QLV vs. PBJ
Compare and contrast key facts about FlexShares US Quality Low Volatility Index Fund (QLV) and Invesco Dynamic Food & Beverage ETF (PBJ).
QLV and PBJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both QLV and PBJ 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: QLV or PBJ.
Performance
QLV vs. PBJ - Performance Comparison
Returns By Period
In the year-to-date period, QLV achieves a 19.28% return, which is significantly higher than PBJ's 3.70% return.
QLV
19.28%
-1.96%
8.59%
24.18%
11.83%
N/A
PBJ
3.70%
-1.31%
0.09%
10.00%
8.54%
5.92%
Key characteristics
| QLV | PBJ | |
|---|---|---|
| Sharpe Ratio | 2.80 | 0.96 |
| Sortino Ratio | 3.83 | 1.45 |
| Omega Ratio | 1.53 | 1.17 |
| Calmar Ratio | 5.26 | 1.20 |
| Martin Ratio | 18.55 | 3.08 |
| Ulcer Index | 1.34% | 3.50% |
| Daily Std Dev | 8.87% | 11.20% |
| Max Drawdown | -33.71% | -39.15% |
| Current Drawdown | -2.12% | -2.68% |
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QLV vs. PBJ - Expense Ratio Comparison
QLV has a 0.22% expense ratio, which is lower than PBJ's 0.63% expense ratio.
Correlation
The correlation between QLV and PBJ 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
QLV vs. PBJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) and Invesco Dynamic Food & Beverage ETF (PBJ). 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
QLV vs. PBJ - Dividend Comparison
QLV's dividend yield for the trailing twelve months is around 1.59%, more than PBJ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLV FlexShares US Quality Low Volatility Index Fund | 1.59% | 1.60% | 1.74% | 0.97% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
QLV vs. PBJ - Drawdown Comparison
The maximum QLV drawdown since its inception was -33.71%, smaller than the maximum PBJ drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for QLV and PBJ. For additional features, visit the drawdowns tool.
Volatility
QLV vs. PBJ - Volatility Comparison
The current volatility for FlexShares US Quality Low Volatility Index Fund (QLV) is 2.91%, while Invesco Dynamic Food & Beverage ETF (PBJ) has a volatility of 3.15%. This indicates that QLV experiences smaller price fluctuations and is considered to be less risky than PBJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.