KXI vs. PBJ

Last updated Aug 2, 2026

KXI (iShares Global Consumer Staples ETF) and PBJ (Invesco Dynamic Food & Beverage ETF) are both Consumer Staples Equities funds - KXI tracks the S&P Global 1200 Consumer Staples Sector Capped Index (USD) (Net) while PBJ tracks the Dynamic Food & Beverage Intellidex Index. Both are passively managed. Over the past 10 years, KXI returned 5.83%/yr vs 4.90%/yr for PBJ. Their 0.75 correlation means they have sometimes moved together and sometimes differently. KXI charges 0.39%/yr vs 0.63%/yr for PBJ.

Performance

KXI vs. PBJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Consumer Staples ETF (KXI) 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, KXI achieves a 8.30% return, which is significantly higher than PBJ's 7.14% return. Over the past 10 years, KXI has outperformed PBJ with an annualized return of 5.83%, while PBJ has yielded a comparatively lower 4.90% annualized return.

KXI

• 1D: -0.86%
• 1M: 0.16%
• 6M: 2.84%
• YTD: 8.30%
• 1Y: 10.16%
• 3Y*: 6.59%
• 5Y*: 4.80%
• 10Y*: 5.83%
• ALL TIME*: 7.60%

PBJ

• 1D: -1.60%
• 1M: -0.70%
• 6M: 0.28%
• YTD: 7.14%
• 1Y: 1.25%
• 3Y*: 3.00%
• 5Y*: 4.47%
• 10Y*: 4.90%
• ALL TIME*: 7.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KXI iShares Global Consumer Staples ETF	$8.17M	$7.09M	$5.18M
PBJ Invesco Dynamic Food & Beverage ETF	$433.06K	$1.59M	$798.42K

KXI vs. PBJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KXI iShares Global Consumer Staples ETF	8.30%	9.68%	4.20%	2.41%	-6.02%	13.71%	7.69%	23.40%	-10.71%	17.60%
PBJ Invesco Dynamic Food & Beverage ETF	7.14%	-1.86%	2.49%	2.31%	3.14%	26.88%	5.53%	17.50%	-11.21%	1.87%

Correlation

The correlation between KXI and PBJ is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Sep 21, 2006	0.75

The correlation between KXI and PBJ has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

KXI vs. PBJ - Sectors Allocation Comparison

Sectors	KXI	PBJ
Consumer Defensive	97.0%	72.8%
Consumer Cyclical	3.0%	7.7%
Basic Materials	-	5.7%
Communication Services	-	-
Energy	-	-
Financial Services	-	0.2%
Healthcare	-	-
Industrials	-	5.6%
Real Estate	-	-
Technology	-	2.9%
Utilities	-	-

Return for Risk

KXI vs. PBJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KXI

KXI Risk / Return Rank: 32
KXI Sharpe Ratio Rank: 35
KXI Sortino Ratio Rank: 34
KXI Omega Ratio Rank: 33
KXI Calmar Ratio Rank: 33
KXI Martin Ratio Rank: 26

PBJ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KXI vs. PBJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Staples ETF (KXI) 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.

	KXI	PBJ	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.09	+0.77
Sortino ratio: Return per unit of downside risk	1.31	0.21	+1.09
Omega ratio: Gain probability vs. loss probability	1.16	1.02	+0.13
Calmar ratio: Return relative to maximum drawdown	1.09	0.10	+0.99
Martin ratio: Return relative to average drawdown	2.15	0.23	+1.92

KXI vs. PBJ - Sharpe Ratio Comparison

The current KXI Sharpe Ratio is 0.86, which is higher than the PBJ Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of KXI 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

KXI vs. PBJ - Drawdown Comparison

The maximum KXI drawdown since its inception was -42.27%, which is greater than PBJ's maximum drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for KXI and PBJ.

Drawdown Indicators

	KXI	PBJ	Difference
Max Drawdown Largest peak-to-trough decline	-42.27%	-39.15%	-3.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-11.38%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-10.31%	-12.48%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.45%	-15.81%	-1.64%
Max Drawdown (10Y) Largest decline over 10 years	-24.59%	-28.49%	+3.90%
Current Drawdown Current decline from peak	-4.82%	-5.82%	+1.00%
Average Drawdown Average peak-to-trough decline	-5.37%	-5.39%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.19%	5.05%	+0.14%

Volatility

KXI vs. PBJ - Volatility Comparison

iShares Global Consumer Staples ETF (KXI) has a higher volatility of 5.66% compared to Invesco Dynamic Food & Beverage ETF (PBJ) at 4.76%. This indicates that KXI'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

	KXI	PBJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	4.76%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	10.10%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	13.08%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	13.88%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.80%	15.16%	-1.36%

KXI vs. PBJ - Expense Ratio Comparison

KXI has a 0.39% expense ratio, which is lower than PBJ's 0.63% expense ratio.

Dividends

KXI vs. PBJ - Dividend Comparison

KXI's dividend yield for the trailing twelve months is around 2.32%, more than PBJ's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KXI iShares Global Consumer Staples ETF	2.32%	2.29%	2.51%	2.99%	1.98%	2.26%	2.34%	2.17%	2.97%	2.17%	2.34%	2.20%
PBJ Invesco Dynamic Food & Beverage ETF	1.28%	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 KXI and PBJ in my portfolio?

KXI and PBJ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KXI or PBJ?

KXI has higher volatility (5.66%) compared to PBJ (4.76%). In terms of maximum drawdown, KXI dropped -42.27% vs PBJ's -39.15%.

Which ETF is better, KXI or PBJ?

On 10-year performance, KXI leads with 5.83% vs 4.90% for PBJ. On fees, KXI is cheaper at 0.39% per year. On volatility, PBJ has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KXI or PBJ?

Over the 10-year period, KXI has performed better with a 5.83% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KXI or PBJ?

KXI is cheaper with a 0.39% expense ratio, compared with 0.63% for PBJ.

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

KXI has the higher dividend yield at 2.32%, compared with 1.28% for PBJ.

What is the main difference between KXI and PBJ?

KXI tracks S&P Global 1200 Consumer Staples Sector Capped Index (USD) (Net), while PBJ tracks Dynamic Food & Beverage Intellidex Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for KXI and 0.63% for PBJ.

Which has better risk-adjusted returns?

KXI currently has the higher Sharpe Ratio (0.86 vs 0.09), 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.