PBJ vs. IYK
Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and iShares U.S. Consumer Goods ETF (IYK).
PBJ and IYK 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. IYK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Consumer Goods Index. It was launched on Jun 12, 2000. Both PBJ and IYK 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 IYK.
Key characteristics
| PBJ | IYK | |
|---|---|---|
| YTD Return | 4.69% | 6.82% |
| 1Y Return | 2.31% | 6.34% |
| 3Y Return (Ann) | 5.86% | 11.43% |
| 5Y Return (Ann) | 8.89% | 18.23% |
| 10Y Return (Ann) | 7.50% | 14.99% |
| Sharpe Ratio | 0.22 | 0.65 |
| Daily Std Dev | 11.42% | 10.31% |
| Max Drawdown | -39.15% | -39.57% |
| Current Drawdown | -1.74% | 0.00% |
Correlation
The correlation between PBJ and IYK is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PBJ vs. IYK - Performance Comparison
In the year-to-date period, PBJ achieves a 4.69% return, which is significantly lower than IYK's 6.82% return. Over the past 10 years, PBJ has underperformed IYK with an annualized return of 7.50%, while IYK has yielded a comparatively higher 14.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBJ vs. IYK - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is higher than IYK's 0.42% expense ratio.
Risk-Adjusted Performance
PBJ vs. IYK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and iShares U.S. Consumer Goods ETF (IYK). 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. IYK - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.46%, less than IYK's 6.89% 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% |
IYK iShares U.S. Consumer Goods ETF | 6.89% | 8.23% | 6.49% | 4.46% | 4.26% | 6.63% | 8.44% | 5.21% | 7.88% | 6.34% | 5.47% | 5.52% |
Drawdowns
PBJ vs. IYK - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, roughly equal to the maximum IYK drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for PBJ and IYK. For additional features, visit the drawdowns tool.
Volatility
PBJ vs. IYK - Volatility Comparison
Invesco Dynamic Food & Beverage ETF (PBJ) has a higher volatility of 3.22% compared to iShares U.S. Consumer Goods ETF (IYK) at 2.61%. This indicates that PBJ's price experiences larger fluctuations and is considered to be riskier than IYK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.