PBJ vs. FXG

Last updated Jun 4, 2026

PBJ (Invesco Dynamic Food & Beverage ETF) and FXG (First Trust Consumer Staples AlphaDEX Fund) are both Consumer Staples Equities funds - PBJ tracks the Dynamic Food & Beverage Intellidex Index while FXG tracks the StrataQuant Consumer Staples Index. Both are passively managed. Over the past 10 years, PBJ returned 5.27%/yr vs 4.23%/yr for FXG. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.63% expense ratio.

Performance

PBJ vs. FXG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Food & Beverage ETF (PBJ) and First Trust Consumer Staples AlphaDEX Fund (FXG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBJ achieves a 6.38% return, which is significantly higher than FXG's -0.18% return. Over the past 10 years, PBJ has outperformed FXG with an annualized return of 5.27%, while FXG has yielded a comparatively lower 4.23% annualized 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%

FXG

• 1D: 0.06%
• 1M: -5.27%
• YTD: -0.18%
• 6M: -1.44%
• 1Y: -2.29%
• 3Y*: 0.94%
• 5Y*: 1.87%
• 10Y*: 4.23%

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

PBJ vs. FXG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBJ Invesco Dynamic Food & Beverage ETF	6.38%	-1.86%	2.49%	2.31%	3.14%	26.88%	5.53%	17.50%	-11.21%	1.87%
FXG First Trust Consumer Staples AlphaDEX Fund	-0.18%	-2.66%	3.21%	1.97%	3.28%	21.73%	4.85%	20.65%	-11.49%	7.87%

Correlation

The correlation between PBJ and FXG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 11, 2007	0.82

The correlation between PBJ and FXG has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

PBJ vs. FXG - Sectors Allocation Comparison

Sectors	PBJ	FXG
Consumer Defensive	85.6%	79.9%
Consumer Cyclical	6.0%	7.9%
Basic Materials	5.2%	2.0%
Industrials	3.1%	4.1%
Financial Services	0.2%	-
Communication Services	-	-
Energy	-	-
Healthcare	-	8.2%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PBJ vs. FXG — Risk / Return Rank

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

PBJ

PBJ Risk / Return Rank: 9
PBJ Sharpe Ratio Rank: 9
PBJ Sortino Ratio Rank: 8
PBJ Omega Ratio Rank: 8
PBJ Calmar Ratio Rank: 9
PBJ Martin Ratio Rank: 9

FXG

FXG Risk / Return Rank: 7
FXG Sharpe Ratio Rank: 7
FXG Sortino Ratio Rank: 6
FXG Omega Ratio Rank: 6
FXG Calmar Ratio Rank: 7
FXG Martin Ratio Rank: 7

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. FXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and First Trust Consumer Staples AlphaDEX Fund (FXG). 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	FXG	Difference
Sharpe ratio: Return per unit of total volatility	0.03	-0.18	+0.22
Sortino ratio: Return per unit of downside risk	0.13	-0.17	+0.30
Omega ratio: Gain probability vs. loss probability	1.02	0.98	+0.03
Calmar ratio: Return relative to maximum drawdown	0.03	-0.18	+0.21
Martin ratio: Return relative to average drawdown	0.08	-0.42	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBJ vs. FXG - Sharpe Ratio Comparison

The current PBJ Sharpe Ratio is 0.03, which is higher than the FXG Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of PBJ and FXG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PBJ	FXG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	-0.18	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.14	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.28	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.47	-0.01

Drawdowns

PBJ vs. FXG - Drawdown Comparison

The maximum PBJ drawdown since its inception was -39.15%, roughly equal to the maximum FXG drawdown of -38.69%. Use the drawdown chart below to compare losses from any high point for PBJ and FXG.

Drawdown Indicators

	PBJ	FXG	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	-38.69%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-12.75%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-12.99%	-12.75%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	-15.70%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-28.49%	-27.54%	-0.95%
Current Drawdown Current decline from peak	-6.48%	-12.70%	+6.22%
Average Drawdown Average peak-to-trough decline	-5.39%	-6.03%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	5.41%	-0.19%

Volatility

PBJ vs. FXG - Volatility Comparison

Invesco Dynamic Food & Beverage ETF (PBJ) has a higher volatility of 3.74% compared to First Trust Consumer Staples AlphaDEX Fund (FXG) at 3.20%. This indicates that PBJ's price experiences larger fluctuations and is considered to be riskier than FXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBJ	FXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	3.20%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	9.11%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	12.71%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	13.48%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	14.92%	+0.19%

PBJ vs. FXG - Expense Ratio Comparison

Both PBJ and FXG have an expense ratio of 0.63%.

Dividends

PBJ vs. FXG - Dividend Comparison

PBJ's dividend yield for the trailing twelve months is around 1.58%, less than FXG's 2.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXG First Trust Consumer Staples AlphaDEX Fund	2.90%	2.83%	1.70%	1.41%	1.83%	1.38%	1.41%	1.63%	2.31%	1.34%	1.72%	1.67%
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

Can I hold both PBJ and FXG in my portfolio?

PBJ and FXG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBJ or FXG?

PBJ has higher volatility (3.74%) compared to FXG (3.20%). In terms of maximum drawdown, PBJ dropped -39.15% vs FXG's -38.69%.

Which ETF is better, PBJ or FXG?

On 10-year performance, PBJ leads with 5.27% vs 4.23% for FXG. Both ETFs have the same 0.63% expense ratio. On volatility, FXG has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PBJ or FXG?

Over the 10-year period, PBJ has performed better with a 5.27% return vs 4.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PBJ or FXG?

PBJ and FXG have the same expense ratio: 0.63% per year.

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

FXG has the higher dividend yield at 2.90%, compared with 1.58% for PBJ.

What is the main difference between PBJ and FXG?

PBJ tracks Dynamic Food & Beverage Intellidex Index, while FXG tracks StrataQuant Consumer Staples Index. They also come from different issuers: Invesco and First Trust.

Which has better risk-adjusted returns?

PBJ currently has the higher Sharpe Ratio (0.03 vs -0.18), 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.