PJP vs. PPH
Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and VanEck Vectors Pharmaceutical ETF (PPH).
PJP and PPH 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. PPH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Pharmaceutical 25 Index. It was launched on Dec 20, 2011. Both PJP and PPH 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 PPH.
Key characteristics
| PJP | PPH | |
|---|---|---|
| YTD Return | 15.50% | 15.07% |
| 1Y Return | 28.19% | 24.90% |
| 3Y Return (Ann) | 4.35% | 9.12% |
| 5Y Return (Ann) | 8.92% | 11.28% |
| 10Y Return (Ann) | 4.06% | 5.84% |
| Sharpe Ratio | 2.34 | 2.54 |
| Sortino Ratio | 3.12 | 3.48 |
| Omega Ratio | 1.39 | 1.46 |
| Calmar Ratio | 1.74 | 2.89 |
| Martin Ratio | 14.58 | 11.37 |
| Ulcer Index | 2.04% | 2.33% |
| Daily Std Dev | 12.73% | 10.43% |
| Max Drawdown | -37.06% | -46.76% |
| Current Drawdown | -2.07% | -6.76% |
Correlation
The correlation between PJP and PPH is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PJP vs. PPH - Performance Comparison
The year-to-date returns for both stocks are quite close, with PJP having a 15.50% return and PPH slightly lower at 15.07%. Over the past 10 years, PJP has underperformed PPH with an annualized return of 4.06%, while PPH has yielded a comparatively higher 5.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PJP vs. PPH - Expense Ratio Comparison
PJP has a 0.58% expense ratio, which is higher than PPH's 0.36% expense ratio.
Risk-Adjusted Performance
PJP vs. PPH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and VanEck Vectors Pharmaceutical ETF (PPH). 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. PPH - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 0.88%, less than PPH's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJP Invesco Dynamic Pharmaceuticals ETF | 0.88% | 1.01% | 0.95% | 0.81% | 0.75% | 0.77% | 1.12% | 0.65% | 0.91% | 5.49% | 2.96% | 0.44% |
PPH VanEck Vectors Pharmaceutical ETF | 1.74% | 2.09% | 1.55% | 1.62% | 1.66% | 1.77% | 1.97% | 1.92% | 2.43% | 1.93% | 1.70% | 2.03% |
Drawdowns
PJP vs. PPH - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum PPH drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for PJP and PPH. For additional features, visit the drawdowns tool.
Volatility
PJP vs. PPH - Volatility Comparison
Invesco Dynamic Pharmaceuticals ETF (PJP) has a higher volatility of 3.30% compared to VanEck Vectors Pharmaceutical ETF (PPH) at 2.38%. This indicates that PJP's price experiences larger fluctuations and is considered to be riskier than PPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.