PBJ vs. DVXP

Last updated Jul 18, 2026

PBJ (Invesco Dynamic Food & Beverage ETF) and DVXP (WEBs Consumer Staples XLP Defined Volatility ETF) are both Consumer Staples Equities funds - PBJ tracks the Dynamic Food & Beverage Intellidex Index while DVXP tracks the Syntax Defined Volatility XLP Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. PBJ charges 0.63%/yr vs 0.89%/yr for DVXP.

Performance

PBJ vs. DVXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Food & Beverage ETF (PBJ) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBJ achieves a 9.17% return, which is significantly lower than DVXP's 15.12% return.

PBJ

• 1D: -0.47%
• 1M: 4.21%
• 6M: 5.55%
• YTD: 9.17%
• 1Y: 1.85%
• 3Y*: 3.90%
• 5Y*: 5.02%
• 10Y*: 4.90%

DVXP

• 1D: -0.57%
• 1M: 2.83%
• 6M: 5.07%
• YTD: 15.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBJ vs. DVXP - Yearly Performance Comparison

	2026 (YTD)	2025
PBJ Invesco Dynamic Food & Beverage ETF	9.17%	-7.53%
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	15.12%	-10.24%

Correlation

The correlation between PBJ and DVXP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.76

Return for Risk

PBJ vs. DVXP — Risk / Return Rank

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

PBJ

PBJ Risk / Return Rank: 12
PBJ Sharpe Ratio Rank: 12
PBJ Sortino Ratio Rank: 11
PBJ Omega Ratio Rank: 11
PBJ Calmar Ratio Rank: 12
PBJ Martin Ratio Rank: 11

DVXP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. DVXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and WEBs Consumer Staples XLP Defined Volatility ETF (DVXP). 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.

	PBJ	DVXP	Difference
Sharpe ratio: Return per unit of total volatility	0.15	—	—
Sortino ratio: Return per unit of downside risk	0.30	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.15	—	—
Martin ratio: Return relative to average drawdown	0.33	—	—

Drawdowns

PBJ vs. DVXP - Drawdown Comparison

The maximum PBJ drawdown since its inception was -39.15%, which is greater than DVXP's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for PBJ and DVXP.

Drawdown Indicators

	PBJ	DVXP	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	-16.36%	-22.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.49%	—	—
Current Drawdown Current decline from peak	-4.04%	-7.42%	+3.38%
Average Drawdown Average peak-to-trough decline	-5.39%	-8.31%	+2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	—	—

Volatility

Volatility by Period

	PBJ	DVXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	21.23%	-8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	21.23%	-7.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	21.23%	-6.10%

PBJ vs. DVXP - Expense Ratio Comparison

PBJ has a 0.63% expense ratio, which is lower than DVXP's 0.89% expense ratio.

Dividends

PBJ vs. DVXP - Dividend Comparison

PBJ's dividend yield for the trailing twelve months is around 1.26%, more than DVXP's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVXP WEBs Consumer Staples XLP Defined Volatility ETF	0.16%	0.19%	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	1.26%	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 PBJ and DVXP in my portfolio?

PBJ and DVXP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBJ or DVXP?

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.

Which ETF is cheaper, PBJ or DVXP?

PBJ is cheaper with a 0.63% expense ratio, compared with 0.89% for DVXP.

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

PBJ has the higher dividend yield at 1.26%, compared with 0.16% for DVXP.

What is the main difference between PBJ and DVXP?

PBJ tracks Dynamic Food & Beverage Intellidex Index, while DVXP tracks Syntax Defined Volatility XLP Index. They also come from different issuers: Invesco and WEBs. Their fees differ too: 0.63% for PBJ and 0.89% for DVXP.