PBJ vs. FTXG
Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and First Trust Nasdaq Food & Beverage ETF (FTXG).
PBJ and FTXG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Food & Beverage Intellidex Index. It was launched on Jun 23, 2005. FTXG is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Food & Beverage Index. It was launched on Sep 20, 2016. Both PBJ and FTXG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBJ or FTXG.
Key characteristics
| PBJ | FTXG | |
|---|---|---|
| YTD Return | 4.69% | 3.81% |
| 1Y Return | 2.31% | -5.25% |
| 3Y Return (Ann) | 5.86% | 0.60% |
| 5Y Return (Ann) | 8.89% | 6.35% |
| Sharpe Ratio | 0.22 | -0.41 |
| Daily Std Dev | 11.42% | 12.47% |
| Max Drawdown | -39.15% | -31.53% |
| Current Drawdown | -1.74% | -8.27% |
Correlation
The correlation between PBJ and FTXG is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PBJ vs. FTXG - Performance Comparison
In the year-to-date period, PBJ achieves a 4.69% return, which is significantly higher than FTXG's 3.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PBJ vs. FTXG - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is higher than FTXG's 0.60% expense ratio.
Risk-Adjusted Performance
PBJ vs. FTXG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and First Trust Nasdaq Food & Beverage ETF (FTXG). 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.
Dividends
PBJ vs. FTXG - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.46%, less than FTXG's 4.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 1.46% | 1.81% | 1.82% | 0.90% | 1.12% | 1.21% | 1.41% | 0.70% | 1.56% | 1.24% | 1.32% | 0.85% |
FTXG First Trust Nasdaq Food & Beverage ETF | 4.24% | 4.27% | 1.50% | 1.52% | 1.35% | 1.25% | 1.37% | 1.56% | 0.30% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBJ vs. FTXG - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, which is greater than FTXG's maximum drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for PBJ and FTXG. For additional features, visit the drawdowns tool.
Volatility
PBJ vs. FTXG - Volatility Comparison
The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 3.22%, while First Trust Nasdaq Food & Beverage ETF (FTXG) has a volatility of 3.42%. This indicates that PBJ experiences smaller price fluctuations and is considered to be less risky than FTXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.