PJP vs. USA
Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and Liberty All-Star Equity Fund (USA).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJP or USA.
Key characteristics
| PJP | USA | |
|---|---|---|
| YTD Return | 15.19% | 21.09% |
| 1Y Return | 27.37% | 35.75% |
| 3Y Return (Ann) | 4.25% | 4.36% |
| 5Y Return (Ann) | 8.66% | 12.69% |
| 10Y Return (Ann) | 4.03% | 12.65% |
| Sharpe Ratio | 2.20 | 2.63 |
| Sortino Ratio | 2.94 | 3.52 |
| Omega Ratio | 1.37 | 1.45 |
| Calmar Ratio | 1.63 | 1.68 |
| Martin Ratio | 13.59 | 18.22 |
| Ulcer Index | 2.05% | 2.07% |
| Daily Std Dev | 12.68% | 14.31% |
| Max Drawdown | -37.06% | -69.38% |
| Current Drawdown | -2.33% | -2.19% |
Correlation
The correlation between PJP and USA is 0.57, 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.
Performance
PJP vs. USA - Performance Comparison
In the year-to-date period, PJP achieves a 15.19% return, which is significantly lower than USA's 21.09% return. Over the past 10 years, PJP has underperformed USA with an annualized return of 4.03%, while USA has yielded a comparatively higher 12.65% 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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Risk-Adjusted Performance
PJP vs. USA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and Liberty All-Star Equity Fund (USA). 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. USA - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 0.89%, less than USA's 9.52% 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% | 0.75% | 0.77% | 1.12% | 0.65% | 0.91% | 5.49% | 2.96% | 0.44% |
USA Liberty All-Star Equity Fund | 9.52% | 9.56% | 12.11% | 9.67% | 9.26% | 9.88% | 12.81% | 9.01% | 9.43% | 9.66% | 6.61% | 5.94% |
Drawdowns
PJP vs. USA - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum USA drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for PJP and USA. For additional features, visit the drawdowns tool.
Volatility
PJP vs. USA - Volatility Comparison
The current volatility for Invesco Dynamic Pharmaceuticals ETF (PJP) is 3.31%, while Liberty All-Star Equity Fund (USA) has a volatility of 4.00%. This indicates that PJP experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.