PPH vs. GSKH

Last updated Jun 21, 2026

PPH (VanEck Pharmaceutical ETF) and GSKH (GSK plc ADRhedged ETF) are both Health & Biotech Equities funds - PPH tracks the MVIS US Listed Pharmaceutical 25 Index while GSKH tracks the GSK plc Local Shares Total Return. Both are passively managed. Over the past year, PPH returned 20.23% vs 39.42% for GSKH. A 0.65 correlation means they provide meaningful diversification when combined. PPH charges 0.36%/yr vs 0.19%/yr for GSKH.

Performance

PPH vs. GSKH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Pharmaceutical ETF (PPH) and GSK plc ADRhedged ETF (GSKH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPH achieves a 0.19% return, which is significantly lower than GSKH's 7.33% return.

PPH

• 1D: -1.64%
• 1M: -1.22%
• YTD: 0.19%
• 6M: 1.48%
• 1Y: 20.23%
• 3Y*: 11.36%
• 5Y*: 9.26%
• 10Y*: 8.00%

GSKH

• 1D: -1.73%
• 1M: 0.17%
• YTD: 7.33%
• 6M: 7.39%
• 1Y: 39.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPH vs. GSKH - Yearly Performance Comparison

	2026 (YTD)	2025
PPH VanEck Pharmaceutical ETF	0.19%	21.66%
GSKH GSK plc ADRhedged ETF	7.33%	36.51%

Correlation

The correlation between PPH and GSKH is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	0.65

The correlation between PPH and GSKH has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.

Return for Risk

PPH vs. GSKH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPH

PPH Risk / Return Rank: 34
PPH Sharpe Ratio Rank: 32
PPH Sortino Ratio Rank: 35
PPH Omega Ratio Rank: 31
PPH Calmar Ratio Rank: 38
PPH Martin Ratio Rank: 32

GSKH

GSKH Risk / Return Rank: 41
GSKH Sharpe Ratio Rank: 41
GSKH Sortino Ratio Rank: 44
GSKH Omega Ratio Rank: 42
GSKH Calmar Ratio Rank: 41
GSKH Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PPH vs. GSKH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Pharmaceutical ETF (PPH) and GSK plc ADRhedged ETF (GSKH). 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	GSKH	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.41	-0.30
Sortino ratio: Return per unit of downside risk	1.77	2.14	-0.37
Omega ratio: Gain probability vs. loss probability	1.20	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.81	1.99	-0.17
Martin ratio: Return relative to average drawdown	4.44	5.27	-0.83

PPH vs. GSKH - Sharpe Ratio Comparison

The current PPH Sharpe Ratio is 1.11, which is comparable to the GSKH Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of PPH and GSKH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPH vs. GSKH - Drawdown Comparison

The maximum PPH drawdown since its inception was -51.45%, which is greater than GSKH's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for PPH and GSKH.

Drawdown Indicators

	PPH	GSKH	Difference
Max Drawdown Largest peak-to-trough decline	-51.45%	-18.54%	-32.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-18.54%	+7.78%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.70%	—	—
Current Drawdown Current decline from peak	-7.46%	-13.70%	+6.24%
Average Drawdown Average peak-to-trough decline	-17.29%	-5.82%	-11.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	6.98%	-2.60%

Volatility

PPH vs. GSKH - Volatility Comparison

The current volatility for VanEck Pharmaceutical ETF (PPH) is 6.06%, while GSK plc ADRhedged ETF (GSKH) has a volatility of 6.48%. This indicates that PPH experiences smaller price fluctuations and is considered to be less risky than GSKH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPH	GSKH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	6.48%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	12.13%	18.48%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	26.20%	-8.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	26.92%	-11.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	26.92%	-9.91%

PPH vs. GSKH - Expense Ratio Comparison

PPH has a 0.36% expense ratio, which is higher than GSKH's 0.19% expense ratio.

Dividends

PPH vs. GSKH - Dividend Comparison

PPH's dividend yield for the trailing twelve months is around 2.10%, less than GSKH's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSKH GSK plc ADRhedged ETF	2.89%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PPH VanEck Pharmaceutical ETF	2.10%	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

Can I hold both PPH and GSKH in my portfolio?

PPH and GSKH have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPH or GSKH?

GSKH has higher volatility (6.48%) compared to PPH (6.06%). In terms of maximum drawdown, PPH dropped -51.45% vs GSKH's -18.54%.

Which ETF is better, PPH or GSKH?

On 1-year performance, GSKH leads with 39.42% vs 20.23% for PPH. On fees, GSKH is cheaper at 0.19% per year. On volatility, PPH has been the lower-risk option at 6.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPH or GSKH?

Over the 1-year period, GSKH has performed better with a 39.42% return vs 20.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPH or GSKH?

GSKH is cheaper with a 0.19% expense ratio, compared with 0.36% for PPH.

Which ETF pays a higher dividend yield, PPH or GSKH?

GSKH has the higher dividend yield at 2.89%, compared with 2.10% for PPH.

What is the main difference between PPH and GSKH?

PPH tracks MVIS US Listed Pharmaceutical 25 Index, while GSKH tracks GSK plc Local Shares Total Return. They also come from different issuers: VanEck and ADRhedged. Their fees differ too: 0.36% for PPH and 0.19% for GSKH.

Which has better risk-adjusted returns?

GSKH currently has the higher Sharpe Ratio (1.41 vs 1.11), 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.