PBJ vs. RSPS

Last updated Jun 3, 2026

PBJ (Invesco Dynamic Food & Beverage ETF) and RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) are both Consumer Staples Equities funds from Invesco - PBJ tracks the Dynamic Food & Beverage Intellidex Index while RSPS tracks the S&P 500 Equal Weighted / Consumer Staples -SEC. Both are passively managed. Over the past 10 years, PBJ returned 5.31%/yr vs 4.18%/yr for RSPS. A 0.77 correlation means they provide meaningful diversification when combined. PBJ charges 0.63%/yr vs 0.40%/yr for RSPS.

Performance

PBJ vs. RSPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Food & Beverage ETF (PBJ) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBJ achieves a 6.76% return, which is significantly higher than RSPS's 1.88% return. Over the past 10 years, PBJ has outperformed RSPS with an annualized return of 5.31%, while RSPS has yielded a comparatively lower 4.18% annualized return.

PBJ

• 1D: -0.42%
• 1M: -4.59%
• YTD: 6.76%
• 6M: 5.92%
• 1Y: 0.00%
• 3Y*: 2.92%
• 5Y*: 3.24%
• 10Y*: 5.31%

RSPS

• 1D: -0.30%
• 1M: -0.98%
• YTD: 1.88%
• 6M: 1.13%
• 1Y: -0.74%
• 3Y*: -1.65%
• 5Y*: 0.09%
• 10Y*: 4.18%

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

PBJ vs. RSPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBJ Invesco Dynamic Food & Beverage ETF	6.76%	-1.86%	2.49%	2.31%	3.14%	26.88%	5.53%	17.50%	-11.21%	1.87%
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	1.88%	-0.88%	-1.47%	-5.39%	2.88%	14.68%	6.19%	28.17%	-10.86%	14.20%

Correlation

The correlation between PBJ and RSPS is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.77

The correlation between PBJ and RSPS has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

PBJ vs. RSPS - Sectors Allocation Comparison

Sectors	PBJ	RSPS
Consumer Defensive	85.6%	96.9%
Consumer Cyclical	6.0%	3.1%
Basic Materials	5.2%	-
Industrials	3.1%	-
Financial Services	0.2%	0.0%
Communication Services	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PBJ vs. RSPS — Risk / Return Rank

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

PBJ

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

RSPS

RSPS Risk / Return Rank: 8
RSPS Sharpe Ratio Rank: 8
RSPS Sortino Ratio Rank: 7
RSPS Omega Ratio Rank: 7
RSPS Calmar Ratio Rank: 8
RSPS Martin Ratio Rank: 8

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. RSPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS). 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	RSPS	Difference
Sharpe ratio Return per unit of total volatility	0.00	-0.05	+0.05
Sortino ratio Return per unit of downside risk	0.09	0.02	+0.07
Omega ratio Gain probability vs. loss probability	1.01	1.00	+0.01
Calmar ratio Return relative to maximum drawdown	-0.01	-0.08	+0.07
Martin ratio Return relative to average drawdown	-0.02	-0.16	+0.13
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. RSPS - Sharpe Ratio Comparison

The current PBJ Sharpe Ratio is 0.00, which is higher than the RSPS Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of PBJ and RSPS, 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	RSPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	-0.05	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.01	+0.23
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	0.57	-0.10

Drawdowns

PBJ vs. RSPS - Drawdown Comparison

The maximum PBJ drawdown since its inception was -39.15%, which is greater than RSPS's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for PBJ and RSPS.

Drawdown Indicators

	PBJ	RSPS	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	-35.93%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-11.72%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-12.99%	-16.53%	+3.54%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	-18.61%	+2.80%
Max Drawdown (10Y) Largest decline over 10 years	-28.49%	-25.42%	-3.07%
Current Drawdown Current decline from peak	-6.15%	-11.05%	+4.90%
Average Drawdown Average peak-to-trough decline	-5.39%	-5.05%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	6.08%	-0.85%

Volatility

PBJ vs. RSPS - Volatility Comparison

Invesco Dynamic Food & Beverage ETF (PBJ) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) have volatilities of 3.77% and 3.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBJ	RSPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	3.74%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	10.14%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	13.51%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	13.60%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	14.87%	+0.24%

PBJ vs. RSPS - Expense Ratio Comparison

PBJ has a 0.63% expense ratio, which is higher than RSPS's 0.40% expense ratio.

Dividends

PBJ vs. RSPS - Dividend Comparison

PBJ's dividend yield for the trailing twelve months is around 1.58%, less than RSPS's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	2.86%	2.82%	2.86%	2.78%	2.31%	2.07%	2.14%	2.12%	2.43%	1.90%	1.76%	1.77%

Frequently Asked Questions

Can I hold both PBJ and RSPS in my portfolio?

PBJ and RSPS have a correlation of 0.77, 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 RSPS?

PBJ has higher volatility (3.77%) compared to RSPS (3.74%). In terms of maximum drawdown, PBJ dropped -39.15% vs RSPS's -35.93%.

Which ETF is better, PBJ or RSPS?

On 10-year performance, PBJ leads with 5.31% vs 4.18% for RSPS. On fees, RSPS is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PBJ or RSPS?

Over the 10-year period, PBJ has performed better with a 5.31% return vs 4.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PBJ or RSPS?

RSPS is cheaper with a 0.40% expense ratio, compared with 0.63% for PBJ.

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

RSPS has the higher dividend yield at 2.86%, compared with 1.58% for PBJ.

What is the main difference between PBJ and RSPS?

PBJ tracks Dynamic Food & Beverage Intellidex Index, while RSPS tracks S&P 500 Equal Weighted / Consumer Staples -SEC. Their fees differ too: 0.63% for PBJ and 0.40% for RSPS.

Which has better risk-adjusted returns?

PBJ currently has the higher Sharpe Ratio (0.00 vs -0.05), 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.