PJP vs. SGOL
PJP (Invesco Dynamic Pharmaceuticals ETF) and SGOL (abrdn Physical Gold Shares ETF) are both exchange-traded funds - PJP is a Health & Biotech Equities fund tracking the Dynamic Pharmaceuticals Intellidex Index, while SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 10 years, PJP returned 7.06%/yr vs 11.62%/yr for SGOL. Their 0.04 correlation means their historical movements had little consistent relationship. PJP charges 0.58%/yr vs 0.17%/yr for SGOL.
Performance
PJP vs. SGOL - Performance Comparison
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Returns By Period
In the year-to-date period, PJP achieves a 15.78% return, which is significantly higher than SGOL's -6.06% return. Over the past 10 years, PJP has underperformed SGOL with an annualized return of 7.06%, while SGOL has yielded a comparatively higher 11.62% annualized return.
PJP
- 1D
- 0.14%
- 1M
- 4.06%
- 6M
- 15.29%
- YTD
- 15.78%
- 1Y
- 43.85%
- 3Y*
- 17.08%
- 5Y*
- 9.28%
- 10Y*
- 7.06%
- ALL TIME*
- 11.71%
SGOL
- 1D
- 0.08%
- 1M
- 0.65%
- 6M
- -18.71%
- YTD
- -6.06%
- 1Y
- 21.20%
- 3Y*
- 27.11%
- 5Y*
- 17.42%
- 10Y*
- 11.62%
- ALL TIME*
- 8.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.91M | $6.38M | $3.32M | |
| $79.87M | $79.24M | $102.39M |
PJP vs. SGOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJP Invesco Dynamic Pharmaceuticals ETF | 15.78% | 27.98% | 9.63% | -2.18% | -2.16% | 14.58% | 11.29% | 4.64% | -1.78% | 15.30% |
SGOL abrdn Physical Gold Shares ETF | -6.06% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
Correlation
The correlation between PJP and SGOL is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2009 | 0.04 |
The correlation between PJP and SGOL shifts across timeframes, from 0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PJP vs. SGOL — Risk / Return Rank
PJP
SGOL
PJP vs. SGOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and abrdn Physical Gold Shares ETF (SGOL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PJP | SGOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.15 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 0.77 | +3.94 |
| Martin ratioReturn relative to average drawdown | 14.61 | 1.73 | +12.88 |
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Drawdowns
PJP vs. SGOL - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum SGOL drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for PJP and SGOL.
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Drawdown Indicators
| PJP | SGOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -45.51% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -26.32% | +16.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -26.32% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.51% | -26.32% | +8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.95% | -26.32% | -7.63% |
Current DrawdownCurrent decline from peak | -1.53% | -24.94% | +23.41% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -18.45% | +9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 11.64% | -8.61% |
Volatility
PJP vs. SGOL - Volatility Comparison
Invesco Dynamic Pharmaceuticals ETF (PJP) and abrdn Physical Gold Shares ETF (SGOL) have volatilities of 6.18% and 6.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJP | SGOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 6.07% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 23.69% | -10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 27.79% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 18.34% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 16.08% | +2.30% |
PJP vs. SGOL - Expense Ratio Comparison
PJP has a 0.58% expense ratio, which is higher than SGOL's 0.17% expense ratio.
Dividends
PJP vs. SGOL - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 0.88%, while SGOL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PJP Invesco Dynamic Pharmaceuticals ETF | 0.88% | 0.98% | 0.97% | 1.01% | 0.95% | 0.81% | 0.75% | 0.77% | 1.12% | 0.65% | 0.91% | 5.49% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PJP and SGOL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PJP has higher volatility (6.18%) compared to SGOL (6.07%). In terms of maximum drawdown, PJP dropped -37.06% vs SGOL's -45.51%.
On 10-year performance, SGOL leads with 11.62% vs 7.06% for PJP. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGOL has performed better with a 11.62% return vs 7.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.58% for PJP.
PJP has the higher dividend yield at 0.88%, compared with 0.00% for SGOL.
PJP is categorized as Health & Biotech Equities, while SGOL is Gold. PJP tracks Dynamic Pharmaceuticals Intellidex Index, while SGOL tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Invesco and abrdn. Their fees differ too: 0.58% for PJP and 0.17% for SGOL.
PJP currently has the higher Sharpe Ratio (2.62 vs 0.73), 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.
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