IYK vs. PBJ
Compare and contrast key facts about iShares U.S. Consumer Goods ETF (IYK) and Invesco Dynamic Food & Beverage ETF (PBJ).
IYK and PBJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Consumer Goods Index. It was launched on Jun 12, 2000. PBJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Food & Beverage Intellidex Index. It was launched on Jun 23, 2005. Both IYK and PBJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYK or PBJ.
Key characteristics
| IYK | PBJ | |
|---|---|---|
| YTD Return | 8.78% | 2.09% |
| 1Y Return | 12.93% | 11.48% |
| 3Y Return (Ann) | 5.85% | 4.15% |
| 5Y Return (Ann) | 12.44% | 8.13% |
| 10Y Return (Ann) | 9.60% | 5.94% |
| Sharpe Ratio | 1.42 | 1.22 |
| Sortino Ratio | 2.09 | 1.83 |
| Omega Ratio | 1.25 | 1.21 |
| Calmar Ratio | 1.47 | 1.19 |
| Martin Ratio | 7.53 | 3.99 |
| Ulcer Index | 1.92% | 3.48% |
| Daily Std Dev | 10.22% | 11.38% |
| Max Drawdown | -42.64% | -39.15% |
| Current Drawdown | -4.60% | -4.19% |
Correlation
The correlation between IYK and PBJ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IYK vs. PBJ - Performance Comparison
In the year-to-date period, IYK achieves a 8.78% return, which is significantly higher than PBJ's 2.09% return. Over the past 10 years, IYK has outperformed PBJ with an annualized return of 9.60%, while PBJ has yielded a comparatively lower 5.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IYK vs. PBJ - Expense Ratio Comparison
IYK has a 0.42% expense ratio, which is lower than PBJ's 0.63% expense ratio.
Risk-Adjusted Performance
IYK vs. PBJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Goods ETF (IYK) 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.
Dividends
IYK vs. PBJ - Dividend Comparison
IYK's dividend yield for the trailing twelve months is around 2.55%, more than PBJ's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYK iShares U.S. Consumer Goods ETF | 2.55% | 2.74% | 2.16% | 1.49% | 1.42% | 2.21% | 2.81% | 1.74% | 2.63% | 2.11% | 1.82% | 1.84% |
PBJ Invesco Dynamic Food & Beverage ETF | 1.21% | 1.81% | 1.82% | 0.90% | 1.12% | 1.21% | 1.41% | 0.70% | 1.56% | 1.24% | 1.32% | 0.85% |
Drawdowns
IYK vs. PBJ - Drawdown Comparison
The maximum IYK drawdown since its inception was -42.64%, which is greater than PBJ's maximum drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for IYK and PBJ. For additional features, visit the drawdowns tool.
Volatility
IYK vs. PBJ - Volatility Comparison
The current volatility for iShares U.S. Consumer Goods ETF (IYK) is 2.29%, while Invesco Dynamic Food & Beverage ETF (PBJ) has a volatility of 2.88%. This indicates that IYK experiences smaller price fluctuations and is considered to be less risky than PBJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.