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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REZ or PBJ.
Key characteristics
| REZ | PBJ | |
|---|---|---|
| YTD Return | 21.09% | 5.48% |
| 1Y Return | 40.12% | 14.43% |
| 3Y Return (Ann) | 1.08% | 4.74% |
| 5Y Return (Ann) | 5.84% | 8.99% |
| 10Y Return (Ann) | 7.92% | 6.21% |
| Sharpe Ratio | 2.41 | 1.33 |
| Sortino Ratio | 3.39 | 1.97 |
| Omega Ratio | 1.41 | 1.23 |
| Calmar Ratio | 1.27 | 1.37 |
| Martin Ratio | 11.17 | 4.31 |
| Ulcer Index | 3.72% | 3.48% |
| Daily Std Dev | 17.30% | 11.28% |
| Max Drawdown | -66.84% | -39.15% |
| Current Drawdown | -4.89% | -1.00% |
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.
Performance
REZ vs. PBJ - Performance Comparison
In the year-to-date period, REZ achieves a 21.09% return, which is significantly higher than PBJ's 5.48% return. Over the past 10 years, REZ has outperformed PBJ with an annualized return of 7.92%, while PBJ has yielded a comparatively lower 6.21% 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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REZ vs. PBJ - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than PBJ's 0.63% expense ratio.
Risk-Adjusted Performance
REZ vs. PBJ - Risk-Adjusted Performance 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.
Dividends
REZ vs. PBJ - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.18%, more than PBJ's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.18% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% | 3.92% |
PBJ Invesco Dynamic Food & Beverage ETF | 1.17% | 1.80% | 1.81% | 0.90% | 1.12% | 1.21% | 1.41% | 0.70% | 1.56% | 1.24% | 1.32% | 0.85% |
Drawdowns
REZ vs. PBJ - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.84%, 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. For additional features, visit the drawdowns tool.
Volatility
REZ vs. PBJ - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 5.71% compared to Invesco Dynamic Food & Beverage ETF (PBJ) at 3.15%. 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.