OZEM vs. PBPH
OZEM (Roundhill Glp-1 & Weight Loss ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds. OZEM is actively managed, while PBPH is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. OZEM charges 0.59%/yr vs 0.13%/yr for PBPH.
Performance
OZEM vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, OZEM achieves a -11.95% return, which is significantly lower than PBPH's -1.13% return.
OZEM
- 1D
- -0.73%
- 1M
- -4.02%
- YTD
- -11.95%
- 6M
- -5.58%
- 1Y
- 21.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBPH
- 1D
- 0.58%
- 1M
- 0.07%
- YTD
- -1.13%
- 6M
- -0.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OZEM vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OZEM Roundhill Glp-1 & Weight Loss ETF | -11.95% | 4.03% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | -1.13% | 0.76% |
Correlation
The correlation between OZEM and PBPH is 0.73, 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 | 0.73 |
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Return for Risk
OZEM vs. PBPH — Risk / Return Rank
OZEM
PBPH
OZEM vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Glp-1 & Weight Loss ETF (OZEM) 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.
| OZEM | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | — | — |
| Martin ratioReturn relative to average drawdown | 2.30 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OZEM | PBPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | -0.04 | +0.43 |
Drawdowns
OZEM vs. PBPH - Drawdown Comparison
The maximum OZEM drawdown since its inception was -28.65%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for OZEM and PBPH.
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Drawdown Indicators
| OZEM | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -11.10% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -19.16% | — | — |
Current DrawdownCurrent decline from peak | -18.74% | -8.69% | -10.05% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -4.23% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | — | — |
Volatility
OZEM vs. PBPH - Volatility Comparison
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Volatility by Period
| OZEM | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.46% | 16.78% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 16.78% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 16.78% | +8.26% |
OZEM vs. PBPH - Expense Ratio Comparison
OZEM has a 0.59% expense ratio, which is higher than PBPH's 0.13% expense ratio.
Dividends
OZEM vs. PBPH - Dividend Comparison
OZEM's dividend yield for the trailing twelve months is around 1.36%, more than PBPH's 0.09% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
OZEM Roundhill Glp-1 & Weight Loss ETF | 1.36% | 1.20% | 0.22% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.09% | 0.09% | 0.00% |
Frequently Asked Questions
OZEM and PBPH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.59% for OZEM.
OZEM has the higher dividend yield at 1.36%, compared with 0.09% for PBPH.
They also come from different issuers: Roundhill and Portfolio Building Block. Their fees differ too: 0.59% for OZEM and 0.13% for PBPH.
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