PBJ vs. DVXP
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 0.74 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
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Returns By Period
In the year-to-date period, PBJ achieves a 6.38% return, which is significantly lower than DVXP's 8.96% return.
PBJ
- 1D
- -0.35%
- 1M
- -4.27%
- YTD
- 6.38%
- 6M
- 5.80%
- 1Y
- 0.42%
- 3Y*
- 2.79%
- 5Y*
- 3.14%
- 10Y*
- 5.27%
DVXP
- 1D
- 0.56%
- 1M
- -3.05%
- YTD
- 8.96%
- 6M
- 7.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBJ vs. DVXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 6.38% | -7.95% |
DVXP WEBs Consumer Staples XLP Defined Volatility ETF | 8.96% | -10.24% |
Correlation
The correlation between PBJ and DVXP is 0.74, 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 24, 2025 | 0.74 |
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Return for Risk
PBJ vs. DVXP — Risk / Return Rank
PBJ
DVXP
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.
| PBJ | DVXP | 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 | 0.03 | — | — |
| Martin ratioReturn relative to average drawdown | 0.08 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBJ | DVXP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.12 | +0.58 |
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.
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Drawdown Indicators
| PBJ | DVXP | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -6.48% | -12.38% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -8.26% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | — | — |
Volatility
PBJ vs. DVXP - Volatility Comparison
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Volatility by Period
| PBJ | DVXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 21.03% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 21.03% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 21.03% | -5.92% |
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 1.58%, more than DVXP's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXP WEBs Consumer Staples XLP Defined Volatility ETF | 0.17% | 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 | 1.58% | 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
PBJ and DVXP have a correlation of 0.74, 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 0.89% for DVXP.
PBJ has the higher dividend yield at 1.58%, compared with 0.17% for 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.
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