DVXP vs. PBJ

Last updated Jun 23, 2026

DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) and PBJ (Invesco Dynamic Food & Beverage ETF) are both Consumer Staples Equities funds - DVXP tracks the Syntax Defined Volatility XLP Index while PBJ tracks the Dynamic Food & Beverage Intellidex Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. DVXP charges 0.89%/yr vs 0.63%/yr for PBJ.

Performance

DVXP vs. PBJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and Invesco Dynamic Food & Beverage ETF (PBJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXP achieves a 10.51% return, which is significantly higher than PBJ's 3.69% return.

DVXP

• 1D: -0.81%
• 1M: -3.52%
• YTD: 10.51%
• 6M: 9.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBJ

• 1D: -0.48%
• 1M: -4.46%
• YTD: 3.69%
• 6M: 2.53%
• 1Y: -0.53%
• 3Y*: 1.94%
• 5Y*: 3.52%
• 10Y*: 5.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVXP vs. PBJ - Yearly Performance Comparison

	2026 (YTD)	2025
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	10.51%	-10.24%
PBJ Invesco Dynamic Food & Beverage ETF	3.69%	-7.53%

Correlation

The correlation between DVXP and PBJ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.74

Return for Risk

DVXP vs. PBJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVXP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PBJ

PBJ Risk / Return Rank: 8
PBJ Sharpe Ratio Rank: 8
PBJ Sortino Ratio Rank: 7
PBJ Omega Ratio Rank: 8
PBJ Calmar Ratio Rank: 8
PBJ Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVXP vs. PBJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Consumer Staples XLP Defined Volatility ETF (DVXP) and Invesco Dynamic Food & Beverage ETF (PBJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DVXP	PBJ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.04	—
Sortino ratio: Return per unit of downside risk	—	0.03	—
Omega ratio: Gain probability vs. loss probability	—	1.00	—
Calmar ratio: Return relative to maximum drawdown	—	-0.04	—
Martin ratio: Return relative to average drawdown	—	-0.10	—

Drawdowns

DVXP vs. PBJ - Drawdown Comparison

The maximum DVXP drawdown since its inception was -16.36%, smaller than the maximum PBJ drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for DVXP and PBJ.

Drawdown Indicators

	DVXP	PBJ	Difference
Max Drawdown Largest peak-to-trough decline	-16.36%	-39.15%	+22.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.49%	—
Current Drawdown Current decline from peak	-11.12%	-8.85%	-2.27%
Average Drawdown Average peak-to-trough decline	-8.28%	-5.39%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.39%	—

Volatility

Volatility by Period

	DVXP	PBJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.08%	12.67%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	13.76%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	15.13%	+5.95%

DVXP vs. PBJ - Expense Ratio Comparison

DVXP has a 0.89% expense ratio, which is higher than PBJ's 0.63% expense ratio.

Dividends

DVXP vs. PBJ - Dividend Comparison

DVXP's dividend yield for the trailing twelve months is around 0.17%, less than PBJ's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.17%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PBJ Invesco Dynamic Food & Beverage ETF	1.93%	1.83%	1.11%	1.81%	1.82%	0.90%	1.12%	1.21%	1.41%	0.70%	1.56%	1.24%

Frequently Asked Questions

Can I hold both DVXP and PBJ in my portfolio?

DVXP and PBJ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXP or PBJ?

On fees, PBJ is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXP or PBJ?

PBJ is cheaper with a 0.63% expense ratio, compared with 0.89% for DVXP.

Which ETF pays a higher dividend yield, DVXP or PBJ?

PBJ has the higher dividend yield at 1.93%, compared with 0.17% for DVXP.

What is the main difference between DVXP and PBJ?

DVXP tracks Syntax Defined Volatility XLP Index, while PBJ tracks Dynamic Food & Beverage Intellidex Index. They also come from different issuers: WEBs and Invesco. Their fees differ too: 0.89% for DVXP and 0.63% for PBJ.