Data as of Oct 28, 2026.

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FXH vs PPH: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FXH returned +21.5% to PPH's +27.4%; 13% of their weight is in the same names.

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Net assets on Oct 27, 2026: $1.1bn for First Trust Health Care AlphaDEX Fund and $1.0bn for VanEck Pharmaceutical ETF.

At a glance
+21.5%
FXH total return, 1 year
+27.4%
PPH total return, 1 year
0.61%
FXH expense ratio
0.36%
PPH expense ratio

Pair scorecard

PPH costs 0.25 points a year less; their one-year returns differ by 5.9 points; FXH is 1.1 times larger.

FXH vs PPH: Differences, Returns & Fees
MeasureFXHPPH
Return
Total return, 1 year+21.5%+27.4%
Benchmark
What it tracksStrataQuant Health Care IndexMVIS US Listed Pharmaceutical 25 Index
Cost and size
Expense ratio0.61%0.36%
Net assets, as of Oct 27, 2026$1.1bn$1.0bn
Holdings
Holdings in common13%
Top ten holdings, share of the fund24.7%71.6%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

May 18, 2007 to Oct 23, 2026 · 1,014 weekly returns
FXH PPH
Return
Total return edge FXH +601.0% +362.1%
Annualized edge FXH +10.5% +8.2%
Price return edge FXH +581.6% +168.2%
Risk
Volatility edge PPH (slight) 18.5% 17.3%
Max drawdown edge PPH −41.9% −37.4%
Risk-adjusted
Sharpe edge FXH 0.55 0.45
Sortino edge FXH 0.77 0.64
Calmar edge FXH 0.25 0.22
Reading

FXH returned more: +601.0% to +362.1%. PPH swung slightly less: 17.3% to 18.5%. PPH fell less at its worst: −37.4% to −41.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: FXH vs PPH: Differences, Returns & Fees
MeasureFXHPPHEdgeHow it is measured
Return
Total return+601.0%+362.1%FXHPrice change plus distributions, reinvested.
Annualized+10.5%+8.2%FXHTotal return as a yearly rate.
Price return+581.6%+168.2%FXHPrice change alone, distributions left out.
Risk
Volatility18.5%17.3%PPH (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.2%12.3%PPH (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−41.9%−37.4%PPHDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.550.45FXHReturn above Treasury bills per unit of volatility.
Sortino0.770.64FXHReturn above Treasury bills per unit of downside deviation.
Calmar0.250.22FXHAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,014 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

13%

By the books each fund has filed, FXH and PPH hold 13% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

13% in common

Positions both hold · largest shared weight first FXH PPH
Zoetis Inc. 2.06% 2.64%
Eli Lilly and Company 2.04% 21.88%
Bristol-Myers Squibb Company 1.82% 4.58%
AbbVie Inc. 1.41% 3.79%
Viatris Inc. 1.36% 1.51%
Jazz Pharmaceuticals Plc 1.64% 1.12%
Pfizer Inc. 0.96% 5.14%
Corcept Therapeutics Inc. 1.75% 0.56%
Axsome Therapeutics, Inc. 0.71% 0.54%
Johnson & Johnson 0.44% 3.34%
Elanco Animal Health Incorporated 0.43% 0.48%
Only in one fund ↓
Only in FXH
Halozyme Therapeutics, Inc. 2.68%
Centene Corporation 2.55%
Caris Life Sciences, Inc. 2.53%
The Cigna Group 2.53%
Globus Medical, Inc. (Class A) 2.49%
Zimmer Biomet Holdings, Inc. 2.49%
Medpace Holdings, Inc. 2.48%
Universal Health Services, Inc. (Class B) 2.34%
Only in PPH
Merck & Co Inc 12.40%
Novo Nordisk A/S 5.45%
Mckesson Corp 4.68%
Teva Pharmaceutical Industries Ltd 4.63%
Gsk Plc 4.52%
Cencora Inc 4.34%
Haleon Plc 3.94%
Novartis Ag 3.79%
Check overlap with more funds →

Side by side

FXH First Trust Health Care AlphaDEX Fund PPH VanEck Pharmaceutical ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +21.5% +27.4%
Expense ratio 0.61% 0.36%
Already in the S&P 500 59.2% 58.7%
Holdings 72 25
Net assets, as of Oct 27, 2026 $1.1bn $1.0bn

FXH and PPH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-5F72702EFC

FXH and PPH are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FXH follows StrataQuant Health Care Index and PPH follows MVIS US Listed Pharmaceutical 25 Index.
  2. Holdings in common. 13% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 FXH returned +21.5% and PPH +27.4% with distributions reinvested, a gap of 5.9 points.

Data as of Oct 28, 2026.

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About each fund
FXH

FXH tracks an index. Over the year to Oct 28, 2026 it returned +21.5% with distributions reinvested. The prospectus expense ratio is 0.61% a year. By its holdings published by its issuer for Oct 27, 2026, 59% of the fund by weight is stocks the S&P 500 also holds, across 72 positions, with the top ten at 24.7%.

PPH

PPH tracks an index. Over the year to Oct 28, 2026 it returned +27.4% with distributions reinvested. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Oct 27, 2026, 59% of the fund by weight is stocks the S&P 500 also holds, across 25 positions, with the top ten at 71.6%.

Questions people ask

Which returned more over the last year, FXH or PPH?
In the year to Oct 28, 2026, with distributions reinvested, FXH returned +21.5% and PPH +27.4%.
Which is cheaper, FXH or PPH?
PPH is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FXH and PPH overlap with the S&P 500?
By their latest filed holdings, 59% of FXH and 59% of PPH by weight is stocks the S&P 500 already holds.
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ETFIQ, FXH against PPH, data as of Oct 28, 2026. https://etfiq.com/compare/any/fxh-vs-pph

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