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PJPvsTMEDETF Comparison

ETF 1
PJP

Invesco Dynamic Pharmaceuticals ETF

This fund is part of
US Health Care
-0.7%
VS
ETF 2
TMED

T. Rowe Price Health Care ETF

This fund is part of
US Health Care
-0.7%

Invesco Dynamic Pharmaceuticals ETF (PJP) and T. Rowe Price Health Care ETF (TMED) belong to the same industry segment: US Health Care. Both ETFs have the same top 3 sector exposures: and Healthcare. PJP is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.44% for TMED. PJP is up 18.07% year-to-date (YTD) with +$104M in YTD flows. TMED performs worse with 17% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of PJP and TMED below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PJP vs TMED performance and flow charts

Performance

-2.0-1.00.01.02.03.0%Jun 29Jul 6Jul 13Jul 20Jul 27

Cumulative Flows

0 M20 M40 M60 M80 M100 MJun 29Jul 6Jul 13Jul 20Jul 27

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Historic performance and flows
Data as of 07/30/2026
1M3MYTD1Y3Y5Y
Perf.
PJP
TMED
+3.74%+1.20%
+17.10%+18.96%
+18.07%+17.00%
+50.41%+42.21%
+62.59%n/a
+59.15%n/a
Flows
PJP
TMED
+$104M+$3M
+$85M+$3M
+$104M+$6M
+$118M+$10M
+$46M-
-$88M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
PJP
TMED
+18.70%+18.59%
+16.97%+18.25%
+16.15%n/a
+16.38%n/a
Max drawdown
PJP
TMED
-5.27%-4.40%
-9.42%-11.09%
-16.11%n/a
-17.41%n/a
Max drawdown duration
PJP
TMED
20d22d
108d125d
275dn/a
788dn/a
Trading data

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PJP
TMED
Last sale
7/31/2026 at 6:43 PM
$121.70
$33.88
Previous close
07/30/2026
$122.79
$34.21
Consolidated volume
07/30/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of June 30, 2026
1-year trailing difference

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TMED
is actively managed and doesn’t replicate an index

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PJP
TMED
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 7/31/2026 at 6:43 PM
Live
Closed
PJP
TMED
Last price
$121.70
$33.88
1D performance
-0.89%
-0.98%
AuM$477.47 M$26.04 M
E/R0.57%0.44%
Characteristics
PJP
TMED
Management strategyPassiveActive
ProviderInvescoT. Rowe Price
BenchmarkDynamic Pharmaceutical Intellidex Index-
N° of holdings2895
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJune 23, 2005June 11, 2025
ESGNoNo
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Exposure

Countries

PJP
USA
94.95%
Other
5.05%
TMED
USA
93.24%
Other
6.76%

Sectors

PJP
Healthcare
100%
Other
0%
TMED
Healthcare
97.94%
Other
2.06%

Diversification

PJP

Total weight of top 15 holdings out of 15

64.89%
TMED

Total weight of top 15 holdings out of 15

57.45%

Top 15 holdings

Data as of June 30, 2026
PJP
AbbVie, Inc.
5.65%
Eli Lilly & Co.
5.39%
Johnson & Johnson
5.26%
Abbott Laboratories
5.16%
Merck & Co., Inc.
5.11%
Amgen, Inc.
5.07%
Gilead Sciences, Inc.
4.54%
Pfizer Inc.
4.46%
Corcept Therapeutics, Inc.
3.87%
Amneal Pharmaceuticals, Inc.
3.60%
Travere Therapeutics, Inc.
3.55%
Liquidia Corp.
3.48%
Ligand Pharmaceuticals, Inc.
3.45%
Ocular Therapeutix, Inc.
3.17%
Harmony Biosciences Holdings, Inc.
3.15%
TMED
Eli Lilly & Co.
16.59%
UnitedHealth Group, Inc.
6.52%
Gilead Sciences, Inc.
4.55%
Thermo Fisher Scientific, Inc.
4.11%
Danaher Corp.
2.96%
Cencora, Inc.
2.82%
Agilent Technologies, Inc.
2.61%
Alnylam Pharmaceuticals, Inc.
2.60%
Intuitive Surgical, Inc.
2.55%
Insulet Corp.
2.38%
Stryker Corp.
2.22%
Dyne Therapeutics, Inc.
2.03%
Elanco Animal Health, Inc.
1.91%
Pfizer Inc.
1.91%
Waters Corp.
1.68%
Frequently asked questions about PJP and TMED

How have the PJP and TMED ETFs performed in 2026?

As of July 30, 2026, PJP is up 18.07% year-to-date (YTD), while TMED has returned 17%. That puts PJP better performer ahead so far this year.

Which ETF is attracting more investor money: PJP or TMED?

Year-to-date, the PJP ETF saw +$104M in flows, compared to +$6M for TMED.

Which ETF is more volatile: PJP or TMED?

Over the past year, PJP had a volatility of 16.97%, while TMED experienced 18.25%.

Which ETF is bigger: PJP or TMED?

As of July 30, 2026, PJP holds $477.47 M in assets under management (AUM), while TMED manages $26.04 M.

What sectors do the PJP and TMED ETFs invest in?

PJP leans toward sectors like Healthcare. Meanwhile, TMED focuses on Healthcare.

What are the top holdings of the PJP ETF and TMED ETF?

PJP top holdings include AbbVie, Inc., Eli Lilly & Co. and Johnson & Johnson. TMED holds in its top three: Eli Lilly & Co., UnitedHealth Group, Inc. and Gilead Sciences, Inc..

Which ETF is more diversified: PJP or TMED?

PJP holds 28 securities with 64.89% of its assets in the top 15. TMED has 95 securities and a top 15 weight of 57.45%.

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