PPH vs. FPHAX
PPH (VanEck Pharmaceutical ETF) and FPHAX (Fidelity Select Pharmaceuticals Portfolio) are both Health & Biotech Equities funds. Over the past 10 years, PPH returned 7.99%/yr vs 11.56%/yr for FPHAX. Their correlation of 0.89 means they have usually moved in the same direction. PPH charges 0.36%/yr vs 0.67%/yr for FPHAX.
Performance
PPH vs. FPHAX - Performance Comparison
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Returns By Period
In the year-to-date period, PPH achieves a 8.50% return, which is significantly lower than FPHAX's 12.79% return. Over the past 10 years, PPH has underperformed FPHAX with an annualized return of 7.99%, while FPHAX has yielded a comparatively higher 11.56% annualized return.
PPH
- 1D
- -1.08%
- 1M
- -0.89%
- 6M
- 4.81%
- YTD
- 8.50%
- 1Y
- 33.42%
- 3Y*
- 13.78%
- 5Y*
- 10.23%
- 10Y*
- 7.99%
- ALL TIME*
- 5.76%
FPHAX
- 1D
- -1.65%
- 1M
- -4.52%
- 6M
- 10.36%
- YTD
- 12.79%
- 1Y
- 48.98%
- 3Y*
- 19.23%
- 5Y*
- 12.98%
- 10Y*
- 11.56%
- ALL TIME*
- 9.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $23.32M | $26.79M | $26.37M |
PPH vs. FPHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPH VanEck Pharmaceutical ETF | 8.50% | 22.00% | 8.05% | 6.95% | 2.64% | 17.79% | 5.49% | 19.39% | -5.89% | 15.23% |
FPHAX Fidelity Select Pharmaceuticals Portfolio | 12.79% | 30.41% | 9.39% | 12.54% | 0.94% | 11.79% | 11.16% | 31.73% | 5.41% | 10.70% |
Correlation
The correlation between PPH and FPHAX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2001 | 0.89 |
The correlation between PPH and FPHAX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
PPH vs. FPHAX — Risk / Return Rank
PPH
FPHAX
PPH vs. FPHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Pharmaceutical ETF (PPH) and Fidelity Select Pharmaceuticals Portfolio (FPHAX). 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.
| PPH | FPHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 4.53 | -1.17 |
| Martin ratioReturn relative to average drawdown | 8.51 | 13.77 | -5.26 |
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Drawdowns
PPH vs. FPHAX - Drawdown Comparison
The maximum PPH drawdown since its inception was -51.45%, which is greater than FPHAX's maximum drawdown of -38.26%. Use the drawdown chart below to compare losses from any high point for PPH and FPHAX.
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Drawdown Indicators
| PPH | FPHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.45% | -38.26% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -10.33% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -28.82% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | -28.82% | +8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -29.70% | -28.82% | -0.88% |
Current DrawdownCurrent decline from peak | -2.79% | -5.24% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -17.22% | -9.13% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 3.41% | +0.83% |
Volatility
PPH vs. FPHAX - Volatility Comparison
VanEck Pharmaceutical ETF (PPH) and Fidelity Select Pharmaceuticals Portfolio (FPHAX) have volatilities of 6.53% and 6.43%, 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
| PPH | FPHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 6.43% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 15.25% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 20.24% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 18.35% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 17.93% | -0.88% |
PPH vs. FPHAX - Expense Ratio Comparison
PPH has a 0.36% expense ratio, which is lower than FPHAX's 0.67% expense ratio.
Dividends
PPH vs. FPHAX - Dividend Comparison
PPH's dividend yield for the trailing twelve months is around 1.97%, less than FPHAX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPHAX Fidelity Select Pharmaceuticals Portfolio | 4.93% | 5.68% | 1.90% | 8.08% | 5.18% | 11.09% | 8.85% | 8.33% | 1.65% | 1.62% | 1.07% | 12.63% |
PPH VanEck Pharmaceutical ETF | 1.97% | 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 FPHAX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPH has higher volatility (6.53%) compared to FPHAX (6.43%). In terms of maximum drawdown, PPH dropped -51.45% vs FPHAX's -38.26%.
FPHAX currently has the higher Sharpe Ratio (2.32 vs 2.02), 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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