Correlation
The correlation between PJP and IHI is 0.70, 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.
PJP vs. IHI
Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and iShares U.S. Medical Devices ETF (IHI).
PJP and IHI 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. IHI is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Medical Equipment Index. It was launched on May 5, 2006. Both PJP and IHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJP or IHI.
Performance
PJP vs. IHI - Performance Comparison
Loading data...
Key characteristics
PJP:
0.12
IHI:
0.60
PJP:
0.12
IHI:
0.85
PJP:
1.02
IHI:
1.12
PJP:
0.01
IHI:
0.55
PJP:
0.02
IHI:
2.17
PJP:
5.58%
IHI:
4.58%
PJP:
17.43%
IHI:
18.37%
PJP:
-37.06%
IHI:
-49.64%
PJP:
-10.38%
IHI:
-6.18%
Returns By Period
In the year-to-date period, PJP achieves a -3.06% return, which is significantly lower than IHI's 6.20% return. Over the past 10 years, PJP has underperformed IHI with an annualized return of 1.65%, while IHI has yielded a comparatively higher 12.55% annualized return.
PJP
-3.06%
-0.01%
-7.38%
2.00%
2.29%
5.45%
1.65%
IHI
6.20%
4.05%
2.29%
10.97%
4.72%
7.50%
12.55%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PJP vs. IHI - Expense Ratio Comparison
PJP has a 0.58% expense ratio, which is higher than IHI's 0.43% expense ratio.
Risk-Adjusted Performance
PJP vs. IHI — Risk-Adjusted Performance Rank
PJP
IHI
PJP vs. IHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and iShares U.S. Medical Devices ETF (IHI). 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.
Loading data...
Dividends
PJP vs. IHI - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 1.14%, more than IHI's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJP Invesco Dynamic Pharmaceuticals ETF | 1.14% | 0.97% | 1.01% | 0.95% | 0.81% | 0.75% | 0.77% | 1.12% | 0.65% | 0.91% | 5.49% | 2.96% |
IHI iShares U.S. Medical Devices ETF | 0.44% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% |
Drawdowns
PJP vs. IHI - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum IHI drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for PJP and IHI.
Loading data...
Volatility
PJP vs. IHI - Volatility Comparison
Invesco Dynamic Pharmaceuticals ETF (PJP) has a higher volatility of 6.60% compared to iShares U.S. Medical Devices ETF (IHI) at 4.94%. This indicates that PJP's price experiences larger fluctuations and is considered to be riskier than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...