PJP vs. XPH
Compare and contrast key facts about Invesco Dynamic Pharmaceuticals ETF (PJP) and SPDR S&P Pharmaceuticals ETF (XPH).
PJP and XPH 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. XPH is a passively managed fund by State Street that tracks the performance of the S&P Pharmaceuticals Select Industry Index. It was launched on Jun 19, 2006. Both PJP and XPH 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 XPH.
Key characteristics
| PJP | XPH | |
|---|---|---|
| YTD Return | 15.50% | 13.20% |
| 1Y Return | 28.19% | 33.34% |
| 3Y Return (Ann) | 4.35% | 0.52% |
| 5Y Return (Ann) | 8.92% | 5.00% |
| 10Y Return (Ann) | 4.06% | 0.21% |
| Sharpe Ratio | 2.34 | 1.97 |
| Sortino Ratio | 3.12 | 2.80 |
| Omega Ratio | 1.39 | 1.33 |
| Calmar Ratio | 1.74 | 0.85 |
| Martin Ratio | 14.58 | 5.24 |
| Ulcer Index | 2.04% | 6.44% |
| Daily Std Dev | 12.73% | 17.14% |
| Max Drawdown | -37.06% | -48.03% |
| Current Drawdown | -2.07% | -19.10% |
Correlation
The correlation between PJP and XPH is 0.87, 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. XPH - Performance Comparison
In the year-to-date period, PJP achieves a 15.50% return, which is significantly higher than XPH's 13.20% return. Over the past 10 years, PJP has outperformed XPH with an annualized return of 4.06%, while XPH has yielded a comparatively lower 0.21% 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. XPH - Expense Ratio Comparison
PJP has a 0.58% expense ratio, which is higher than XPH's 0.35% expense ratio.
Risk-Adjusted Performance
PJP vs. XPH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Pharmaceuticals ETF (PJP) and SPDR S&P Pharmaceuticals ETF (XPH). 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. XPH - Dividend Comparison
PJP's dividend yield for the trailing twelve months is around 0.88%, less than XPH's 1.50% 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% |
XPH SPDR S&P Pharmaceuticals ETF | 1.50% | 1.28% | 1.64% | 0.95% | 0.47% | 0.64% | 0.65% | 0.67% | 0.63% | 7.15% | 5.55% | 2.06% |
Drawdowns
PJP vs. XPH - Drawdown Comparison
The maximum PJP drawdown since its inception was -37.06%, smaller than the maximum XPH drawdown of -48.03%. Use the drawdown chart below to compare losses from any high point for PJP and XPH. For additional features, visit the drawdowns tool.
Volatility
PJP vs. XPH - Volatility Comparison
The current volatility for Invesco Dynamic Pharmaceuticals ETF (PJP) is 3.30%, while SPDR S&P Pharmaceuticals ETF (XPH) has a volatility of 5.25%. This indicates that PJP experiences smaller price fluctuations and is considered to be less risky than XPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.