REZ vs. PBJ
Compare and contrast key facts about iShares Residential Real Estate ETF (REZ) and Invesco Dynamic Food & Beverage ETF (PBJ).
REZ and PBJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 REZ 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.
Performance
REZ vs. PBJ - Performance Comparison
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REZ vs. PBJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 0.69% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
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% |
Returns By Period
In the year-to-date period, REZ achieves a 0.69% return, which is significantly lower than PBJ's 9.63% return. Both investments have delivered pretty close results over the past 10 years, with REZ having a 5.55% annualized return and PBJ not far behind at 5.50%.
REZ
- 1D
- 1.02%
- 1M
- -7.10%
- YTD
- 0.69%
- 6M
- -1.00%
- 1Y
- -1.49%
- 3Y*
- 8.30%
- 5Y*
- 4.57%
- 10Y*
- 5.55%
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%
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REZ vs. PBJ - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than PBJ's 0.63% expense ratio.
Return for Risk
REZ vs. PBJ — Risk / Return Rank
REZ
PBJ
REZ vs. PBJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
| REZ | PBJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 0.58 | -0.67 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.92 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.78 | -0.85 |
Martin ratioReturn relative to average drawdown | -0.22 | 1.92 | -2.14 |
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
| REZ | PBJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.58 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.41 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.36 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.47 | -0.25 |
Correlation
The correlation between REZ and PBJ is 0.52, 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
REZ vs. PBJ - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.28%, more than PBJ's 1.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.28% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
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% |
Drawdowns
REZ vs. PBJ - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, which is greater than PBJ's maximum drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for REZ and PBJ.
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Drawdown Indicators
| REZ | PBJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -39.15% | -27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.82% | -12.48% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -15.81% | -19.24% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -28.49% | -15.66% |
Current DrawdownCurrent decline from peak | -7.70% | -3.63% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -5.41% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 5.09% | -1.25% |
Volatility
REZ vs. PBJ - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 4.65% compared to Invesco Dynamic Food & Beverage ETF (PBJ) at 4.09%. This indicates that REZ's price experiences larger fluctuations and is considered to be riskier than PBJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REZ | PBJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.09% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 9.09% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 14.43% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 13.74% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 15.13% | +6.39% |