OZEM vs. PBPH

Last updated Jul 17, 2026

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 0.72 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Glp-1 & Weight Loss ETF (OZEM) 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, OZEM achieves a -3.86% return, which is significantly lower than PBPH's 7.57% return.

OZEM

• 1D: -0.20%
• 1M: 7.73%
• 6M: -7.18%
• YTD: -3.86%
• 1Y: 27.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBPH

• 1D: 1.60%
• 1M: 5.78%
• 6M: 6.38%
• YTD: 7.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OZEM vs. PBPH - Yearly Performance Comparison

	2026 (YTD)	2025
OZEM Roundhill Glp-1 & Weight Loss ETF	-3.86%	6.36%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	7.57%	0.74%

Correlation

The correlation between OZEM and PBPH is 0.72, 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 25, 2025	0.72

Return for Risk

OZEM vs. PBPH — Risk / Return Rank

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

OZEM

OZEM Risk / Return Rank: 35
OZEM Sharpe Ratio Rank: 39
OZEM Sortino Ratio Rank: 39
OZEM Omega Ratio Rank: 37
OZEM Calmar Ratio Rank: 34
OZEM Martin Ratio Rank: 26

PBPH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

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.

	OZEM	PBPH	Difference
Sharpe ratio: Return per unit of total volatility	1.13	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.41	—	—
Martin ratio: Return relative to average drawdown	2.77	—	—

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.

Drawdown Indicators

	OZEM	PBPH	Difference
Max Drawdown Largest peak-to-trough decline	-28.65%	-11.10%	-17.55%
Max Drawdown (1Y) Largest decline over 1 year	-19.50%	—	—
Current Drawdown Current decline from peak	-11.27%	-3.16%	-8.11%
Average Drawdown Average peak-to-trough decline	-9.17%	-4.15%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.92%	—	—

Volatility

Volatility by Period

	OZEM	PBPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.28%	17.85%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	17.85%	+7.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	17.85%	+7.12%

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 1.25%, more than PBPH's 0.08% yield.

Position	TTM	2025	2024
OZEM Roundhill Glp-1 & Weight Loss ETF	1.25%	1.20%	0.22%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.08%	0.09%	0.00%

Frequently Asked Questions

Can I hold both OZEM and PBPH in my portfolio?

OZEM and PBPH have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OZEM 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, OZEM or PBPH?

PBPH is cheaper with a 0.13% expense ratio, compared with 0.59% for OZEM.

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

OZEM has the higher dividend yield at 1.25%, compared with 0.08% for PBPH.

What is the main difference between OZEM and 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.