PPH
VanEck Pharmaceutical ETF
VanEck Vectors Pharmaceutical ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the US Listed Pharmaceutical 25 Index.
US
EQUITY
Passive
MANAGEMENT STYLE
1.2 B
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 20, 2011 |
| Assets (mns) | $1,183 |
| Expense ratio | 36 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ELI LILLY & CO | 21.9 % |
| NOVARTIS AG-ADR | 9.1 % |
| MERCK & CO. INC. | 7.4 % |
| NOVO-NORDISK A/S-SPONS ADR | 6.7 % |
| GLAXOSMITHKLINE PLC-SPON ADR | 5.0 % |
| MCKESSON CORP | 5.0 % |
| PFIZER INC | 4.8 % |
| JOHNSON & JOHNSON | 4.6 % |
| SANOFI-AVENTIS-ADR | 4.6 % |
| ABBVIE INC | 4.4 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 887 |
| Wgt avg mkt cap (mns) | $295,245 |
| Large cap (>$10bn) | 95.4% |
| Mid cap ($2-10bn) | 1.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 62.3 % |
 |
BRITAIN | 9.4 % |
 |
SWITZERLAND | 9.1 % |
 |
DENMARK | 6.7 % |
 |
FRANCE | 4.6 % |
 |
JAPAN | 2.3 % |
 |
ISRAEL | 1.8 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.3% | 1.3% | 10.9% | 8.3% | 9.5% | 3.6% | -- | 7.1% |
| Dividend Yield | 1.8% | 2.2% | 2.2% | 2.2% | 2.1% | 2.0% | -- | 2.6% |
| Total Returns | 9.1% | 3.6% | 13.1% | 10.5% | 11.5% | 5.6% | -- | 9.8% | Ann. Volatility | 19.7% | 18.9% | 15.2% | 14.3% | 14.7% | 17.1% | -- | 16.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.49 | 25% |
| MSCI EAFE | 0.47 | 30% |
| MSCI Emg Mkts | 0.28 | 13% |
Liquidity Measures
| Avg. volume (000) | 728 |
| ADV traded (mns) | $68 |
| Turnover | 5.7% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $92.84 |
| 30d moving avg. | $91.39 |
| Annualized volatility | 12.6% |
| Relative strength (RSI) | 57 |
| Short interest | 16.8% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| MEDX | Horizon Kinetics Medical ETF | 49.1% | +49 bp | +1.3% |
| IHE | iShares U.S. Pharmaceuticals ETF | 45.8% | +4 bp | +7.2% |
| THNR | Amplify Weight Loss Drug & Treatment ETF | 39.4% | +23 bp | +7.6% |
| XLV | Health Care Select Sector SPDR Fund | 35.3% | -28 bp | +7.5% |
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 34.1% | +24 bp | +8.8% |
| IYH | iShares U.S. Healthcare ETF | 32.1% | +4 bp | +6.6% |
| VHT | Vanguard Health Care ETF | 32.0% | -27 bp | +5.8% |
| OZEM | Roundhill GLP-1 & Weight Loss ETF | 30.2% | +23 bp | +3.7% |
| FHLC | Fidelity MSCI Health Care Index ETF | 29.8% | -28 bp | +6.1% |
| PJP | Invesco Pharmaceuticals ETF | 28.4% | +21 bp | +8.3% |
Risk and Returns: PPH 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 11/4/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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™
PPH
8.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 996 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. PPH's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places PPH in the 88th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PPHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 217 |
| Avg. Expense Ratio | 31.1 bp |
| Std. Deviation | 25.2 bp |
| PPH (36 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PPH | 36.0 | 1.6 | 37.6 |
| Peer Avg. | 31.1 | 10.5 | 41.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .