USA vs. PJP
Compare and contrast key facts about Liberty All-Star Equity Fund (USA) and Invesco Dynamic Pharmaceuticals ETF (PJP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USA or PJP.
Correlation
The correlation between USA and PJP is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USA vs. PJP - Performance Comparison
Key characteristics
USA:
1.43
PJP:
0.84
USA:
1.98
PJP:
1.19
USA:
1.25
PJP:
1.15
USA:
1.40
PJP:
1.06
USA:
9.26
PJP:
4.20
USA:
2.16%
PJP:
2.56%
USA:
14.02%
PJP:
12.87%
USA:
-69.06%
PJP:
-37.06%
USA:
-6.41%
PJP:
-8.09%
Returns By Period
In the year-to-date period, USA achieves a 19.25% return, which is significantly higher than PJP's 8.99% return. Over the past 10 years, USA has outperformed PJP with an annualized return of 12.21%, while PJP has yielded a comparatively lower 3.31% annualized return.
USA
19.25%
-3.52%
6.29%
18.51%
11.22%
12.21%
PJP
8.99%
-1.86%
1.35%
12.52%
5.64%
3.31%
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Risk-Adjusted Performance
USA vs. PJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) 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
USA vs. PJP - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 10.35%, more than PJP's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 10.35% | 9.56% | 12.11% | 9.67% | 9.26% | 9.88% | 12.81% | 9.01% | 9.43% | 9.66% | 6.61% | 5.94% |
PJP Invesco Dynamic Pharmaceuticals ETF | 0.70% | 1.01% | 0.95% | 0.81% | 0.76% | 0.77% | 1.11% | 0.65% | 0.91% | 5.49% | 2.96% | 0.44% |
Drawdowns
USA vs. PJP - Drawdown Comparison
The maximum USA drawdown since its inception was -69.06%, which is greater than PJP's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for USA and PJP. For additional features, visit the drawdowns tool.
Volatility
USA vs. PJP - Volatility Comparison
The current volatility for Liberty All-Star Equity Fund (USA) is 3.50%, while Invesco Dynamic Pharmaceuticals ETF (PJP) has a volatility of 4.09%. This indicates that USA 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.