Intellidex Index. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.68% for HTEC and 0.58% for PJP.

Which has better risk-adjusted returns?

PJP currently has the higher Sharpe Ratio (3.10 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.