PJP vs VTI
Invesco Pharmaceuticals ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PJP or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. PJP led over 1Y and the full window, VTI over 3Y and 5Y. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 50.1%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.58% | 0.03%Best |
| AUM | $539M | $689.2B |
| Dividend Yield | 0.92% | 1.06% |
| Holdings | 65 | 3,524 |
| YTD Return | +19.15%Best | +13.02% |
| 1Y Return | +34.58%Best | +16.63% |
| 3Y Return (annualized) | +20.57% | +21.97%Best |
| 5Y Return (annualized) | +10.74% | +11.99%Best |
| Volatility (annualized) | 15.7% | 15.4%Best |
| Max Drawdown | -42.4%Best | -56.6% |
| $10,000 over 5 years | $16,654 | $17,616Best |
| Top 10 Weight | 50.1% | 33.5%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 23, 2005 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Oct 14, 2026 (21.3 years).
PJP vs VTI 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 21.3 years both funds cover.
PJP vs VTI Performance
Invesco Pharmaceuticals ETF (PJP) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PJP returned +34.58% while VTI returned +16.63%. Year to date, PJP is up 19.15% versus a gain of 13.02% for VTI.
Over three years, PJP compounded at +20.57% per year against +21.97% for VTI; over five years the annualized figures are +10.74% and +11.99% respectively. Across the full 21-year window we track, PJP has the edge at +10.73% annualized vs +9.50%.
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 15.4% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJP charges 0.58% per year while VTI charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, PJP currently yields 0.92% against 1.06% for VTI.
Holdings Overlap
99.9% of PJP's money is in holdings VTI also owns. 4.8% of VTI's money is in holdings PJP also owns.
Most of PJP is already inside VTI. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 29 positions we hold weights for in PJP and 3,441 in VTI, against full books of 65 and 3,524.
What only one of them owns
Our book lists 1,138 positions for VTI that do not appear in our book for PJP (92.8% of the fund), and 1 for PJP that do not appear in VTI (0.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PJP | Weight in VTI | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 5.31% | 1.33% | 3.98% |
| ABBVAbbvie Inc. | 5.67% | 0.61% | 5.06% |
| JNJJohnson & Johnson - Common | 5.38% | 0.87% | 4.51% |
| GILDGilead Sciences Inc | 5.58% | 0.25% | 5.33% |
| MRKMerck & Co. Inc. | 5.32% | 0.49% | 4.83% |
| PFEPfizer, Inc. | 5.58% | 0.22% | 5.36% |
| AMGNAmgen Inc. | 5.21% | 0.31% | 4.90% |
| ABTAbbott Laboratories | 4.81% | 0.26% | 4.55% |
| AMRXAmneal Pharmaceuticals Inc. | 3.70% | 0.00% | 3.70% |
| LGNDLigand Pharmaceuticals, Inc. | 3.51% | 0.01% | 3.50% |
99.9% of PJP is already inside VTI.
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 VTI?
PJP has an expense ratio of 0.58% while VTI charges 0.03%. VTI is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, PJP or VTI?
Over the past year PJP returned +34.58% vs +16.63% for VTI, so PJP leads on 1-year performance. Over the longest common window we track (21 years), PJP annualized +10.73% vs +9.50% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJP or VTI?
PJP has been the more volatile fund at 15.7% annualized versus 15.4% 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 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 VTI?
99.9% of PJP's money is in holdings VTI also owns. 4.8% of VTI's is in holdings PJP also owns. They hold 28 positions in common, counted across the 29 positions we hold weights for in PJP and 3,441 in VTI.
Which pays a higher dividend, PJP or VTI?
PJP yields 0.92% while VTI yields 1.06%, so VTI currently pays the higher dividend yield.
Is VTI better than PJP?
VTI has a lower expense ratio. PJP led over 1Y and the full window, VTI over 3Y and 5Y. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 50.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.