FSTA vs. PBJ

Last updated Jul 14, 2026

FSTA (Fidelity MSCI Consumer Staples Index ETF) and PBJ (Invesco Dynamic Food & Beverage ETF) are both Consumer Staples Equities funds - FSTA tracks the MSCI USA IMI Consumer Staples Index while PBJ tracks the Dynamic Food & Beverage Intellidex Index. Both are passively managed. Over the past 10 years, FSTA returned 7.47%/yr vs 4.93%/yr for PBJ. A 0.80 correlation means they provide meaningful diversification when combined. FSTA charges 0.08%/yr vs 0.63%/yr for PBJ.

Performance

FSTA vs. PBJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Consumer Staples Index ETF (FSTA) 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, FSTA achieves a 9.78% return, which is significantly higher than PBJ's 9.17% return. Over the past 10 years, FSTA has outperformed PBJ with an annualized return of 7.47%, while PBJ has yielded a comparatively lower 4.93% annualized return.

FSTA

• 1D: 0.56%
• 1M: -0.76%
• 6M: 6.13%
• YTD: 9.78%
• 1Y: 7.09%
• 3Y*: 8.05%
• 5Y*: 7.02%
• 10Y*: 7.47%

PBJ

• 1D: 0.39%
• 1M: 0.41%
• 6M: 7.83%
• YTD: 9.17%
• 1Y: 3.24%
• 3Y*: 4.16%
• 5Y*: 4.96%
• 10Y*: 4.93%

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

FSTA vs. PBJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSTA Fidelity MSCI Consumer Staples Index ETF	9.78%	1.82%	13.31%	2.29%	-1.72%	17.44%	10.96%	26.84%	-8.49%	12.71%
PBJ Invesco Dynamic Food & Beverage ETF	9.17%	-1.86%	2.49%	2.31%	3.14%	26.88%	5.53%	17.50%	-11.21%	1.87%

Correlation

The correlation between FSTA and PBJ is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.80

The correlation between FSTA and PBJ has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

FSTA vs. PBJ - Sectors Allocation Comparison

Sectors	FSTA	PBJ
Consumer Defensive	96.8%	85.7%
Consumer Cyclical	1.2%	6.1%
Basic Materials	0.6%	5.3%
Industrials	0.6%	3.0%
Technology	0.4%	-
Healthcare	0.0%	-
Communication Services	-	-
Energy	-	-
Financial Services	-	0.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

FSTA vs. PBJ — Risk / Return Rank

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

FSTA

FSTA Risk / Return Rank: 19
FSTA Sharpe Ratio Rank: 20
FSTA Sortino Ratio Rank: 19
FSTA Omega Ratio Rank: 18
FSTA Calmar Ratio Rank: 21
FSTA Martin Ratio Rank: 18

PBJ

PBJ Risk / Return Rank: 13
PBJ Sharpe Ratio Rank: 14
PBJ Sortino Ratio Rank: 12
PBJ Omega Ratio Rank: 12
PBJ Calmar Ratio Rank: 13
PBJ Martin Ratio Rank: 13

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.

FSTA vs. PBJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Staples Index ETF (FSTA) 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.

	FSTA	PBJ	Difference
Sharpe ratio: Return per unit of total volatility	0.54	0.25	+0.29
Sortino ratio: Return per unit of downside risk	0.87	0.44	+0.43
Omega ratio: Gain probability vs. loss probability	1.10	1.05	+0.05
Calmar ratio: Return relative to maximum drawdown	0.77	0.26	+0.51
Martin ratio: Return relative to average drawdown	1.46	0.58	+0.88

FSTA vs. PBJ - Sharpe Ratio Comparison

The current FSTA Sharpe Ratio is 0.54, which is higher than the PBJ Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of FSTA and PBJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSTA vs. PBJ - Drawdown Comparison

The maximum FSTA drawdown since its inception was -25.13%, smaller than the maximum PBJ drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for FSTA and PBJ.

Drawdown Indicators

	FSTA	PBJ	Difference
Max Drawdown Largest peak-to-trough decline	-25.13%	-39.15%	+14.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	-12.48%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-11.76%	-12.99%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-16.58%	-15.81%	-0.77%
Max Drawdown (10Y) Largest decline over 10 years	-25.13%	-28.49%	+3.36%
Current Drawdown Current decline from peak	-5.10%	-4.04%	-1.06%
Average Drawdown Average peak-to-trough decline	-3.57%	-5.40%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	5.56%	-0.71%

Volatility

FSTA vs. PBJ - Volatility Comparison

Fidelity MSCI Consumer Staples Index ETF (FSTA) has a higher volatility of 4.87% compared to Invesco Dynamic Food & Beverage ETF (PBJ) at 4.50%. This indicates that FSTA'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.

Volatility by Period

	FSTA	PBJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	4.50%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	9.62%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	12.80%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	13.80%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	15.11%	-0.50%

FSTA vs. PBJ - Expense Ratio Comparison

FSTA has a 0.08% expense ratio, which is lower than PBJ's 0.63% expense ratio.

Dividends

FSTA vs. PBJ - Dividend Comparison

FSTA's dividend yield for the trailing twelve months is around 2.18%, more than PBJ's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTA Fidelity MSCI Consumer Staples Index ETF	2.18%	2.34%	2.25%	2.66%	2.26%	2.15%	2.47%	2.46%	3.01%	2.42%	2.53%	2.86%
PBJ Invesco Dynamic Food & Beverage ETF	1.26%	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 FSTA and PBJ in my portfolio?

FSTA and PBJ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSTA or PBJ?

FSTA has higher volatility (4.87%) compared to PBJ (4.50%). In terms of maximum drawdown, FSTA dropped -25.13% vs PBJ's -39.15%.

Which ETF is better, FSTA or PBJ?

On 10-year performance, FSTA leads with 7.47% vs 4.93% for PBJ. On fees, FSTA is cheaper at 0.08% per year. On volatility, PBJ has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSTA or PBJ?

Over the 10-year period, FSTA has performed better with a 7.47% return vs 4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSTA or PBJ?

FSTA is cheaper with a 0.08% expense ratio, compared with 0.63% for PBJ.

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

FSTA has the higher dividend yield at 2.18%, compared with 1.26% for PBJ.

What is the main difference between FSTA and PBJ?

FSTA tracks MSCI USA IMI Consumer Staples Index, while PBJ tracks Dynamic Food & Beverage Intellidex Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.08% for FSTA and 0.63% for PBJ.

Which has better risk-adjusted returns?

FSTA currently has the higher Sharpe Ratio (0.54 vs 0.25), 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.