PBJ vs. FAI
PBJ (Invesco Dynamic Food & Beverage ETF) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both exchange-traded funds - PBJ is a Consumer Staples Equities fund tracking the Dynamic Food & Beverage Intellidex Index, while FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index. Both are passively managed. Over the past year, PBJ returned -0.24% vs 56.66% for FAI. At a 0.02 correlation, their price movements are largely independent. PBJ charges 0.63%/yr vs 0.65%/yr for FAI.
Performance
PBJ vs. FAI - Performance Comparison
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Returns By Period
In the year-to-date period, PBJ achieves a 5.32% return, which is significantly lower than FAI's 27.58% return.
PBJ
- 1D
- 1.57%
- 1M
- -2.97%
- YTD
- 5.32%
- 6M
- 4.88%
- 1Y
- -0.24%
- 3Y*
- 2.47%
- 5Y*
- 3.75%
- 10Y*
- 5.17%
FAI
- 1D
- -4.82%
- 1M
- 1.99%
- YTD
- 27.58%
- 6M
- 26.62%
- 1Y
- 56.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBJ vs. FAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 5.32% | -1.86% | -1.61% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 27.58% | 33.37% | 2.28% |
Correlation
The correlation between PBJ and FAI is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.02 |
The correlation between PBJ and FAI shifts across timeframes, from -0.13 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBJ vs. FAI — Risk / Return Rank
PBJ
FAI
PBJ vs. FAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and First Trust Bloomberg Artificial Intelligence ETF (FAI). 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 | FAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.02 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.04 | 9.38 | -9.42 |
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Drawdowns
PBJ vs. FAI - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, which is greater than FAI's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for PBJ and FAI.
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Drawdown Indicators
| PBJ | FAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -27.82% | -11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -18.84% | +6.36% |
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 | -7.42% | -9.38% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.37% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 6.06% | -0.65% |
Volatility
PBJ vs. FAI - Volatility Comparison
The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 4.33%, while First Trust Bloomberg Artificial Intelligence ETF (FAI) has a volatility of 14.67%. This indicates that PBJ experiences smaller price fluctuations and is considered to be less risky than FAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBJ | FAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 14.67% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 22.72% | -13.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 27.43% | -14.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 31.12% | -17.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 31.12% | -15.99% |
PBJ vs. FAI - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is lower than FAI's 0.65% expense ratio.
Dividends
PBJ vs. FAI - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.30%, while FAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBJ Invesco Dynamic Food & Beverage ETF | 1.30% | 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
PBJ and FAI have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAI has higher volatility (14.67%) compared to PBJ (4.33%). In terms of maximum drawdown, PBJ dropped -39.15% vs FAI's -27.82%.
On 1-year performance, FAI leads with 56.66% vs -0.24% for PBJ. On fees, PBJ is cheaper at 0.63% per year. On volatility, PBJ has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAI has performed better with a 56.66% return vs -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PBJ is cheaper with a 0.63% expense ratio, compared with 0.65% for FAI.
PBJ has the higher dividend yield at 1.30%, compared with 0.00% for FAI.
PBJ is categorized as Consumer Staples Equities, while FAI is Technology Equities. PBJ tracks Dynamic Food & Beverage Intellidex Index, while FAI tracks Bloomberg Artificial Intelligence Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.63% for PBJ and 0.65% for FAI.
FAI currently has the higher Sharpe Ratio (2.08 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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