PBJ vs. EATZ

Last updated Jun 26, 2026

PBJ (Invesco Dynamic Food & Beverage ETF) and EATZ (AdvisorShares Restaurant ETF) are both exchange-traded funds - PBJ is a Consumer Staples Equities fund tracking the Dynamic Food & Beverage Intellidex Index, while EATZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares. PBJ is passively managed, while EATZ is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. PBJ charges 0.63%/yr vs 1.00%/yr for EATZ.

Performance

PBJ vs. EATZ - Performance Comparison

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

Returns By Period

PBJ

• 1D: -0.55%
• 1M: -1.85%
• YTD: 5.45%
• 6M: 4.54%
• 1Y: 2.02%
• 3Y*: 2.56%
• 5Y*: 3.63%
• 10Y*: 5.21%

EATZ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBJ vs. EATZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PBJ Invesco Dynamic Food & Beverage ETF	5.45%	-1.86%	2.49%	2.31%	3.14%	9.25%
EATZ AdvisorShares Restaurant ETF	4.80%	-6.67%	23.21%	25.23%	-20.68%	-4.90%

Correlation

The correlation between PBJ and EATZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.51

The correlation between PBJ and EATZ shifts across timeframes, from 0.38 (1 year) to 0.52 (3 years), reflecting how their relationship changes across market environments.

PBJ vs. EATZ - Sectors Allocation Comparison

Sectors	PBJ	EATZ
Consumer Defensive	78.1%	16.9%
Consumer Cyclical	11.0%	78.2%
Industrials	5.6%	4.9%
Basic Materials	5.1%	-
Financial Services	0.2%	-
Communication Services	-	2.3%
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PBJ vs. EATZ — Risk / Return Rank

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

PBJ

PBJ Risk / Return Rank: 10
PBJ Sharpe Ratio Rank: 11
PBJ Sortino Ratio Rank: 10
PBJ Omega Ratio Rank: 10
PBJ Calmar Ratio Rank: 11
PBJ Martin Ratio Rank: 11

EATZ

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. EATZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and AdvisorShares Restaurant ETF (EATZ). 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	EATZ	Difference
Sharpe ratio: Return per unit of total volatility	0.16	—	—
Sortino ratio: Return per unit of downside risk	0.31	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.16	—	—
Martin ratio: Return relative to average drawdown	0.37	—	—

Drawdowns

Drawdown Indicators

	PBJ	EATZ	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	—	—
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	-7.31%	—	—
Average Drawdown Average peak-to-trough decline	-5.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	—	—

Volatility

Volatility by Period

	PBJ	EATZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	—	—

PBJ vs. EATZ - Expense Ratio Comparison

PBJ has a 0.63% expense ratio, which is lower than EATZ's 1.00% expense ratio.

Dividends

PBJ vs. EATZ - Dividend Comparison

PBJ's dividend yield for the trailing twelve months is around 1.30%, more than EATZ's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATZ AdvisorShares Restaurant ETF	0.48%	0.50%	0.18%	0.49%	2.35%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PBJ Invesco Dynamic Food & Beverage ETF	1.30%	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 EATZ in my portfolio?

PBJ and EATZ have a correlation of 0.38, 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 EATZ?

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 EATZ?

PBJ is cheaper with a 0.63% expense ratio, compared with 1.00% for EATZ.

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

PBJ has the higher dividend yield at 1.30%, compared with 0.48% for EATZ.

What is the main difference between PBJ and EATZ?

PBJ is categorized as Consumer Staples Equities, while EATZ is Consumer Discretionary Equities. They also come from different issuers: Invesco and AdvisorShares. Their fees differ too: 0.63% for PBJ and 1.00% for EATZ.