PBJ vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and Bitcoin (BTC-USD).

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.

Performance

PBJ vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Food & Beverage ETF (PBJ) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

PBJ vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBJ Invesco Dynamic Food & Beverage ETF	10.02%	-1.86%	2.49%	2.31%	3.14%	26.88%	5.53%	17.50%	-11.21%	1.87%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, PBJ achieves a 10.02% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, PBJ has underperformed BTC-USD with an annualized return of 5.53%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

PBJ

• 1D: 0.36%
• 1M: -2.46%
• YTD: 10.02%
• 6M: 8.03%
• 1Y: 7.85%
• 3Y*: 3.54%
• 5Y*: 5.72%
• 10Y*: 5.53%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

PBJ vs. BTC-USD — Risk / Return Rank

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

PBJ

PBJ Risk / Return Rank: 26
PBJ Sharpe Ratio Rank: 28
PBJ Sortino Ratio Rank: 28
PBJ Omega Ratio Rank: 25
PBJ Calmar Ratio Rank: 27
PBJ Martin Ratio Rank: 23

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

PBJ vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and Bitcoin (BTC-USD). 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.

	PBJ	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.55	-0.44	+0.99
Sortino ratio Return per unit of downside risk	0.88	-0.38	+1.26
Omega ratio Gain probability vs. loss probability	1.11	0.96	+0.15
Calmar ratio Return relative to maximum drawdown	0.69	-1.11	+1.80
Martin ratio Return relative to average drawdown	1.69	-1.99	+3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBJ vs. BTC-USD - Sharpe Ratio Comparison

The current PBJ Sharpe Ratio is 0.55, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of PBJ and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBJ	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	-0.44	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.05	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.97	-0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.19	-0.72

Correlation

The correlation between PBJ and BTC-USD is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

PBJ vs. BTC-USD - Drawdown Comparison

The maximum PBJ drawdown since its inception was -39.15%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for PBJ and BTC-USD.

Drawdown Indicators

	PBJ	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	-85.30%	+46.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-49.65%	+37.17%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	-76.67%	+60.86%
Max Drawdown (10Y) Largest decline over 10 years	-28.49%	-83.80%	+55.31%
Current Drawdown Current decline from peak	-3.29%	-45.02%	+41.73%
Average Drawdown Average peak-to-trough decline	-5.41%	-41.99%	+36.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	27.60%	-22.51%

Volatility

PBJ vs. BTC-USD - Volatility Comparison

The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 3.60%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that PBJ experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBJ	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	13.58%	-9.98%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	35.98%	-26.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	36.76%	-22.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	46.90%	-33.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	56.70%	-41.57%