PJP
Invesco Pharmaceuticals ETF
The Invesco Dynamic Pharmaceuticals Portfolio ETF tracks an index of US pharmaceutical companies selected and weighted based on various fundamental and risk factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 362.0 M
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
| Inception date | Jun 23, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ELI LILLY & CO | 5.2 % |
| ABBOTT LABORATORIES | 5.2 % |
| ABBVIE INC | 5.1 % |
| AMGEN INC | 5.1 % |
| JOHNSON & JOHNSON | 5.0 % |
| PFIZER INC | 4.9 % |
| MERCK & CO. INC. | 4.8 % |
| GILEAD SCIENCES INC | 4.7 % |
| CORCEPT THERAPEUTICS INC | 3.8 % |
| AMNEAL PHARMACEUTICALS, INC. CLASS A | 3.6 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 369 |
| Wgt avg mkt cap (mns) | $153,892 |
| Large cap (>$10bn) | 56.3% |
| Mid cap ($2-10bn) | 26.0% |
| Small cap (<$2bn) | 17.5% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.4 % |
 |
IRELAND | 5.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.9% | 37.1% | 17.3% | 13.8% | 6.9% | 5.4% | 10.1% | 10.0% |
| Dividend Yield | 0.3% | 1.6% | 1.3% | 1.2% | 1.1% | 1.0% | 1.4% | 1.3% |
| Total Returns | 5.2% | 38.6% | 18.6% | 15.0% | 8.0% | 6.4% | 11.4% | 11.3% | Ann. Volatility | 17.4% | 16.2% | 16.9% | 15.7% | 16.1% | 18.4% | 19.2% | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 23% |
| MSCI EAFE | 0.61 | 32% |
| MSCI Emg Mkts | 0.35 | 18% |
Liquidity Measures
| Avg. volume (000) | 17 |
| ADV traded (mns) | $2 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $111.08 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 2.21/1.76 |
| Bollinger Bands (Upper/Lower) | $117.72/$105.75 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PJP |
Expenses vs. PJP |
ALTAR Score™ vs. PJP |
|---|---|---|---|---|
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 49.1% | +3 bp | -0.4% |
| XPH | State Street SPDR S&P Pharmaceuticals ETF | 38.6% | -22 bp | -8.1% |
| IYH | iShares U.S. Healthcare ETF | 36.3% | -17 bp | -1.3% |
| IHE | iShares U.S. Pharmaceuticals ETF | 36.2% | -17 bp | -2.3% |
| XLV | Health Care Select Sector SPDR | 35.9% | -49 bp | -0.5% |
| VHT | Vanguard Health Care ETF | 34.5% | -48 bp | -2.0% |
| FHLC | Fidelity MSCI Health Care Index ETF | 34.4% | -49 bp | -1.0% |
| MEDX | Horizon Kinetics Medical ETF | 34.2% | +28 bp | -6.0% |
| IXJ | iShares Global Healthcare ETF | 30.5% | -15 bp | -0.6% |
| PPH | VanEck Pharmaceutical ETF | 28.2% | -21 bp | +0.3% |
Risk and Returns: PJP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/1/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.3%
ALTAR SCORE™
82nd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,396 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. PJP's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places PJP in the 82nd percentile
among funds in the category.
Sell-Side Consensus
$135.19
PRICE TARGET
+14.1%
UPSIDE