PJP vs VYM
Invesco Pharmaceuticals ETF vs Vanguard High Dividend Yield ETF
Which is better, PJP or VYM?
Each has led over a different period.
VYM has a lower expense ratio. PJP led over 1Y, 3Y and the full window, VYM over 5Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 48.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PJP | VYM |
|---|---|---|
| Expense Ratio | 0.57% | 0.04%Best |
| AUM | $529M | $81.6B |
| Dividend Yield | 0.87% | 2.24% |
| Holdings | 32 | 613 |
| YTD Return | +24.41%Best | +14.82% |
| 1Y Return | +41.39%Best | +20.84% |
| 3Y Return (annualized) | +20.08%Best | +18.64% |
| 5Y Return (annualized) | +10.85% | +12.28%Best |
| Volatility (annualized) | 16.1% | 14.5%Best |
| Max Drawdown | -42.4%Best | -58.8% |
| $10,000 over 5 years | $16,737 | $17,845Best |
| Top 10 Weight | 48.8% | 25.9%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 23, 2005 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 4, 2026 (19.8 years).
PJP vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.8 years both funds cover.
PJP vs VYM Performance
Invesco Pharmaceuticals ETF (PJP) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year PJP returned +41.39% while VYM returned +20.84%. Year to date, PJP is up 24.41% versus a gain of 14.82% for VYM.
Over three years, PJP compounded at +20.08% per year against +18.64% for VYM; over five years the annualized figures are +10.85% and +12.28% respectively. Across the full 20-year window we track, PJP has the edge at +10.69% annualized vs +7.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJP has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.5% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJP charges 0.57% per year while VYM charges 0.04%. On a $10,000 position that is $57 vs $4 annually, a gap of $53 per year that compounds over a long holding period. On income, PJP currently yields 0.87% against 2.24% for VYM.
Holdings Overlap
43.8% of PJP's money is in holdings VYM also owns. 8.9% of VYM's money is in holdings PJP also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 30 positions we hold weights for in PJP and 603 in VYM, against full books of 32 and 613.
What only one of them owns
Measured across the 30 and 603 positions we hold weights for.
VYM holds 560 positions PJP does not, 88.5% of the fund.
Largest: AVGO 7.29%, JPM 3.38%, XOM 2.36%, CAT 2.01%, CSCO 1.93%
Top Shared Holdings
| Stock | Weight in PJP | Weight in VYM | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 5.09% | 2.54% | 2.55% |
| ABBVAbbvie Inc. | 5.29% | 1.85% | 3.44% |
| ABTAbbott Laboratories | 5.62% | 0.65% | 4.97% |
| MRKMerck & Company Inc | 4.91% | 1.32% | 3.59% |
| AMGNAmgen Inc. | 5.34% | 0.75% | 4.59% |
| GILDGilead Sciences | 4.65% | 0.65% | 4.00% |
| PFEPfizer Inc | 4.59% | 0.57% | 4.02% |
| BMYBristol-Myers Squibb Co. | 2.94% | 0.49% | 2.45% |
| VTRSViatris Inc. | 2.81% | 0.08% | 2.73% |
| PRGOPerrigo Company Plc Ordinary Shares | 2.58% | 0.01% | 2.57% |
43.8% of PJP is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PJP or VYM?
PJP has an expense ratio of 0.57% while VYM charges 0.04%. VYM is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, PJP or VYM?
Over the past year PJP returned +41.39% vs +20.84% for VYM, so PJP leads on 1-year performance. Over the longest common window we track (20 years), PJP annualized +10.69% vs +7.00% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJP or VYM?
PJP has been the more volatile fund at 16.1% annualized versus 14.5% for VYM. Worst drawdown: PJP -42.4% vs VYM -58.8%.
Should I hold both PJP and VYM?
PJP and VYM have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PJP and VYM?
43.8% of PJP's money is in holdings VYM also owns. 8.9% of VYM's is in holdings PJP also owns. They hold 10 positions in common, counted across the 30 positions we hold weights for in PJP and 603 in VYM.
Which pays a higher dividend, PJP or VYM?
PJP yields 0.87% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than PJP?
VYM has a lower expense ratio. PJP led over 1Y, 3Y and the full window, VYM over 5Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.