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
280.9 M
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
Fund sponsor | Invesco |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 23, 2005 |
Assets (mns) | $281 |
Expense ratio | 57 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
ABBOTT LABORATORIES | 5.9 % |
CORCEPT THERAPEUTICS INC | 5.5 % |
JOHNSON & JOHNSON | 5.3 % |
ABBVIE INC | 5.2 % |
PFIZER INC | 5.1 % |
MERCK & CO. INC. | 4.9 % |
AMGEN INC | 4.8 % |
ELI LILLY & CO | 4.7 % |
BRISTOL-MYERS SQUIBB CO | 4.1 % |
GILEAD SCIENCES INC | 4.0 % |
Constituent Breakdown
Number of holdings | 25 |
Herfindahl-Hirschman Index | 417 |
Wgt avg mkt cap (mns) | $127,147 |
Large cap (>$10bn) | 57.1% |
Mid cap ($2-10bn) | 26.5% |
Small cap (<$2bn) | 16.4% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 89.7 % | |
IRELAND | 6.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 15.2% | 24.2% | 5.3% | 5.1% | 7.5% | 4.0% | 10.8% | Volatility | 12.4% | 12.7% | 13.4% | 15.6% | 19.2% | 19.4% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.48 | 43% |
MSCI EAFE | 0.47 | 41% |
MSCI Emg Mkts | 0.29 | 15% |
Liquidity Measures
Avg. volume (000) | 5 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.12% |
ADV of underlying (mns) | $9,723 |
Technical Indicators
Recent close | $87.57 |
30d moving avg. | $86.87 |
Annualized volatility | 12.7% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 6.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. PJP |
Expenses vs. PJP |
ALTAR Score™ vs. PJP |
---|---|---|---|---|
FTXH | First Trust Nasdaq Pharmaceuticals ETF | 53.6% | +3 bp | -0.6% |
XPH | SPDR S&P Pharmaceuticals ETF | 47.7% | -22 bp | -4.7% |
IHE | iShares U.S. Pharmaceuticals ETF | 38.3% | -17 bp | -1.5% |
MEDX | Horizon Kinetics Medical ETF | 37.6% | +28 bp | -10.4% |
XLV | Health Care Select Sector SPDR Fund | 35.9% | -48 bp | -2.9% |
IYH | iShares U.S. Healthcare ETF | 35.7% | -17 bp | -3.6% |
FHLC | Fidelity MSCI Health Care Index ETF | 34.8% | -49 bp | -4.3% |
VHT | Vanguard Health Care ETF | 32.4% | -47 bp | -4.6% |
PPH | VanEck Pharmaceutical ETF | 32.2% | -21 bp | -0.8% |
IXJ | iShares Global Healthcare ETF | 28.8% | -15 bp | -3.7% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 12/2/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PJP
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
PJP
10.1%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. PJP's ALTAR Score™ is approximately
2.0 standard deviations
above
the category average. This places PJP in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PJPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
PJP (57 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
PJP | 57.0 | 12.3 | 69.3 |
Peer Avg. | 44.7 | 17.0 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .