XPH vs. PBPH
XPH (SPDR S&P Pharmaceuticals ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds - XPH tracks the S&P Pharmaceuticals Select Industry Index while PBPH tracks the BITA Global Pharma and Biotech Select Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. XPH charges 0.35%/yr vs 0.13%/yr for PBPH.
Performance
XPH vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, XPH achieves a 0.66% return, which is significantly higher than PBPH's -1.13% return.
XPH
- 1D
- 1.10%
- 1M
- -4.74%
- YTD
- 0.66%
- 6M
- 4.44%
- 1Y
- 37.98%
- 3Y*
- 13.07%
- 5Y*
- 3.50%
- 10Y*
- 3.44%
PBPH
- 1D
- 0.58%
- 1M
- 0.07%
- YTD
- -1.13%
- 6M
- -0.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XPH vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XPH SPDR S&P Pharmaceuticals ETF | 0.66% | 3.53% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | -1.13% | 0.76% |
Correlation
The correlation between XPH and PBPH is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.56 |
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Return for Risk
XPH vs. PBPH — Risk / Return Rank
XPH
PBPH
XPH vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pharmaceuticals ETF (XPH) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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.
| XPH | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | — | — |
| Martin ratioReturn relative to average drawdown | 11.37 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XPH | PBPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | -0.04 | +0.43 |
Drawdowns
XPH vs. PBPH - Drawdown Comparison
The maximum XPH drawdown since its inception was -48.03%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for XPH and PBPH.
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Drawdown Indicators
| XPH | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.03% | -11.10% | -36.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | — | — |
Current DrawdownCurrent decline from peak | -7.22% | -8.69% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -4.23% | -13.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | — | — |
Volatility
XPH vs. PBPH - Volatility Comparison
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Volatility by Period
| XPH | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 16.78% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 16.78% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 16.78% | +5.32% |
XPH vs. PBPH - Expense Ratio Comparison
XPH has a 0.35% expense ratio, which is higher than PBPH's 0.13% expense ratio.
Dividends
XPH vs. PBPH - Dividend Comparison
XPH's dividend yield for the trailing twelve months is around 0.66%, more than PBPH's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.09% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XPH SPDR S&P Pharmaceuticals ETF | 0.66% | 0.83% | 1.58% | 1.28% | 1.64% | 0.95% | 0.47% | 0.64% | 0.65% | 0.67% | 0.63% | 7.15% |
Frequently Asked Questions
XPH and PBPH have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.35% for XPH.
XPH has the higher dividend yield at 0.66%, compared with 0.09% for PBPH.
XPH tracks S&P Pharmaceuticals Select Industry Index, while PBPH tracks BITA Global Pharma and Biotech Select Index. They also come from different issuers: State Street and Portfolio Building Block. Their fees differ too: 0.35% for XPH and 0.13% for PBPH.
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