PJP vs SPY
Comparison between INVESCO PHARMACEUTICALS ETF (PJP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PJP, delivering a return of +13.3% compared to +8.3%
PJP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PJP
$334M
Winner
SPY
$735B
Expense Ratio
PJP
0.57%
Winner
SPY
0.09%
Max Drawdown
Winner
PJP
42.36%
SPY
56.47%
Sharpe Ratio
Winner
PJP
1.87
SPY
1.62
5Y Beta
Winner
PJP
0.54
SPY
1.00
P/E Ratio
PJP
170.25
Winner
SPY
28.99
Forward P/E
Winner
PJP
13.68
SPY
22.37
5Y Dividends CAGR
Winner
PJP
14.00%
SPY
5.43%
5Y EPS CAGR
PJP
12.34%
Winner
SPY
26.05%
Debt to Equity
Winner
PJP
-64.11%
SPY
32.40%
P/S Ratio
Winner
PJP
3.07
SPY
3.74
P/B Ratio
Winner
PJP
3.31
SPY
5.61
PJP vs SPY - Holdings Comparison
PJP and SPY have 13 common holdings. Overlap is 4.56%
PJP's top 25 holdings weight is 91.76%. SPY's top 25 holdings weight is 52.37%.
| Rank | PJP | SPY |
|---|---|---|
| #1 | ELI LILLY AND CO (LLY) - 5.24% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | LIQUIDIA CORP ORDINARY SHARES (LQDA) - 5.08% | APPLE INC (AAPL) - 7.02% |
| #3 | MERCK & CO INC (MRK) - 4.95% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | PFIZER INC (PFE) - 4.88% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | JOHNSON & JOHNSON (JNJ) - 4.79% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | ABBVIE INC (ABBV) - 4.78% | BROADCOM INC (AVGO) - 3.10% |
| #7 | CORCEPT THERAPEUTICS INC (CORT) - 4.69% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | GILEAD SCIENCES INC (GILD) - 4.64% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | AMGEN INC (AMGN) - 4.49% | TESLA INC (TSLA) - 1.89% |
| #10 | TRAVERE THERAPEUTICS INC ORDINARY SHARES (TVTX) - 4.07% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | ABBOTT LABORATORIES (ABT) - 3.87% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | JAZZ PHARMACEUTICALS PLC (JAZZ) - 3.87% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | LIGAND PHARMACEUTICALS INC (LGND) - 3.53% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | UNITED THERAPEUTICS CORP (UTHR) - 3.46% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | HARMONY BIOSCIENCES HOLDINGS INC ORDINARY SHARES (HRMY) - 3.03% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | ANI PHARMACEUTICALS INC (ANIP) - 3.01% | INTEL CORP (INTC) - 0.90% |
| #17 | VIATRIS INC (VTRS) - 2.87% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | BIOGEN INC (BIIB) - 2.81% | VISA INC CLASS A (V) - 0.85% |
| #19 | INNOVIVA INC (INVA) - 2.75% | WALMART INC (WMT) - 0.81% |
| #20 | BRISTOL-MYERS SQUIBB CO (BMY) - 2.67% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | OCULAR THERAPEUTIX INC (OCUL) - 2.63% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | SUPERNUS PHARMACEUTICALS INC (SUPN) - 2.54% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | AMNEAL PHARMACEUTICALS INC ORDINARY SHARES CLASS A (AMRX) - 2.47% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | REGENERON PHARMACEUTICALS INC (REGN) - 2.33% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | TARSUS PHARMACEUTICALS INC ORDINARY SHARES (TARS) - 2.31% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 32 | 505 |
PJP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PJP
+3.93%
SPY
+1.90%
3M
PJP
+5.51%
Winner
SPY
+8.55%
6M
PJP
+5.94%
Winner
SPY
+8.18%
1Y
Winner
PJP
+39.80%
SPY
+25.79%
5Y(CAGR)
PJP
+8.31%
Winner
SPY
+13.32%
10Y(CAGR)
PJP
+6.38%
Winner
SPY
+15.19%
Max(CAGR)
Winner
PJP
+11.37%
SPY
+8.47%
PJP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PJP | SPY |
|---|---|---|
| 2026 | +6.46% | +8.26% |
| 2025 | +27.39% | +18.00% |
| 2024 | +9.12% | +25.59% |
| 2023 | -2.33% | +26.72% |
| 2022 | -1.92% | -18.64% |
| 2021 | +14.21% | +30.52% |
| 2020 | +11.25% | +17.28% |
| 2019 | +4.46% | +31.09% |
| 2018 | -3.87% | -5.24% |
| 2017 | +12.86% | +20.78% |
| 2016 | -17.24% | +13.59% |
| 2015 | +10.80% | +1.31% |
| 2014 | +28.56% | +14.56% |
| 2013 | +53.29% | +29.00% |
| 2012 | +23.50% | +14.17% |
| 2011 | +21.31% | +0.85% |
| 2010 | +25.82% | +13.14% |
| 2009 | +15.10% | +22.67% |
| 2008 | -10.36% | -36.25% |
| 2007 | +0.10% | +5.32% |
| 2006 | +9.49% | +13.85% |
| 2005 | +11.25% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PJP vs SPY Drawdown Comparison
The maximum drawdown for PJP was -37.02%, occurring on Mar 23, 2020. Recovery took 1383 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -2.90%.
| Rank | PJP | SPY |
|---|---|---|
| #1 | -37.02% Jul 20, 2015 - Jan 14, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -36.15% May 7, 2007 - Jan 19, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -17.51% Apr 8, 2022 - Jun 7, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -16.27% Nov 8, 2024 - Aug 13, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -15.74% Jul 8, 2011 - Dec 7, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -12.43% Mar 23, 2010 - Sep 10, 2010 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.45% Mar 4, 2014 - Jun 20, 2014 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.26% Mar 17, 2006 - Oct 4, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.24% Aug 17, 2021 - Apr 7, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.44% Feb 6, 2026 - May 28, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.64% Feb 1, 2007 - Apr 16, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.55% Sep 9, 2005 - Dec 22, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.52% Mar 20, 2015 - Jun 22, 2015 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.47% Feb 8, 2021 - Jun 10, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.36% Jul 3, 2014 - Aug 26, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PJP and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (1999 - 2026)
PJP vs SPY dividend yield comparison.
| Year | PJP | SPY |
|---|---|---|
| 2026 | 0.28% | 0.24% |
| 2025 | 0.98% | 1.07% |
| 2024 | 0.97% | 1.21% |
| 2023 | 1.01% | 1.40% |
| 2022 | 0.95% | 1.65% |
| 2021 | 0.81% | 1.20% |
| 2020 | 0.75% | 1.52% |
| 2019 | 0.77% | 1.75% |
| 2018 | 1.12% | 2.04% |
| 2017 | 0.65% | 1.80% |
| 2016 | 0.91% | 2.03% |
| 2015 | 5.49% | 2.06% |
| 2014 | 2.96% | 1.87% |
| 2013 | 0.44% | 1.81% |
| 2012 | 1.59% | 2.18% |
| 2011 | 0.64% | 2.05% |
| 2010 | 0.54% | 1.80% |
| 2009 | 1.39% | 1.95% |
| 2008 | 0.77% | 3.02% |
| 2007 | 0.44% | 1.85% |
| 2006 | 0.50% | 1.73% |
| 2005 | 0.19% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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