PINK vs. JDOC

Last updated Jun 4, 2026

PINK (Simplify Health Care ETF) and JDOC (Jpmorgan Healthcare Leaders ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past year, PINK returned 31.27% vs 12.36% for JDOC. A 0.79 correlation means they provide meaningful diversification when combined. PINK charges 0.50%/yr vs 0.65%/yr for JDOC.

Performance

PINK vs. JDOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Health Care ETF (PINK) and Jpmorgan Healthcare Leaders ETF (JDOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINK achieves a 2.39% return, which is significantly higher than JDOC's -4.49% return.

PINK

• 1D: 1.24%
• 1M: 7.28%
• YTD: 2.39%
• 6M: 2.11%
• 1Y: 31.27%
• 3Y*: 14.42%
• 5Y*: —
• 10Y*: —

JDOC

• 1D: 0.50%
• 1M: 0.16%
• YTD: -4.49%
• 6M: -4.39%
• 1Y: 12.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PINK vs. JDOC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PINK Simplify Health Care ETF	2.39%	24.34%	8.81%	11.65%
JDOC Jpmorgan Healthcare Leaders ETF	-4.49%	15.36%	-1.04%	10.71%

Correlation

The correlation between PINK and JDOC is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 3, 2023	0.79

The correlation between PINK and JDOC has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

PINK vs. JDOC - Sectors Allocation Comparison

Sectors	PINK	JDOC
Healthcare	93.1%	100.0%
Industrials	6.9%	-
Financial Services	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PINK vs. JDOC — Risk / Return Rank

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

PINK

PINK Risk / Return Rank: 44
PINK Sharpe Ratio Rank: 50
PINK Sortino Ratio Rank: 51
PINK Omega Ratio Rank: 46
PINK Calmar Ratio Rank: 38
PINK Martin Ratio Rank: 36

JDOC

JDOC Risk / Return Rank: 26
JDOC Sharpe Ratio Rank: 25
JDOC Sortino Ratio Rank: 26
JDOC Omega Ratio Rank: 24
JDOC Calmar Ratio Rank: 27
JDOC Martin Ratio Rank: 25

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.

PINK vs. JDOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) and Jpmorgan Healthcare Leaders ETF (JDOC). 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.

	PINK	JDOC	Difference
Sharpe ratio Return per unit of total volatility	1.73	0.88	+0.85
Sortino ratio Return per unit of downside risk	2.50	1.38	+1.11
Omega ratio Gain probability vs. loss probability	1.29	1.16	+0.13
Calmar ratio Return relative to maximum drawdown	1.87	1.28	+0.59
Martin ratio Return relative to average drawdown	5.62	3.34	+2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PINK vs. JDOC - Sharpe Ratio Comparison

The current PINK Sharpe Ratio is 1.73, which is higher than the JDOC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of PINK and JDOC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PINK	JDOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	0.88	+0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.53	+0.03

Drawdowns

PINK vs. JDOC - Drawdown Comparison

The maximum PINK drawdown since its inception was -18.77%, smaller than the maximum JDOC drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for PINK and JDOC.

Drawdown Indicators

	PINK	JDOC	Difference
Max Drawdown Largest peak-to-trough decline	-18.77%	-20.87%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-16.81%	-9.68%	-7.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	—	—
Current Drawdown Current decline from peak	-2.84%	-7.47%	+4.63%
Average Drawdown Average peak-to-trough decline	-6.75%	-6.98%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	3.71%	+1.86%

Volatility

PINK vs. JDOC - Volatility Comparison

Simplify Health Care ETF (PINK) has a higher volatility of 4.36% compared to Jpmorgan Healthcare Leaders ETF (JDOC) at 3.97%. This indicates that PINK's price experiences larger fluctuations and is considered to be riskier than JDOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINK	JDOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	3.97%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	13.44%	9.97%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	14.08%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	14.32%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	14.32%	+3.25%

PINK vs. JDOC - Expense Ratio Comparison

PINK has a 0.50% expense ratio, which is lower than JDOC's 0.65% expense ratio.

Dividends

PINK vs. JDOC - Dividend Comparison

PINK's dividend yield for the trailing twelve months is around 0.67%, less than JDOC's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021
JDOC Jpmorgan Healthcare Leaders ETF	0.93%	0.89%	5.57%	0.15%	0.00%	0.00%
PINK Simplify Health Care ETF	0.67%	0.68%	0.32%	0.94%	0.42%	0.04%

Frequently Asked Questions

Can I hold both PINK and JDOC in my portfolio?

PINK and JDOC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINK or JDOC?

PINK has higher volatility (4.36%) compared to JDOC (3.97%). In terms of maximum drawdown, PINK dropped -18.77% vs JDOC's -20.87%.

Which ETF is better, PINK or JDOC?

On 1-year performance, PINK leads with 31.27% vs 12.36% for JDOC. On fees, PINK is cheaper at 0.50% per year. On volatility, JDOC has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PINK or JDOC?

Over the 1-year period, PINK has performed better with a 31.27% return vs 12.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PINK or JDOC?

PINK is cheaper with a 0.50% expense ratio, compared with 0.65% for JDOC.

Which ETF pays a higher dividend yield, PINK or JDOC?

JDOC has the higher dividend yield at 0.93%, compared with 0.67% for PINK.

What is the main difference between PINK and JDOC?

They also come from different issuers: Simplify and JPMorgan. Their fees differ too: 0.50% for PINK and 0.65% for JDOC.

Which has better risk-adjusted returns?

PINK currently has the higher Sharpe Ratio (1.73 vs 0.88), 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.