PBJ vs. REZ
Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and iShares Residential Real Estate ETF (REZ).
PBJ and REZ 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. REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007. Both PBJ and REZ 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 REZ.
Key characteristics
| PBJ | REZ | |
|---|---|---|
| YTD Return | 4.91% | 0.71% |
| 1Y Return | 2.67% | 4.67% |
| 3Y Return (Ann) | 6.48% | 0.56% |
| 5Y Return (Ann) | 8.71% | 3.80% |
| 10Y Return (Ann) | 7.46% | 6.91% |
| Sharpe Ratio | 0.28 | 0.22 |
| Daily Std Dev | 11.40% | 18.48% |
| Max Drawdown | -39.15% | -66.84% |
| Current Drawdown | -1.54% | -20.90% |
Correlation
The correlation between PBJ and REZ is 0.53, 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. REZ - Performance Comparison
In the year-to-date period, PBJ achieves a 4.91% return, which is significantly higher than REZ's 0.71% return. Over the past 10 years, PBJ has outperformed REZ with an annualized return of 7.46%, while REZ has yielded a comparatively lower 6.91% annualized 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. REZ - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is higher than REZ's 0.48% expense ratio.
Risk-Adjusted Performance
PBJ vs. REZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and iShares Residential Real Estate ETF (REZ). 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. REZ - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.46%, less than REZ's 2.85% 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% |
REZ iShares Residential Real Estate ETF | 2.85% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% | 3.13% | 3.92% |
Drawdowns
PBJ vs. REZ - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, smaller than the maximum REZ drawdown of -66.84%. Use the drawdown chart below to compare losses from any high point for PBJ and REZ. For additional features, visit the drawdowns tool.
Volatility
PBJ vs. REZ - Volatility Comparison
The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 3.57%, while iShares Residential Real Estate ETF (REZ) has a volatility of 4.10%. This indicates that PBJ experiences smaller price fluctuations and is considered to be less risky than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.