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ETFs

Invesco Pharmaceuticals ETF

PJP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.58%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$538,977
AUM
$272,489,682
Associated Index
Dynamic Pharmaceuticals Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AMGN
AMGEN Inc.
6.24%
ABBV
Abbvie Inc
6.17%
MRK
Merck & Co Inc
5.94%
LLY
Lilly(Eli) & Co
5.93%
GILD
Gilead Sciences, Inc.
5.88%
JNJ
Johnson & Johnson
5.81%
ABT
Abbott Laboratories
5.61%
PFE
Pfizer Inc.
5.32%
TARO
Taro Pharmaceutical Industries
3.69%
BHC
Bausch Health Companies Inc
3.64%
Invest with PJP

What is PJP?

The Invesco Dynamic Pharmaceuticals ETF (Fund) is based on the Dynamic Pharmaceutical Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US pharmaceuticals companies. These are companies that are principally engaged in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPJP

ETFs correlated to PJP include VHT, FHLC, IYH

PJP
Invesco Capital Management LLC - Invesco Pharmaceuticals ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
XLV
SSgA Active Trust - Health Care Select Sector SPDR
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
IHE
BlackRock Institutional Trust Company N.A. - iShares U.S. Pharmaceuticals ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
PPH
VanEck ETF Trust - VanEck Pharmaceutical ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPJP

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PJP using Composer

FAQ

PJP is a US Equities ETF. The Invesco Dynamic Pharmaceuticals ETF (Fund) is based on the Dynamic Pharmaceutical Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US pharmaceuticals companies. These are companies that are principally engaged in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PJP tracks the Dynamic Pharmaceuticals Intellidex Index.

No, PJP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PJP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PJP is -0.0573%. This is the percent change in the value of PJP over the most recent 1-month period. The 3-month return on PJP is -0.032%. This is the percent change in the value of PJP over the most recent 3-month period.

The standard deviation of PJP for the past year is 0.1532%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PJP include XLF, XLU, and XLE.

ETFs correlated to PJP include VHT, FHLC, and IYH.

ETFs that are inversely correlated to PJP include SDOW, DXD, and DOG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.