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 Artificial Intelligence fund tracking the Bloomberg Artificial Intelligence Index. Both are passively managed. Over the past year, PBJ returned 1.76% vs 46.14% for FAI. Their -0.03 correlation means they have often moved in opposite directions in the past. 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 6.99% return, which is significantly lower than FAI's 31.06% return.
PBJ
- 1D
- -0.36%
- 1M
- -0.54%
- 6M
- -2.88%
- YTD
- 6.99%
- 1Y
- 1.76%
- 3Y*
- 2.98%
- 5Y*
- 4.56%
- 10Y*
- 4.87%
- ALL TIME*
- 7.10%
FAI
- 1D
- -1.05%
- 1M
- 1.90%
- 6M
- 37.79%
- YTD
- 31.06%
- 1Y
- 46.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 40.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.72M | $2.75M | $3.66M | |
| $470.11K | $547.08K | $805.61K |
PBJ vs. FAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 6.99% | -1.86% | -1.61% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 31.06% | 33.37% | 2.28% |
Correlation
The correlation between PBJ and FAI is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | -0.03 |
The correlation between PBJ and FAI shifts across timeframes, from -0.20 (1 year) to -0.03 (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 | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.26 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.46 | -2.31 |
| Martin ratioReturn relative to average drawdown | 0.35 | 6.36 | -6.02 |
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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 | -11.38% | -18.84% | +7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | — | — |
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 | -5.95% | -6.91% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.78% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 7.27% | -2.18% |
Volatility
PBJ vs. FAI - Volatility Comparison
The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 4.60%, while First Trust Bloomberg Artificial Intelligence ETF (FAI) has a volatility of 10.63%. 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 | 4.60% | 10.63% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 24.94% | -14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 29.46% | -16.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 31.45% | -17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 31.45% | -16.29% |
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 1.28%, 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 | 1.28% | 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 -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAI has higher volatility (10.63%) compared to PBJ (4.60%). In terms of maximum drawdown, PBJ dropped -39.15% vs FAI's -27.82%.
On 1-year performance, FAI leads with 46.14% vs 1.76% for PBJ. On fees, PBJ is cheaper at 0.63% per year. On volatility, PBJ has been the lower-risk option at 4.60%. 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 46.14% return vs 1.76%. 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 1.28%, compared with 0.00% for FAI.
PBJ is categorized as Consumer Staples Equities, while FAI is Artificial Intelligence. 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 (1.57 vs 0.14), 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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