NICO vs. PBJ
NICO (Hexis Active Nicotine Engagement ETF) and PBJ (Invesco Dynamic Food & Beverage ETF) are both Consumer Staples Equities funds. NICO is actively managed, while PBJ is passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. NICO charges 0.70%/yr vs 0.63%/yr for PBJ.
Performance
NICO vs. PBJ - Performance Comparison
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Returns By Period
NICO
- 1D
- 0.33%
- 1M
- 2.46%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PBJ
- 1D
- 0.62%
- 1M
- 0.82%
- 6M
- 3.04%
- YTD
- 8.32%
- 1Y
- 0.41%
- 3Y*
- 3.20%
- 5Y*
- 4.78%
- 10Y*
- 4.90%
- ALL TIME*
- 7.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $39.10K | $20.84K | $57.43K | |
| $565.54K | $1.66M | $819.71K |
NICO vs. PBJ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NICO Hexis Active Nicotine Engagement ETF | 4.32% |
PBJ Invesco Dynamic Food & Beverage ETF | -3.36% |
Correlation
The correlation between NICO and PBJ is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 6, 2026 | 0.48 |
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Return for Risk
NICO vs. PBJ — Risk / Return Rank
NICO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBJ
NICO vs. PBJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hexis Active Nicotine Engagement ETF (NICO) 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.
| NICO | PBJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.04 | — |
| Martin ratioReturn relative to average drawdown | — | 0.08 | — |
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Drawdowns
NICO vs. PBJ - Drawdown Comparison
The maximum NICO drawdown since its inception was -8.00%, smaller than the maximum PBJ drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for NICO and PBJ.
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Drawdown Indicators
| NICO | PBJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.00% | -39.15% | +31.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.48% | — |
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 | -2.72% | -4.79% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -5.39% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.28% | — |
Volatility
NICO vs. PBJ - Volatility Comparison
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Volatility by Period
| NICO | PBJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.96% | 12.94% | +9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 13.85% | +8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 15.14% | +6.82% |
NICO vs. PBJ - Expense Ratio Comparison
NICO has a 0.70% expense ratio, which is higher than PBJ's 0.63% expense ratio.
Dividends
NICO vs. PBJ - Dividend Comparison
NICO has not paid dividends to shareholders, while PBJ's dividend yield for the trailing twelve months is around 1.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NICO Hexis Active Nicotine Engagement ETF | 0.00% | 0.00% | 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 | 1.27% | 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
NICO and PBJ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PBJ is cheaper with a 0.63% expense ratio, compared with 0.70% for NICO.
PBJ has the higher dividend yield at 1.27%, compared with 0.00% for NICO.
They also come from different issuers: Hexis and Invesco. Their fees differ too: 0.70% for NICO and 0.63% for PBJ.
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