PPH vs. PJP
Compare and contrast key facts about VanEck Vectors Pharmaceutical ETF (PPH) and Invesco Dynamic Pharmaceuticals ETF (PJP).
PPH and PJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Pharmaceutical 25 Index. It was launched on Dec 20, 2011. 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. Both PPH and PJP 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: PPH or PJP.
Performance
PPH vs. PJP - Performance Comparison
Returns By Period
In the year-to-date period, PPH achieves a 9.62% return, which is significantly lower than PJP's 13.29% return. Over the past 10 years, PPH has outperformed PJP with an annualized return of 5.00%, while PJP has yielded a comparatively lower 3.94% annualized return.
PPH
9.62%
-6.04%
-1.66%
14.70%
9.44%
5.00%
PJP
13.29%
-2.43%
8.44%
23.04%
7.82%
3.94%
Key characteristics
| PPH | PJP | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.83 |
| Sortino Ratio | 1.98 | 2.48 |
| Omega Ratio | 1.25 | 1.31 |
| Calmar Ratio | 1.20 | 1.52 |
| Martin Ratio | 4.37 | 10.60 |
| Ulcer Index | 3.45% | 2.22% |
| Daily Std Dev | 10.81% | 12.81% |
| Max Drawdown | -46.49% | -37.06% |
| Current Drawdown | -11.17% | -4.46% |
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PPH vs. PJP - Expense Ratio Comparison
PPH has a 0.36% expense ratio, which is lower than PJP's 0.58% expense ratio.
Correlation
The correlation between PPH and PJP is 0.83, 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.
Risk-Adjusted Performance
PPH vs. PJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Pharmaceutical ETF (PPH) and Invesco Dynamic Pharmaceuticals ETF (PJP). 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
PPH vs. PJP - Dividend Comparison
PPH's dividend yield for the trailing twelve months is around 1.83%, more than PJP's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPH VanEck Vectors Pharmaceutical ETF | 1.83% | 2.09% | 1.55% | 1.62% | 1.66% | 1.77% | 1.97% | 1.92% | 2.43% | 1.93% | 1.71% | 2.03% |
PJP Invesco Dynamic Pharmaceuticals ETF | 0.90% | 1.01% | 0.95% | 0.81% | 0.76% | 0.77% | 1.11% | 0.65% | 0.91% | 5.49% | 2.96% | 0.44% |
Drawdowns
PPH vs. PJP - Drawdown Comparison
The maximum PPH drawdown since its inception was -46.49%, which is greater than PJP's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for PPH and PJP. For additional features, visit the drawdowns tool.
Volatility
PPH vs. PJP - Volatility Comparison
The current volatility for VanEck Vectors Pharmaceutical ETF (PPH) is 4.03%, while Invesco Dynamic Pharmaceuticals ETF (PJP) has a volatility of 4.57%. This indicates that PPH experiences smaller price fluctuations and is considered to be less risky than PJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.