FAI vs. PBJ
FAI (First Trust Bloomberg Artificial Intelligence ETF) and PBJ (Invesco Dynamic Food & Beverage ETF) are both exchange-traded funds - FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index, while PBJ is a Consumer Staples Equities fund tracking the Dynamic Food & Beverage Intellidex Index. Both are passively managed. Over the past year, FAI returned 66.20% vs -0.53% for PBJ. At a 0.03 correlation, their price movements are largely independent. FAI charges 0.65%/yr vs 0.63%/yr for PBJ.
Performance
FAI vs. PBJ - Performance Comparison
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Returns By Period
In the year-to-date period, FAI achieves a 34.05% return, which is significantly higher than PBJ's 3.69% return.
FAI
- 1D
- -0.48%
- 1M
- 7.16%
- YTD
- 34.05%
- 6M
- 33.89%
- 1Y
- 66.20%
- 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%
FAI vs. PBJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 34.05% | 33.37% | 2.28% |
PBJ Invesco Dynamic Food & Beverage ETF | 3.69% | -1.86% | -1.61% |
Correlation
The correlation between FAI and PBJ is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.03 |
The correlation between FAI and PBJ shifts across timeframes, from -0.12 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FAI vs. PBJ — Risk / Return Rank
FAI
PBJ
FAI vs. PBJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) 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.
| FAI | PBJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.04 | +3.57 |
| Martin ratioReturn relative to average drawdown | 11.01 | -0.10 | +11.11 |
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Drawdowns
FAI vs. PBJ - Drawdown Comparison
The maximum FAI drawdown since its inception was -27.82%, smaller than the maximum PBJ drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for FAI and PBJ.
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Drawdown Indicators
| FAI | PBJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.82% | -39.15% | +11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -18.84% | -12.48% | -6.36% |
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 DrawdownCurrent decline from peak | -4.79% | -8.85% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -5.39% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 5.39% | +0.64% |
Volatility
FAI vs. PBJ - Volatility Comparison
First Trust Bloomberg Artificial Intelligence ETF (FAI) has a higher volatility of 13.67% compared to Invesco Dynamic Food & Beverage ETF (PBJ) at 3.96%. This indicates that FAI's price experiences larger fluctuations and is considered to be riskier than PBJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAI | PBJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.67% | 3.96% | +9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 9.27% | +12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 12.67% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.90% | 13.76% | +17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.90% | 15.13% | +15.77% |
FAI vs. PBJ - Expense Ratio Comparison
FAI has a 0.65% expense ratio, which is higher than PBJ's 0.63% expense ratio.
Dividends
FAI vs. PBJ - Dividend Comparison
FAI has not paid dividends to shareholders, while PBJ's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% | 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
FAI and PBJ have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAI has higher volatility (13.67%) compared to PBJ (3.96%). In terms of maximum drawdown, FAI dropped -27.82% vs PBJ's -39.15%.
On 1-year performance, FAI leads with 66.20% vs -0.53% for PBJ. On fees, PBJ is cheaper at 0.63% per year. On volatility, PBJ has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAI has performed better with a 66.20% return vs -0.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PBJ is cheaper with a 0.63% expense ratio, compared with 0.65% for FAI.
PBJ has the higher dividend yield at 1.93%, compared with 0.00% for FAI.
FAI is categorized as Technology Equities, while PBJ is Consumer Staples Equities. FAI tracks Bloomberg Artificial Intelligence Index, while PBJ tracks Dynamic Food & Beverage Intellidex Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.65% for FAI and 0.63% for PBJ.
FAI currently has the higher Sharpe Ratio (2.47 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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