PJP vs VTI
Invesco Pharmaceuticals ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. PJP delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PJP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.03% | |
| AUM | $529M | $666.9B | |
| Dividend Yield | 0.87% | 1.07% | |
| Holdings | 32 | 3,543 | |
| YTD Return | +25.27% | +12.74% | |
| 1Y Return | +42.06% | +20.66% | |
| 3Y Return (annualized) | +20.40% | +20.69% | |
| 5Y Return (annualized) | +10.56% | +11.52% | |
| Volatility (annualized) | 15.7% | 15.3% | |
| Max Drawdown | -42.4% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | May 24, 2001 |
PJP vs VTI Performance
Invesco Pharmaceuticals ETF (PJP) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PJP returned +42.06% while VTI returned +20.66%. Year to date, PJP is up 25.27% versus a gain of 12.74% for VTI.
Over three years, PJP compounded at +20.40% per year against +20.69% for VTI; over five years the annualized figures are +10.56% and +11.52% respectively. Across the full 21-year window we track, PJP has the edge at +11.06% annualized vs +8.06%. 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 15.3% for VTI. 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 -56.6% for VTI. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJP charges 0.57% per year while VTI 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 0.87% against 1.07% for VTI.
Holdings Overlap
PJP and VTI share 23 holdings out of 2794 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PJP or VTI?
PJP has an expense ratio of 0.57% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, PJP or VTI?
Over the past year PJP returned +42.06% vs +20.66% for VTI, so PJP leads on 1-year performance. Over the longest common window we track (21 years), PJP annualized +11.06% vs +8.06% for VTI. Past performance does not guarantee future results.
Which is riskier, PJP or VTI?
PJP has been the more volatile fund at 15.7% annualized versus 15.3% for VTI. Worst drawdown: PJP -42.4% vs VTI -56.6%.
Should I hold both PJP and VTI?
PJP and VTI have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJP and VTI?
PJP and VTI share 23 common holdings with a 4.6% weight overlap. Combined, they hold 2794 unique securities.
Which pays a higher dividend, PJP or VTI?
PJP yields 0.87% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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