PBJ vs. VDC
Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and Vanguard Consumer Staples ETF (VDC).
PBJ and VDC 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. VDC is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Consumer Staples 25/50 Index. It was launched on Jan 26, 2004. Both PBJ and VDC 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 VDC.
Key characteristics
| PBJ | VDC | |
|---|---|---|
| YTD Return | 4.69% | 8.69% |
| 1Y Return | 2.31% | 6.30% |
| 3Y Return (Ann) | 5.86% | 6.28% |
| 5Y Return (Ann) | 8.89% | 9.66% |
| 10Y Return (Ann) | 7.50% | 8.90% |
| Sharpe Ratio | 0.22 | 0.63 |
| Daily Std Dev | 11.42% | 10.50% |
| Max Drawdown | -39.15% | -34.24% |
| Current Drawdown | -1.74% | -0.21% |
Correlation
The correlation between PBJ and VDC is 0.82, 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. VDC - Performance Comparison
In the year-to-date period, PBJ achieves a 4.69% return, which is significantly lower than VDC's 8.69% return. Over the past 10 years, PBJ has underperformed VDC with an annualized return of 7.50%, while VDC has yielded a comparatively higher 8.90% 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. VDC - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is higher than VDC's 0.10% expense ratio.
Risk-Adjusted Performance
PBJ vs. VDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) and Vanguard Consumer Staples ETF (VDC). 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. VDC - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.46%, less than VDC's 2.45% 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% |
VDC Vanguard Consumer Staples ETF | 2.45% | 2.65% | 2.37% | 2.14% | 2.50% | 2.44% | 2.78% | 2.52% | 2.39% | 2.55% | 1.93% | 2.21% |
Drawdowns
PBJ vs. VDC - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, which is greater than VDC's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for PBJ and VDC. For additional features, visit the drawdowns tool.
Volatility
PBJ vs. VDC - Volatility Comparison
Invesco Dynamic Food & Beverage ETF (PBJ) has a higher volatility of 3.22% compared to Vanguard Consumer Staples ETF (VDC) at 2.55%. This indicates that PBJ's price experiences larger fluctuations and is considered to be riskier than VDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.