PJP vs VOO
Invesco Pharmaceuticals ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PJP delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PJP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.03% | |
| AUM | $458M | $979.0B | |
| Dividend Yield | 0.90% | 1.09% | |
| Holdings | 34 | 509 | |
| YTD Return | +20.41% | +13.72% | |
| 1Y Return | +44.02% | +21.63% | |
| 3Y Return (annualized) | +17.51% | +21.55% | |
| 5Y Return (annualized) | +9.92% | +13.26% | |
| Volatility (annualized) | 15.7% | 14.1% | |
| Max Drawdown | -42.4% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Sep 7, 2010 |
PJP vs VOO Performance
Invesco Pharmaceuticals ETF (PJP) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PJP returned +44.02% while VOO returned +21.63%. Year to date, PJP is up 20.41% versus a gain of 13.72% for VOO.
Over three years, PJP compounded at +17.51% per year against +21.55% for VOO; over five years the annualized figures are +9.92% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.56% annualized vs +10.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJP has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -42.4% for PJP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJP charges 0.57% per year while VOO charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, PJP currently yields 0.90% against 1.09% for VOO.
Holdings Overlap
PJP and VOO share 12 holdings out of 523 unique holdings combined, representing a 5.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PJP or VOO?
PJP has an expense ratio of 0.57% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, PJP or VOO?
Over the past year PJP returned +44.02% vs +21.63% for VOO, so PJP leads on 1-year performance. Over the longest common window we track (16 years), PJP annualized +10.88% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, PJP or VOO?
PJP has been the more volatile fund at 15.7% annualized versus 14.1% for VOO. Worst drawdown: PJP -42.4% vs VOO -34.3%.
Should I hold both PJP and VOO?
PJP and VOO have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJP and VOO?
PJP and VOO share 12 common holdings with a 5.0% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, PJP or VOO?
PJP yields 0.90% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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