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PBE vs. PJP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PBE and PJP is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

PBE vs. PJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Biotechnology & Genome ETF (PBE) and Invesco Dynamic Pharmaceuticals ETF (PJP). The values are adjusted to include any dividend payments, if applicable.

300.00%400.00%500.00%600.00%700.00%JulyAugustSeptemberOctoberNovemberDecember
371.63%
600.31%
PBE
PJP

Key characteristics

Sharpe Ratio

PBE:

0.31

PJP:

1.01

Sortino Ratio

PBE:

0.56

PJP:

1.42

Omega Ratio

PBE:

1.07

PJP:

1.17

Calmar Ratio

PBE:

0.20

PJP:

1.45

Martin Ratio

PBE:

1.34

PJP:

4.96

Ulcer Index

PBE:

4.37%

PJP:

2.61%

Daily Std Dev

PBE:

18.58%

PJP:

12.77%

Max Drawdown

PBE:

-45.69%

PJP:

-37.06%

Current Drawdown

PBE:

-19.74%

PJP:

-7.74%

Returns By Period

In the year-to-date period, PBE achieves a 2.15% return, which is significantly lower than PJP's 9.40% return. Over the past 10 years, PBE has underperformed PJP with an annualized return of 3.42%, while PJP has yielded a comparatively higher 3.70% annualized return.


PBE

YTD

2.15%

1M

-0.62%

6M

3.23%

1Y

3.91%

5Y*

3.57%

10Y*

3.42%

PJP

YTD

9.40%

1M

-2.37%

6M

0.93%

1Y

11.38%

5Y*

5.72%

10Y*

3.70%

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PBE vs. PJP - Expense Ratio Comparison

PBE has a 0.59% expense ratio, which is higher than PJP's 0.58% expense ratio.


PBE
Invesco Dynamic Biotechnology & Genome ETF
Expense ratio chart for PBE: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for PJP: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%

Risk-Adjusted Performance

PBE vs. PJP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) 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.


Sharpe ratio
The chart of Sharpe ratio for PBE, currently valued at 0.31, compared to the broader market0.002.004.000.311.01
The chart of Sortino ratio for PBE, currently valued at 0.56, compared to the broader market-2.000.002.004.006.008.0010.000.561.42
The chart of Omega ratio for PBE, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.001.071.17
The chart of Calmar ratio for PBE, currently valued at 0.20, compared to the broader market0.005.0010.0015.000.201.45
The chart of Martin ratio for PBE, currently valued at 1.34, compared to the broader market0.0020.0040.0060.0080.00100.001.344.96
PBE
PJP

The current PBE Sharpe Ratio is 0.31, which is lower than the PJP Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of PBE and PJP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.31
1.01
PBE
PJP

Dividends

PBE vs. PJP - Dividend Comparison

PBE's dividend yield for the trailing twelve months is around 0.05%, less than PJP's 0.70% yield.


TTM20232022202120202019201820172016201520142013
PBE
Invesco Dynamic Biotechnology & Genome ETF
0.05%0.02%0.00%0.00%0.04%0.00%0.00%0.57%0.38%1.12%0.55%0.00%
PJP
Invesco Dynamic Pharmaceuticals ETF
0.70%1.01%0.95%0.81%0.76%0.77%1.11%0.65%0.91%5.49%2.96%0.44%

Drawdowns

PBE vs. PJP - Drawdown Comparison

The maximum PBE drawdown since its inception was -45.69%, which is greater than PJP's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for PBE and PJP. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-19.74%
-7.74%
PBE
PJP

Volatility

PBE vs. PJP - Volatility Comparison

Invesco Dynamic Biotechnology & Genome ETF (PBE) has a higher volatility of 5.85% compared to Invesco Dynamic Pharmaceuticals ETF (PJP) at 3.99%. This indicates that PBE's price experiences larger fluctuations and is considered to be riskier than PJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.85%
3.99%
PBE
PJP
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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