PJP vs. FXAIX
Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and Fidelity 500 Index Fund (FXAIX).
PJP is a passively managed fund by Invesco that tracks the performance of the Dynamic Pharmaceuticals Intellidex Index. It was launched on Jun 23, 2005. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJP or FXAIX.
Performance
PJP vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, PJP achieves a 14.68% return, which is significantly lower than FXAIX's 26.70% return. Over the past 10 years, PJP has underperformed FXAIX with an annualized return of 4.07%, while FXAIX has yielded a comparatively higher 13.12% annualized return.
PJP
14.68%
-0.39%
10.06%
24.55%
8.08%
4.07%
FXAIX
26.70%
3.09%
13.28%
32.84%
15.78%
13.12%
Key characteristics
| PJP | FXAIX | |
|---|---|---|
| Sharpe Ratio | 1.91 | 2.68 |
| Sortino Ratio | 2.58 | 3.58 |
| Omega Ratio | 1.32 | 1.50 |
| Calmar Ratio | 1.59 | 3.89 |
| Martin Ratio | 11.03 | 17.48 |
| Ulcer Index | 2.23% | 1.88% |
| Daily Std Dev | 12.86% | 12.24% |
| Max Drawdown | -37.06% | -33.79% |
| Current Drawdown | -3.29% | -0.46% |
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PJP vs. FXAIX - Expense Ratio Comparison
PJP has a 0.58% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between PJP and FXAIX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PJP vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
PJP vs. FXAIX - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 0.89%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJP Invesco Dynamic Pharmaceuticals ETF | 0.89% | 1.01% | 0.95% | 0.81% | 0.76% | 0.77% | 1.11% | 0.65% | 0.91% | 5.49% | 2.96% | 0.44% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
PJP vs. FXAIX - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PJP and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PJP vs. FXAIX - Volatility Comparison
Invesco Dynamic Pharmaceuticals ETF (PJP) has a higher volatility of 4.74% compared to Fidelity 500 Index Fund (FXAIX) at 3.96%. This indicates that PJP's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.