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PJPvsTMEDETF Comparison

ETF 1
PJP

Invesco Dynamic Pharmaceuticals ETF

This fund is part of
US Health Care
-0.44%
VS
ETF 2
TMED

T. Rowe Price Health Care ETF

This fund is part of
US Health Care
-0.44%

Invesco Dynamic Pharmaceuticals ETF (PJP) and T. Rowe Price Health Care ETF (TMED) belong to the same industry segment: US Health Care. PJP's top 1 sector exposures are Healthcare. In contrast, TMED's top sector exposures are Healthcare, Consumer Non-Cyclicals and Non-Corporate. PJP is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.44% for TMED. PJP is up 19.1% year-to-date (YTD) with +$166M in YTD flows. TMED performs worse with 15.44% YTD performance, and +$13M 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

-4.0-2.00.02.04.06.0%Aug 14Aug 21Aug 28Sep 4Sep 11

Cumulative Flows

0 M10 M20 M30 M40 MAug 14Aug 21Aug 28Sep 4Sep 11

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Historic performance and flows
Data as of 09/15/2026
1M3MYTD1Y3Y5Y
Perf.
PJP
TMED
-1.81%-2.57%
+9.81%+7.69%
+19.10%+15.44%
+37.54%+34.35%
+68.17%n/a
+64.54%n/a
Flows
PJP
TMED
+$36M+$4M
+$158M+$9M
+$166M+$13M
+$180M+$15M
+$114M-
-$33M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
PJP
TMED
+18.21%+18.16%
+17.03%+18.40%
+16.36%n/a
+16.48%n/a
Max drawdown
PJP
TMED
-5.90%-7.92%
-9.42%-11.09%
-16.11%n/a
-17.41%n/a
Max drawdown duration
PJP
TMED
27d26d
108d125d
275dn/a
788dn/a
Trading data

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PJP
TMED
Last sale
9/15/2026 at 1:30 PM
$123.76
$33.92
Previous close
09/15/2026
$124.96
$34.28
Consolidated volume
09/15/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of August 31, 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 9/15/2026 at 1:30 PM
Live
Closed
PJP
TMED
Last price
$123.76
$33.92
1D performance
-0.96%
-1.06%
AuM$542.28 M$32.55 M
E/R0.58%0.44%
Characteristics
PJP
TMED
Management strategyPassiveActive
ProviderInvescoT. Rowe Price
BenchmarkDynamic Pharmaceutical Intellidex Index-
N° of holdings2897
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
94.69%
Other
5.31%
TMED
USA
93.59%
Other
6.41%

Sectors

PJP
Healthcare
100%
Other
-0%
TMED
Healthcare
98.58%
Other
1.42%

Diversification

PJP

Total weight of top 15 holdings out of 15

65.5%
TMED

Total weight of top 15 holdings out of 15

61.11%

Top 15 holdings

Data as of July 31, 2026
PJP
Abbott Laboratories
5.76%
AbbVie, Inc.
5.71%
Amgen, Inc.
5.33%
Johnson & Johnson
5.33%
Eli Lilly & Co.
5.25%
Merck & Co., Inc.
5.03%
Gilead Sciences, Inc.
4.58%
Pfizer Inc.
4.49%
Corcept Therapeutics, Inc.
4.00%
Amneal Pharmaceuticals, Inc.
3.88%
Liquidia Corp.
3.75%
Travere Therapeutics, Inc.
3.26%
Ligand Pharmaceuticals, Inc.
3.18%
Harmony Biosciences Holdings, Inc.
3.10%
Viatris, Inc.
2.85%
TMED
Eli Lilly & Co.
16.65%
UnitedHealth Group, Inc.
5.89%
Thermo Fisher Scientific, Inc.
4.44%
Alnylam Pharmaceuticals, Inc.
4.11%
Gilead Sciences, Inc.
3.76%
Danaher Corp.
3.58%
Cencora, Inc.
3.30%
Insulet Corp.
2.73%
Agilent Technologies, Inc.
2.69%
DexCom, Inc.
2.66%
Dyne Therapeutics, Inc.
2.60%
Stryker Corp.
2.49%
West Pharmaceutical Services, Inc.
2.29%
Waters Corp.
2.20%
McKesson Corp.
1.72%
Frequently asked questions about PJP and TMED

How have the PJP and TMED ETFs performed in 2026?

As of September 15, 2026, PJP is up 19.1% year-to-date (YTD), while TMED has returned 15.44%. 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 +$166M in flows, compared to +$13M for TMED.

Which ETF is more volatile: PJP or TMED?

Over the past year, PJP had a volatility of 17.03%, while TMED experienced 18.4%.

Which ETF is bigger: PJP or TMED?

As of September 15, 2026, PJP holds $542.28 M in assets under management (AUM), while TMED manages $32.55 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 Abbott Laboratories, AbbVie, Inc. and Amgen, Inc.. TMED holds in its top three: Eli Lilly & Co., UnitedHealth Group, Inc. and Thermo Fisher Scientific, Inc..

Which ETF is more diversified: PJP or TMED?

PJP holds 28 securities with 65.5% of its assets in the top 15. TMED has 97 securities and a top 15 weight of 61.11%.

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