PBJ vs. QLV
Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and FlexShares US Quality Low Volatility Index Fund (QLV).
PBJ and QLV 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. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019. Both PBJ and QLV 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 QLV.
Performance
PBJ vs. QLV - Performance Comparison
Returns By Period
In the year-to-date period, PBJ achieves a 3.70% return, which is significantly lower than QLV's 18.66% return.
PBJ
3.70%
-1.30%
0.25%
10.80%
8.41%
5.93%
QLV
18.66%
-2.16%
8.23%
24.16%
11.65%
N/A
Key characteristics
| PBJ | QLV | |
|---|---|---|
| Sharpe Ratio | 0.97 | 2.75 |
| Sortino Ratio | 1.47 | 3.77 |
| Omega Ratio | 1.17 | 1.52 |
| Calmar Ratio | 1.13 | 5.17 |
| Martin Ratio | 3.12 | 18.43 |
| Ulcer Index | 3.50% | 1.32% |
| Daily Std Dev | 11.23% | 8.86% |
| Max Drawdown | -39.15% | -33.71% |
| Current Drawdown | -2.67% | -2.64% |
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PBJ vs. QLV - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is higher than QLV's 0.22% expense ratio.
Correlation
The correlation between PBJ and QLV is 0.68, 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.
Risk-Adjusted Performance
PBJ vs. QLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and FlexShares US Quality Low Volatility Index Fund (QLV). 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. QLV - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.19%, less than QLV's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 1.19% | 1.80% | 1.81% | 0.90% | 1.12% | 1.21% | 1.41% | 0.70% | 1.56% | 1.24% | 1.32% | 0.85% |
QLV FlexShares US Quality Low Volatility Index Fund | 1.60% | 1.60% | 1.74% | 0.97% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBJ vs. QLV - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, which is greater than QLV's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for PBJ and QLV. For additional features, visit the drawdowns tool.
Volatility
PBJ vs. QLV - Volatility Comparison
Invesco Dynamic Food & Beverage ETF (PBJ) has a higher volatility of 3.38% compared to FlexShares US Quality Low Volatility Index Fund (QLV) at 2.85%. This indicates that PBJ's price experiences larger fluctuations and is considered to be riskier than QLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.