PBJ vs. XMMO
Compare and contrast key facts about Invesco Dynamic Food & Beverage ETF (PBJ) and Invesco S&P MidCap Momentum ETF (XMMO).
PBJ and XMMO 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. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005. Both PBJ and XMMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PBJ vs. XMMO - Performance Comparison
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PBJ vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 9.63% | -1.86% | 2.49% | 2.31% | 3.14% | 26.88% | 5.53% | 17.50% | -11.21% | 1.87% |
XMMO Invesco S&P MidCap Momentum ETF | 4.93% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
Returns By Period
In the year-to-date period, PBJ achieves a 9.63% return, which is significantly higher than XMMO's 4.93% return. Over the past 10 years, PBJ has underperformed XMMO with an annualized return of 5.50%, while XMMO has yielded a comparatively higher 18.19% annualized return.
PBJ
- 1D
- 0.48%
- 1M
- -3.63%
- YTD
- 9.63%
- 6M
- 7.39%
- 1Y
- 8.24%
- 3Y*
- 3.42%
- 5Y*
- 5.64%
- 10Y*
- 5.50%
XMMO
- 1D
- 4.31%
- 1M
- -3.18%
- YTD
- 4.93%
- 6M
- 7.61%
- 1Y
- 28.46%
- 3Y*
- 25.08%
- 5Y*
- 12.21%
- 10Y*
- 18.19%
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PBJ vs. XMMO - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Return for Risk
PBJ vs. XMMO — Risk / Return Rank
PBJ
XMMO
PBJ vs. XMMO - 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 MidCap Momentum ETF (XMMO). 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 | XMMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 1.30 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.86 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.28 | -1.50 |
Martin ratioReturn relative to average drawdown | 1.92 | 10.83 | -8.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBJ | XMMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.30 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.58 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.83 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.54 | -0.07 |
Correlation
The correlation between PBJ and XMMO is 0.65, 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.
Dividends
PBJ vs. XMMO - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.54%, more than XMMO's 0.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 1.54% | 1.83% | 1.11% | 1.81% | 1.82% | 0.90% | 1.12% | 1.21% | 1.41% | 0.70% | 1.56% | 1.24% |
XMMO Invesco S&P MidCap Momentum ETF | 0.71% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Drawdowns
PBJ vs. XMMO - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for PBJ and XMMO.
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Drawdown Indicators
| PBJ | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -55.37% | +16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -12.81% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -27.91% | +12.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.49% | -36.74% | +8.25% |
Current DrawdownCurrent decline from peak | -3.63% | -4.39% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -9.52% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 2.69% | +2.40% |
Volatility
PBJ vs. XMMO - Volatility Comparison
The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 4.09%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.07%. This indicates that PBJ experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBJ | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 9.07% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 14.28% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 21.97% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.74% | 21.26% | -7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 22.11% | -6.98% |