PTH vs. PJP
Compare and contrast key facts about Invesco DWA Healthcare Momentum ETF (PTH) and Invesco Dynamic Pharmaceuticals ETF (PJP).
PTH and PJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTH is a passively managed fund by Invesco that tracks the performance of the Dynamic Healthcare Sector Intellidex Index. It was launched on Oct 12, 2006. 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 PTH 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: PTH or PJP.
Key characteristics
| PTH | PJP | |
|---|---|---|
| YTD Return | 22.76% | 18.58% |
| 1Y Return | 58.79% | 32.60% |
| 3Y Return (Ann) | -4.28% | 4.66% |
| 5Y Return (Ann) | 12.05% | 9.30% |
| 10Y Return (Ann) | 10.83% | 4.56% |
| Sharpe Ratio | 2.19 | 2.36 |
| Sortino Ratio | 2.90 | 3.16 |
| Omega Ratio | 1.34 | 1.40 |
| Calmar Ratio | 1.02 | 1.74 |
| Martin Ratio | 8.17 | 14.64 |
| Ulcer Index | 6.46% | 2.03% |
| Daily Std Dev | 24.18% | 12.58% |
| Max Drawdown | -53.52% | -37.06% |
| Current Drawdown | -23.49% | 0.00% |
Correlation
The correlation between PTH and PJP is 0.75, 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
PTH vs. PJP - Performance Comparison
In the year-to-date period, PTH achieves a 22.76% return, which is significantly higher than PJP's 18.58% return. Over the past 10 years, PTH has outperformed PJP with an annualized return of 10.83%, while PJP has yielded a comparatively lower 4.56% 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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PTH vs. PJP - Expense Ratio Comparison
PTH has a 0.60% expense ratio, which is higher than PJP's 0.58% expense ratio.
Risk-Adjusted Performance
PTH vs. PJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) 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
PTH vs. PJP - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 0.05%, less than PJP's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% |
PJP Invesco Dynamic Pharmaceuticals ETF | 0.86% | 1.01% | 0.95% | 0.81% | 0.76% | 0.77% | 1.11% | 0.65% | 0.91% | 5.49% | 2.96% | 0.44% |
Drawdowns
PTH vs. PJP - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, which is greater than PJP's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for PTH and PJP. For additional features, visit the drawdowns tool.
Volatility
PTH vs. PJP - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 6.17% compared to Invesco Dynamic Pharmaceuticals ETF (PJP) at 3.30%. This indicates that PTH's price experiences larger fluctuations and is considered to be riskier than PJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.