PPH vs. FLTR
PPH (VanEck Vectors Pharmaceutical ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - PPH is a Health & Biotech Equities fund tracking the MVIS US Listed Pharmaceutical 25 Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, PPH returned 7.46%/yr vs 3.51%/yr for FLTR. At a 0.09 correlation, their price movements are largely independent. PPH charges 0.36%/yr vs 0.14%/yr for FLTR.
Performance
PPH vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, PPH achieves a -0.76% return, which is significantly lower than FLTR's 1.91% return. Over the past 10 years, PPH has outperformed FLTR with an annualized return of 7.46%, while FLTR has yielded a comparatively lower 3.51% annualized return.
PPH
- 1D
- 0.33%
- 1M
- -0.56%
- YTD
- -0.76%
- 6M
- 2.14%
- 1Y
- 17.87%
- 3Y*
- 12.03%
- 5Y*
- 9.22%
- 10Y*
- 7.46%
FLTR
- 1D
- -0.04%
- 1M
- 0.46%
- YTD
- 1.91%
- 6M
- 2.40%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.49%
- 10Y*
- 3.51%
PPH vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPH VanEck Vectors Pharmaceutical ETF | -0.76% | 22.00% | 8.05% | 6.95% | 2.64% | 17.79% | 5.49% | 19.39% | -5.89% | 15.23% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.91% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 2.80% |
Correlation
The correlation between PPH and FLTR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.09 |
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Return for Risk
PPH vs. FLTR — Risk / Return Rank
PPH
FLTR
PPH vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Pharmaceutical ETF (PPH) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| PPH | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.73 | ||
| Sortino ratioReturn per unit of downside risk | -11.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 3.15 | -1.96 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 16.96 | -15.29 |
| Martin ratioReturn relative to average drawdown | 3.88 | 101.23 | -97.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPH | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 6.77 | -5.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 2.11 | -1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.70 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.53 | -0.23 |
Drawdowns
PPH vs. FLTR - Drawdown Comparison
The maximum PPH drawdown since its inception was -51.45%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for PPH and FLTR.
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Drawdown Indicators
| PPH | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.45% | -17.84% | -33.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -0.31% | -10.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -1.93% | -16.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | -3.06% | -17.20% |
Max Drawdown (10Y)Largest decline over 10 years | -29.70% | -17.84% | -11.86% |
Current DrawdownCurrent decline from peak | -8.34% | -0.04% | -8.30% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -0.67% | -16.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 0.05% | +4.56% |
Volatility
PPH vs. FLTR - Volatility Comparison
VanEck Vectors Pharmaceutical ETF (PPH) has a higher volatility of 4.73% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that PPH's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPH | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 0.25% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 0.62% | +11.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.26% | 0.79% | +16.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 2.13% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 5.00% | +11.96% |
PPH vs. FLTR - Expense Ratio Comparison
PPH has a 0.36% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Dividends
PPH vs. FLTR - Dividend Comparison
PPH's dividend yield for the trailing twelve months is around 2.12%, less than FLTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
PPH VanEck Vectors Pharmaceutical ETF | 2.12% | 1.78% | 1.98% | 2.09% | 1.55% | 1.62% | 1.66% | 1.77% | 1.97% | 1.92% | 2.43% | 1.93% |
Frequently Asked Questions
PPH and FLTR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPH has higher volatility (4.73%) compared to FLTR (0.25%). In terms of maximum drawdown, PPH dropped -51.45% vs FLTR's -17.84%.
On 10-year performance, PPH leads with 7.46% vs 3.51% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PPH has performed better with a 7.46% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.36% for PPH.
FLTR has the higher dividend yield at 4.73%, compared with 2.12% for PPH.
PPH is categorized as Health & Biotech Equities, while FLTR is Corporate Bonds. PPH tracks MVIS US Listed Pharmaceutical 25 Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. Their fees differ too: 0.36% for PPH and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 1.04), 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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