PJP vs. HIMZ

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and Defiance Daily Target 2X Long HIMS ETF (HIMZ).

PJP and HIMZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HIMZ is an actively managed fund by Defiance. It was launched on Mar 12, 2025.

Performance

PJP vs. HIMZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Pharmaceuticals ETF (PJP) and Defiance Daily Target 2X Long HIMS ETF (HIMZ). The values are adjusted to include any dividend payments, if applicable.

PJP vs. HIMZ - Yearly Performance Comparison

	2026 (YTD)	2025
PJP Invesco Dynamic Pharmaceuticals ETF	-0.44%	26.08%
HIMZ Defiance Daily Target 2X Long HIMS ETF	-71.55%	-65.21%

Returns By Period

In the year-to-date period, PJP achieves a -0.44% return, which is significantly higher than HIMZ's -71.55% return.

PJP

• 1D: 3.04%
• 1M: -3.96%
• YTD: -0.44%
• 6M: 12.79%
• 1Y: 21.16%
• 3Y*: 12.12%
• 5Y*: 6.67%
• 10Y*: 6.42%

HIMZ

• 1D: 21.95%
• 1M: 69.46%
• YTD: -71.55%
• 6M: -92.53%
• 1Y: -88.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PJP vs. HIMZ - Expense Ratio Comparison

PJP has a 0.58% expense ratio, which is lower than HIMZ's 1.31% expense ratio.

HIMZ

Defiance Daily Target 2X Long HIMS ETF

PJP

Invesco Dynamic Pharmaceuticals ETF

Return for Risk

PJP vs. HIMZ — Risk / Return Rank

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

PJP

PJP Risk / Return Rank: 62
PJP Sharpe Ratio Rank: 66
PJP Sortino Ratio Rank: 64
PJP Omega Ratio Rank: 57
PJP Calmar Ratio Rank: 71
PJP Martin Ratio Rank: 54

HIMZ

HIMZ Risk / Return Rank: 5
HIMZ Sharpe Ratio Rank: 5
HIMZ Sortino Ratio Rank: 10
HIMZ Omega Ratio Rank: 10
HIMZ Calmar Ratio Rank: 0
HIMZ Martin Ratio Rank: 2

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.

PJP vs. HIMZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and Defiance Daily Target 2X Long HIMS ETF (HIMZ). 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.

	PJP	HIMZ	Difference
Sharpe ratio Return per unit of total volatility	1.12	-0.43	+1.56
Sortino ratio Return per unit of downside risk	1.58	0.02	+1.56
Omega ratio Gain probability vs. loss probability	1.20	1.00	+0.20
Calmar ratio Return relative to maximum drawdown	1.77	-0.89	+2.67
Martin ratio Return relative to average drawdown	5.03	-1.25	+6.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJP vs. HIMZ - Sharpe Ratio Comparison

The current PJP Sharpe Ratio is 1.12, which is higher than the HIMZ Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of PJP and HIMZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PJP	HIMZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	-0.43	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	-0.44	+1.02

Correlation

The correlation between PJP and HIMZ is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PJP vs. HIMZ - Dividend Comparison

PJP's dividend yield for the trailing twelve months is around 1.02%, less than HIMZ's 8.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PJP Invesco Dynamic Pharmaceuticals ETF	1.02%	0.98%	0.97%	1.01%	0.95%	0.81%	0.75%	0.77%	1.12%	0.65%	0.91%	5.49%
HIMZ Defiance Daily Target 2X Long HIMS ETF	8.59%	2.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PJP vs. HIMZ - Drawdown Comparison

The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum HIMZ drawdown of -98.18%. Use the drawdown chart below to compare losses from any high point for PJP and HIMZ.

Drawdown Indicators

	PJP	HIMZ	Difference
Max Drawdown Largest peak-to-trough decline	-37.06%	-98.18%	+61.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.68%	-98.18%	+86.50%
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	-5.83%	-96.91%	+91.08%
Average Drawdown Average peak-to-trough decline	-8.90%	-64.39%	+55.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	70.45%	-65.57%

Volatility

PJP vs. HIMZ - Volatility Comparison

The current volatility for Invesco Dynamic Pharmaceuticals ETF (PJP) is 6.62%, while Defiance Daily Target 2X Long HIMS ETF (HIMZ) has a volatility of 79.45%. This indicates that PJP experiences smaller price fluctuations and is considered to be less risky than HIMZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJP	HIMZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	79.45%	-72.83%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	127.80%	-116.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.11%	203.42%	-184.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	203.86%	-187.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	203.86%	-185.44%