PBPH vs. PJP

Last updated Jun 4, 2026

PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) and PJP (Invesco Dynamic Pharmaceuticals ETF) are both Health & Biotech Equities funds - PBPH tracks the BITA Global Pharma and Biotech Select Index while PJP tracks the Dynamic Pharmaceuticals Intellidex Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. PBPH charges 0.13%/yr vs 0.58%/yr for PJP.

Performance

PBPH vs. PJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block World Pharma and Biotech Index ETF (PBPH) 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, PBPH achieves a -1.13% return, which is significantly lower than PJP's 2.90% return.

PBPH

• 1D: 0.58%
• 1M: 0.07%
• YTD: -1.13%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PJP

• 1D: 1.20%
• 1M: 1.29%
• YTD: 2.90%
• 6M: 2.29%
• 1Y: 34.73%
• 3Y*: 13.31%
• 5Y*: 7.62%
• 10Y*: 6.15%

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

PBPH vs. PJP - Yearly Performance Comparison

	2026 (YTD)	2025
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	-1.13%	0.76%
PJP Invesco Dynamic Pharmaceuticals ETF	2.90%	-1.65%

Correlation

The correlation between PBPH and PJP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.82

Return for Risk

PBPH vs. PJP — Risk / Return Rank

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

PJP

PJP Risk / Return Rank: 64
PJP Sharpe Ratio Rank: 63
PJP Sortino Ratio Rank: 64
PJP Omega Ratio Rank: 57
PJP Calmar Ratio Rank: 73
PJP Martin Ratio Rank: 63

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.

PBPH vs. PJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block World Pharma and Biotech Index ETF (PBPH) 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.

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

Sharpe Ratios by Period

	PBPH	PJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.59	-0.63

Drawdowns

PBPH vs. PJP - Drawdown Comparison

The maximum PBPH drawdown since its inception was -11.10%, smaller than the maximum PJP drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for PBPH and PJP.

Drawdown Indicators

	PBPH	PJP	Difference
Max Drawdown Largest peak-to-trough decline	-11.10%	-37.06%	+25.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.51%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.95%	—
Current Drawdown Current decline from peak	-8.69%	-2.94%	-5.75%
Average Drawdown Average peak-to-trough decline	-4.23%	-8.85%	+4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.02%	—

Volatility

Volatility by Period

	PBPH	PJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	16.38%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	16.17%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	18.39%	-1.61%

PBPH vs. PJP - Expense Ratio Comparison

PBPH has a 0.13% expense ratio, which is lower than PJP's 0.58% expense ratio.

Dividends

PBPH vs. PJP - Dividend Comparison

PBPH's dividend yield for the trailing twelve months is around 0.09%, less than PJP's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PJP Invesco Dynamic Pharmaceuticals ETF	0.99%	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 PBPH and PJP in my portfolio?

PBPH and PJP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBPH or PJP?

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, PBPH or PJP?

PBPH is cheaper with a 0.13% expense ratio, compared with 0.58% for PJP.

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

PJP has the higher dividend yield at 0.99%, compared with 0.09% for PBPH.

What is the main difference between PBPH and PJP?

PBPH tracks BITA Global Pharma and Biotech Select Index, while PJP tracks Dynamic Pharmaceuticals Intellidex Index. They also come from different issuers: Portfolio Building Block and Invesco. Their fees differ too: 0.13% for PBPH and 0.58% for PJP.