PJP vs. XLV
Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and Health Care Select Sector SPDR Fund (XLV).
PJP and XLV 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. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both PJP and XLV 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 XLV.
Key characteristics
| PJP | XLV | |
|---|---|---|
| YTD Return | 15.19% | 9.84% |
| 1Y Return | 27.37% | 20.82% |
| 3Y Return (Ann) | 4.25% | 5.09% |
| 5Y Return (Ann) | 8.66% | 11.24% |
| 10Y Return (Ann) | 4.03% | 10.00% |
| Sharpe Ratio | 2.20 | 2.02 |
| Sortino Ratio | 2.94 | 2.78 |
| Omega Ratio | 1.37 | 1.38 |
| Calmar Ratio | 1.63 | 2.02 |
| Martin Ratio | 13.59 | 9.96 |
| Ulcer Index | 2.05% | 2.16% |
| Daily Std Dev | 12.68% | 10.62% |
| Max Drawdown | -37.06% | -39.18% |
| Current Drawdown | -2.33% | -5.45% |
Correlation
The correlation between PJP and XLV is 0.84, 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. XLV - Performance Comparison
In the year-to-date period, PJP achieves a 15.19% return, which is significantly higher than XLV's 9.84% return. Over the past 10 years, PJP has underperformed XLV with an annualized return of 4.03%, while XLV has yielded a comparatively higher 10.00% 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. XLV - Expense Ratio Comparison
PJP has a 0.58% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
PJP vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and Health Care Select Sector SPDR Fund (XLV). 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. XLV - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 0.89%, less than XLV's 1.53% 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% |
XLV Health Care Select Sector SPDR Fund | 1.53% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
Drawdowns
PJP vs. XLV - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for PJP and XLV. For additional features, visit the drawdowns tool.
Volatility
PJP vs. XLV - Volatility Comparison
Invesco Dynamic Pharmaceuticals ETF (PJP) has a higher volatility of 3.31% compared to Health Care Select Sector SPDR Fund (XLV) at 2.81%. This indicates that PJP's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.